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Ice Market 2023: Analysis And Forecast, Recent Developments Trends, CAGR Analysis, Top Players And Outlook
Ice Market
Ice Market Size, Growth Rate, And Forecast
The global ice market size is expected to grow from $5.19 billion in 2022 to $5.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ice market size is expected to reach $7.23 billion in 2027 at a CAGR of 6.7%.
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Ice Market Drivers
The growing demand for alcoholic beverages is expected to propel the growth of the ice market going forward. Alcoholic beverages refer to drinks that contains ethanol and are produced by fermenting high-carbohydrates food. Ice is used in alcoholic beverages to chill the drinks faster and slower their dilution. The growing demand for chilled alcoholic beverages is creating demand for ice.
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Ice Market Segments
1) By Type: Ice Cube, Ice Flake, Ice Nugget
2) By Capacity: Below 50 Ice Cubes, 50-150 Ice Cubes, 150-250 Ice Cubes, Above 250 Ice Cubes
3) By Distribution Channel: Supermarkets And hypermarkets, Convenience Stores, Online Retail, Other Distribution Channel
4) By Application: Foodservice, Retail, Healthcare, Residential, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Ice Market.
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Ice Market Key Players
Major competitors in the Ice Market include Cornelius Inc., Minnesota Ice, Arctic Glacier, Clear Ice LLC, Genesee Block Ice Company, Ice Art, Goldengoa Ice Cubes Private Limited, Bow Ice Cubes Ltd., Icelings, and The Ice Co
The Business Research Company's "Global Ice Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Ice Market Include:
1. Executive Summary
2. Ice Market Characteristics
3. Ice Market Trends And Strategies
4. Ice Market - Macro Economic Scenario
5. Ice Market Size And Growth
.......
26. Africa Ice Market
27. Ice Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ice Market
29. Ice Market Future Outlook and Potential Analysis
30. Appendix
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Executive Summary
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Ice in these regions, from 2012 to 2023 (forecast), covering
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America…
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Rising product adoption for preparing smoothies, sorbets, and shakes will enhance…
