Demand for ice cream processing equipment increases
According to a new report, ice cream processing equipment is projected to experience substantial demand during the forecast period.
The report, Ice Cream Processing Equipment Market by Future Market Insights, concludes that this rise is due to the growing demand for ice cream worldwide, owing to an increase in the per capita consumption of ice cream. It states that the global ice cream processing equipment market is estimated to grow at a CAGR of nearly 4% during the forecast period.
Ice cream packaging and wrapping are highly capable of impacting the look of any product, and thus, during the growth phase of a product, this is one of the most important areas to focus on. Misplaced labels, wrinkled and crooked labels, and labels with bubbles are a common occurrence when not using a label applicator.
A wrapping machine provides standardisation, with a mere shift of not more than 1.5 mm around a mean central position. The modernisation of equipment and standardisation of the product are expected to significantly impact the ice cream processing equipment market positively over the forecast period.
The moulding equipment is projected to lead the other machine variants in the global ice cream processing equipment market, followed by the extrusion equipment segment. In terms of growth rate, the continuous freezers equipment segment is expected to lead the market with a CAGR of 4.8% during the forecast period. Depending on the type of machine, the hard ice cream processing equipment segment is projected to lead the ice cream processing equipment market by product type, accounting for high demand on a global level.
In regards to growth regions for this market, North America is a mature and prominent region with significant demand for ice cream processing equipment. Greater China is anticipated to emerge as a profitable and high growth region in the ice cream processing equipment market. The demand in these regions is also driven by the rising per capita income of the population, changing eating habits, and rising spending on eating out.
Europe and Central Asia are also anticipated to be above-average growth regions in terms of value and volume, owing to already established markets in these regions. The market in the Middle East and Africa (MEA) is projected to experience moderate growth over the forecast period, due to the region becoming a new manufacturing hub.