The ice cream processing equipment market sales to grow at over 3.2% CAGR in next ten years, reaching market valuation of US$ 2.1 Billion through 2021 2031

As demand for ice cream and other dairy products has increased, so has production of automated ice cream equipment. Manufacturers have been forced to invest in cutting-edge automated ice cream manufacturing equipment by changing eating habits and the demand for new ice cream flavours.

Following the COVID-19 outbreak, the market grew annually (YoY) at a 3.5% CAGR in the years 2020–21. The strict limitations imposed by the pandemic were loosened, hastening the food industry's steady but slow recovery. The global market should benefit from this, experts predict.

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During the FQ-20, surging demand from consumers for packaged frozen ice cream and desserts has helped the market to sustain growth. In the following years growth will continue on account of the increasing demand for low-fat and organic ice cream.

Backed by this, the market is expected to reach a shipment of 56,000 units during forecast period.

 Key Takeaways from FMI’s Ice cream Processing Equipment Market Study

• In terms of product type, hard ice cream processing equipment segment is expected to lead the market
• Continuous freezers segment is expected to be the largest segment, expanding at 8% CAGRduring the forecast period
• Molding equipment is expected to register fastest growth based on equipment type, followed by extrusion equipment
• India is expected to witness high growth owing to the increasing demand for natural and organic flavored ice cream
• China is expected to be one of the most lucrative country in East Asia for ice cream processing equipment market
• The U.S. is anticipated to retain its dominance, registering steady growth at over 6% CAGRduring the forecast period
• Italy and Germany are identified as key producers, and will spearhead the growth of Europe’s ice cream processing equipment market
• South Korea and Japan, collectively, are expected to register growth at 4% CAGRin 2021

 “Increasing consumption of ice cream, technological advancements and growing urbanization in developing economies including India and China are expected to create lucrative growth opportunities in Asian countries,” says the FMI analyst. 

Table of Content

1. Executive Summary        1.1. Global Market Outlook        1.2. Demand Side Trends        1.3. Supply Side Trends        1.4. Configuration Roadmap        1.5. Analysis and Recommendations 2. Market Overview        2.1. Market Taxonomy        2.2. Market Definition