Latin America Commercial Cooking Equipment Market

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Latin America Commercial Cooking Equipment Market by Product Type (Broilers, Grills and Griddles, Cook Chill Systems, Refrigerators, Ovens, Dishwashers and Others), by Size (Small-Scale Equipment, Medium-Scale Equipment and Large-Scale Equipment), and by End-User (Full-Service Restaurants, Quick Service Restaurants, Catering, Railway Dining, Resorts & Hotel, Hospitals and Others)- Opportunity Analysis and Industry Forecast, 2024– 2030

Industry: Retail and Consumer | Publish Date: 11-Feb-2025 | No of Pages: 113 | No. of Tables: 80 | No. of Figures: 45 | Format: PDF | Report Code : RC2944

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Latin America Commercial Cooking Equipment Market Overview

The Latin America Commercial Cooking Equipment Market size was valued at USD 417.6 million in 2023, and is predicted to reach USD 592.6 million by 2030, at a CAGR of 4.7% from 2024 to 2030. In terms of volume, the market size was 61 thousand units in 2023, and is projected to reach 109 thousand units by 2030, with a CAGR of 7.9% from 2024 to 2030.

Commercial cooking equipment encompasses a variety of appliances and tools crafted for professional kitchens in restaurants, hotels, and catering businesses. Designed for efficiency and safety, this equipment is built with durable materials to endure continuous use, reducing downtime and ensuring a seamless kitchen workflow. Modern designs emphasize energy efficiency, helping businesses lower utility costs and environmental impact. Investing in top-tier hospitality cooking equipment is essential for maintaining smooth operations, enhancing competitiveness, and boosting profitability in the food service industry.

Growing Hospitality Sector Drives the Growth of Latin America's Commercial Cooking Equipment Market

Latin America commercial cooking equipment market growth is thriving, propelled by the demand of the hospitality sector and the increasing construction of hotels and resorts. The planned Anantara Preá Ceará Resort in Brazil, slated to open in 2026, exemplifies this trend, reflecting a growing demand for well-equipped kitchens and dining facilities in new hospitality ventures.

As Brazil attracts more tourists for leisure and major events, such as the World Cup and Olympics, there is a heightened need for a diverse range of commercial equipment for cooking. This includes advanced stoves, ovens, refrigeration units, and food preparation appliances to cater to the varied culinary demands of guests and maintain service excellence.

 

Surge in Tourism Sector Boosts the Demand for Commercial Cooking Equipment

Numerous countries in Latin America, such as Argentina's hospitality industry is driving the adoption of advanced commercial cooking equipment market in Latin America to meet the diverse needs of its growing tourist influx. With 7.5 million tourists visiting in 2022, establishments are prioritizing modern kitchen technology to elevate guest experiences and stay competitive. 

This strategic investment ensures that hotels, restaurants, cafes, and catering services can deliver high-quality dining options that align with global standards. By embracing innovative cooking appliances, Argentina's hospitality sector enhances operational efficiency and customer satisfaction, reinforcing its position as a premier destination for culinary tourism.

 

Stringent Regulatory Requirements and Compliance Standards Hinder the Market Growth

Stringent regulatory requirements, such as the International Food Standards (IFS) and the Food Safety Modernization Act (FSMA), pose significant challenges for businesses investing in new food service equipment. These regulations, enforced by governmental agencies and industry associations, mandate specific protocols for food handling, storage, and preparation to ensure safety and compliance. 

Non-compliance can lead to penalties and reputational damage. Moreover, meeting emissions standards necessitates investments in ventilation and filtration systems, increasing complexity and costs. 

These regulatory burdens, combined with the financial strain of purchasing compliant equipment and ongoing maintenance, particularly impact small and medium-sized enterprises (SMEs). Ultimately, these challenges hinder the adoption of new cooking equipment, constraining the Latin America commercial cooking equipment market growth and expansion in the food service industry.

Integration Of Advanced Technologies in CCE Creates Future Market Prospects

Integration of advanced technologies like smart cooking appliances, IoT-enabled kitchen equipment, and automation solutions will drive increased demand for hospitality cooking equipment in forthcoming years.

These innovations enhance efficiency, productivity, and sustainability by enabling precise monitoring, real-time data analysis, and automation of repetitive tasks in food service operations. This integration not only optimizes cooking processes and improves food quality but also supports sustainable practices by reducing energy consumption and waste.

 

Competitive Landscape

The key market players operating in the Latin America commercial cooking equipment industry include Electrolux AB, Daikin Industries Ltd., Dover Corporation, Johnson Controls International PLC, Illinois Tool Works Inc., ITW Food Equipment Group, Garland Group, Hobart Corp, Ozti, Volza. and others.

Latin America Commercial Cooking Equipment Market Key Segments

By Product Type

  • Broilers

  • Grills and Griddles

  • Cook Chill Systems

  • Refrigerators

  • Ovens

  • Dishwashers

  • Others

By Size

  • Small-Scale Equipment

  • Medium-Scale Equipment

  • Large-Scale Equipment

By End-User Industry

  • Full-Service Restaurants

  • Quick Service Restaurants

  • Catering

  • Railway Dining

  • Resorts & Hote

  • Hospitals 

  • Others

Key Players

  • Electrolux AB

  • Daikin Industries Ltd.

  • Dover Corporation

  • Johnson Controls International PLC

  • Illinois Tool Works Inc.

  • ITW Food Equipment Group

  • Garland Group

  • Hobart Corp

  • Ozti

  • Volza

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 417.6 Million

Revenue Forecast in 2030

USD 592.6 Million

Growth Rate

CAGR of 4.7% from 2024 to 2030

Market Volume in 2023

61 thousand Units

Market Forecast in 2030

109 thousand Units

Volume Growth Rate

CAGR of 7.9% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Market Volume Estimation

Thousand Units

Growth Factors

  • Hospitality sector driving growth in Latin America's commercial cooking equipment market.

  • Growing tourism industry drives commercial cooking equipment demand.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

  • Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

 

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Frequently Asked Questions

The key players operating in the Latin America commercial cooking equipment market includes Electrolux AB, Daikin Industries Ltd., Dover Corporation, Johnson Controls International PLC, Illinois Tool Works Inc., ITW Food Equipment Group, Garland Group, Hobart Corp, Ozti, Volza. and others.

According to the Next Move Strategy Consulting, the size of the Latin America commercial cooking equipment market is estimated to reach USD 592.6 million by 2030, at a CAGR of 4.7% from 2024 to 2030.

Technologies such as smart appliances, IoT-enabled equipment, and automation solutions enhance operational efficiency, productivity, and sustainability in commercial kitchens, are influencing the Latin America commercial cooking equipment market.

Challenges in the Latin America commercial cooking equipment market include stringent regulatory requirements such as food safety standards and emissions regulations, which increase costs and complexity for equipment compliance.

The Latin America commercial cooking equipment market includes a range of products such as broilers, grills and griddles, cook chill systems, refrigerators, ovens, dishwashers, and others tailored for professional kitchens in various sectors including restaurants, hotels, and catering businesses.

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