Global Ice Cream Fabrication Equipment Market - 2019-2026
Icecream fabrication equipments are designed for making ice cream with industrial stainless steel material. The icecream making involves various machines including batch freezer pasteurizing machine, blast chillers, making, storing equipments, refrigerator cabinets and many other equipments. For effective range of ice cream equipments high grade quality raw material is required with advent of advanced technology. The ice cream freezers are designed with quality norms and industry standards. The global Icecream fabrication equipment market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for icecream fabrication equipment with increasing entertainment, and media the due to surge in purchasing power of the people. As per the Motion Picture Association of America, the global entertainment box office spending was valued around USD 35.9 billion in 2013 increased from 29.4 billion in 2009. Furthermore increase in the food processing industry demand with surge in population in the developing countries will boost the icecream fabrication equipment market during the forecast period. As per the Ministry of Food Processing Industries by Government of India in 2017, demand for plant and machinery in the food processing sector as was valued around USD 17.3 billion in India and is projected to reach about USD 51.41 billion by 2025.
There is a rise in the launch of new innovative technology implemented with highest accuracy and icecream fabrication equipment. For instance, in 12 Feb, 2020, McDonald's has been collaborated with Kytch Company for developing new technology icecream equipments to help employees for managing. Thus the Company has developed automated cleaning cycle for ice cream machine to avoid malfunctions and breakdown of icecream.
The global Icecream fabrication equipment market is segmented based on product type, end user and region. In terms of product type the global icecream fabrication equipment marker is bifurcated into hard ice cream equipment and soft ice cream equipments. Among this soft icecream equipment segment has highest share in 2019 owing to increasing demand in the retail shops, malls and many other street food trucks by the people.
Similarly, hard icecream equipment segment also increasing at fastest pace owing to surge in the adoption dairy production with increasing the demand of the people around the globe.
Depending on the end-user, the global icecream fabrication equipment is segmented into food processing plants, malls, shop, and others. Among this, food processing plants segment has the highest market share in 2019 due to rise in icecream production by the manufacturers in the developing region like China, India and Brazil.
Similarly, malls, and shop segment has the highest market share owing to increase in the consumer spending with surge in the income of the people around the globe.
By region, the global Icecream fabrication equipment market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is dominated region for the global icecream fabrication equipment market and expected to grow at the highest CAGR during the forecasted period due to presence of food equipment manufacturing companies and surge in consumer spending. According to the Ministry for Food Processing Industries of Government of India in 2016, the food processing and packaging equipments were registered of around Euro 1.4 billion in Asian countries. As per this organization, India has been imported food processing and packaging machines including icecream fabricated equipments worth Euro 136 million from the Germany.
North America and Europe region are also growing at faster pace due to increase in the purchasing power of the people and rising the entertainment and media spending. Icecream fabrication equipments are manufactured in many countries in Europe. As per the Ministry for Food Processing Industries of Government of India, food processing equipments stands for 6.5 percent of the total German machinery production in the Europe. Germany is the largest exporter of food processing machinery including icecream fabrication. As per the above organization in 2016, Germany has exported food processing machineries worth around Euro 8.3 billion in 2016.
The global Icecream fabrication equipment market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Tetra Pak, Spaceman, Carpigiani, Catta 27, Bravo, Stoelting, Alpine Freezer, Nissei, Technogel, Big Drum Engineering GmbH, Gram Equipment, Carpigiani, Guangshen, Ice Group, Donper are the leading market players with significant market share.
Major players are receiving launching new technology advanced icecream fabrication equipments like freezers, and other blending machines. For instance, on 25th Nov 2018, Taylor Company has been introduced the new compact countertop freezer which can be helpful to store the icecream and other frozen stuff.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 18th May 2018, the Middleby Corporation has been acquired the Taylor Company from around USD 1.0 billion. Taylor Company is the global leader provider of soft serve and ice cream dispensing equipment, and beverage solutions, frozen drink machines, and many other types of equipment.
*The global Icecream fabrication equipment market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages.