Flake Ice Machine Market By Capacity (Low Capacity, Medium Capacity, High Capacity), By Application Field (Fishery And Aquatic Food Processing, Supermarkets, Mine Temperature Reduction, Food Processing, Preservation And Cooling Field, Skiing & Other Sports, Medical Facilities, Concrete Cooling Project, Chemical Industry), By Channel (Direct Sales, Distributor) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026
Expansion of Supermarkets to Drive the Flake Ice Machine Market Growth
The flake ice machine market was valued at US$ 1.77 billion in 2017 and is expected to grow at a compounded annual growth rate (CAGR) of 8.2% from 2018 to 2026. One of the most important advantages of flake ice is that being thin and does not damage the delicate fish skin. With excellent characteristics, flake ice has wide applications in the processing industries. Moreover, the seafood industry is one of the major users of flake ice. Furthermore, flake ice also finds application in dye making and plays a vital role in concrete. It helps to avoid any cracks in the concrete. One of the most prominent factors aiding the flake ice machine market's growth is the significant growth of supermarkets and hypermarkets across the world. Countries such as China and India have remained at the forefront in this context, with the high growth of such infrastructure in recent years. Consumers increasingly prefer modern trade formats like supermarkets and hypermarkets, which are stepping up to fulfill the needs of consumers.
Market Synopsis
Fishery and Aquatic Food Processing Industry to Remain an Important Application Field for Flake Ice
Fishery and aquatic food processing stood as the largest segment in terms of value in 2017. Flake ice is extensively used in the fishery and aquatic food processing industries. Flake ice is one of the best methods for cooling seafood products quickly in order to preserve peak freshness. Moreover, the fact that flake ice is harmless, portable, and cheap is another important factor aiding its adoption in the fishery and aquatic food processing industries. Flake ice helps in keeping the fish cold, moist, and glossy, and at the same time, proves beneficial to prevent dehydration, which is often common in cases of other methods of cooling, such as refrigerated storage without ice.
Product Innovation Will Remain an Important Strategy for Manufacturers to Gain a Competitive Advantage
The flake ice machine market is highly competitive, with the presence of both domestic and international players. Product quality, brand recognition, availability, performance, product innovation, and product pricing are some of the major criteria on which the market players usually compete. In order to get a competitive advantage, the players often invest in product innovation. For instance, recently, MAJA, a German-based manufacturer of flake ice machines, introduced a "hybrid" machine that facilitates end users, such as supermarkets, to initially use an HFC refrigerant but ultimately transit to CO2. The new product is specially targeted at customers who are not able to invest in CO2 refrigeration racks at the moment but can switch over in the coming years.
Asia Pacific to Remain the Most Attractive Market for Investment during the Forecast Period
The global flake ice machine market was dominated by Asia Pacific, which accounted for more than 30% of the overall market value in 2017. The flake ice machine market in the region is driven by the rapid expansion of supermarkets and hypermarkets in the region. Flake ice often finds application in these retail outlets to store and display fish and seafood. In recent years, there has been a significant rise in the number of supermarkets and hypermarkets in Asia-Pacific. China stood as the largest market in the region in 2017, accounting for nearly 30% of the regional value.
Historical and Forecast Period
This research report presents the analysis of each segment from 2016to2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The report elucidates the detailed outline of the global flake ice machine market by categorizing the market in terms of capacity, application field, channel, and geography.
Key players profiled in the report include North Star, Focusun, MAJA GmbH & Co. KG, Scotsman, ICEMAN Corporation, Hoshizaki, Industrial Refrigeration Pvt. Ltd., Ice-O-Matic, Telstar, and Recom, among others.
Key questions are answered in this report.
What was the size of the global flake ice machine market in 2017, and what is the forecast for 2026?
What are the current market trends in the flake ice machine market?
What are the various valuable opportunities for the players?
Which are the bestselling flake ice machine brands on the market?
Which is the largest regional market for flake ice machines?
Which region is expected to have the fastest growth and why?
What are the new products launched by the leading flake ice machine manufacturers?
What are the key strategies adopted by the leading players in the market?
Frequently Asked Questions:
The market for Flake Ice Machine Market is expected to reach US$ 1.77 Bn by 2026.
The Flake Ice Machine Market is expected to see significant CAGR growth over the coming years,at 8.2%.
The report is forecasted from 2018 – 2026.
The base year of this report is 2017.
Focusun, MAJA GmbH & Co. KG, Scotsman, ICEMAN Corporation, Hoshizaki, Industrial Refrigeration Pvt. Ltd., Ice-O-Matic, Telstar, and Recom, are some of the major players in the global market.
