According to Future Market Insights (FMI), the market for ice cream processing equipment will be valued at US$ 2.1 Billion by 2021 and beyond, growing at a CAGR of over 3.5% over the next ten years.
Production of automated ice cream machinery has increased along with the demand for ice cream and other dairy products. Due to shifting eating habits and the demand for new ice cream flavours, manufacturers have been compelled to invest in state-of-the-art automated ice cream manufacturing equipment.
Following the COVID-19 outbreak, the market grew annually (YoY) at a 3.5% CAGR in the years 2020 to 2021. The strict limitations imposed by the pandemic were loosened, hastening the food industry’s steady but slow recovery. The global market should benefit from this, experts predict.
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During the FQ-20, surging demand from consumers for packaged frozen ice cream and desserts has helped the market to sustain growth. In the following years growth will continue on account of the increasing demand for low-fat and organic ice cream.
Backed by this, the market is expected to reach a shipment of 56,000 units during forecast period.
Key Takeaways from FMI’s Ice cream Processing Equipment Market Study
- In terms of product type, hard ice cream processing equipment segment is expected to lead the market
- Continuous freezers segment is expected to be the largest segment, expanding at 4.8% CAGR during the forecast period
- Molding equipment is expected to register fastest growth based on equipment type, followed by extrusion equipment
- India is expected to witness high growth owing to the increasing demand for natural and organic flavored ice cream
- China is expected to be one of the most lucrative country in East Asia for ice cream processing equipment market
- The U.S. is anticipated to retain its dominance, registering steady growth at over 3.6% CAGR during the forecast period
- Italy and Germany are identified as key producers, and will spearhead the growth of Europe’s ice cream processing equipment market
- South Korea and Japan, collectively, are expected to register growth at 4% CAGR in 2021
“Increasing consumption of ice cream, technological advancements and growing urbanization in developing economies including India and China are expected to create lucrative growth opportunities in Asian countries,” says the FMI analyst.
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Vendor Landscape
The global ice cream processing equipment market is highly fragmented owing to the presence of numerous local and established players.
Future Market Insights has identified some key players in the market such as 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.
Leading players in the market are establishing new plants and introducing new products to gain competitive edge in the industry. Forming alliances with key companies and local players is another strategy adopted by key manufacturers to sustain their position.
For instance, in June 2021, ice cream producer Dreyer’s Grand Ice Cream announced the expansion of its two production line for Drumstick Products. The company announced the investment of US$ 145 million of its new plant in Indiana, U.S.
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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
- South East Asia & Oceania
- 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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