Product Code: GVR-4-68040-409-3
The global commercial food and biomedical refrigerators and freezers market size was valued at USD 42.2 billion in 2025 and is projected to grow from USD 44.9 billion in 2026 to USD 69.5 billion by 2033, at a CAGR of 6.5% from 2026 to 2033. North America dominated the market, accounting for a revenue share of 32.0% in 2025. The growth of the market can be attributed to the increasing demand for food & beverages, coupled with the rising preference for online grocery shopping in line with the growing e-commerce. The increasing need for robust and efficient refrigeration systems for biomedical applications requiring effective storage of biological products, vaccines, DNA samples, blood samples, organs, and tissues, among others, is also contributing to the growth of the market.
The growth of the industry is largely influenced by technological advancements, including innovative features and eco-friendly refrigerants. For instance, in March 2026, Korea Cryogenics Co., Ltd., announced its plan to introduce the Revolution Series of premium cryogenic freezers by IC Biomedical in KOREA PHARM & BIO 2026, hosted at KINTEX (Korea International Exhibition Center), Ilsan. The newly developed series by IC Biomedical features a design optimized for data integrity and FDA 21 CFR Part 11 electronic records requirements-compliant products.
Market expansion in the biomedical segment is majorly stimulated by the rapid development of new biopharmaceuticals, including gene therapies, vaccines, and protein-based drugs. These products often require precise temperature control to retain efficacy and prevent degradation, fueling the demand for specialized storage solutions. Moreover, the global increase in the number of clinical trials testing new biopharmaceuticals necessitates robust refrigeration and freezing equipment to store research samples, vaccines, and investigational drugs at controlled temperatures. In addition, favorable government initiatives supporting clinical trials are positively influencing the market.
Increasing government and private investments into the development of healthcare infrastructure, including hospitals, clinics, and research facilities, are creating significant demand for biomedical refrigerators and freezers to store critical medical supplies. Furthermore, rising demand for personalized medicine, which provides treatments to individual patients, requires specialized biomedical freezers with ultra-low temperatures to store biological samples, such as tissue and genetic material, which is expected to create numerous growth avenues for the market in the coming years.
Commercial Food And Biomedical Refrigerators And Freezers Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has further segmented the global commercial food and biomedical refrigerators and freezers market report based on offering, end use, capacity, distribution channel, and region:
- Offering Outlook (Revenue, USD Billion, 2021 - 2033)
Food Sector
- Refrigerators
- Walk-in Refrigerators
- Reach-in Refrigerators
- Display Refrigerators
- Undercounter Refrigerators
- Blast Chillers
- Freezers
- Walk-in Freezers
- Reach-in Freezers
- Display Freezers
- Chest Freezers
- Undercounter freezers
Biomedical Sector
- Refrigerators
- Blood bank Refrigerators
- Laboratory /Pharmacy/Medical Refrigerators
- Freezers
- Shock Freezers
- Plasma Freezers
- Ultra-low-temperature (ULT) Freezers
- Laboratory /Pharmacy/Medical Freezers
- End Use Outlook (Revenue, USD Billion, 2021 - 2033)
Hospitality
- Hotels & Resorts
- Restaurants
- Others
Food & Beverage Retail
- Hypermarkets & Supermarkets
- Convenience Store
- Specialty Food Store
- Grocery Store
Healthcare & Lifesciences
- Hospitals
- Research Laboratories
- Diagnostic Centers
- Blood Banks
- Others
Pharmaceuticals
Chemicals
Others
- Capacity Outlook (Revenue, USD Billion, 2021 - 2033)
Small (up to 50 Liters)
Medium (51 to 300 Liters)
Large (Above 300 Liters)
- Distribution Channel Outlook (Revenue, USD Billion, 2021 - 2033)
Distributors and Wholesalers
Retailers
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
North America
Europe
- Germany
- UK
- France
- Italy
- Spain
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
Latin America
Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Commercial Food and Biomedical Refrigerators & Freezers Market Snapshot
