Ice flaker market: Key market research findings
- Inclination towards eco-friendly refrigerants
- Growth of the foodservice industry
Technavio has released a new market research report on the global ice flaker market, which is expected to grow at a CAGR of around 8% between 2015 and 2019. Modular ice flakers occupy the largest share of the market due to their flexibility, reliability and utility to the customers. These flakers are available in different sizes and configurations, making them most suitable in the foodservice, hospitality, and retail markets.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for growth, as well as the segments with the maximum growth potential.
“Of late, vendors are launching environmentally friendly ice flaker machines, which optimize the efficiency of the production cycle. They are incorporating eco-friendly refrigerants in their ice flaker machines. For instance, Hubbard Systems has launched the Scotsman MF 57, which runs on a green hydrocarbon refrigerant, R290. R290 is an eco-friendly, naturally occurring refrigerant with an ozone depletion potential of zero and a low global warming potential of three,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
The Americas dominate the global market for flaked ice, by covering around 37% of the total market share. Much of this region’s growth can be attributed to the expansive chain of retail food stores. The growth of the hospitality sector in this region is expected to spur the demand for the refrigeration market.
The growth of the foodservice industry is largely contributing to the demand for ice flaker machines as industry workers are met with an increasing need for food storage. High-end hotel chains are the major end-users of technologically advanced ice flakers, especially for their spas and saunas. Restaurants, hotels, and foodservice providers depend on durable ice flake machinery, especially for preserving meat, produce, and seafood and for making blended cocktails and salad bars.
The key vendors in the global ice flaker market include Manitowoc, Hoshizaki, Scotsman, Follett, and North Star Ice. The market is highly fragmented with intense competition among vendors. International players are increasing their market shares with the help of enormous infrastructure and R&D support. Increase in product/service extensions, technological innovations, mergers, and changes in production processes, are fuelling competition among the players.
A more detailed analysis is available in the Technavio report, Global Ice Flaker Market 2015-2019 – Market Analysis Report.
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