Global Ice Maker Market Analysis: Trends, Growth, and Forecast 2023-2028
Global Ice Maker Market Research Report: Forecast (2023-2028)
Market Overview
The Global Ice Maker Market is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28. This growth is primarily driven by the increasing demand for ice across various end-users, including quick and full-service restaurants, hotels, convenience stores, and breakrooms. The rising consumer preference for cold beverages, especially in hot climates, has significantly boosted the need for a steady ice supply. Consequently, businesses in the hospitality sector are equipping themselves with ice makers to ensure customer satisfaction.
Key Driver
The burgeoning food & beverage industry, encompassing soft drinks, alcoholic beverages, smoothies, and specialty drinks, has witnessed notable growth in recent years. These beverages often require ice to maintain their quality and enhance the overall customer experience. As a result, hospitality businesses need ice makers to ensure a steady supply of ice for their beverage offerings.
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Market Segmentation
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Key Companies Profiled
Recent Developments
2022: AstroAI launched a nugget ice maker brand- HiCOZY. With its unique Quicool technology, the highly-efficient compressor makes ice in just 5 minutes, approximately 3 times faster than the market average, and produces 55lb of ice per day.
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