From 2016 to 2020, the market for ice cream processing equipment registered sluggish growth at a CAGR of 2.5%. Increasing consumption of ice cream and growing disposable income across the globe are spurring the market growth.
Ongoing fashion of innovation in taste and appearance of ice cream is probable to impact the ice cream processing device marketplace. To cater to the increasing call for ice cream and its processing system, manufacturers are expanding their product offerings.
However, thanks to the rollout of vaccination across the globe, the market registered steady year-on-year growth at 3.5% CAGR during 2020-21. As the demand for innovative flavors and organic products will continue growing, the market is expected to gain momentum over the assessment period.
For example, a leading company within the ice cream processing device marketplace, Tetra Pak, has planned to introduce a new range of ice cream processing systems to produce a variety of colors and flavors of organic ice cream to draw the purchaser base.
Along with this, changing purchasers’ way of life and upward push in disposable income, especially in growing economies such as India and China, are expected to spur the boom. The shift in the direction of a natural lifestyle has motivated the flavor of customers today.
The growing choice for natural and organic ice cream flavors is expected to create rewarding increase possibilities for the growth of the market.
Key Players:
- Tetra Pak
- Gram Equipment A/S
- GEA Group
- TEKNOICE S.R.L.
- Technogel S.p.A.
