Ice cream machinery market study projects segment rise to $13 billion by 2033
The ice cream machinery market is showing continued upturn. Pic: Megan Bucknall
Latest global figures have revealed that the ice cream processing equipment market stood at $9.3 billion in 2022, with a projected rise to $13.6 billion within the next decade, according to a fresh sector study, reports Neill Barston.
The market review from Future Market Insights, has forecast that there will be around 3.5% CAGR growth from 2023 to 2033, as the wider food and drink sector machinery market shows positive signs of resilience around the world against a backdrop of continued demand for sweets and snacks.
As the research noted, ice cream processing equipment are becoming increasingly common as the food and beverage sector switches its emphasis to the idea of greater homemade products, with the segment receiving notable levels of media attention that has bolstered sales. The principle reason for the rises has been attributed to the flexibility of such equipment in also being able to process yogurts, sorbets, and other frozen goods within the wider category.
Notably, the research asserted that production methods for ice cream manufacturing made it a comparatively low risk sector in terms of food safety, which had been a further factor in the recent boost of sales in the segment, with overall demand for ice cream experiencing stable growth.
According to the study, there has been an ongoing innovation trend of offering a greater range of taste options available, with manufacturers expanding their product offerings to cater to the increasing demand for ice cream and its processing equipment. For instance its research noted that Tetra Pak has planned to introduce a new range of ice cream processing equipment to produce a variety of colours’ and flavours of organic ice cream to attract a greater consumer base.
Furthermore, the study noted that changing consumer lifestyles and rise in disposable income, especially in developing economies such as India and China, are expected to spur the growth. The shift towards Shift towards a preference for organic ranges has also been driven by consumer interest.
In addition, the demand for innovative flavors and organic packaging has reportedly compelled manufacturers to replace their existing facilities with new automated ones. Growing preference for organic food products and clean label ingredient is expected to encourage the adoption of automatic ice cream processing equipment.
While the report noted that the comparatively significant costs of investing in new machinery had proved a barrier to growth for some smaller manufacturers. The company noted that manufacturers are increasingly switching to fully automatic lines that reduce error rate and improve efficiency.
