Future Market Insights forecasts that the global flake ice machines market will reach a value of USD 1.3 billion by 2023. As the tourism industry continues to thrive and urbanization rates soar, the flake ice machines market is poised for substantial expansion. Projections suggest a robust compound annual growth rate (CAGR) of 6.0% between 2023 and 2033, culminating in a market value of around USD 2.3 billion by 2033.
Additionally, there has been a noticeable uptick in the demand for packaged ice in recent years, driven by several factors including convenience, safety, and hygiene considerations. Packaged ice finds applications across various sectors such as food service, retail, healthcare, and transportation. Furthermore, the proliferation of outdoor events such as music festivals, sports events, and camping activities has further bolstered the demand for packaged ice, highlighting its versatility and widespread usage.
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Demand Factors
The demand for flake ice machines catering to the production of packaged ice is poised for a notable upswing in the forthcoming years. This surge is fueled by the escalating preference for convenience among consumers, coupled with the proliferation of outdoor events and recreational activities. Packaged ice’s convenience has garnered favor among consumers seeking to circumvent the inconvenience associated with home ice production. Moreover, the burgeoning number of outdoor events and activities has spurred a heightened demand for portable and user-friendly ice machines.
In addition to its utility in the consumer sector, flake ice holds considerable significance in the healthcare industry. Its versatility renders it indispensable for various applications, including organ and tissue preservation, as well as cryotherapy. In the realm of cryotherapy, flake ice plays a pivotal role in skin cooling, facilitating pain and inflammation reduction post-surgeries or injuries. Furthermore, medical laboratories rely on flake ice for storing and transporting samples necessitating a cold environment.
The healthcare sector is undergoing rapid expansion on a global scale, particularly in emerging economies. This growth trajectory is propelled by several factors, including population expansion, the uptick in chronic diseases, and amplified healthcare expenditure. Consequently, this burgeoning healthcare landscape is poised to unveil significant opportunities for market growth within the flake ice machine segment.
Key Companies
- Blue Star
- Hoshizaki
- Ice-O-Matic
- Manitowoc Ice
- Labman Scientific Instruments
- Labsol Enterprises
- Scineers
- Scotsman Ice Systems
- Simag-Italy
- Trufrost
- Labtron
- Ocean Cold Technologies
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Key Segments:
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
Author:
Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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