Ice Maker Market Report 2022 Focuses on Top Companies, Recent Trends and Regional Growth Forecast 2027
The ice maker market is set to observe growth rate of over 5.5% till 2027. Several ice making manufacturers are working on a new range of ice machines that provide ice in different sizes and shapes, according to consumer preferences. In 2020, Hoshizaki Corporation announced the launch of its new sphere ice maker suitable for use in the beverages, food service, entertainment and accommodation sectors.
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Nugget ice makers are anticipated to be in steady demand in the upcoming years on account of increasing demand for specialty drinks like cocktails, expensive drinks, and presentation drinks in hotels, high-end restaurants, and bars.
Nugget ice helps to retain the flavor of the drinks since it is porous and hence absorbs the flavor of the beverage. Additionally, nugget ice is in immense demand in the healthcare sector credited to its chewable nature which makes it easy to consume by patients.
The global food service sector is expanding at a lucrative pace, generating new demand for advanced ice maker machines. Evolving consumer lifestyles in Europe & North America and increasing disposable incomes will boost the purchase of ice maker machines across residential settings. Ice cubes made using such machines are of used for storing processed food & groceries as well as for serving chilled beverages. These equipment require less maintenance and are easy to use.
The hospitality sector has picked up pace in the past few years with large number of high-end boutique bars being established on a large extend, consequently driving the need for ice makers. New technological development of in the consumer electronics sector have resulted in the production of technologically advanced and energy-efficient ice making machines.
With the COVID-19 pandemic, there was a notable decrease in demand for processed food products owing to falling disposable incomes and the total shutdown of meatpacking facilities. However, the ice maker market is likely to recover gradually as restrictions ease in food trade and the safety measures that are being taken in the meatpacking and food processing sectors.
The Middle East ice maker market is likely to expand over the stipulated timeframe credited to the development of luxury hotels and restaurant chains as well as hypermarkets and supermarkets. As per reports, Saudi Arabia is projected to experience a 67.1% rise in its hotel room supply over the coming three years. Moreover, there is an escalating demand for processed food & beverages which could fuel the usage of ice makers in the region.
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Some Point from Table of Contents:
Chapter 5 Ice Maker Market, By Product
5.1 Key trends, by product
5.2 Ice cube maker
5.2.1 Market estimates and forecast, 2016 – 2027
5.3 Ice flake maker
5.3.1 Market estimates and forecast, 2016 – 2027
5.4 Ice nugget maker
5.4.1 Market estimates and forecast, 2016 – 2027
Chapter 6 Ice Maker Market, By End-Use
6.1 Key trends, by application
6.2 Residential
6.2.1 Market estimates and forecast, 2016 – 2027
6.3 Commercial
6.3.1 Market estimates and forecast, 2016 – 2027
6.3.2 Food service
6.3.2.1 Market estimates and forecast, 2016 – 2027
6.3.3 Healthcare
6.3.3.1 Market estimates and forecast, 2016 – 2027
6.4 Industrial
6.4.1 Market estimates and forecast, 2016 – 2027
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