Demand for Commercial Refrigeration Equipment in MEA

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.

Get More Insights: Middle East and Africa Commercial Refrigeration Equipment Market Revenue Estimation and Growth Forecast Report

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.

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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