- 2.2. Commercial Food and Biomedical Refrigerators & Freezers Market: Segment Snapshot (1/2)
- 2.3. Commercial Food and Biomedical Refrigerators & Freezers Market: Segment Snapshot (2/2)
- 2.4. Commercial Food and Biomedical Refrigerators & Freezers Market: Competitive Landscape Snapshot (1/2)
- 2.5. Commercial Food and Biomedical Refrigerators & Freezers Market: Competitive Landscape Snapshot (2/2)
Chapter 3. Commercial Food and Biomedical Refrigerators & Freezers Market - Industry Outlook
- 3.1. Market Overview
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
Chapter 4. Commercial Food and Biomedical Refrigerators & Freezers Market: Offering Estimates & Trend Analysis
- 4.1. Offering Movement Analysis & Market Share, 2025 & 2033
- 4.2. Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecast, By Offering (USD Million)
- 4.2.1. Food Sector
- 4.2.1.1. Refrigerators
- 4.2.1.1.1. Walk-in Refrigerators
- 4.2.1.1.2. Reach-in Refrigerators
- 4.2.1.1.3. Display Refrigerators
- 4.2.1.1.4. Blast Chillers
- 4.2.1.1.5. Undercounter Refrigerators
- 4.2.1.2. Freezers
- 4.2.1.2.1. Walk-in Freezers
- 4.2.1.2.2. Reach-in Freezers
- 4.2.1.2.3. Display Freezers
- 4.2.1.2.4. Chest Freezers
- 4.2.1.2.5. Undercounter Freezers
- 4.2.2. Biomedical Sector
- 4.2.2.1. Refrigerators
- 4.2.2.1.1. Blood Bank Refrigerators
- 4.2.2.1.2. Laboratory/Pharmacy/Medical Refrigerators
- 4.2.2.2. Freezers
- 4.2.2.2.1. Plasma Freezers
- 4.2.2.2.2. Shock Freezers
- 4.2.2.2.3. Ultra-Low-Temperature (ULT) Freezers
- 4.2.2.2.4. Laboratory/Pharmacy/Medical Freezers
Chapter 5. Commercial Food and Biomedical Refrigerators & Freezers Market: End Use Estimates & Trend Analysis
- 5.1. End Use Movement Analysis & Market Share, 2025 & 2033
- 5.2. Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecast, By End Use (USD Million)
- 5.2.1. Hospitality
- 5.2.1.1. Hotels & Resorts
- 5.2.1.2. Restaurants
- 5.2.1.3. Others
- 5.2.2. Food & Beverage Retail
- 5.2.2.1. Hypermarkets & Supermarkets
- 5.2.2.2. Convenience Store
- 5.2.2.3. Specialty Food Store
- 5.2.2.4. Grocery Store
- 5.2.3. Healthcare & Life Sciences
- 5.2.3.1. Hospitals
- 5.2.3.2. Research Laboratories
- 5.2.3.3. Diagnostic Centers
- 5.2.3.4. Blood Banks
- 5.2.3.5. Others
- 5.2.4. Pharmaceuticals
- 5.2.5. Chemicals
- 5.2.6. Others
Chapter 6. Commercial Food and Biomedical Refrigerators & Freezers Market: Capacity Estimates & Trend Analysis
- 6.1. Capacity Movement Analysis & Market Share, 2025 & 2033
- 6.2. Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecast, By Capacity (USD Million)
- 6.2.1. Small (up to 50 Liters)
- 6.2.2. Medium (51 to 300 Liters)
- 6.2.3. Large (Above 300 Liters)
Chapter 7. Commercial Food and Biomedical Refrigerators & Freezers Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Distribution Channel Movement Analysis & Market Share, 2025 & 2033
- 7.2. Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecast, By Distribution Channel (USD Million)
- 7.2.1. Distributors and Wholesalers
- 7.2.2. Retailers
Chapter 8. Regional Estimates & Trend Analysis
- 8.1. Commercial Food and Biomedical Refrigerators & Freezers Market by Region, 2025 & 2033
- 8.2. North America
- 8.2.1. North America Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecasts, 2021 - 2033, (USD Million)
- 8.2.2. U.S.
- 8.2.3. Canada
- 8.3. Europe
- 8.3.1. Europe Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecasts, 2021 - 2033, (USD Million)
- 8.3.2. Germany
- 8.3.3. U.K.
- 8.3.4. France
- 8.3.5. Italy
- 8.3.6. Spain
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecasts, 2021 - 2033, (USD Million)
- 8.4.2. Japan
- 8.4.3. China
- 8.4.4. India
- 8.4.5. South Korea
- 8.4.6. Australia
- 8.5. Latin America
- 8.5.1. Latin America Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecasts, 2021 - 2033, (USD Million)
- 8.5.2. Brazil
- 8.5.3. Mexico
- 8.6. Middle East & Africa (MEA)
- 8.6.1. MEA Commercial Food and Biomedical Refrigerators & Freezers Market Estimates & Forecasts, 2021 - 2033, (USD Million)
- 8.6.2. Saudi Arabia
- 8.6.3. South Africa
Chapter 9. Commercial Food and Biomedical Refrigerators & Freezers Market - Competitive Landscape (Biomedical Sector- Refrigeration Companies)
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Positioning
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.8.1. Expansion
- 9.8.2. Merger & Acquisition
- 9.8.3. Collaborations/Partnerships
- 9.8.4. New Product Launches
- 9.9. Company Profiles
- 9.9.1. Aegis Scientific Inc.
