Global Demand for Spiral Freezer Market Size Will Attain USD 17.1 Billion by 2030 Growing at 8.1% CAGR

NEW YORK, United States, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “ Spiral Freezer Market By Type (Small Capacity, Medium Capacity, And Large Capacity), By Application (Seafood & Fish, Meat Processing, And Bakery Products), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030 ” in its research database.

“According to the latest research study, the global spiral freezer market size was valued at around USD 10.1 billion in 2022. The market is expected to grow above a CAGR of 8.1% and is anticipated to reach over USD 17.1 billion by 2030.”

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Spiral Freezer Market Overview:

In the food industry, spiral freezers are versatile systems used for swiftly cooling and freezing food products. Apparently, the culinary products can be frozen individually or in bulk. Components used in these adaptable systems must be extremely robust, able to withstand a wide temperature range and a high level of mechanical stress. Mechanical conveyor systems are used to operate the spiral freezer, and access to its components is made possible by the reduction in space required across the belt.

Key Insights from Primary Research

Competitive Players:

The report contains qualitative and quantitative research on the global spiral freezer market, as well as detailed insights and development strategies employed by the leading competitors.

Some of the main players in the global spiral freezer market include;

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Spiral Freezer Market: Growth Factors

The expansion of the global spiral freezer market is anticipated to be augmented by the rising demand for high-quality goods. In addition, the need for increased freezing capacity, the ability to produce vast quantities of frozen products, and the rising demand for dependability in extreme climatic conditions will contribute to the expansion of the global market. In addition, the requirement for minimal maintenance will provide the impetus for the global expansion of the market.

Moreover, food must be chilled rapidly; consequently, the spiral freezer is in high demand. In addition, these products are energy-efficient and aid in the short-term preservation of food. Global demand for seasonal commodities, such as seasonal fruits and vegetables, will fuel the expansion of the spiral freezer market. Global market trends will be determined by the expanding use of products in households and industries. Growing consumer expenditures on processed foods and an enormous demand for preserving food products in developing nations will expand the market's potential.

Spiral Freezer Market: Restraints

Implementation of stringent food and beverage laws can hinder the expansion of the global spiral freezer market. In addition, the spiral freezer's production will be impeded by the astronomical costs of basic materials.

Spiral Freezer Market: Segmentation

The global spiral freezer market is sectored into type, application, and region.

In terms of type, the global spiral freezer market is divided into the medium capacity, small capacity, and large capacity segments. Furthermore, the small capacity segment, which accounted for more than 75% of the global market share in 2022, is slated to contribute to the major market share over 2023-2030.

On basis of the application, the global spiral freezer industry is sectored into seafood & fish, meat processing, and bakery products segments. The bakery products segment is anticipated to record the highest CAGR over the forecast timeline.

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Regional Analysis :

North America, which had 28% of the worldwide spiral freezer market revenue in 2022, is expected to lead regional market growth. The regional market boom over 2023-2030 may be driven by rising spiral freezer demand in food processing countries like Canada and the U.S. The regional market will also be affected by rising sales of frozen pastry items like cookies and pies.

However, the European spiral freezer business is expected to grow 11.1% fastest. The regional market may grow during the projection timeframe due to more supermarkets, fast food chains, and hotels in Europe. Additionally, large companies on the continent will boost regional market growth.

Report Scope:

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Recent Industry Developments:

The global spiral freezer market is segmented as follows:

By Type

By Application

By Region

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North American spiral freezer market will dominate revenue from 2023-2030 Report Attribute Report Details