Refrigeration Oil Market Size 2022 Growth Statistics, Business Demand, Top Manufacturers Data 2030
Growing Urbanization in Developing Economies to Drive Refrigeration Oil Market The global refrigeration oil market is expected to exhibit a steady 5.31% CAGR over the forecast period from 2021 to 2030, according to the latest research report from Market Research Future (MRFR). The global refrigeration oil market is profiled in detail in the report to draw conclusions about the market’s likely growth trajectory over the forecast period. The global refrigeration oil market is expected to grow to a valuation of USD 1731 million by 2030. The growing demand for refrigeration units in supermarkets and hypermarkets to store frozen food and beverage products is likely to be a major driver for the global refrigeration oil market over the forecast period. Packaged food and beverages have become the new norm in the food and beverage industry, leading to a growing demand for effective refrigeration units to keep these products safe. Refrigeration prevents microbial growth in packaged food and be