At a CAGR of 6% between 2023 and 2033, the global flake ice machines market is anticipated to grow from its current value of US$ 1.3 billion to US$ 2.3 billion.
Food service, healthcare, retail, and transportation all use packaged ice. The increase in outdoor events like sporting competitions, music festivals, and camping is the other factor.
Since flake ice is moldable, flaky, and soft, it is easy to transport and pack. A greater cooling capacity could also guarantee the freshness of the products.
These days, cryotherapy asks for flake ice for cooling the skin and reducing inflammation and pain, specifically post injuries or surgeries. Flake ice is used in various medical laboratories to store and transport samples needing a cold environment.
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At the same time, higher initial cost on the part of flake ice machines makes the new entrants think twice before venturing into it. This price-sensitivity could limit their adoption in the emerging economies as well.
Future Market Insights has etched these facets with future prospects in its latest market study entitled ‘Flake Ice Machines Market’. It has its line of expertise in the form of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
“With HoReCa and pharmaceuticals verticals expanding at a substantial rate, the global flake ice machines market is expected to grow on a robust rate in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Flake Ice Machines Market
- North America holds the largest market share with the US being subject to flourishing food & beverages vertical (seafood, in particular). Flake ice machines are used in fishing vertical for preserving and transporting seafood products. Also, automation and smart sensors are being used in flake ice machines for enhancing reliability and efficiency of machines. Besides, the fact that the United States Clean Air Act has laid down regulations regarding emission of ozone-depleting substances (inclusive of the ones used as refrigerants in the flake ice machines) has compelled the key participants to use alternatives with minimal environmental impact.
- The Asia-Pacific is expected to grow at the quickest rate in the flake ice machines market going forward. This could be credited to governments promulgating usage of flake ice machines in the healthcare vertical for preserving tissues and organs. As far as food & beverages are concerned, Indian government has its ‘Pradhan Mantri Kisan SAMPADA Yojana’ for modernizing food processing vertical and creating infrastructure in this regard. Plus, the government of Japan has its ‘Japan Revitalization Strategy’ doled out in 2016 for promoting the food industry.
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Competitive Machines
- Ice-O-Matic, in the year 2020, came up with CIM0636FA Elevation Series ice machine designed for producing full-cube ice with reliability and efficiency of higher level. It is inclusive of numerous features for helping users maintain and monitor the machine. This includes water sensor and diagnostic display.
- Hoshizaki, in the year 2021, tabled KMEdge Xtra ice machine featuring a modular, slim, modular design allowing flexible installation options, that too, in tight spaces. It also contains a built-in antimicrobial agent for helping in aversion of growth of microorganisms.
- Scotsman, in 2021, put forth the Meridian Series (a novel line of ice machines) incorporating UV-C technology for sanitizing the interior of the machine and reducing risk of viruses and bacteria.
- Manitowoc, in 2021, came up with machines called ‘Indigo NXT’ that contains touchscreen display for simpler monitoring and operation.
- Arctic IceTech makes way for flake ice machines for several verticals like agriculture, concrete cooling, and seafood processing. These machines have been designed to be energy-efficient and could operate using solar power or wind.
- IcePlant does offer flake ice machines for several industries like hospitality, food processing, and healthcare. Personalized solutions are also offered.
What does the Report state?
- The research study is based on application (mine temperature reduction, food processing, preservation and cooling field application, medical facilities, concrete cooling project, and skiing & other sports), by cooling method (air cooled and water cooled), by storage capacity (up to 250 Kg, 250 to 750 Kg, and above 750 Kg), and by end-user (household, commercial, and industrial).
- With packaged ice increasingly being used in several applications like transportation, healthcare, retail, and food service, the global flake ice machines market is expected to grow on a good note in the forecast period.
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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
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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