Sous vide machines, associated with expert chefs, are gaining appeal because of their smart functions and promise of precise, hands-free cooking. These appliances, also known as immersion circulators and sous vide cookers, work by heating a water bath to the correct temperature and then maintaining it so the water can slowly cook sealed and submerged meals to the ideal doneness. The rise in the number of people opting for a healthy diet in developed countries is a key driver driving market expansion.
Data Bridge Market Research analyses that the commercial sous vide machine market is expected to reach the value of USD 386.31 million by 2030, at a CAGR of 5.9% during the forecast period.
Market Definition
Sous vide, often known as low-temperature, long-time cooking is a cooking technique in which food is cooked in a water bath for a lengthier period of time than usual (typically one to seven hours, but occasionally up to 72 hours or more) at a precisely controlled temperature.
The temperature is substantially lower than what is commonly used to prepare food; for red meat, it is often between 55 and 60 °C (130 and 140 °F), for chicken, between 66 and 71 °C (150 and 160 °F), and for vegetables, it is higher. The main function of sous vide is to cook the dish evenly, ensuring that the inside is fully cooked while not overcooking the outside, and to keep the moisture locked.
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Competitive Landscape and Europe Commercial Sous Vide Machine Market Share Analysis
The commercial sous vide machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus on the commercial sous vide machine market.
Some of the major players operating in the market are Sammic S.L., Eades Appliance Technology LLC., oliso, The Vollrath Co., LLC, Anova Applied Electronics, Inc., Besser Vacuum Srl, Buffalo., Mish Horeca Services, Breville Group Limited, Hamilton Beach Brands Holding Company, Yedi Houseware among others.
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Europe Commercial Sous Vide Machine Market Regional Analysis/Insights
The commercial sous vide machine market is analyzed and market size insights and trends are provided by country on product, capacity, packaging, application, end use, and distribution channel as referenced above.
The countries covered in the commercial sous vide machine market report are Germany, United Kingdom, Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Turkey, Rest of Europe.
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In Europe, the U.K is expected to dominate the market due to the wide application of commercial sous vide machines in food service industries.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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RESTRAINTS/CHALLENGES
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Price Competition for Suppliers to Deal with The Existing Players in The Commercial Sous Vide Machine Market
The sous vide machine market has very high bargaining power held with the suppliers with less with the manufacturer as the entry to barriers in the sous vide machine market is very less as the industry of commercial sous vide machine has a large number of players offering different products with different price ranges.
This creates an opportunity for consumers in different segments such as HORECA, catering, canteens, hospitals, and others to choose from various options but creates a challenge for the manufacturer to deal with the existing players in the sous vide machine market. The rise in the number of local players in the manufacturing of sous vide machines has increased the option for the suppliers to get a quote for more than one manufacturer, which is creating a loss for the manufacturers leading to the exit of small players from the sous vide machine market. These factors lead to fluctuation in the price of equipment affecting the market of commercial sous vide machines.
The fluctuations in price, which are leading to price competition among the supplier, are due to exchange rate and interest rates of the machines in the case of heavy machinery such as high water heating water tanks, which are not accessible to all. So, it is important to tackle the factors that are causing an imbalance between the demand and supply of machines creating price competition for suppliers as existing players are unable to reduce the cost associated with manufacturing.
Thus, the price competition of suppliers is facing a challenge for the growth of sous vide machines in the market, creating a problem for existing players as well, especially for small and medium enterprises
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