Portland, OR, Jan. 30, 2023 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global soft ice cream machine market was valued at USD 665 million in 2021 and is expected to reach USD 962.5 million by 2031, growing at a CAGR of 3.8% from 2022 to 2031. The report offers an in-depth analysis of the changing dynamics of industry, key market segments, value chain, competitive environment and geographic landscape. In developing plans for sustainable growth and achieving competitive advantage in the market, major players, investors, shareholders and start-ups can greatly benefit from the advice provided by this research.
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Report coverage and details:
|Market size in 2021||665 million dollars|
|Market Size in 2031||$962.5 million|
|Number of pages in the report||200|
|Covered segments||Price range, application, distribution channel and region.|
|Drivers|| Growing Ice Cream Franchise Business
Rising demand for soft ice cream machines
|Opportunities|| Soft serves as an alternative for users with health problems and sensitive teeth
Spread of Quick Service Restaurants (QSR)
- The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global soft serve ice cream machine market. The closing of establishments such as quick service restaurants and amusement parks has caused the use of soft serve ice cream machines to stop.
- During the pandemic, lockdowns brought the hospitality industry to a standstill, leading to a reduction in the use of soft serve ice cream machines. However, innovations in the form of online delivery of soft serve ice cream through food delivery services have helped the market survive the pandemic.
The study provides detailed segmentation of the global soft serve ice cream machine market based on price range, application, distribution channel, and region. The report uses tables and figures to go into great detail about the segments and their sub-segments. Market participants and investors can plan their strategies based on the fastest growing and highest revenue generating research areas.
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Based on the price range, the mainstream segment had the largest share in 2021, accounting for approximately 65% of the global soft ice cream machine market and is expected to maintain its leadership position throughout the forecast period. On the other hand, the premium ice cream segment is expected to grow at the fastest rate of 4.2% between 2022 and 2031.
The soft ice cream machine market by application held the largest market share in 2021, accounting for more than 35% of the total market. This market segment is expected to continue to dominate in terms of revenue during the forecast period. However, from 2022 to 2031, the catering category is expected to show the highest CAGR of 3.3%.
With more than three-fifths of the global soft ice cream machine market, the offline segment held sway largest share in 2021 and is expected to maintain its dominance during the forecast period. This segment is expected to grow at the highest CAGR of 3.9% during the forecast period.
In terms of market size, Europe held the largest share in 2021, accounting for nearly 40% of the global soft ice cream machine market and is expected to maintain its dominance in 2031. Additionally, North America is expected to have the most -fast CAGR of 4.4% during the forecast period. The study also looks at Asia Pacific and Latin America.
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Leading market players in the global Soft Serve Ice Cream Machines market analyzed in the research include Carpigiani Group, Catta 27, Donper USA, Electro Freeze, Frigomat, GEL Matic Italia Srl, ICETRO America Inc., Oceanpower America LLC., Spaceman USA, Stoelting, Technogel, Tekno-Ice, Tetra Pak, The Middleby Corporation and Vollrath Copmpany LLC.
These leading companies in the Soft Ice Cream Machine market across the globe have been covered in depth in the study. To increase their market share and maintain dominant positions in various geographies, these enterprises have implemented various strategies including new product launches, collaborations, expansions, joint ventures, agreements, and others. The study highlights company performance, operating segments, product portfolio, and strategic actions taken by market participants to illustrate the competitive landscape.
Allied Market Research (AMR) is the market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises, as well as medium and small businesses, with an unmatched quality of “Market research reports” and “Business Intelligence Solutions.” AMR has a single-minded view of providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relationship with various companies and this helps us to extract market data which helps us to generate accurate data tables from surveys and confirms extreme accuracy in our market forecasts. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients in every possible way to achieve success. All the data presented in the reports published by us are derived through primary interviews with senior executives from leading companies in the respective domain. Our secondary data delivery methodology involves in-depth online and offline research and discussions with experienced industry professionals and analysts.