Electric Chafing Dish Market Report Overview
The global electric chafing dish market size was USD 0.14 billion in 2024 and is projected to grow to USD 0.2 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period. Asia-Pacific holds leading position in electric chafing dish market share in 2023.
Electric chafing dishes are equipment that keeps food hot or cold for a sustainable time. It has unique features such as temperature control and removable trays that stay plugged into an outlet. The design of the electric dishes is carried into modern-day models by heating metal surfaces using electricity or gas so that heat doesn’t travel far before being transferred directly to dinner plates. A controlled temperature electric chafing dish is a product that maintains a constant cooking temperature after the heat source is turned off, used to keep cooked food warm for sustainable periods.
Controlled temperature makes it possible to use the dishes in various ways, including reheating the food that is prepared for a long time and is held at proper temperatures. These food items include microwaved meals and pre-cooked meals. These items are placed into holding cabinets after reaching the desired serving temperature before being inducted into the dishes to maintain the warmth of the meals. Thus, the innovative features of electric chafing dishes will drive market growth and revenue for the industry.
COVID-19 Impact: Rise in Usage of Home Appliances Boosted Market Growth
The global COVID-19 pandemic was unprecedented & staggering, with electric chafing dishes experiencing higher-than-anticipated demand across all regions compared to pre-pandemic times. The sudden spike in CAGR can be attributed to demand returning to pre-pandemic levels after the pandemic.
The rise in the use of home appliances due to lockdowns and movement restrictions by consumers boosted the market growth of the chafing dish industry exponentially. The increase in the use of cooking equipment and electric chafing dishes fueled the need for the product in developed regions such as North America and Europe and growing regions such as the Asia Pacific. The increased food consumption and demand for the dishes to preserve the food is the major driving factor of the industry, thus leading to massive profits and revenues for investors and manufacturers worldwide.
LATEST TRENDS
“Post-Pandemic Boom to Lead Market Growth and Share“
The post-pandemic demand for electric chafing dishes due to the resumption of economic and industrial activities and the restoration of supply chains are the driving factors of the market. The high consumer demand for the product due to regular habits for usage in developed regions such as North America and Europe are significant factors influencing the market growth. Along with this, decreasing inflation and a rise in the disposable incomes of consumers will lead to the product’s market growth.
Electric Chafing Dish Market Segmentation
- By Type
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The market is subcategorized based on types into controlled temperature and uncontrolled temperature.
- By Application
The market is subcategorized based on applications in dishes and soup.
DRIVING FACTORS
“Accelerating Demand by Hospitality Industry to Drive Market Growth“
The accelerating demand by hospitality industry sectors such as hotels and restaurants will drive the electric chafing dish market growth. The rise in tourist activity, increase in demand for ready-to-eat hot meals, and the rising product trend are the main factors driving the market growth. Additionally, the increasing demand by wholesalers and retailers for the product will cause an increase in the post-pandemic boom.
“Rise in Sustainability due to Advanced Technology Features to Spur Growth“
Electric chafing dishes are highly sustainable products to use as they use high-quality materials for more extended durability and performance of the product. The solid and durable materials keep the chafing dish hygienic, thereby increasing the product desirability and demand. The clean and durability factors, in turn, increase the presentation aspect of the product, which is helpful for the hospitality sector. Thus, these factors will drive the market growth collectively.
RESTRAINING FACTORS
“Detrimental Environment Effects to Impede Market Growth“
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Chafing dish fuel is harmful to the environment as the fumes released when burned cause air pollution. When chafing fuel is disposed of, it forms toxic waste, causing environmental degradation. Moreover, leftover gel or liquid fuel could leak and seep into the soil. Eventually, the poisonous energy can end up in drinking water, leading to widespread health problems. Millions of containers of chafing fuel being disposed of around the area will severely impact the environment. Therefore, these factors will impede market growth, leading to revenue loss for investors and manufacturers.
Electric Chafing Dish Market Regional Insights
“North America to Lead Market Share due to Expansion of Production Capacities“
The North American region will lead the electric chafing dish market share due to the rising production and manufacturing capacities of manufacturers in the area. The rise in post-pandemic demand, decreasing inflation, and resumption of industrial activities are the driving factors of production expansion and supply chain functioning restoration. The increase in production can be attributed to reducing raw material prices, leading to bulk purchases by industry players, thus driving end-consumer demand due to affordable prices of the product.
KEY INDUSTRIAL PLAYERS
“Key Players to Boost Market due to Technological Advancements“
The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. The report also includes research on companies, technical and environmental outcomes, and newly emerging industries’ impact and risks. The study considers all the points after a comprehensive analysis, thus generating future possibilities for the market. Therefore, the factors mentioned in the report are subject to change as the dynamics and situation of the market change. North America will lead the market share, with the U.S. leading the market growth.
LIST OF TOP ELECTRIC CHAFING DISH COMPANIES
- Hostess Trolley World (U.K.)
- J. S. International (U.S.)
- Elite (Morocco)
- Oster (U.S.)
- WARING (U.S.)
- Bella (China)
- SUNNEX (Sweden)
I”NDUSTRY DEVELOPMENT”
- August 2022: J.S. International, a leading manufacturer of home appliances, has announced its inclusion in the Hang Seng Sustainability Index, which came into force on 5th September. Sustainable corporate development and high operating standards are the factors behind the company’s inclusion in the index. The development has been accomplished in line with the U.N. Sustainable Development Goals. With this development, the company has moved closer to its aim of a carbon-neutral policy, leading to an increase in revenue from investors worldwide.
REPORT COVERAGE
The report examines elements that affect the demand & supply and estimates dynamic forces for the forecasted period. It also offers drivers, restraints, latest trends, and critical industrial developments. After evaluating the market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if leading players and analysis of market dynamics change. The information estimates the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation, market trends and latest worldwide developments, key industry mergers, and an analysis of the chafing dish industry’s risks.
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