- 9.9.1.1. Participant's Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Recent Developments
- 9.9.2. Angelantoni Life Science S.r.l.
- 9.9.2.1. Participant's Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Recent Developments
- 9.9.3. Arctiko A/S
- 9.9.3.1. Participant's Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Benchmarking
- 9.9.3.4. Recent Developments
- 9.9.4. B Medical Systems India Private Limited.
- 9.9.4.1. Participant's Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Recent Developments
- 9.9.5. Biomedical Solutions Inc. (BSI)
- 9.9.5.1. Participant's Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Recent Developments
- 9.9.6. Blue Star Limited
- 9.9.6.1. Participant's Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Recent Developments
- 9.9.7. Eppendorf SE
- 9.9.7.1. Participant's Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Benchmarking
- 9.9.7.4. Recent Developments
- 9.9.8. FIOCCHETTI SCIENTIFIC S.R.L.
- 9.9.8.1. Participant's Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Recent Developments
- 9.9.9. Froilabo SAS
- 9.9.9.1. Participant's Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Recent Developments
- 9.9.10. Gram Scientific ApS
- 9.9.10.1. Participant's Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Recent Developments
- 9.9.11. Haier Biomedical
- 9.9.11.1. Participant's Overview
- 9.9.11.2. Financial Performance
- 9.9.11.3. Product Benchmarking
- 9.9.11.4. Recent Developments
- 9.9.12. Helmer, Inc.
- 9.9.12.1. Participant's Overview
- 9.9.12.2. Financial Performance
- 9.9.12.3. Product Benchmarking
- 9.9.12.4. Recent Developments
- 9.9.13. IC Biomedical, LLC
- 9.9.13.1. Participant's Overview
- 9.9.13.2. Financial Performance
- 9.9.13.3. Product Benchmarking
- 9.9.13.4. Recent Developments
- 9.9.14. Jeio Tech Co. Ltd.
- 9.9.14.1. Participant's Overview
- 9.9.14.2. Financial Performance
- 9.9.14.3. Product Benchmarking
- 9.9.14.4. Recent Developments
- 9.9.15. KW Apparecchi Scientifici Srl
- 9.9.15.1. Participant's Overview
- 9.9.15.2. Financial Performance
- 9.9.15.3. Product Benchmarking
- 9.9.15.4. Recent Developments
- 9.9.16. LabRepCo, LLC
- 9.9.16.1. Participant's Overview
- 9.9.16.2. Financial Performance
- 9.9.16.3. Product Benchmarking
- 9.9.16.4. Recent Developments
- 9.9.17. Liebherr-International Deutschland GmbH
- 9.9.17.1. Participant's Overview
- 9.9.17.2. Financial Performance
- 9.9.17.3. Product Benchmarking
- 9.9.17.4. Recent Developments
- 9.9.18. NuAire, Inc.
- 9.9.18.1. Participant's Overview
- 9.9.18.2. Financial Performance
- 9.9.18.3. Product Benchmarking
- 9.9.18.4. Recent Developments
- 9.9.19. PHC Holdings Corporation
- 9.9.19.1. Participant's Overview
- 9.9.19.2. Financial Performance
- 9.9.19.3. Product Benchmarking
- 9.9.19.4. Recent Developments
- 9.9.20. Philipp Kirsch GmbH
- 9.9.20.1. Participant's Overview
- 9.9.20.2. Financial Performance
- 9.9.20.3. Product Benchmarking
- 9.9.20.4. Recent Developments
- 9.9.21. Terumo Corporation
- 9.9.21.1. Participant's Overview
- 9.9.21.2. Financial Performance
- 9.9.21.3. Product Benchmarking
- 9.9.21.4. Recent Developments
- 9.9.22. Thermo Fisher Scientific Inc.
- 9.9.22.1. Participant's Overview
- 9.9.22.2. Financial Performance
- 9.9.22.3. Product Benchmarking
- 9.9.22.4. Recent Developments
- 9.9.23. Vestfrost Solutions (A/S Vestfrost)
- 9.9.23.1. Participant's Overview
- 9.9.23.2. Financial Performance
- 9.9.23.3. Product Benchmarking
- 9.9.23.4. Recent Developments
- 9.9.24. Zhongke Meiling Cryogenics Co., Ltd.
