Press release
Ice Cream Processing Equipment Market is expected to surpass a valuation of US$ 2.1 Bn in 2021
With the increasing consumption of ice cream and other dairy products, the manufacturing of automated ice cream machinery has increased. Evolving eating habits and demand for innovative flavors of ice cream have compelled manufacturers to switch to advanced automated ice cream manufacturing machinery.
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Following the outbreak of COVID-19, the market registered year-on-year (YoY) growth at 3.5% CAGR during 2020-21. Relaxation of stringent restrictions imposed during the pandemic has helped in the gradual recovery of the food sector. This is expected to bode well for the global market.
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 the forecast period.
Key Takeaways from FMI’s Ice cream Processing Equipment Market Study
In terms of product type, the hard ice cream processing equipment segment is expected to lead the market
The 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 the fastest growth based on equipment type, followed by the 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 countries in East Asia for the 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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Key Questions Answered in the Report
What is the current ice cream processing equipment market value?
The ice cream processing equipment market is expected to surpass a valuation of US$ 2.1 Bn in 2021
At what rate did the ice cream processing equipment market grow between 2016 and 2020?
The ice cream processing equipment market witnessed sluggish growth at over 2.5% CAGR between 2016 and 2020.
What are the key trends driving ice cream processing equipment sales?
Increasing consumption of ice cream and technological advancements to develop automated ice cream processing equipment is expected to drive the sales of ice cream processing equipment.
Who are the leading players of ice cream processing equipment?
Tetra Pak, Gram Equipment A/S, GEA Group, TEKNO ICE SRL, and Technogel SPA are the top players leading the ice cream processing equipment market.
What will be the demand outlook for North America ice cream processing equipment market?
Demand for ice cream processing equipment across North America is projected to rise at over 3.6% CAGR during the forecast period.
At what rate is Europe’s ice cream processing equipment market projected to grow during the forecast period?
Sales of ice cream processing equipment across Europe are set to rise at nearly 3.2% CAGR during 2021 and 2031.
Which are the top countries driving the ice cream processing equipment market demand?
According to Future Market Insights, China, Italy, and Germany are the key producers of the global ice cream processing equipment market.
What is the market share of leading players in the ice cream processing equipment market?
Leading players in the global ice cream processing equipment market are expected to contribute around 17% of the total market share.
What is the current market share of Japan and South Korea in the global ice cream processing equipment market?
South Korea and Japan, collectively, will account for over 4% market share of the global ice cream processing equipment market in 2021.
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 a 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 lines for Drumstick Products. The company announced the investment of US$ 145 million of its new plant in Indiana, U.S.
Also, according to Future Market Insights, Tetra Pak is one of the leading players dominating the ice cream processing equipment market. Tetra Pak specializes in complete solutions for processing, packaging, and distributing food products, especially popular for ice cream and cheese products.
A few years back Tetra Pak launched a high-capacity extrusion line most efficient solution for the large-scale production of ice cream sticks and sandwiches. This company has the most and highest efficient continuous freezer and high precision cutting equipment that guarantees a uniform product with high stability and effective temperature control at every stage, perfecting the product thickness.
As per FMI, currently, Tetra Pak holds the majority of the ice cream processing equipment market share of over 7% and is dominating the global market.
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What Else is in the Ice Cream Processing Equipment Market Report?
The research report analyzes the demand for ice cream processing equipment across the globe. The ice cream processing equipment market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed based on product type, equipment type, operations, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand sides.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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