Market Insights & Analysis: Global Ice Maker Market (2023-28)

• The Global Ice Maker Market is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28. As per the study, the market growth attributes to the surging requirement for ice in various end-users like quick and full service restaurant, hotels, convenience stores, breakrooms, etc. With the rise of consumer preference for cold beverages, especially in hot climates, the demand for ice has grown significantly. Convenience stores, hotels, and other hospitality businesses must be well-equipped with ice makers to meet this demand by providing an ample supply of ice to ensure customer satisfaction. The growing food & beverage industry, which includes soft drinks, alcoholic beverages, smoothies, and specialty drinks, has witnessed noteworthy growth in recent years. These beverages often require ice to maintain their quality & enhance the overall customer experience. As a result, hospitality businesses need ice makers to ensure a steady supply of ice for their beverage offerings.