London, 25 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global food warming trays market 2015-2019, which is expected to grow at a CAGR of 6.28% during the forecast period of 2014-2019.
Warming trays are built with scratch-resistant stainless steel surfaces that are easy to clean. Vendors are also innovating so that products are multifunctional. For instance, Waring has enhanced its product line with a buffet server that has a warming tray.
“A large number of small-scale enterprises invest in warming trays that can accommodate various casseroles and warm a large quantity of food at once,” says Faisal Ghaus, Vice President of Technavio.
“Since the repeated warming of food can decrease its nutritional content, warming trays help to retain freshness while keeping food warm.”
Key Market Drivers
- Change in food habits and lifestyle
- Product innovations
- Collaborations between international and local players
- Influx of small independent food enterprises
Key Market Trends
- Growing urbanization
- Strong distribution channels
- Increasing penetration in emerging nations
Key Market Vendors
- Jarden Consumer Solutions
- BroilKing
- Toastess
- Waring
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
