Study: Ice cream processing equipment to witness uptick in modernization, standardization
The moulding equipment sector of the ice cream processing equipment category is projected to lead the market, followed by extrusion equipment.
The ice cream processing equipment category is projected to experience substantial demand during the forecast period, due to the growing demand for ice cream worldwide and an increase in the per capita consumption of ice cream. In fact, the global ice cream processing equipment market is estimated to grow at a CAGR of nearly 4% during the forecast period, according to research compiled by Future Market Insights, UK.
Moulding equipment to lead the way
The moulding equipment sector of the ice cream processing equipment category is projected to lead the market, followed by extrusion equipment. 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, hard ice cream processing equipment, accounting for high demand on a global level.
Central Asia and Europe markets demonstrate above-average growth
North America is a mature and prominent region with significant demand for ice cream processing equipment. However, greater China is anticipated to emerge as a profitable and high growth region. The demand for ice cream processing equipment in these regions is mainly driven by the rising per capita income of the population, changing eating habits and increased spending on dining 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 shaping up as a new manufacturing hub.