Commercial Electric Food Steamer Market Analysis and Latest Trends
A commercial electric food steamer is a kitchen appliance that is used to cook food using steam heat. It is commonly used in commercial kitchens, such as restaurants, hotels, and catering services, to prepare a variety of dishes, including vegetables, fish, meat, and poultry. It offers a healthier cooking method as it helps to retain the nutrients and flavors of the food.
The commercial electric food steamer market is expected to witness significant growth in the coming years. The increasing awareness about healthy eating habits and the growing demand for nutritious food is one of the key factors contributing to market growth. Health-conscious consumers are increasingly opting for steamed food, which is driving the demand for commercial electric food steamers. Additionally, the ease of operation, time-saving benefits, and energy efficiency offered by commercial electric food steamers are further fueling their adoption in the foodservice industry.
Another trend in the commercial electric food steamer market is the integration of advanced technologies and features. Manufacturers are incorporating features like programmable timers, multi-functionality, and automated operations to enhance the cooking experience and improve efficiency. Moreover, smartphone connectivity is also being integrated to control and monitor the cooking process remotely.
The rising number of commercial kitchens, particularly in developing economies, is also contributing to the market growth. The growing popularity of steam cooking methods, coupled with the increasing focus on energy-efficient appliances, is expected to further drive the demand for commercial electric food steamers in the coming years.
Overall, the commercial electric food steamer market is expected to experience steady growth during the forecast period due to the increasing demand for healthy cooking methods and the advancements in technology. The market is projected to grow at a CAGR of 4.10% during this period.
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Commercial Electric Food Steamer Major Market Players
The commercial electric food steamer market is highly competitive, with several key players dominating the industry. Some of the prominent companies in this market include Rational AG, ITW Food Equipment Group LLC, Middleby, Cleveland Range (Welbilt), A. J. Antunes & Co., Chigo, Unified Brands, Inc. (Dover), GIORIK SPA, AccuTemp Products, Inc, Konka, and Lecon.
Rational AG is one of the leading players in the commercial electric food steamer market. The company offers a wide range of steaming equipment, which is known for its high-quality, innovative features, and energy efficiency. Rational AG has experienced significant market growth due to its focus on product development and expanding its presence in emerging markets. The company has reported sales revenue of around $785 million in 2020 and is expected to continue its positive growth trajectory in the coming years.
ITW Food Equipment Group LLC is another major player in the commercial electric food steamer market. The company offers a comprehensive range of food steaming equipment under various brands, including Hobart, Vulcan, and Berkel. ITW Food Equipment Group LLC has a global presence and has been focusing on strategic acquisitions to expand its product portfolio and market reach. The company reported sales revenue of approximately $3.6 billion in 2020, reflecting its strong position in the market.
Middleby Corporation is a leading manufacturer of commercial food steaming equipment. The company has a diverse product portfolio, including innovative steaming solutions for various foodservice establishments. Middleby has been experiencing steady growth in the market, driven by its strong customer relationships and continuous investment in research and development. The sales revenue of Middleby Corporation was around $2.5 billion in 2020, and the company is expected to witness further growth in the future.
In terms of future growth and market size, the commercial electric food steamer market is projected to expand significantly in the coming years. The increasing demand for energy-efficient and sustainable food steaming solutions, coupled with the rising popularity of steamed food, is driving market growth. Moreover, the growing number of foodservice establishments, especially in developing economies, is expected to create lucrative opportunities for market players. It is estimated that the global commercial electric food steamer market will reach a value of over $1.5 billion by 2027.
Overall, the commercial electric food steamer market is highly competitive, with key players like Rational AG, ITW Food Equipment Group LLC, and Middleby leading the industry. These companies have shown significant market growth, and their focus on product innovation, expansion in emerging markets, and strategic acquisitions have contributed to their success. With the rising demand for energy-efficient and innovative food steaming solutions, the market is expected to witness substantial growth in the coming years.
What Are The Key Opportunities For Commercial Electric Food Steamer Manufacturers?
The commercial electric food steamer market is experiencing significant growth due to the increasing demand for efficient and convenient food preparation solutions in restaurants, hotels, and other food service establishments. This growth is driven by several factors, including the rising preference for healthy steamed foods, the need to save energy and time during cooking processes, and the availability of advanced steam cooking technologies. Additionally, the market is expected to witness further growth in the coming years, influenced by the expanding foodservice industry and the continuous product innovations by manufacturers to meet the evolving consumer preferences and demands.
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Market Segmentation
The Commercial Electric Food Steamer Market Analysis by types is segmented into: