Global Ice Cream Processing Equipment Market Expected to Reach USD 13.6 Billion Valuation by 2033, Driving a Steady Growth of 3.5% CAGR

Posted on 2024-05-06 by Future Market Insights in Industrial // 0 Comments

The ice cream processing equipment market is forecasted to surpass a value of USD 13.6 billion by 2033, driven by a consistent Compound Annual Growth Rate (CAGR) of 3.5%, as indicated by recent analysis conducted by FMI. This projection underscores the enduring attractiveness and sustained growth potential within the sector, reflecting the evolving preferences of consumers.

The rising demand for homemade and artisanal products has resulted in increased utilization of ice cream processing equipment, expanding its applications beyond traditional ice cream production to encompass a diverse range of frozen treats such as yogurts and sorbets. This trend underscores the adaptability and versatility of these machines in meeting the evolving needs of the dynamic food industry landscape.

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Anticipating a swift rebound in ice cream market sales, manufacturers are turning to efficient solutions, with hygiene and customer satisfaction taking center stage. The industry faces a threat from various frozen goods, making the cleanliness of equipment crucial. Ice cream production equipment, designed with multiple components and minimal contamination risk, presents an ideal solution, driving its sales. Optimal profitability guides ice cream producers to choose the best and most practical equipment options, further accelerating the development and sales of these solutions.

Between 2018 and 2022, the ice cream processing equipment market experienced gradual growth at a CAGR of 2.7%. Rising ice cream consumption and increased disposable income worldwide are key drivers of this market expansion.

While the long-term sales prospects for ice cream processing equipment remain positive, the global COVID-19 pandemic had a detrimental impact due to widespread shutdowns and suspended production activities.

Notable Insights from FMI’s Study on the Ice Cream Processing Equipment Market:

The hard ice cream processing equipment segment is projected to take the lead in terms of product type.
Continuous freezers segment is expected to be the largest, displaying a 4.8% CAGR during the forecast period.
Molding equipment is poised for rapid growth among equipment types, followed by extrusion equipment.
India’s market is set for robust growth due to escalating demand for natural and organic flavored ice cream.
China emerges as a highly promising market in East Asia for ice cream processing equipment.
The U.S. is forecasted to maintain its dominance, achieving consistent growth at a CAGR of over 3.6%.
Italy and Germany, pivotal producers, will drive Europe’s ice cream processing equipment market expansion.

Vendor Landscape of the Ice Cream Processing Equipment Market:

The global ice cream processing equipment market is characterized by its high fragmentation, owing to the presence of numerous local and established players.

Leading participants in the market are focused on initiatives such as establishing new manufacturing facilities and introducing novel product offerings to secure a competitive advantage in the industry. Forming strategic partnerships with key enterprises and local players is also a strategy embraced by major manufacturers to uphold their market position.

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Key Players Profiled in the Report:

Future Market Insights has identified several key players in the market, including ROKK Processing Ltd, Tetra Pak Processing Equipment GmbH, Gram Equipment A/S, CARPIGIANI GROUP, Guangzhou Guangshen Electric Produce Co., Ltd, and Nanjing Puyuan Ice Cream Machinery Manufacturing Co., Ltd, among others.

Ice Cream Processing Equipment Market by Category:

By Equipment Type:

Mixing Equipment
Continuous Freezers
Filling Freezers
Homogenizers
Extrusion Equipment
Molding Equipment

By Product Type:

Soft Ice Cream Processing Equipment
Hard Ice Cream Processing Equipment

By Operation:

Automatic
Semi-Automatic

By Region:

Americas
Greater China
Europe & Central Asia
southeast Asia & Oceania
Middle East & Africa

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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