27-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Ice Maker Market – By Product (Ice Flake, Ice Cube, and Ice Nugget), By Application (Commercial and Residential), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for the ice maker market was valued at over USD 1.5 Billion in 2019 and is anticipated to surpass USD 2.2 Billion in 2025, growing at a rate of around 5.5% between 2019 and 2025.
Browse the full “Global Ice Maker Market – By Product (Ice Flake, Ice Cube, and Ice Nugget), By Application (Commercial and Residential), and By Region: Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/ice-maker-market
The swiftly burgeoning global food and beverage industry accounts for the rising adoption of ice making setups. Several sectors have been using these systems for producing fresh ice in huge quantities and in several forms/shapes. The equipment manufacturers are dedicated to developing energy-efficient technologies to innovate low power- and water-consuming ice makers, thereby proliferating the global ice makers market. Extensive usage of fresh ice in the storage of organs for longer periods along with healing and treatment applications indicates more penetration of ice makers market in the healthcare sector. Moreover, frozen foods are gaining remarkable popularity in the global food and beverage sector, which in turn propels the increased demand for ice maker systems in the food industry.
Under the product segment, “ice cube” category dominates the global ice maker market
Ice cubes are primarily utilized in commercial and residential purposes. Therefore, the demand for ice maker machines has been augmented across the globe. Ice cubes are generally served with cold non-alcoholic & alcoholic beverages at offices, restaurants, bars, homes, etc., thereby upsurging ice maker machine sales.
Commercial segment holds the major revenue share of the global ice maker market
Leading food services providers opt for commercial ice maker systems owing to the continuous consumption of ice. Moreover, the growing production, processing, transportation, and consumption of seafood & its products have urged the manufacturers to adopt ice flake making systems for the effective and inexpensive storage facilities for the items.
Owing to the substantial increase in the demand for ice makers the Asia Pacific leads in the global market
As per the survey conducted by the U.S. National Marine Fisheries Service, Asia Pacific dominated in the seafood production accounting for around 90% of the global aquaculture production. In the Asia Pacific, China led in the global aquaculture market by holding over 60% share of global seafood production. Therefore, the demand for ice-making systems is booming in order to effectively store & export these huge piles of aquaculture products.
Some of the key players of the global ice maker market are AB Electrolux, Direct Catering Products Ltd., Kold-Draft, Whynter LLC, Middleby Corporation, Brema Group S.p.A., Howe Corporation, Ali Group S.p.A., Hoshizaki Corporation, Manitowoc Ice, A & V Refrigeration Corp., ITV Ice Makers Inc., Cornelius Inc., and North Star Ice Equipment Corporation.
The report on global ice maker market is segmented as:
Global Ice Maker Market: By Product Segmentation Analysis
Global Ice Maker Market: By Application Segmentation Analysis
Global Ice Maker Market: By Regional Segmentation Analysis
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