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Asia Pacific Commercial Refrigerators to Witness Rapid
Growth
The Asia
Pacific commercial refrigerator has been witnessing steady growth over the past
few years and is expected to grow rapidly during the forecast period. Various
factors are driving the demand for commercial refrigerators across industries
in the region.
Rise of Food Service Industry
One of the major factors fueling the Asia
Pacific Commercial Refrigerator growth is the booming food service
industry. The food service sector in Asia Pacific countries has grown
significantly with expanding tourism and restaurant businesses. Food service
establishments such as hotels, restaurants, cafes and catering businesses are
major consumers of commercial refrigeration products. Increasing disposable
incomes and changing lifestyles have led to more people eating out and ordering
food deliveries which has accelerated the demand for commercial-grade
refrigerators. The expansion of quick service restaurants, international food
chains and cloud kitchens across tier 1 and tier 2 cities in the region has
also contributed towards commercial refrigerator sales.
Growing Organized Retail Sector
The organized retail sector including supermarkets, hypermarkets and
convenience stores is another key end-user driving refrigerator adoption.
Rising penetration of modern retail formats due to urbanization and improving
standards of living has necessitated proper storage and display of perishable
items requiring commercial refrigeration solutions. Supermarkets and
hypermarkets are installing centralized refrigeration systems for meat,
seafood, dairy and other chilled food sections. Walk-in coolers and freezers
are also gaining popularity for large format stores. This has provided a fillip
to commercial refrigerator manufacturers.
Rising Cold Chain Logistics
With the growth in e-commerce and demand for processed and packaged food, cold
chain logistics have become crucial for safe transportation and storage of
temperature sensitive items. This has increased procurement of refrigerated
trucks, shipping containers and cold storage warehouses equipped with
commercial and industrial refrigeration equipment like reach-in and walk-in
refrigerators. Countries with hot climates especially require extensive cold
chain networks for import and distribution of food products. All these are
supporting the sale of commercial refrigeration products.
Government Food Safety Regulations
Stringent regulations regarding food safety, quality and storage temperatures
are being implemented by governments across Asia Pacific to protect public
health. This is encouraging retailers, restaurants, food processors and
logistics companies to install commercial-grade refrigerators with consistent
and reliable cooling capabilities. Regulations mandate HACCP certification for
cold storage warehouse setups leading to installation of advanced industrial
refrigeration solutions. Such compliance-related factors are generating
commercial refrigerator demand.
Product Innovations and Technology Advancements
Commercial refrigerator manufacturers are coming up with innovative product
designs, features and technologies to attract customers. Some of the latest
refrigerator models have touchscreen controls, storage optimization solutions,
smart monitoring capabilities, eco-friendly refrigerants, adaptive inverter
compressors and automated door systems. Adoption of IoT and data analytics is
helping optimize energy usage and reduce costs. Superior insulation, advanced
cooling technologies and digital controls are enabling high performance within
restricted spaces. These innovations and features are appealing to industry
players.
Growing Processed Food Consumption
As lifestyles get busier, there has been a rise in consumption of packaged,
ready-to-eat and frozen food products needing cold storage. Countries like
China, India, Indonesia, Vietnam and Philippines have witnessed robust growth
in demand for frozen snacks, bakery items, ready meals and desserts. This surge
in processed food retail has boosted absorption of commercial refrigeration
across grocery stores, hypermarkets and food manufacturing plants. Strong
processed food sales support commercial refrigerator procurement.
Asia Pacific Commercial Refrigerators Increasing
Export Potential
With greater food safety focus worldwide, Asia Pacific countries have emerged
as reliable suppliers of seafood, meat, dairy and tropical fruits to global
markets. This has spurred exports which in turn require sophisticated cold
chain facilities and logistics. Countries are making strategic investments and
policy changes to boost their shares in global food trade. For instance, India
launched the ‘Operation Greens’ program to double horticulture exports by
developing integrated cold chain projects. Similar initiatives aimed at export
promotion are augmented commercial refrigerator uptake.
To conclude, factors such as rising foodservice footprint, growth in modern
retail, expansion of cold chains, stricter food regulations, product
innovations and increasing processed food and export volumes are fueling the Asia
Pacific commercial refrigerator growth.
The market is expected to witness rapid expansion over the coming years on
account of these prevailing demand drivers across key countries.
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Pacific Commercial Refrigerator
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Author:
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