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The Global Ice Cream Processing Equipment Market size is estimated to grow by USD 1,949.64 million at a CAGR of 3.79% between 2022 and 2027. The growth of the market depends on several factors, including an increase in the number of parlors, shelf life extension of food products, and the increasing popularity of plant-based ice cream.
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Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The market growth analysis report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The growth of the industry is being propelled by the increasing number of ice cream parlors. The shift from traditional to organized formats has accelerated growth in various end-user industries. Consumers' busy lifestyles have made convenience and value important, leading many end-users to offer a variety of products under one roof, such as gelatos. As a result, customers are increasingly purchasing from parlors, emphasizing the importance of organized parlors. This has led to an increase in sales of ice cream processing equipment.
Moreover, Havmor Ice Cream Company Private Limited (Havmor) is expanding its market presence, particularly in Delhi, India. The company has partnered with ITC Master Chef Partners to launch 100 mobile carts selling frozen snacks, across Delhi NCR. It aims to establish direct distribution through branded freezers and increase the number of retail outlets in the coming years. These expansions are expected to drive the growth of the industry, thereby propelling the growth of the market during the forecast period.
The market is witnessing emerging trends in the form of business strategies adopted by companies. To strengthen their market position in the vegan food industry, Companies are investing in expanding their product portfolio, including vegan food products and vegan ice cream, which will increase their sales revenue and drive market growth during the forecast period.
Moreover, Companies are pursuing diverse business strategies, such as partnerships and collaborations, with end-users and distributors to enhance their distribution channels and upgrade their product portfolios. For example, in May 2021, the Co-operative Group Ltd. partnered with Unilever plc (Unilever) to launch Europe's first smart vending machine. The vending machine features a near-field communication tag with a QR code that connects to a smartphone app, demonstrating innovative developments that are expected to drive the growth of the market trends during the forecast period.
A major challenge impeding the market is the prevailing market for second-hand ice cream processing equipment. Many end-users prefer to purchase used processing equipment, as it guarantees high-quality output and allows them to save on equipment purchase costs. Small end-users in emerging economies, who seek improved features and better quality equipment but are hesitant to spend a significant amount of money, are opting for second-hand processing equipment.
Furthermore, the online market for such equipment is expanding in developed nations, with popular online marketplaces such as eBay Inc. (eBay), Gumtree.com Limited (Gumtree), and Burkett Restaurant Equipment selling second-hand freezer equipment. The increasing preference for and purchase of used equipment is adversely affecting the sales of new equipment, which will be a significant factor restricting market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BRAVO Spa - The company offers equipment such as Gelato, Confectionery, Chocolate, and Ho.Re.Ca. The key offerings of the company include ice cream processing equipment.
Our market growth and forecasting report includes detailed analyses of the market’s competitive landscape and offer information on 20 market Companies, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies Companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market share growth by the soft ice cream segment will be significant during the forecast period. The segment was valued at USD 6,879.23 million in 2017 and continued to grow until 2021. Soft ice cream processing equipment is used for softening and decreasing the density by lowering the milk fat (3 to 6 %) and ice cream (10 to 18%) and is manufactured at a temperature of roughly 4 degrees C (25 degrees F) compared with ice cream, which is stored at 15 degrees C (5 degrees F). Air is incorporated into soft serve during the freezing process. The air content, known as overrun, can range from 0% to 60% of the total volume of the completed product. The amount of air used influences the flavor of the end product. Low-air-content products have a strong, chilly flavor and appear more yellow. Ice creams with a higher air content taste creamier, smoother, and lighter and appear whiter. The optimum quantity of air is determined by other ingredients, if any, and individual taste. Generally, the ideal air content should be between 33 and 45 percent of the volume. If more than this, the product loses taste, tends to shrink as it loses air, and melts more quickly than that with less air. With less than 33 to 45 percent, the product will not melt as quickly but will not taste good. Hence, such factors are expected to fuel the growth of the segment in the global market during the forecast period.
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Under the type segment, homogenizers and mixing equipment are leading the market growth. Homogenizer and mixing equipment are equipment that is used to create a uniform and consistent mixture. It works by breaking the components and evenly distributing them throughout the solution. It provides a smooth and homogeneous distribution of particulate powder and aroma products added to the mixture. The homogenizer, which is used in the production process, improves shelf life by increasing the quality. The homogenization process offers numerous benefits. Firstly, it enhances the taste and flavor, resulting in a softer texture. Additionally, it reduces crystallization and prevents icing problems, leading to a more stable structure in the cream. Homogenization also contributes to the prolongation of the melting time and facilitates digestion, thereby improving the consistency of the ice cream. Furthermore, the process is energy-efficient and contributes to low energy consumption while providing maximum efficiency. Hence, due to the above-mentioned factors, the demand for homogenizers and mixing equipment is expected to rise in the global market during the forecast period.
APAC is estimated to contribute 39% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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North America is the largest contributor to the global market, thanks to its many food service industries and consumers' sophisticated food requirements. Due to the need to import and store frozen food products like ice creams and gelato, which require freezing, the demand for such products has been on the rise. In addition, the growing disposable incomes and increasing urban population in the region are other factors that will drive the market's growth. Companies of frozen food products are investing in expanding their production capabilities in North America to meet the rising demand from consumers, leading to an increase in demand in the region.
New flavor launches and the launch of low-fat products are significant trends emerging in this market. For instance, Oatly Group AB (Oatly) recently announced the launch of a vegan bar line in the US, which is available in four flavors, including chocolate fudge, strawberry swirl, salted caramel, and vanilla. As such, these trends are expected to propel the growth of the regional market during the forecast period.
The Ice Cream Processing Equipment Market caters to the diverse needs of the food & beverage industry, offering cooling, folding, and milk processing equipment for producing a variety of frozen products like ice cream, yogurts, and sorbets. With a focus on hygiene and contamination prevention, manufacturers like Carpigiani and Big Drum Engineering provide innovative solutions for desserts and frozen goods, minimizing product waste and ensuring profitability. Market trends indicate a growing demand for healthy ice cream packaging and organic flavors, reflecting consumer preferences for natural products. Chinese and Indian players are emerging as key contributors, while advancements in technology drive efficiency improvements and reduce errors in production. As per capita incomes rise and eating habits evolve, the global ice cream market continues to expand, with technological innovations and plant-based options meeting the demands of consumers worldwide.
The market forecasting report includes research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Market Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.79% |
Market growth 2023-2027 |
USD 1,949.64 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.27 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Germany, France, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alfa Laval Corporate AB, Ali Group Srl, BRAVO Spa, CATTA 27 SRL, Co-operative Group Ltd., Donper USA, Electro Freeze, GEA Group AG, Goma Engineering Pvt. Ltd., Gram Equipment AS, Ice Group Sp z o.o., ROKK Processing Ltd., Shenzhen Oceanpower Food Equipment Tech Co. Ltd., Spaceman Ice Systems Co. Ltd., SPX FLOW Inc., Taylor Freezer Sales Co., Technogel Spa, Teknoice S.r.l, Tetra Pak Group, VOJTA Equipment s.r.o., and Win Equipment BV |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market research and growth report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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