March 30, 2021
According to the recent research report titled ‘Europe Blast Chillers Market Size By Application, By Product, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report, Europe blast chillers market is projected to record a considerable growth during 2020-2026.
Strict food safety regulations imposed by the government is primarily driving Europe blast chillers market growth. The European government has established industry associations and relevant regulatory bodies ensure the protection and edibility of food consumed in restaurants and hotels.
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Blast chillers are basically freezing equipment used to chill food while preserving its consistency and nutritional value.
According to a study released by the World Health Organization (WHO) in June 2019, contaminated food causes more than 23 million people in Europe to become ill each year. Thus, increased pervasiveness of food contamination is also fueling the overall market size.
Considering the recent events, rapid spread of the COVID-19 virus in countries such as France, Italy, and the United Kingdom, further affecting the economic conditions of Europe, which in turn is hampering the demand for blast chillers.
Additionally, the lack of raw materials amidst the COVID-19 outbreak has also had a negative effect on the manufacturing sector in the region, further resulting in arrested growth of Europe blast chillers industry.
It is worth noting there that hotels and restaurants require blast chillers to store large quantities of food and beverages to meet customer demand during peak hours. Thus, rapid expansion of hotel chains, predominately in Russia, the United Kingdom, and France is likely to contribute towards Europe blast chillers market outlook.
The report states that the hotel and restaurant industry in Russia has experienced rapid growth over the last two years. Citing an instance, Wyndham Resorts & Hotels announced in December 2019 that it plans to expand its geographical footprint by opening 15 hotels in Russia and its neighboring countries by 2021, thus further adding to the product penetration.
Established players impacting Europe blast chillers market trends are Williams Refrigeration, Victory Refrigeration LLC, Traulsen & Co. Inc., Tecnomac (Ali Group), SMEG S.p.A., RETIGO s.r.o., Master-Bilt Products, Irinox S. p. A., Infrico S L, Hobart Dayton Mexicana S.A. De C.V., Fulgor Milano, Friginox, Electrolux, American Panel Corporation, and Alto Shaam Inc.