Slush Machine Market Size, Share, Growth, and Global Industry Analysis by Type (One Tank, Two Tanks, Three Tanks, and Others), By Application (Commercial Usage and Home Usage), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

SLUSH MACHINE MARKET REPORT OVERVIEW

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The global slush machine market size is expected to be USD 338.1 million in 2022 and is expected to reach USD 468.81 million in 2031, exhibiting a CAGR of 3.7% during the forecast period.

A slush machine is a type of blender used to make slushies and drinks. It typically contains of a freezing unit, a blending vessel, and a dispensing unit. The freezing unit is occupied with ice and the blending container is occupied with drink ingredients. When the device is turned on, the ice begins to freeze the drink ingredients. The dispensing unit can be unlocked to dispense the frozen drink mix into a cup or other serving jug.

The growth of this market can be credited to factors such as augmented demand for commercial usage and rising awareness among users about home-based fruit slushes comprising other types of slushies such as frozen margaritas and smoothies.

COVID-19 Impact: Halt on Production to Impede Market Growth. 

The global COVID-19 pandemic has been unprecedented and staggering, with the slush machines market experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the slush machine market growth and demand returning to pre-pandemic levels once the pandemic is over.

Since COVID-19 has come within reach of the lives of the common life, their everyday errands are at a halt with the appearance of new standards and struggles. The industries like the FMCG, production, and manufacturing elements belonging to the originalities are facing concerns to preserve a good symmetry between the demand and supply of the slush machine market during the forecast period. The hospitals, healthcare facilities, and facility suppliers are operational on their toes to decrease the difficulties transported in by the fatal pandemic in the form of a foremost public healthcare disaster. The lockdown has caused the permanent closing of the hotels, cafes, restaurants, and pubs that have crushed the sales of the global market.

LATEST TRENDS

"Increasing Demand for Fresh Juices to Bolster Market Progress"

The increasing demand for fruit and vegetable juices which is filled with fiber, and the growing number of awareness promotions leading the companies to make the best use of the existing skill and present the best food substitutes for the target customers. Users are growing their inclination for fresh fruit and vegetable juice as a substitute for the packaged ones that consume a greater degree of additives promises great progression for the slush machine market in the coming years. The demand for juices in cafes is rising with improved abilities and the accessibility of raw materials is serving the market.

SLUSH MACHINE MARKET SEGMENTATION

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• By Type Analysis

By type, the market is segmented into One Tank, Two Tanks, Three Tanks, and Others.

One tank is the leading segment in the global market. They are easy to handle and can make diverse flavors, which makes them an excellent choice for commercial events like eateries or cafeterias where people seek out variations in juices.

• By Application Analysis

Based on the application, the market is classified into Commercial Usage and Home Usage.

The commercial usage segment is estimated to be the leader due to the demand is strong in the market. Slush machines are used in numerous commercial applications such as restaurants, cafes, bars, and lounges. They are also used in amusement parks, stadiums, and other places where a large number of people visit. Slush machines help preserve the drink ice-cold and deliver a refreshing taste.

DRIVING FACTORS

"Rising Tourism and Food Chain to Facilitate Industry Progress"

The growing disposable income has augmented the expenditure on consuming out at HoReCa, also several firms are highlighting booming the meetings and seminars outdoors such as in cafes, restaurants, and lounges which is having an encouraging influence. The rising tourism business in numerous regions is positively impacting the slush machine market. In the emerging regions, chains of diners and cafes such as Starbucks are increasing, due to which there will be an improvement in the market.

"Increasing Adoption of Convenience Food Products to Magnify Market Growth"

The growing features of the slush machine market are increasing awareness among consumers about the nourishing profits of fruit juices, increasing demand for organic and fresh juice, and rising consumption of packaged products in emerging countries. Other aspects comprise the altering routines, increasing disposable income of consumers, and growing demand for convenience food products. Increasing urbanization in the emerging countries has directed to alteration in exchanging in lifestyle and consumption habits, due to which the young people and employed population are leaning concerning drinking at service outlets.

RESTRAINING FACTORS

"Raw Material Fluctuations to Impede Market Progress"

The variations in raw material charges and operating costs will be a main challenge for the slush machine market in the coming years. The market price of the product is determined by numerous factors such as engineering costs, manual labor costs, costs of raw materials, transport, and advertising costs. Any variations in the charges of raw materials straight influence the amount of the product and the profit margins of producers. 

SLUSH MACHINE MARKET REGIONAL INSIGHTS

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"Presence of Prominent Brands to Bolster Growth in Europe"

Europe is expected to dominate the slush machine market share. This is owing to the evolution is the increasing awareness amongst the population spread in several parts of Europe. The existence of global brands is gathering a major demand supported by the accessibility of improved funds is anticipated to drive the market concerning global supremacy during the forecast period.

Asia Pacific is anticipated to have a sizable market share. In countries such as China and India, the thriving e-commerce segment is promising for kitchen products. Consumer electronic makers are concentrating on creating their existence in the online retail sector, which will affect sales of slush machines in the region. This is due to emerging countries being estimated to succeed as key users of the product. It can be credited to their increasing disposable incomes and growing implementation of technologically progressive products.

KEY INDUSTRY PLAYERS

"Companies Adopt Technologically Advanced Production Techniques to Improve Market Position"

The market research report offers a complete valuation of the market and covers considerate visions, details, past data, and statistically maintained and industry-validated market data. It also comprises forecasts using an appropriate set of expectations and procedures. The market research report delivers analysis and evidence according to market segments such as geographies, applications, and industry.

List of Market Players Profiled

• TAYLOR (U.S.)
• Ali (Italy)
• Bunn (U.S.)
• Donper (U.S.)
• Elmeco (Italy)
• Vollrath (U.S.)
• MKK (U.S.)
• CAB S.p.A. (Italy)
• GQ Food (India)
• Wilbur Curtis (U.S.)
• Nostalgia (U.S.)
• Cofrimell (U.S.)
• Chubu Corporation (Japan)

INDUSTRY DEVELOPMENT

• January 2020: Aldi India Introduced a sell-out portable blender again. It was sold out in a single day and contains a blending cup, rechargeable battery, and stainless steel blades.

REPORT COVERAGE

This report covers an analysis of the leading sectors and recent market trends. It systematically covers the impact of COVID-19 and the driving and restraining factors. The report's market estimates are based on secondary and primary research and skilled in-house reviews. The report examines the most recent developments and the most profitable sets. It keeps track of the essential players' strategies and regional trends. It allows readers to learn about the critical methods that promote slush machine market growth.