Growing F&B Sector Driving LATAM Commercial Refrigeration Equipment Market
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Due to the growth in the food and beverage industry, because of the rising demand for ready-to-eat products and surging export of frozen foods, and recovery in the hospitality sector in Latin America (LATAM), the demand for refrigeration equipment is rising here for commercial purposes.
Walk-in coolers, transportation refrigeration equipment, display cases, beverage refrigeration, parts, and ice making machinery are the categories under the equipment type segment. During the historical period (2013–2017), the walk-in coolers category held the largest share due to the increasing demand for such systems in the regional food and beverage sector. The fastest growth in the LATAM commercial refrigeration equipment market will be experienced by the ice making machinery category during the forecast period owing to the rising demand for such equipment from grocery stores for poultry, meat, and fish preservation.