Commercial Kettles and Braising Pans Market To Reach USD 135.9 Billion By 2032, Says DataHorizzon Research

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The commercial kettles and braising pans market size was valued at USD 54.1 Billion in 2023 and is expected to reach a market size of USD 135.9 Billion by 2032 at a CAGR of 10.8%.

Fort Collins, Colorado, May 08, 2024 (GLOBE NEWSWIRE) —

Growth in the number of hotels and restaurants drives the demand for commercial kettles and braising pans.

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The rise in the food service industry is a significant catalyst for the commercial kettles and braising pans market. With an increasing number of restaurants, cafes, and other food service establishments emerging, there’s a growing demand for commercial cooking equipment, including kettles and braising pans. Furthermore, the surging popularity of food delivery services and cloud kitchens amplifies the need for efficient and adaptable cooking equipment.

Technological advancements and product innovations are driving the growth of commercial kettles and braising pans in the market. Manufacturers are integrating advanced features such as programmable controls, energy-efficient heating systems, and enhanced safety features to elevate these appliances’ functionality and user experience. For example, the Energy Star program by the U.S. Department of Energy has certified numerous models of commercial kettles and braising pans for their energy efficiency, offering significant cost savings for food service businesses. Additionally, the emergence of multi-functional appliances capable of performing various cooking tasks like steaming, boiling, and braising appeals to customers seeking versatile and space-saving equipment. 

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Segmentation Overview:

The commercial kettles and braising pans market has been segmented into type, application, and region.

Restaurants accounted for a significant market share in 2023.

  • The commercial kettles and braising pans market is segmented based on application into restaurants, and hotels. Restaurants hold a substantial share of the application segment due to the high demand for efficient and versatile cooking equipment in the food service industry. 

Commercial kettles registered a massive growth in 2023.

  • The commercial kettles and braising pans market is segmented by type into commercial kettles and commercial braising pans. Commercial kettles hold a significant share of the type segment because they have a more comprehensive range of applications in various food service establishments, including restaurants, cafeterias, and institutional kitchens. 

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Commercial Kettles and Braising Pans Market Report Highlights:

  • The commercial kettles and braising pans market growth is anticipated at a CAGR of 10.8% by 2032.
  • Growing demand for energy-efficient and sustainable equipment is expected to drive the market growth during the forecast period.
  • The demand for commercial kettles and braising pans in Asia Pacific is expected to grow significantly during the forecast period. 
  • Some prominent players in the commercial kettles and braising pans market report include Dover Corporation, Illinois Tool Works, Middleby Corporation, Welbilt, Inc., Electrolux, Standex International Corporation, Ali Group S.r.l., Henny Penny Corporation, Rational AG, Firex S.r.l., Nilma S.p.A., Sammic S.L.

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About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

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Mail: [email protected]

Ph: +1-970-672-0390

Website: https://datahorizzonresearch.com/

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