The global cryogenic freezer market is projected to reach $302.0 million by 2028, at a CAGR of 6.4% during 2023-2028. The growth of cryogenic freezer market is driven by expanding demand for frozen foods and increasing demand for these freezers in biotechnology and medical laboratories.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the cryogenic freezer market by product
type (tunnel freezers, IQF freezers, immersion freezers, spiral freezers,
impingement freezers, cryo-mechanical freezing, and sauce and pellet freezers),
end use industry (food & beverages, medical & health care,
pharmaceuticals, industrial, research institution, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the cryogenic freezer market?
Q.4 What are some
changing demands of customers in the cryogenic freezer market?
Q.5 What are the new
developments in the cryogenic freezer market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this cryogenic freezer area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this cryogenic freezer market?
Market Segmentation:
Based on product type,
the cryogenic freezer market is segmented into tunnel freezers, IQF freezers,
immersion freezers, spiral freezers, impingement freezers, cryo-mechanical
freezing, and sauce and pellet freezers. The tunnel freezer segment accounted
for the largest share of the market in 2023 and is expected to register the
highest CAGR during the forecast period, due to the significant use of this
freezer in food processing operation owing to its compact shape, rapid freezing
ability, and more effective chilling and preserving quality.
North America will
remain the largest region due to the enormous need for proper food preservation
technology, increasing demand for pluripotent stem cell cryopreservation, and
rapidly growing healthcare sector in the region.
Key Players in the
cryogenic freezer market are Arctiko, Thermo Fisher Scientific, Messer Group,
Russells Technical Products, Air Products & Chemicals, and Helmer
Scientific.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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