- 9.9.24.1. Participant's Overview
- 9.9.24.2. Financial Performance
- 9.9.24.3. Product Benchmarking
- 9.9.24.4. Recent Developments
Chapter 10. Commercial Food and Biomedical Refrigerators & Freezers Market - Competitive Landscape (Food Sector - Refrigeration Companies)
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Company Categorization
- 10.3. Participant's Overview
- 10.4. Financial Performance
- 10.5. Product Benchmarking
- 10.6. Company Market Positioning
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.8.1. Expansion
- 10.8.2. Merger & Acquisition
- 10.8.3. Collaborations/Partnerships
- 10.8.4. New Product Launches
- 10.9. Company Profiles
- 10.9.1. AHT Cooling System GmbH.
- 10.9.1.1. Participant's Overview
- 10.9.1.2. Financial Performance
- 10.9.1.3. Product Benchmarking
- 10.9.1.4. Recent Developments
- 10.9.2. AI Ameen Dev. and Trade Co.
- 10.9.2.1. Participant's Overview
- 10.9.2.2. Financial Performance
- 10.9.2.3. Product Benchmarking
- 10.9.2.4. Recent Developments
- 10.9.3. Arctic Air
- 10.9.3.1. Participant's Overview
- 10.9.3.2. Financial Performance
- 10.9.3.3. Product Benchmarking
- 10.9.3.4. Recent Developments
- 10.9.4. Carrier Global Corporation.
- 10.9.4.1. Participant's Overview
- 10.9.4.2. Financial Performance
- 10.9.4.3. Product Benchmarking
- 10.9.4.4. Recent Developments
- 10.9.5. CGS
- 10.9.5.1. Participant's Overview
- 10.9.5.2. Financial Performance
- 10.9.5.3. Product Benchmarking
- 10.9.5.4. Recent Developments
- 10.9.6. DAIKIN Industries Ltd.
- 10.9.6.1. Participant's Overview
- 10.9.6.2. Financial Performance
- 10.9.6.3. Product Benchmarking
- 10.9.6.4. Recent Developments
- 10.9.7. Delfield
- 10.9.7.1. Participant's Overview
- 10.9.7.2. Financial Performance
- 10.9.7.3. Product Benchmarking
- 10.9.7.4. Recent Developments
- 10.9.8. Dover Corporation
- 10.9.8.1. Participant's Overview
- 10.9.8.2. Financial Performance
- 10.9.8.3. Product Benchmarking
- 10.9.8.4. Recent Developments
- 10.9.9. Electrolux AB
- 10.9.9.1. Participant's Overview
- 10.9.9.2. Financial Performance
- 10.9.9.3. Product Benchmarking
- 10.9.9.4. Recent Developments
- 10.9.10. FRYKA-Refrigeration Technology GmbH
- 10.9.10.1. Participant's Overview
- 10.9.10.2. Financial Performance
- 10.9.10.3. Product Benchmarking
- 10.9.10.4. Recent Developments
- 10.9.11. GEA GROUP Aktiengesellschaft
- 10.9.11.1. Participant's Overview
- 10.9.11.2. Financial Performance
- 10.9.11.3. Product Benchmarking
- 10.9.11.4. Recent Developments
- 10.9.12. Hoshizaki America, Inc.
- 10.9.12.1. Participant's Overview
- 10.9.12.2. Financial Performance
- 10.9.12.3. Product Benchmarking
- 10.9.12.4. Recent Developments
- 10.9.13. Hussmann Corporation
- 10.9.13.1. Participant's Overview
- 10.9.13.2. Financial Performance
- 10.9.13.3. Product Benchmarking
- 10.9.13.4. Recent Developments
- 10.9.14. Illinois Tools Works Inc.
- 10.9.14.1. Participant's Overview
- 10.9.14.2. Financial Performance
- 10.9.14.3. Product Benchmarking
- 10.9.14.4. Recent Developments
- 10.9.15. LIEBHERR Group
- 10.9.15.1. Participant's Overview
- 10.9.15.2. Financial Performance
- 10.9.15.3. Product Benchmarking
- 10.9.15.4. Recent Developments
- 10.9.16. Norlake, Inc.
- 10.9.16.1. Participant's Overview
- 10.9.16.2. Financial Performance
- 10.9.16.3. Product Benchmarking
- 10.9.16.4. Recent Developments
- 10.9.17. Panasonic Corporation
- 10.9.17.1. Participant's Overview
- 10.9.17.2. Financial Performance
- 10.9.17.3. Product Benchmarking
- 10.9.17.4. Recent Developments
- 10.9.18. Samsung Electronics Co., Ltd
- 10.9.18.1. Participant's Overview
- 10.9.18.2. Financial Performance
- 10.9.18.3. Product Benchmarking
- 10.9.18.4. Recent Developments
- 10.9.19. True Manufacturing Co., Inc.
- 10.9.19.1. Participant's Overview
- 10.9.19.2. Financial Performance
- 10.9.19.3. Product Benchmarking
- 10.9.19.4. Recent Developments