LAMEA Ice Maker Market Size, Share & Industry Trends Analysis Report By Application (Food Service, Food Processing, Healthcare, Retail Outlets), By Product Type (Modular, Undercounter, Countertop and Ice Dispensers), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Ice Maker Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
The typical portable ice maker creates ice. This means that user won't have to wait for the ice trays to freeze, wash them, store them, or try to fit them all in the freezer. Numerous standalone ice makers need a floor drain or another method to dispose of extra water from melted ice cubes. Countertop ice makers are very simple and suitable for children and the elderly. When using one of these ice makers, the user is just required to add water to the tank, turn it on, and leave it for a few minutes to find perfectly frozen ice ready for use. These benefits of ice makers are predicted to surge their demand in both residential and commercial sectors.
Processed meat mixes like emulsions and sausages include flake ice. Because of its size and form, flake ice is perfect for blending into products because it won't clump in meat mixes or emulsions. When packaging goods for shipping, flake ice is a superior option. Moreover, transport containers in trucks or rail cars can be covered with flake ice. Therefore, rising demand for flake ice is estimated to surge the growth of ice maker market.
The UAE's expanding working population fuels the demand for frozen foods in the region. As a result, people's eating habits have shifted, and ready-to-eat foods and the trend of dining on the go have gained popularity. In addition, the business is expected to increase in the next years due to the country's robust distribution channels for frozen goods. Saudi Arabia, like other Gulf states, relies significantly on food imports to meet domestic demand due to low food production rates. These factors have boosted the demand for ice makers in the LAMEA region so that food products may be transported and preserved.
The Brazil market dominated the LAMEA Ice Maker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $70.8 Million by 2028. The Argentina market is experiencing a CAGR of 7.5% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 6.7% during (2022 - 2028).
Based on Application, the market is segmented into Food Service, Food Processing, Healthcare, Retail Outlets and Others. Based on Product Type, the market is segmented into Modular, Undercounter, Countertop and Ice Dispensers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Ice Maker Market is Projected to reach USD 3.1 Billion by 2028, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MiddleBy Corporation, Hoshizaki Corporation, Manitowoc, Inc. (Pentair plc), U.S. Ice Machine Manufacturing Co., A & V Refrigeration, Ali Group S.r.l., Cornelius, Inc. (Marmon Foodservice Technologies, Inc.) (Berkshire Hathaway, Inc.), Howe Corporation, North Star Ice Equipment Corporation and Whynter LLC.
Scope of the Study
Market Segments Covered in the Report:
- Food Service
- Food Processing
- Retail Outlets
By Product Type
- Ice Dispensers
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- MiddleBy Corporation
- Hoshizaki Corporation
- Manitowoc, Inc. (Pentair plc)
- U.S. Ice Machine Manufacturing Co.
- A & V Refrigeration
- Ali Group S.r.l.
- Cornelius, Inc. (Marmon Foodservice Technologies, Inc.) (Berkshire Hathaway, Inc.)
- Howe Corporation
- North Star Ice Equipment Corporation
- Whynter LLC
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