According to the latest market research study by Technavio, the global food warming trays market is likely to grow at a CAGR of close to 11% during the estimated period 2017 to 2021.
This analysis by Technavio provides a detailed analysis of the global food warming trays market regarding revenue and developing market trends. The report also includes a newest analysis and forecasts for various market sectors and all geographical regions.
Technavio research analysts categorize the market based on the surface material
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Food warming trays by metal surface: The durability of metal warming trays will fuel the demand for these products in the global market. These metal trays mostly consist of stainless steel and aluminum materials. The increasing use of metal food warming tray in the foodservice industry will help in the growth of this market segment. Various restaurants, hotels, and catering companies are using these trays as it can withstand heavy-duty usage are durable and can efficiently transfer heat from the surface of warming tray to the serving pans and food items.
“These metal trays are designed aesthetically, which blends well with most of the other food serving equipment and utensils in commercial kitchens. The trays that are made of aluminum are lightweight and easy to manoeuver. There are trays with chaffing pans that are mounted on the warming tray and are used for the buffet services by foodservice establishments and residential usage thereby resulting in increased revenues,” says Manu Gupta, lead analyst at Technavio for research on food service.
Food warming trays by glass surface: The availability of glass food warming trays with thermostatic controls so that food can be warmed at a specific temperature will propel the growth of this market segment. This equipment is primarily used to display the hors d’oeuvre appetizers, which are served before the meal and for serving warm kebabs, egg rolls, and other baked food items. The vendors in the market are launching trays of different sizes and that are made of hardened, tempered glass, which gives it enough durability for light duty usage. The key players in this market segment include Hatco, Chefman, Spring USA, and NutriChef.
Food warming trays by stone surface: The popularity of stone warming food trays is attributed to its feature as a heating source that enables even heat distribution on the stone surface. These trays are made up of the stone surface that creates a good display for serving egg rolls, fried shrimp and other appetizers in the buffet line, or self-service areas. These products are available as countertop models in rectangular and round shape.
The top retailers operating in the global food warming trays market are:
- Cadco
- Hatco
- Jarden Consumer Solutions
- The Vollrath Company
- Waring
The other prominent vendors in the market consist of Tomlinson Industries, Toastess, Nostalgia Products, Spring USA, Brentwood Appliances, and Giles & Posner.
A more comprehensive analysis is available in the Technavio report titled, ‘Global Food Warming Trays Market 2017-2021’. Technavio also customizes reports by other regions and specific sectors upon request.
Other related reports:
- Global Egg Tray Market 2017-2021
- Global Foodservice Disposable Market 2017-2021
- Global Food and Beverage Packaging Machinery Market 2016-2020
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