The Ice Global Market Report 2023, provides comprehensive information on the ice market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Ice Market’s Growth:
https://www.thebusinessresearchcompany.com/report/ice-market-global-market-report
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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Technological innovation is a key trend gaining popularity in the ice market. Companies operating in the ice market are adopting new technologies to sustain their position in the market. For instance, in October 2022, AstroAI, a China-based automotive company, and HiCOZY, a US-based ice maker company launched the new nugget ice maker based on ‘Quicool technology’. This technology provides a highly efficient compressor that enables the creation of ready-to-use ice up to 55lb of ice daily within five minutes, which is 3 times faster than ordinary freezing.
The ice market is segmented:
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
North America was the largest region in the ice market in 2022.
The table of contents in TBRC’s ice market report includes:
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
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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
Top Major Players:
- Cornelius Inc
- Minnesota Ice
- Arctic Glacier
- Clear Ice LLC
- Genesee Block Ice Company
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