The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing alcoholic beverage demand is likely to stimulate innovation in ice manufacture, propelling the market during the forecast period.

The global ice market is expected to grow from $5.19 billion in 2022 to $5.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The global ice market size is expected to reach $7.23 billion in 2027 at a CAGR of 6.7%.

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 Global Ice Market Segments Include:

• By Type: Ice Cube, Ice Flake, Ice Nugget
• By Capacity: Below 50 Ice Cubes, 50-150 Ice Cubes, 150-250 Ice Cubes, Above 250 Ice Cubes
• By Distribution Channel: Supermarkets And hypermarkets, Convenience Stores, Online Retail, Other Distribution Channel
• By Application: Foodservice, Retail, Healthcare, Residential, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North Americca is the largest region in the global ice market in 2021.

Major Market Players in the ice market include Cornelius Inc., Minnesota Ice, Arctic Glacier, Clear Ice LLC, Genesee Block Ice Company, Ice Art, Goldengoa Ice Cubes Private Limited, Bow Ice Cubes Ltd., Icelings, and The Ice Co.

Technological innovation is a crucial trend that is gaining traction in the ice business. Companies in the ice sector are embracing new technology in order to maintain their market position. For example, AstroAI, a Chinese automobile firm, and HiCOZY, a US-based ice maker company, launched a new nugget ice maker based on ‘Quicool technology’ in October 2022. This method uses a highly efficient compressor to produce ready-to-use ice up to 55lb every day in five minutes, which is three times faster than traditional freezing.

The Ice Global Market Report 2023  provides a ice market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ice market forecast analyzes ice market size, ice market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Ice is a solid or frozen form of water that becomes frozen at zero degrees Celsius.

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