Commercial Ice Cream Freezers Market Report Overview
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The global commercial ice cream freezers market size was 10500 million in 2022 and is expected to reach USD 17915.85 million by 2031 at a CAGR of 6.1% during the forecast period.
Commercial ice cream freezers are specialized refrigeration units designed for storing and displaying ice cream and other frozen desserts in a commercial setting. These freezers are commonly used in ice cream parlours, restaurants, supermarkets, and convenience stores to keep ice cream at the desired temperature while showcasing the available flavours to customers. Freezers come in various sizes and capacities, ranging from small countertop units to larger floor-standing models.
Commercial ice cream freezers typically operate at a temperature between -10°C to -20°C (14°F to -4°F). Some freezers may have adjustable temperature settings to accommodate different frozen dessert products. Some freezers may require manual defrosting, while others offer automatic or semi-automatic defrosting features.
COVID-19 IMPACT: Shift in Consumer Behaviour causes market to decline
The COVID-19 pandemic has been unprecedented and staggering, with commercial ice cream freezers experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
COVID-19 had a life changing impact globally. The commercial ice cream freezer market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected.
During the pandemic, many countries implemented lockdowns, social distancing measures, and restrictions on dine-in services. As a result, there was a significant decrease in foot traffic and customers visiting ice cream parlours, restaurants, and other food establishments. This led to a reduced demand for commercial ice cream freezers as businesses scaled back or temporarily closed. With the closure of physical stores and the increase in e-commerce, some ice cream businesses shifted their focus to online sales. This required adaptations in terms of freezer storage and delivery logistics to meet the demands of online orders.
Food establishments had to implement stringent health and safety protocols to ensure the safety of their staff and customers. This included measures like frequent cleaning and sanitization, social distancing, and contactless service. Freezers needed to be cleaned and disinfected more frequently to maintain proper hygiene standards. The market is anticipated to boost the commercial ice cream freezer market share following the pandemic.
LATEST TRENDS
"Eco-Friendly Refrigerants to Broaden Market Growth"
In line with environmental regulations and sustainability efforts, there is a shift towards commercial ice cream freezers that use eco-friendly refrigerants with lower global warming potential (GWP). Hydrocarbon-based refrigerants such as R290 are being used as alternatives to traditional refrigerants. Energy efficiency continues to be a significant focus in the development of commercial ice cream freezers. Manufacturers are incorporating advanced insulation materials, LED lighting, and more efficient compressor systems to reduce energy consumption and operating costs.
Many newer models of commercial ice cream freezers feature digital controls and monitoring systems. These systems allow for precise temperature control, real-time monitoring of temperature and performance, and remote access for troubleshooting and maintenance. These latest developments are anticipated to boost the commercial ice cream freezer market share.
Commercial Ice Cream Freezers Market Segmentation
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- By Type
Based on type the market is divided into countertop ice cream freezer and floor mount ice cream freezer.
The floor mount ice cream freezer holds the major share of the market.
- By Application
Based on application the market is segmented into supermarkets and hypermarkets, specialist’s retailers, bars and clubs and others.
Supermarkets and hypermarkets are major shareholders by application.
DRIVING FACTORS
"Increasing Demand for Frozen Desserts to Boost Market Share"
The growing consumer preference for frozen desserts, including ice cream, gelato, and frozen yogurt, is a significant driving factor for the commercial ice cream freezer market. As consumers seek indulgent treats and diverse flavour options, the demand for commercial ice cream freezers increases to store and display these frozen desserts in retail and foodservice establishments.
"Retail and Merchandising Strategies to Boost Market Size"
Effective merchandising and product presentation are key factors in driving sales in the frozen dessert industry. Commercial ice cream freezers are designed to showcase ice cream flavours, enticing customers to make impulse purchases. As retailers and food establishments focus on enhancing the visual appeal and merchandising of their frozen dessert offerings, the demand for commercial ice cream freezers increases. Urbanization, along with an increase in disposable income, has led to higher spending on indulgent food and desserts. As urban areas witness the growth of food establishments and an increase in consumer spending power, the demand for commercial ice cream freezers rises to meet the growing market needs. These factors are anticipated to drive the commercial ice cream freezer market.
RESTRAINING FACTORS
"High Initial Investment to Hamper Market Share"
Commercial ice cream freezers can be a significant investment for businesses, especially for small and medium-sized enterprises (SMEs). The high upfront cost of purchasing and installing commercial ice cream freezers can act as a barrier to entry or expansion for some businesses, limiting their ability to enter the market or upgrade their existing equipment.
Apart from the initial investment, businesses also face ongoing operating costs associated with commercial ice cream freezers. These costs include energy consumption, maintenance, repairs, and periodic cleaning. The energy consumption of freezers can contribute to higher utility bills, particularly if businesses operate multiple units or have inefficient models. The factors are anticipated to hinder the growth of the commercial ice cream freezer market share.
Commercial Ice Cream Freezers Market Regional Insights
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"North American Region is the Major Shareholder of Commercial Ice Cream Freezer Market"
North America has historically been significant market for commercial ice cream freezers due to its established foodservice industries, high consumption of ice cream and frozen desserts, and the presence of large retail chains and specialist ice cream retailers. This region is a home to several prominent manufacturers of commercial refrigeration equipment and has a strong focus on quality, innovation, and food safety. Europe is the second major shareholder of commercial ice cream freezer market.
KEY INDUSTRY PLAYERS
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Hussmann [U.S.]
- Beverage-Air [U.S.]
- Dinex [Norway]
- Master-Bilt [U.S.]
- Turbo Air [U.S.]
- Duke [U.S.]
- Haier [China]
- Nor-Lake [U.S.]
- Metalfrio [Brazil]
- True Manufacturing [U.S.]
- Middleby Celfrost [India]
- Delfield [U.S.]
- Foster Refrigerator [U.K.]
- Precision Refrigeration [U.K.]
- Summit [U.S.]
- Husky [U.K.]
- Derby [U.K.]
- Tefcold [Denmark]
- Victory Refrigeration [U.S.]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 10500 Million in 2022 |
Market Size Value By |
US$ 17915.85 Million by 2031 |
Growth Rate |
CAGR of 6.1% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the commercial ice cream freezer market expected to touch by 2031?
The commercial ice cream freezer market is expected to reach USD 17915.85 million by 2031.
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What CAGR is the commercial ice cream freezer market expected to exhibit by 2031?
The commercial ice cream freezer market is expected to exhibit a CAGR of 6.1% by 2031.
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Which are the driving factors of the commercial ice cream freezer market?
Increasing Demand for Frozen Desserts and Retail and Merchandising Strategies are drivers of this commercial ice cream freezer market.