The estimated size of the ice cream processing equipment market in 2022 was close to US$ 9.3 billion. Consumers like ice cream whilst viewing entertainment, thus an increase in amusement demand, technological advancements, and a growth in the population's purchasing power are raising ice cream demand. It is thus likely to have produced US$ 13.6 billion by 2033, alongside a CAGR of 3.5% from 2023 to 2033.
Ice cream processing equipment are becoming increasingly common as the food and beverage sector switches its emphasis to the idea of greater homemade products. The marketing of ice cream processing equipment was hyped, which helped the product do well on the global market. Manufacturing ice cream cones is only one application for ice cream production machinery. Its ability to process yogurts, sorbets, and other frozen goods broadens its application in society.
In the near future, producers anticipate a quicker reversal in ice cream market sales. The machine provides the ideal answer because cleanliness is all about taking care of the customers. A variety of iced goods are now posing a threat to the industry. The manufacturer of ice cream manufacturing equipment has an appropriate number of parts and little danger of contamination. This feature boosts the sales of equipment that produce ice cream. For optimum profitability, ice cream producers use the best and most practical options. Selecting an ice cream processing equipment is a top priority. The development and selling of these equipment are accelerated by this tendency.
What is Primarily Driving the Regional Market for Ice Cream Processing Equipment?
The Increasing Consumer Preference towards Tests and Flavors is Likely to Boost the Growth
Ongoing trend of innovation in taste and appearance of ice cream is likely to impact the ice cream processing equipment market positively. Manufacturers are expanding their product offerings to cater to the increasing demand for ice cream and its processing equipment.
For instance, a leading company in the ice cream processing equipment market, Tetra Pak, has planned to introduce a new range of ice cream processing equipment to produce a variety of colors’ and flavors of organic ice cream to attract the consumer base.
Changing consumer lifestyle and rise in disposable income, especially in developing economies such as India and China, are expected to spur the growth. Shift towards organic lifestyle have influenced the taste of consumers today. Growing preference for natural and organic ice cream flavors is expected to create lucrative growth opportunities for growth of the market.
What can be the Possible Reasons to Impede the Growth in the Market?
High Initial Cost for Automated Ice Cream Processing Equipment Likely to Hinder Growth
Increasing demand for innovative flavors and organic packaging has compelled manufacturers to replace their existing facilities with new automated ones. Growing preference for organic food products and clean label ingredient is expected to encourage the adoption of automatic ice cream processing equipment.
Transition of various manufacturers from manual and semi-automatic machinery to automatic manufacturing might cost way too much for local companies to afford. There is growing need for tedious and improvement in conventional processing and packaging equipment among consumers.
Some of the common processes related to ice cream processing equipment include tedious sealing, labeling, wrapping, and packing. Manufacturers are switching to fully automatic ice cream manufacturing machinery to reduce the error and improve efficiency. The high cost for these machineries however poses challenge for regional and local players.
Will the United States Retain its Dominance in the Ice Cream Processing Equipment Market?
Rising Ice Cream Exports to Boost the Growth during the Forecast Period
The ice cream processing equipment market is dominated by North America. According to the International Dairy Foods Association, in 2020 the United States exported over 1 billion gallons of ice cream, marking an increase of 6% from 2019. In the FQ-21, hard ice cream production was up by 4% as compared to 2020.
An average American consumes approximately 223 pounds of ice cream and frozen dessert annually. Due to the increasing consumption of ice-cream in the country, key players have been increasing in automated ice cream processing equipment. As per Future Market Insights, the United States market is expected to register steady growth, expanding at a CAGR of 3.64% during the forecast period.
Market Competition
Competition among key players is severe due to presence of numerous leading players in the ice cream processing equipment market. Product launches, strategic agreement and mergers, and innovation are the core strategies adopted by leading players to retain their dominance.
Among these below-mentioned leading manufacturers, Tetra Pak is dominating the market with over 7% of the global share, followed by GEA Group which accounts for over 4.5% of the market share, estimated FMI.
The key players in this market include:
· ROKK Processing Ltd
· Tetra Pak Processing Equipment GmbH
· Gram Equipment A/S
· CARPIGIANI Group
· Guangzhou Guangshen Electric Produce Co. Ltd.
· Goma Engineering Pvt. Ltd.
· ALFA LAVAL
· Technogel SPA
These insights are based on a report on
Ice Cream Processing Equipment Market
by Future Market Insights
Source: Email/GFMM
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