Ice Cream Makers Market is predicted to reach USD 122,789.4 billion at a CAGR of 5.00% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Ice Cream Makers Market”.

The Ice Cream Makers Market is estimated to register a CAGR of 5.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Ice Cream Makers Market—Tekno-Ice, Catta 27, Vojta, DONPER, Ice Group, Big Drum Engineering GmbH, Guangshen, MKK, Gram Equipment, and Tetra Pak.

Market Highlights

The global Ice Cream Makers Market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 122,789.4 billion by 2032.

The global Ice Cream Makers market is anticipated to experience growth driven by factors such as rising consumer spending on fast food, extensive research and development efforts to introduce innovative product varieties, and the widespread availability of Ice Cream products.

Segment Analysis

The global Ice Cream Makers Market has been segmented based on Product Type and Application.

Based on the product type, the market is segmented into hard ice cream machines and soft ice cream machines. The Soft Ice Cream Machine segment was attributed to holding the largest market share in 2023. With features such as a spout facilitating the incorporation of nuts and cookies, the soft ice cream machine segment is poised to capture a significant portion of the global market. Control buttons on these machines enable users to select their desired dessert type.

Based on the application, the Ice Cream Makers Market has been segmented into the catering industry, entertainment venues, shops, plants, and other sectors. The Catering Industry segment was expected to hold the largest market share in 2023. The catering industry holds the largest market share due to the growing demand for ice creams within this sector. Additionally, the wide availability of diverse flavors and tastes significantly contributes to the dominance of catering applications in the market.

Regional Analysis

The global Ice Cream Makers Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Ice Cream Makers Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Ice Cream Makers Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Ice Cream Makers Market comprises the Middle East, Africa, and Latin America.

The largest market share for the Ice Cream Makers Market was maintained by the North American regional sector. In North America, there has been a notable shift towards healthier food choices among individuals, as reported in a May 2021 survey published in Food Insights. Approximately 60% of the region's population now favors healthier alternatives for popular food items like confectionery, desserts, and ice creams. This growing preference for premium ice creams and international flavors has contributed to a significant rise in per capita ice cream consumption in the United States over recent decades. Specifically, in 2022, per capita ice cream consumption increased by 1.3% compared to the previous year, 2021.

Moreover, the Europe market has been persistently growing over the forecast period. The European market has undergone significant changes as major companies have adjusted their product offerings to align with consumer interests and demands. Ice cream, once considered a purely indulgent treat, has now transformed into a popular snacking option embraced by consumers. In 2022, the European Union (EU) produced 3.2 billion liters of ice cream, representing a 5% increase from the previous year. Germany emerged as the leading ice cream producer in 2022, producing 620 million liters, followed by France with 591 million liters and Italy with 571 million liters. Notably, Germany also boasted the lowest average price for ice cream at €1.5 per liter. France reported an average price of €1.9 per liter, while Italy reported €2.3 per liter. Austria produced the most expensive ice cream, priced at an average of €7.0 per liter, followed by Denmark at €4.4 per liter and Finland at €2.8 per liter. With rising disposable incomes, European consumers increasingly indulge in ice cream, driving steady growth in the regional market.

The Asia Pacific region has seen a surge in demand, particularly among younger consumers. In 2021, China produced 2,214,000 metric tons of ice cream, marking a 5.91% increase. From 2020 to 2022, the ice cream business revenue of China's dairy giants, Yili Group and Inner Mongolia Mengniu Dairy (Group) Co., Ltd., soared from 6.16 billion yuan to 9.57 billion yuan and from 2.7 billion yuan to over 5.65 billion yuan, respectively. Both companies experienced impressive year-on-year growth of more than 33% in 2022. To meet the growing preference for premium products, key manufacturers have been introducing a variety of offerings. For instance, in September 2021, Havmor, a renowned brand in India, unveiled the "world cone," the largest ice cream cone in the country, featuring three flavors: Swiss Choco Brownie, Double Belgium Chocolate, and Nutty French Vanilla.

Furthermore, the rest of the world's Ice Cream Makers Market is divided into the Middle East, Africa, and Latin America. The projected increase in disposable income, coupled with the growing popularity of ice cream in these regions and the expanded presence of key companies, is expected to drive favorable growth rates in the coming years. In 2022, Brazil's ice cream exports reached $32 million, ranking it as the 31st largest exporter of ice cream globally. Additionally, ice cream ranked as the 407th most exported product from Brazil during the same year. The primary destinations for Brazilian ice cream exports include the United States ($24.8 million), the United Arab Emirates ($1.7 million), Paraguay ($1.08 million), Australia ($1.01 million), and Argentina ($724,000).

Key Findings of the Study

• The global Ice Cream Makers Market is expected to reach USD 122,789.41 billion by 2032, at a CAGR of 5.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of the increasing consumption of a variety of ice creams, availability of low-cost machines, and rising export of manufacturing equipment.


• 
  Based on product type, the soft ice cream machine segment was attributed to holding the largest market in 2023, with an approximate market share of 55–60%
  


• Tekno-Ice, Catta 27, Vojta, DONPER, Ice Group, Big Drum Engineering GmbH, Guangshen, MKK, Gram Equipment, and Tetra Pak are the key market players.