In 2023, it is anticipated that the global flake ice machines market will be worth US$ 1.3 billion. The overall market for flake ice machines is expected to grow at a CAGR of 6.0% between 2023 and 2033, reaching an estimated US$ 2.3 Billion by that time due to rising consumer awareness of food safety.
The rising global demand for ready-to-eat and convenience foods is one of the major factors fueling the market’s expansion. As a result, both the demand for flake ice machines and the food processing industry are expanding quickly. To preserve the quality and freshness of the food products, flake ice machines are frequently used in the food processing industry, particularly in the processing of seafood, meat, and poultry.
Another motivating element The expanding healthcare sector is driving growth in the flake ice machines market. The demand for flake ice machines is rising as the healthcare sector expands quickly. In healthcare facilities, flake ice machines are used for a variety of things, such as cooling and storing medications, surgical equipment, and blood products. Additionally, flake ice makers are used to maintain the proper temperature for medical equipment.
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The increased demand from fishing industry is accelerating the demand for flake ice machines. The fishing industry is a significant user of flake ice machines. Flake ice machines are used to maintain the quality and freshness of fish during transportation and storage. As the demand for fish is increasing worldwide, the demand for flake ice machines is also increasing.
Key Takeaways from the Market Study:
- Global Flake Ice Machines Market was valued at US$ 1.2 Billion by 2022 end.
- From 2018 to 2022, the market demand expanded at a CAGR of 3.4%.
- North America is expected to hold the highest CAGR of 5.8% during the forecast period.
- by application, the food Processing segment is expected to constitute a CAGR of 5.8% in 2033.
- On the basis of end-user, the commercial segment is expected to dominate the market with a CAGR of 5.7% in 2033.
“The growing tourism industry, as well as the increasing urbanization and disposable income of people across the globe, are the major factors that are expected to propel the growth of the flake ice machines market in the near future,” opines an analyst from FMI.
Competitive Landscape:
Prominent players in the flake ice machines market are Blue Star, Hoshizaki, Ice-O-Matic, Manitowoc Ice, Labman Scientific Instruments, Labsol Enterprises, Scineers, Scotsman Ice Systems, Simag-Italy, Trufrost, Labtron, Ocean Cold Technologies, among others.
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Recent Developments:
- In 2021, Hoshizaki released the MODwater dispenser, which combines a high-capacity ice machine with a water dispenser for a compact, all-in-one solution.
- In 2020, Manitowoc introduced the NEO under-counter ice machine, which features a sleek, modern design and a unique “delay” function that allows users to pause ice production during slow periods.
- In 2020, Scotsman introduced the Prodigy Plus Nugget ice machine, which produces soft, chewable nugget ice that is popular in a variety of settings, including healthcare, education, and hospitality. It also features an antimicrobial protection system to inhibit the growth of bacteria and other microorganisms.
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global Flake Ice Machines market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the Flake Ice Machines market, the market is segmented on the basis of application (mine temperature reduction, food processing, preservation and cooling field application, medical facilities, concrete cooling project, and skiing & other sports), by cooling media (air-cooled, and water-cooled), by storage capacity (up to 250 kg, 250 to 750 kg, and above 750 kg), by end-user (household, commercial, and industrial), across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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Key Segments Covered in the Flake Ice Machines Industry Analysis:
By Application:
- Mine Temperature Reduction
- Food Processing
- Preservation and Cooling Field Application
- Medical Facilities
- Concrete Cooling Project
- Skiing & Other Sports
By Cooling Method:
- Air Cooled
- Water Cooled
By Storage Capacity:
- Up to 250 Kg
- 250 to 750 Kg
- Above 750 Kg
By End User:
- Household
- Commercial
- Industrial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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