Refrigerated Ice Cream Merchandise Market Size
The market for refrigerated ice cream products was worth $12.6 billion in 2023 and is expected to expand at a rate of 5.8% per year from 2024 to 2032. One big reason is that more and more people throughout the world want ice cream and frozen treats. As people's disposable incomes go up and their lives are busier, they look for easy ways to enjoy ice cream. This increases the demand for refrigerated product units.
As more and more retailers, supermarkets, convenience stores, and food service businesses open throughout the world, the necessity for refrigerated storage solutions to keep ice cream goods fresh and high quality grows. There is a trend toward high-end and artisanal ice cream goods. These often need elaborate chilled displays to make them more appealing and keep their quality. The demand for high-end ice cream flavors, unusual ingredients, and artisanal possibilities means that special storage and display units are needed to keep the products looking and tasting good.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Refrigerated Ice Cream Merchandise Market Size in 2023 | USD 12.6 Billion |
| Forecast Period | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR | 5.8% |
| 2024 – 2032 Value Projection | USD 20.6 Billion |
| Historical Data for | 2021 – 2023 |
| No. of Pages | 487 |
| Tables, Charts & Figures | 428 |
| Segments covered | Type, Refrigerant Type, Capacity, Price Range, End-use, Distribution Channel, Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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The temperature changes a lot across the year, which affects how much ice cream people eat. People want more in the summer when it's hot, but less in the winter when it's chilly. It might be hard to keep track of inventories and production schedules so that they match changing demand. Keeping the cold chain going from the factory to the store shelves is very important for keeping ice cream safe and of good quality. If temperature control is not working properly, things can go bad and products can go to waste.
Refrigerated Ice Cream Merchandise Market Trends
More and more people choose ice cream that is thought to be healthy, like low-fat, low-sugar, dairy-free, and plant-based varieties. Manufacturers are adding these alternatives to their product lines in response. People are willing to spend more for ice cream that is made with high-quality ingredients and has gourmet flavors. This trend has led to the rise of artisanal ice cream firms and flavors that give people one-of-a-kind and delicious experiences. To appeal to daring customers, manufacturers are always coming up with new and unusual flavors. Limited-edition releases, seasonal flavors, and unique mixes are increasingly popular ways to get people to buy things.
Refrigerated Ice Cream Merchandise Market Analysis
The display cases segment was valued about USD 3.9 billion in 2023 and is anticipated to be worth USD 6.8 billion by 2032. Display cases make ice cream items look better, which makes them more appealing to customers and encourages them to buy on impulse. Display cases are frequent in stores, cafes, and ice cream shops where it's crucial to show off a range of flavors and alternatives to keep customers interested and boost sales.
In 2023, the fluorocarbons segment had the largest market share, with 66% of the total. Regulations that aim to lower greenhouse gas emissions and phase out compounds that destroy the ozone layer affect the demand for fluorocarbon-based refrigerants. HFCs (hydrofluorocarbons) are commonly used in refrigeration systems because they work well and people are used to them. However, their high global warming potential (GWP) is causing people to switch to alternatives with lower GWP..
The market for refrigerated ice cream in North America was worth more than $3.3 billion in 2023 and is predicted to be over $5.5 billion by 2032. People in North America eat the most ice cream in the summer because of the hot weather and seasonal tendencies. This seasonal demand affects the sales of refrigerated ice cream products, such as freezers and display units.
The U.S. market is expected to increase at a CAGR of 6.2% until 2032. As more restaurants, cafés, dessert shops, and ice cream parlors open, the need for chilled equipment like gelato cases and dipping cabinets grows. These units are necessary for keeping and serving freshly made gelato and ice cream, which is what people who want to treat themselves to desserts want.
The German refrigerated ice cream merchandise market maintained a considerable position in Europe. German consumers value high-quality ingredients, artisanal craftsmanship, and unique flavors in ice cream. This demand drives sales of refrigerated equipment that can showcase and preserve premium and artisanal ice creams in retail and foodservice environments.
China is supposed to grow at the highest rate of 6.9% in the region. Increasing disposable incomes and urbanization in China contribute to higher spending on premium and imported ice cream products, driving demand for refrigerated equipment in retail and foodservice sectors.
Refrigerated Ice Cream Merchandise Market Share
Refrigerated ice cream merchandise industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such Carrier Corporation, Dover Corporation, Thermo King Corporation, Vestfrost Solutions, Liebherr Group, Lennox International Inc., Ali Group S.p.A., United Technologies Corporation collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Refrigerated Ice Cream Merchandise Market Companies
Major players operating in the refrigerated ice cream merchandise industry are
- AHT Cooling Systems GmbH
- Ali Group S.p.A.
- Beverage-Air Corporation
- Blue Star Limited
- Carrier Corporation
- Dover Corporation
- Frigoglass S.A.I.C.
- Hussmann Corporation
- Lennox International Inc.
- Liebherr Group
- Mafirol S.A.
- Metalfrio Solutions S.A.
- Thermo King Corporation
- United Technologies Corporation
- Vestfrost Solutions
Refrigerated Ice Cream Merchandise Industry News
- In March 2023, ELANPRO, India’s tech driven commercial refrigeration company launched a new series of energy-efficient freezers, coolers and ice machines for foodservice industry. The new product line-up encapsulates ELANPRO’s vision to create an ecosystem of diverse cooling products catering to food and beverage businesses of different sizes.
This refrigerated ice cream merchandise market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) (Thousand Units) from 2021 to 2032, for the following segments
Market, By Type
- Standalone freezers
- Chest Freezer
- Upright Freezer
- Display Cases
- Vertical display cases
- Horizontal display cases
- Curved glass display cases
- Multi-deck display cases
- Ice Cream Dipping Cabinets
- Gelato Cases
- Blast Freezers
- Combo Units
- Others (Novelty, Portable, etc.)
Market, By Refrigerant Type
- Fluorocarbons
- Inorganic
- Hydrocarbons
Market, By Capacity
- Low(upto 1000$)
- Mid (1000$-2000$)
- High (above 2000$)
Market, By Price Range
- Low
- Mid
- High
Market, By End-use
- Ice cream parlours
- Restaurants and cafes
- Others (Individual stores, etc.)
Market, By Distribution Channel
- Online
- Offline
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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