Clear Ice Maker Market to Grow with a CAGR of 6.5% Globally through to 2028
Increasing demand for clear ice from the foodservice
industry and households, growing popularity of cocktails and other drinks that
are made with clear ice are factors driving the global clear ice maker market
in the forecast period 2024-2028.
According to TechSci Research report, “Global Clear
Ice Maker Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Clear Ice Maker Market stood at USD 2.31
billion in 2022 and is anticipated to grow with a CAGR of 6.5% in the forecast
period, 2024-2028. The Clear Ice Maker Market is experiencing significant
transformation, driven by various trends that cater to the needs and
preferences of consumers and businesses. These trends include the rise of home
mixology, sustainability, technological advancements, diverse ice shapes and
sizes, health and hygiene concerns, and the market's expansion into commercial
applications. As the industry continues to evolve and innovate, these trends
are expected to shape the future of the Clear Ice Maker Market, making it a
dynamic and competitive landscape.
The
Clear Ice Maker Market has witnessed remarkable growth driven by various
factors. The rising demand for premium cocktails, the home mixology trend,
eco-friendly and energy-efficient solutions, technological advancements,
diverse applications, and a focus on consumer health and hygiene have all
played a significant role in shaping this market. As the industry continues to
evolve and innovate, it is likely that these drivers will continue to influence
and expand the Clear Ice Maker Market in the coming years.
Browse over 26 market data Figures spread
through 182 Pages and an in-depth TOC on "Global Clear Ice Maker Market”
The Clear Ice Maker Market has witnessed substantial
growth and transformation in recent years. This market revolves around the
production and distribution of clear or crystal-clear ice, which is ice that is
free from impurities, air bubbles, and cloudiness. Clear ice is sought after
for its aesthetic appeal, purity, and its ability to enhance the quality of beverages,
particularly in the cocktail and beverage industry. The Clear Ice
Maker Market has experienced significant growth due to a range of factors,
including changing consumer preferences, technological advancements, and the
diversification of applications across various industries. The market's
expansion has been noticeable in both residential and commercial segments. Home mixology and the desire
for premium ice at home have driven the adoption of clear ice makers among
residential users. The pursuit of artisanal cocktails and a growing interest in
mixology have fueled the demand for these appliances in households. Compact and
affordable clear ice makers designed for home use have become increasingly
popular. Commercial establishments, including bars, restaurants,
hotels, and event venues, have embraced clear ice makers to meet the demands
for premium cocktails and beverages. The market has expanded into healthcare,
where clear ice is used for patient hydration and ice pack preparation. The
trend of home mixology, encouraged by online platforms and cooking shows, has
led to an increased demand for clear ice makers in residential settings.
Consumers aspire to replicate the bar-quality experience at home, boosting the
market for compact, consumer-friendly clear ice makers.
The Global Clear Ice Maker Market is segmented into
type, application, source, form, distribution channel, regional distribution,
and company. The growing popularity of premium cocktails has been a driving force in
the market. Clear ice is essential for maintaining the quality and aesthetic
appeal of these beverages, attracting both individual consumers and businesses
seeking to enhance their offerings.
The Global Clear Ice Maker Market is segmented into
type, application, distribution channel, regional distribution, and company. Based on type, the Clear Ice Makers market
segmentation includes flake ice makers, ice cube makers, nugget ice makers, and
others. The flake ice makers segment dominated the market; this is because
flake ice is clear, refreshing, and melts slowly, making it ideal for a variety
of applications, such as cocktails, drinks, and seafood and flake ice is clear. Based on region, the North America clear ice makers
market area is dominating this market, owing to technological advances and the
high proportion of purchases of electronic devices among demographic groups.
The foodservice industry is the major consumer of clear ice, and North America
has a large and well-developed foodservice sector.
Major companies operating in Global Clear Ice
Maker Market are:
- Welbilt Inc.
- Electrolux AB
- Sunpentown Inc.
- Hoshizaki Corporation
- NewAir
- Igloo Products Corp.
- Koller Refrigeration & Equipment
- Cornelius, Inc.
- Scottish Ice Cream Machines
- Whynter LLC
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“The Clear Ice Maker Market has experienced
exponential growth in recent years. Fueled by the increasing demand for premium
cocktails and a surge in home mixology, this market has expanded significantly.
Clear ice makers, once considered a luxury, are now a staple in bars,
restaurants, and homes. Technological advancements have made these machines
more user-friendly, while the emphasis on sustainability and health has further
driven adoption. The market has diversified its applications across various industries,
from hospitality to healthcare, and the desire for diverse ice shapes and sizes
has opened up new possibilities. Clear ice makers continue to carve a prominent
presence in both residential and commercial settings, making them a dynamic and
evolving market.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Clear Ice
Maker Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Flake Ice Makers, Ice Cube Makers, Nugget Ice Makers,
Others), By Application (Residential, Commercial), By Distribution Channel
(Online, Offline), By Region, By Competition, 2018-2028”, has
evaluated the future growth potential of Global Clear Ice Maker Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Clear Ice Maker Market.
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