Uploaded on Aug 25, 2022
Middle East and Africa commercial refrigeration equipment market
Middle East and Africa commercial refrigeration equipment market
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Growing Popularity of Ready-To-
Eat Foods Propelling Demand for
Commercial Refrigeration
Equipment in Middle East and
Africa
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The burgeoning requirement for beverages, frozen foods, and ready-to-eat food items is fueling the sales of commercial
refrigeration equipment in the Middle East and Africa (MEA) region. In addition to this, the surging disposable income of
the people residing in these countries and the growing popularity of western lifestyles are boosting the consumption of
ready-to-eat food items and frozen foods, especially among the middle-class people of the developing nations such as
Oman, Egypt, and the U.A.E.
This rapidly changing food consumption trend is being caused due to the expansion of food and restaurant chains,
hypermarkets, and supermarkets in the region. The increasing number of restaurants and food outlets is making the
unorganized restaurant owners and small grocery retailers upgrade their facilities and infrastructure with various
advanced electronic appliances such as commercial refrigeration systems. Moreover, this trend is offering numerous
lucrative growth opportunities to new retail outlets and restaurants.
The expansion of the retail industry, especially in the Middle East region, on account of the soaring investments being
made in infrastructural development and construction activities, the acquisition of new brands, and development of strong
digital platforms is also propelling the demand for commercial refrigeration equipment in the MEA region. Qatar, the
U.A.E., and Saudi Arabia are predicted to witness huge growth in the organized retail sector in the coming years.
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Due to the aforementioned factors, the sales of commercial refrigeration equipment are predicted to climb in the MEA
region in the forthcoming years. This will fuel the boom of the
Middle East and Africa commercial refrigeration equipment market. As a result, the revenue of the market is
predicted to grow from $3.1 billion in 2017 to $4.8 billion by 2023. Furthermore, the market is predicted to advance at a
CAGR of 7.6% from 2018 to 2023.
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When application is taken into consideration, the MEA commercial refrigeration equipment market is divided into food & beverage
retail, food & beverage distribution, and food service categories. Amongst these, the food & beverage retail category recorded
huge expansion in the market in the past, as per the market research company, P&S Intelligence. Moreover, this category will
demonstrate rapid advancement in the market in the future, due to the rising popularity of ready-to-eat food items and fast
foods in the region.
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Apart from the aforementioned factors, the increasing tourism and the several major events being announced in the region such
as the 2022 FIFA World Cup in Qatar and the World Expo 2020 in the U.A.E are also fueling the growth of the food and beverage
retail category in the MEA commercial refrigeration equipment market. Additionally, these major events are predicted to boost
the requirement for food and beverage retail in the GCC (Gulf Cooperation Council) countries in the coming years.
Hence, it can be said with confidence that the demand for commercial refrigeration equipment would surge in the region in the
forthcoming years, mainly because of the rising popularity of ready-to-eat foods and the increasing tourism in the region.
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Market Segmentation
• Market Segmentation by Equipment Type • Market Segmentation by End-User
Beverage Refrigeration Supermarkets
Walk-in Coolers Hotels/ Restaurants & Catering
Transportation Refrigeration Equipment Hypermarkets
Parts Convenience Stores
Display Cases E-commerce
Ice Making Machineries Others (hospitals; educational institutions; large
pharmaceutical stores; and medical and life sciences)
Other Equipment (vending machines, cryogenic
equipment, and liquid chiller)
• Market Segmentation by Application
Food Service
Food and Beverage Distribution
Food and Beverage Retail
Others (pharmacy refrigeration, genetic preservation,
medical diagnostic applications)
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Market Segmentation
• Market Segmentation by Geography Egypt Commercial Refrigeration Equipment Market
Saudi Arabia Commercial Refrigeration Equipment Market o By equipment type
o By equipment type o By application
o By application o By end-user
o By end-user Rest of MEA Commercial Refrigeration Equipment Market
South Africa Commercial Refrigeration Equipment Market o By equipment type
o By equipment type o By application
o By application o By end-user
o By end-user
U.A.E. Commercial Refrigeration Equipment Market
o By equipment type
o By application
o By end-user
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