LONDON--(EON: Enhanced Online News)--Technavio market research analysts forecast the global commercial soup warmer market to grow at a CAGR of more than 6% during the forecast period, according to their latest report.
“The continuous growth of food service establishments around the world that are serving various kinds of soups in their menu is directly influencing the sale of new units of commercial soup warmers”
The market study covers the present scenario and growth prospects of the global commercial soup warmer market for 2017-2021. The report also lists countertop soup warmers, and drop-in soup warmers as the two major product segments, of which the countertop soup warmer segment accounted for close to 58% of the market share in 2016.
According to Manu Gupta, a lead analyst at Technavio for food research, “The growth in demand for soup warmers can be attributed to the increased emphasis on keeping food items such as soups, broths, sauces, and gravies at a safe temperature, which is above the HACCP danger zone. End-users around the world are looking to procure soup warmers that keep the soups at an optimum temperature while serving so that contamination does not occur.”
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Technavio food and beverage analysts highlight the following three market drivers that are contributing to the growth of the global commercial soup warmer market:
- Improved sensors and controls
- Increase in number of food service establishments serving soup
- Increasing focus on keeping food at safe temperatures
Improved sensors and controls
The vendors of commercial soup warmers are providing equipment with various sensors and controls, which can ensure the consistency and quality of the food items served. For instance, CookTek offers induction soup warmers with spring-loaded sealed temperature sensors, which are in direct contact with the soup insets. These sensors provide an accurate temperature control when the soup inset is nearly empty, which minimizes the burning of food.
In addition to this, the soup warmers are also provided with sensors that can measure the difference in food temperatures and trigger the “stir” indicator, which informs the operators to stir the food item. For instance, The Vollrath Company provides induction re-thermalizers with sensors that give instruction to the operator to stir the liquid. The increase in demand for this equipment will directly propel market growth during the forecast period.
Increase in number of food service establishments serving soup
“The continuous growth of food service establishments around the world that are serving various kinds of soups in their menu is directly influencing the sale of new units of commercial soup warmers,” says Manu.
Various restaurants, cafés, and hotels are looking to expand their presence around the world, especially in developing economies. For instance, in 2016, Au Bon Pain, which offers numerous types of soups in their menu offerings opened 14 new restaurants in India. The company has plans to expand extensively by adding more than 300 new restaurants in India during the forecast period.
Increasing focus on keeping food at safe temperatures
Food service establishments around the world are focusing more on providing food items that are safe to serve to the consumers by warming food items at the optimum temperature. Therefore, the establishments that serve soups in their menu offerings are also looking to procure soup warmers that can keep the soup temperature above the HACCP danger zone. The Hazard Analysis and Critical Control Point (HACCP) danger zone is the temperature range between 41°F and 135°F. For instance, Atosa Catering Equipment provides soup warmer model AT51388, which has a temperature control between the range of 105°F and 195°F. Similarly, Admiral Craft Equipment provides the soup warmer model SK-500W, with warming temperature range between 80°F and 200°F.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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