The estimated size of the ice cream processing equipment market in 2022 was close to USD 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 USD 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 equipments are accelerated by this tendency.
| Report Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 9.3 billion |
| Expected Market Value (2023) | USD 9.63 billion |
| Projected Forecast Value (2033) | USD 13.6 billion |
| Anticipated Growth Rate (2023 to 2033) | 3.5% |
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From 2018 to 2022, the market of ice cream processing equipment registered sluggish growth at a CAGR of 2.7%. Increasing consumption of ice cream and growing disposable income across the globe are spurring the market growth.
Long-term sales outlook for ice cream processing equipment are optimistic. The COVID-19 outbreak however had a negative impact due to the global shutdown and suspended production activities.
Thanks to the roll out of vaccination across the globe, the market registered steady year-on-year growth at a 3.5% CAGR from 2023 to 2023. The market is expected to gain momentum over the assessment period as the demand for innovative flavors and organic products will continue growing.
The Increasing Consumer Preference towards Tasts 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.
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.
Demand for Hard Ice Cream Processing Equipment are Quite High in the Global Market
Key manufacturers prefer hard ice cream processing equipment as it generates low noise and vibration. Manufacturers are incorporating cutting-edge features to improve the production capacity of equipment due to advancement in technology.
As per Future Market Insights, hard ice cream processing equipment segment was estimated to have acquired a 45.2% market share in 2022. It is projected to lead the ice cream processing equipment market from 2023 to 2033, accounting for the highest market share.
Continuous Freezers to be Significantly High in Demand in 2023
Continuous freezers segment in the ice cream processing equipment is expected to maintain its dominance over other variants during assessment period. However, moulding equipment segment is projected to witness fastest growth.
As per FMI, the continuous freezers segment is poised to expand at over 4.6% CAGR through 2033 and beyond, whereas extrusion segment will also gain traction in the forthcoming years.
Automatic Ice Cream Processing Equipment to Take the Lion’s Share
Based on operation type, the market is bifurcated into automatic and semi-automatic ice cream processing equipment. As per Future Market Insights, automatic ice cream processing equipment segment is expected to remain the most preferred operation type with a 35% share in 2022.
Increasing competition in the market has compelled the key players to incorporate advanced technology in automated ice cream processing equipment. Leading companies are investing heavily to introduce smart and technologically advanced equipment. This will offer opportunities for expansion of the segment.
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.
Rising Disposable income and Changing Tastes of Consumers to Aid Growth
China is expected to be the most lucrative ice cream processing equipment market during the forecast period. The Chinese ice cream processing equipment market is anticipated to garner a 3.9% CAGR during the forecast period.
Growth in the country is major driven by the rising per capita income of the, changing eating habits, and increasing spending on eating out. Technological advancements in automated ice cream processing equipment is expected to spur the growth.
Surge in consumption of ice cream and demand for organic and plant-based frozen ice cream are increasing scope for sales of hard ice cream processing equipment across China.
Presence of Key Players in the Region is Likely to Unfold Immense Growth
Increasing consumption of ice cream in India will remain the chief growth driver. The market will gain from the presence of some of the leading companies in the country is aiding the growth of ice cream processing equipment market.
Presence of local and leading brands such as Amul, Baskin Robbins, Nestle, and Haagen Dazs has increased the scope for expansion in the country. Focus on production of ice cream derived from natural and organic ingredients will create a conducive environment for sales of ice cream processing equipment in India.
Organic and Frozen Forms of Ice Cream to Play a Key Role in Boosting Growth
Europe is best known for its desserts worldwide. Backed by surging consumption of ice cream, especially among millennials, the demand for ice cream processing equipment has increased.
As per Future Market Insights, Germany is the major producer of ice cream and ice cream processing equipment. According to data from Istituto Italiano Gelato, in 2019 export of Italian packaged ice cream reached a turnover of 212.6 million euro and is expected to increase by 2031. In 2020, according to food research report, Italy’s ice cream industry generated over 1.4-billion-euro turnover.
With increasing demand for frozen organic and organic ice cream, Italy and Germany markets are expected to continue registering impressive growth through the forecast period.
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:
Some of the products being launched by the key players are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.5% from 2022 to 2032 |
| Market value in 2023 | USD 9.63 billion |
| Market value in 2033 | USD 13.6 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Product Type, Equipment type, Operations, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, Japan, China, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled |
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; Vojta SRO; CATTA 27 SRL; Ice group; GEA Group Aktiengesellschaft; TEKNOICE SRL; Laeif SRL; Nanjing Puyuan Ice Cream Machinery Manufacturing Co. Ltd. |
| Customization & Pricing | Available on Request |
The market is valued at USD 9.63 billion in 2023.
The market’s CAGR from 2023 to 2033 will be 3.5%.
Continuous freezers to expand at 4.6% CAGR through 2033.
The market is expected to reach USD 13.6 million by 2033.
Organic flavors and investment in smart devices may boost the market.
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Ice Cream Processing Equipment Market
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