India Commercial Food And Biomedical Refrigerators & Freezers Market Size & Outlook
India commercial food and biomedical refrigerators & freezers market, 2018-2030 (US$M)
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India commercial food and biomedical refrigerators & freezers market highlights
- The India commercial food and biomedical refrigerators & freezers market generated a revenue of USD 1,102.4 million in 2023 and is expected to reach USD 1,921.3 million by 2030.
- The India market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, food sector was the largest revenue generating offering in 2023.
- Biomedical Sector is the most lucrative offering segment registering the fastest growth during the forecast period.
Commercial food and biomedical refrigerators & freezers market data book summary
| Market revenue in 2023 | USD 1,102.4 million |
| Market revenue in 2030 | USD 1,921.3 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Food sector |
| Fastest growing segment | Biomedical Sector |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food Sector, Biomedical Sector |
| Key market players worldwide | Angelantoni Life Science, Blue Star, Eppendorf, Haier Biomedical, Helmer Scientific, Liebherr Group, Nuaire, PHC Holdings Corp, Terumo Corp, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, India accounted for 3.0% of the global commercial food and biomedical refrigerators & freezers market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China commercial food and biomedical refrigerators & freezers market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,921.3 million by 2030.
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Commercial Food and Biomedical Refrigerators & Freezers Market Scope
Commercial Food and Biomedical Refrigerators & Freezers Market Companies
| Name | Profile | # Employees | HQ | Website |
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India commercial food and biomedical refrigerators & freezers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial food and biomedical refrigerators & freezers market will help companies and investors design strategic landscapes.
Food sector was the largest segment with a revenue share of 71.62% in 2023. Horizon Databook has segmented the India commercial food and biomedical refrigerators & freezers market based on food sector, biomedical sector covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid urbanization and a growing middle class are increasing the demand for processed and frozen foods, boosting the need for commercial refrigeration. The expanding organized retail sector, including supermarkets and convenience stores, is a major driver of market growth.
India's growing healthcare system and pharmaceutical industry are driving the demand for biomedical refrigeration equipment. The government's focus on reducing food waste and improving the cold chain is encouraging investment in advanced refrigeration technologies.
The country's large food processing industry requires sophisticated refrigeration solutions. The rise of online food delivery services and cloud kitchens is creating new market opportunities. India's hot climate necessitates reliable refrigeration across various industries.
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Target buyers of India commercial food and biomedical refrigerators & freezers market databook
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Our clientele includes a mix of commercial food and biomedical refrigerators & freezers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India commercial food and biomedical refrigerators & freezers market , including forecasts for subscribers. This country databook contains high-level insights into India commercial food and biomedical refrigerators & freezers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India commercial food and biomedical refrigerators & freezers market size, by offering, 2018-2030 (US$M)
India Commercial Food and Biomedical Refrigerators & Freezers Market Outlook Share, 2023 & 2030 (US$M)
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