Latin America Commercial Food And Biomedical Refrigerators & Freezers Market Size & Outlook
Latin America commercial food and biomedical refrigerators & freezers market, 2018-2030 (US$M)
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Latin America commercial food and biomedical refrigerators & freezers market highlights
- The Latin America commercial food and biomedical refrigerators & freezers market generated a revenue of USD 1,563.2 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,563.2 million |
| Market revenue in 2030 | USD 2,461.1 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Food sector |
| Fastest growing segment | Biomedical Sector |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 4.3% of the global commercial food and biomedical refrigerators & freezers market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,258.5 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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Latin America 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 71.74% in 2023. Horizon Databook has segmented the Latin America 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 region's expanding organized retail sector, including supermarket chains and convenience stores, is a significant driver of market growth.
Latin America's improving healthcare infrastructure is driving the demand for biomedical refrigeration equipment. The region's large food processing industry, particularly in countries such as Brazil and Mexico, requires advanced refrigeration solutions.
The growing tourism industry across Latin America is boosting demand in the hospitality sector. Increasing awareness of food safety is encouraging businesses to invest in better storage solutions. The rise of international quick-service restaurant chains across the region is contributing to market expansion.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America commercial food and biomedical refrigerators & freezers market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America commercial food and biomedical refrigerators & freezers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America commercial food and biomedical refrigerators & freezers market size, by country, 2018-2030 (US$M)
Latin America Commercial Food and Biomedical Refrigerators & Freezers Market Outlook Share, 2023 & 2030 (US$M)
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