Market Size of UK Countertop Ice Makers Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.54 Billion |
Market Size (2029) | USD 1.86 Billion |
CAGR (2024 - 2029) | 3.65 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
UK Countertop Ice Makers Market Analysis
The UK Countertop Ice Makers Market size is estimated at USD 1.54 billion in 2024, and is expected to reach USD 1.86 billion by 2029, growing at a CAGR of 3.65% during the forecast period (2024-2029).
The supply of packaged food items had observed an increase globally, as the majority of these food items are perishable soring them creates demand for ice in residential as well as commercial use which creates demand for the ice makers market. Sales of Meat Items and Frozen food products in the United Kingdom are observing a continuous increase leading to the demand for Portable ice makers for storage and the sales of these products.
With the advent of Covid-19 as most of the population in the United Kingdom was restricted to home people started changing their shopping behavior to buy in bulk their food necessities, raising issues over the storage of these items and demand for countertop ice makers. Revenue from the beverage industry in the United Kingdom observed a significant jump with the advent of covid, raising demand for ice cubes which significantly had an impact on the sales of Ice Maker Machines.
As the distorted global supply chain of food is recovering globally, demand for their preservation is also arising. The revenue from the refrigerator segment in the United Kingdom is existing at a constant level, making countertop ice machines as an option for satisfying the rising need for ice cubes in the country.
UK Countertop Ice Makers Industry Segmentation
Countertop ice makers make ice at an alarmingly fast rate and provide the size, shape, and clarity the user wants. It exists as a portable machine and by unplugging it and draining the water via a small plug or tube it can be taken to a friend's house or into the office.
UK Countertop Ice Makers Market is segmented by Application (Foodservice, Hospital, Household), and by distribution channel (Online, Offline). The report offers market size and values in (USD million) during the forecasted years for the above segments.
By Application | |
Food Service | |
Hospital | |
Household |
By Distribution Channel | |
Online | |
Offline |
UK Countertop Ice Makers Market Size Summary
The UK countertop ice makers market is experiencing a steady expansion, driven by the increasing demand for ice in both residential and commercial sectors. This growth is largely attributed to the rising consumption of perishable packaged foods and the burgeoning beverage industry, which has seen a significant uptick in revenue post-COVID. The shift in consumer behavior towards bulk purchasing during the pandemic has further fueled the need for efficient ice storage solutions. Despite challenges such as Brexit and the pandemic's initial impact, the UK's food industry continues to thrive, with soft drinks and alcoholic beverages being major contributors to the demand for ice makers. The restaurant industry, with its substantial market size, also plays a crucial role in this demand, as ice makers are essential for enhancing beverage experiences and ensuring food freshness.
In the commercial space, the demand for countertop ice makers is on the rise, particularly in hospitals and offices, where the need for various ice types is increasing. The market is characterized by intense competition, with companies like Tefcold, Nisbets, and Polar Refrigeration vying for market share by introducing advanced features. Recent developments, such as Ecozy's launch of a compact nugget ice maker and Hoshizaki's acquisition of Brema, highlight the industry's focus on innovation and expansion. These strategic moves are expected to strengthen market positions and enhance product offerings, catering to the growing needs of the food services, beverage, and hospitality sectors in the UK.
UK Countertop Ice Makers Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising GDP of United Kingdom driving the Market
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1.2.2 Greater Output of Countertop Ice Maker is driving the Market
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1.3 Market Restraints
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1.3.1 Freezers and refrigerator market affecting Ice Maker Market
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1.3.2 Rise in Price of Electrical Appliance In United Kingdom
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1.4 Market Opportunities
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1.4.1 Rising Food and Beverage Industry driving the Market
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1.4.2 Rise in Commercial Space driving the demand of Ice Maker
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1.5 Industry Attractiveness - Porters' Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Food Service
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2.1.2 Hospital
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2.1.3 Household
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2.2 By Distribution Channel
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2.2.1 Online
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2.2.2 Offline
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UK Countertop Ice Makers Market Size FAQs
How big is the UK Countertop Ice Makers Market?
The UK Countertop Ice Makers Market size is expected to reach USD 1.54 billion in 2024 and grow at a CAGR of 3.65% to reach USD 1.86 billion by 2029.
What is the current UK Countertop Ice Makers Market size?
In 2024, the UK Countertop Ice Makers Market size is expected to reach USD 1.54 billion.