Commercial cookers are essential appliances in the foodservice industry, enabling efficient cooking and food preparation in commercial kitchens, restaurants, hotels, and catering facilities. As the demand for convenient dining options and culinary diversity continues to rise, the market for commercial cookers is witnessing significant evolution and innovation. This analysis delves into the latest trends, innovations, and market dynamics shaping the commercial cooker industry.
The commercial cookers market is on a steady growth trajectory, with a projected compound annual growth rate (CAGR) of 4.9% by 2033. According to insights from FMI, this market is poised to expand from USD 1,953.0 million in 2023 to USD 3,151.1 million by 2033. Although the market value stood at USD 1,872.5 million in 2022, experiencing a modest growth rate of 1.4% during the period from 2018 to 2022, it is expected to witness accelerated growth in the coming years.
The burgeoning hospitality industry plays a pivotal role in driving the demand for commercial cookers, fueled by the rising need for versatile, efficient, space-saving, and time-saving cooking solutions. As the demand for multifunctional cookers grows, propelled by the evolving preferences of consumers, the global market for commercial cookers continues to expand.
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In line with evolving market dynamics, several trends are shaping the commercial cooker market landscape. These trends are aimed at minimizing kitchen space, optimizing energy usage, reducing food waste, and streamlining labor-intensive processes. Advancements in technology play a crucial role in driving these trends, revolutionizing commercial kitchens and their cooking equipment. As a result, the commercial cookers market is witnessing a shift towards more advanced, innovative solutions that cater to the evolving needs and expectations of consumers.
Growth Factors
Cloud kitchens have gained significant traction among the target demographic, driven by the appeal of fast food offerings characterized by rich flavors, diverse product options, and convenient accessibility.
This trend has been further fueled by the increasing demand for online food delivery services, driven by the hectic lifestyles of consumers seeking convenient dining solutions.
The proliferation of cloud kitchens in the food service sector has been facilitated by the widespread availability of the internet and the influential role of social media platforms. These factors have contributed to the growing consumer interest and adoption of cloud kitchen concepts, propelling the commercial cookers market towards lucrative growth opportunities in the forecast period.
Key Players
- Vulcan
- Imperial Commercial Cooking Equipment
- Ralph Jacobsberg and Company
- B+S Commercial Kitchens
- Ali Group
- Atosa USA Inc.
- Comstock- Castle Stove Co.
- Electroflux
- Duke Manufacturing Co.
- Illinois Tool Works Inc
- Middleby Corporation
- Comstock Castle Stove Co
- Fagor Professional
- Nisbets
- Anvil World
- AMtek
- Henny Penny
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Key Segments
By Type:
- Gas
- Dual
- Electric
By Burner:
- 2 Burner
- 3 Burner
- 4 Burner
- 5 Burner
- 6 Burner
By End Use:
- Full-service Restaurant
- Quick-service Restaurant
- Catering
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
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