Market Overview:
The global meal coolers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for processed food and rising awareness about food safety among consumers. In terms of type, the batch meal coolers segment is expected to dominate the market during the forecast period, owing to its low cost and easy installation. However, continuous meal coolers are expected to grow at a higher CAGR due to their ability to maintain product quality and reduce wastage.
Product Definition:
A meal cooler is a device used to keep food cold. It is important to keep food cold because bacteria can grow rapidly at temperatures above 40 degrees Fahrenheit.
Batch:
Batch is a meal-specific ingredient that helps in maintaining the temperature of the food and extending its shelf life. It also helps to reduce wastage as it has a better storage capacity than individual components. The major factor driving this market is increasing demand for meal kits from millennials, who are willing to pay premium prices for convenience foods. Moreover, consumers are shifting towards packaged meals due to busy lifestyles and hectic work schedules; which will drive the product demand over the forecast period.
Continuous:
Continuous is a type of air conditioning system that provides cooling and heating functions. It's major applications are in meal coolers, portable barbeque pits, food processors or meat grinders and electric smokers. Continuous air conditioner has an advantage over the batch systems as it can be used for multiple processes at the same time without any loss of efficiency. The continuous process also helps to keep the food warm if required which is not possible with a batch process owing to lack of capacity.
Application Insights:
The food industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The increasing number of restaurants, hotels and food chains across the globe is anticipated to drive demand for continuous flow coolers. In addition, batch chillers are being replaced with continuous flow chillers as they offer flexibility in terms of capacity selection, operating mode (batch or continuous), power requirements and space requirement.
Feed industry was one of the fastest-growing application segments owing to rapid industrialization & urbanization leading to an increase in livestock farming activities across developing countries such as India & China. Furthermore, rising awareness about feed additives that improve animal health & performance is projected to fuel product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of meal kit providers such as Blue Apron, Plated, and HelloFresh. These companies are focusing on increasing their customer base by providing convenient food solutions at affordable prices. The region is expected to maintain its dominance over the forecast period due to changing eating habits and rising obesity levels among people in developed economies including U.S., Canada, and Mexico. Consumers are looking for new ways to save time while still having access to healthy meals prepared by professionals every day without any extra effort or cost involved.
Asia Pacific is projected to be one of the fastest-growing markets during the forecast period owing with growing population coupled with rising disposable income especially in developing countries such as China and India will drive growth over this region’s lifetime cycle.
Growth Factors:
- Increasing demand for healthy and fresh food: The global population is growing at a fast pace and with it the demand for fresh, healthy, and affordable food. This is driving the growth of the meal cooler market as they offer a convenient way to store and transport food.
- Rising disposable income: A growing number of people are now able to afford high-quality, convenient products such as meal coolers. This is fueling the growth of the market as more people purchase these products.
- Growing awareness about health benefits: There has been a rise in awareness about the health benefits of eating fresh and healthy foods. This is driving consumers towards meal coolers as they offer an easy way to store and transport meals that are both healthy and delicious.
Scope Of The Report
Report Attributes
Report Details
Report Title
Meal Coolers Market Research Report
By Type
Batch, Continuous
By Application
Food Industry, Feed Industry
By Companies
Haarslev, Fjell Technology Group, TAÇ MAKİNA, Geelen Counterflow, Shandong Sensitar Machinery Manufacturing Co.,Ltd, Cynthia International, CONNECT Group, Jiangsu Sunrise Environmental Technology Co.,ltd, Zhejiang Longyuan Sifang Machinery Manufacture Co.,Ltd, Haarslev
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Meal Coolers Market Report Segments:
The global Meal Coolers market is segmented on the basis of:
Types
Batch, Continuous
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Feed Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haarslev
- Fjell Technology Group
- TAÇ MAKİNA
- Geelen Counterflow
- Shandong Sensitar Machinery Manufacturing Co.,Ltd
- Cynthia International
- CONNECT Group
- Jiangsu Sunrise Environmental Technology Co.,ltd
- Zhejiang Longyuan Sifang Machinery Manufacture Co.,Ltd
- Haarslev
Highlights of The Meal Coolers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Batch
- Continuous
- By Application:
- Food Industry
- Feed Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Meal Coolers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A meal cooler is a device that helps to keep food cold.
Some of the major companies in the meal coolers market are Haarslev, Fjell Technology Group, TA‡ MAKÄ°NA, Geelen Counterflow, Shandong Sensitar Machinery Manufacturing Co.,Ltd, Cynthia International, CONNECT Group, Jiangsu Sunrise Environmental Technology Co.,ltd, Zhejiang Longyuan Sifang Machinery Manufacture Co.,Ltd, Haarslev.
The meal coolers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Meal Coolers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Meal Coolers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Meal Coolers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Meal Coolers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Meal Coolers Market Size & Forecast, 2018-2028 4.5.1 Meal Coolers Market Size and Y-o-Y Growth 4.5.2 Meal Coolers Market Absolute $ Opportunity
Chapter 5 Global Meal Coolers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Meal Coolers Market Size Forecast by Type
5.2.1 Batch
5.2.2 Continuous
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Meal Coolers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Meal Coolers Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Feed Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Meal Coolers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Meal Coolers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Meal Coolers Analysis and Forecast
9.1 Introduction
9.2 North America Meal Coolers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Meal Coolers Market Size Forecast by Type
9.6.1 Batch
9.6.2 Continuous
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Meal Coolers Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Feed Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Meal Coolers Analysis and Forecast
10.1 Introduction
10.2 Europe Meal Coolers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Meal Coolers Market Size Forecast by Type
10.6.1 Batch
10.6.2 Continuous
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Meal Coolers Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Feed Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Meal Coolers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Meal Coolers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Meal Coolers Market Size Forecast by Type
11.6.1 Batch
11.6.2 Continuous
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Meal Coolers Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Feed Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Meal Coolers Analysis and Forecast
12.1 Introduction
12.2 Latin America Meal Coolers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Meal Coolers Market Size Forecast by Type
12.6.1 Batch
12.6.2 Continuous
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Meal Coolers Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Feed Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Meal Coolers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Meal Coolers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Meal Coolers Market Size Forecast by Type
13.6.1 Batch
13.6.2 Continuous
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Meal Coolers Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Feed Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Meal Coolers Market: Competitive Dashboard
14.2 Global Meal Coolers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haarslev
14.3.2 Fjell Technology Group
14.3.3 TAÇ MAKİNA
14.3.4 Geelen Counterflow
14.3.5 Shandong Sensitar Machinery Manufacturing Co.,Ltd
14.3.6 Cynthia International
14.3.7 CONNECT Group
14.3.8 Jiangsu Sunrise Environmental Technology Co.,ltd
14.3.9 Zhejiang Longyuan Sifang Machinery Manufacture Co.,Ltd
14.3.10 Haarslev