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Refrigerated Ice Cream Merchandise Market was valued at USD 12.6 billion in 2023 and is estimated to grow at a CAGR of 5.8% during 2024 to 2032. A growing consumer preference for ice cream and frozen desserts worldwide is a significant driver. As disposable incomes rise and lifestyles become more hectic, consumers seek convenient options for enjoying ice cream, thereby driving the demand for refrigerated merchandise units.
The expansion of retail outlets, supermarkets, convenience stores, and foodservice establishments globally increases the need for refrigerated storage solutions to maintain the quality and freshness of ice cream products. There's a trend towards premium and artisanal ice cream products, which often require specialized refrigerated displays to enhance their appeal and maintain their quality. The popularity of premium ice cream flavors, unique ingredients, and artisanal options necessitates dedicated storage and display units to maintain product quality and visual appeal.
Ice cream consumption is heavily influenced by seasonal weather patterns. Hotter summers typically drive higher demand, while colder seasons see a decline. Managing inventory and production schedules to align with fluctuating demand can be challenging. Maintaining the cold chain throughout the supply chain—from manufacturing to retail shelves—is crucial to preserve the quality and safety of ice cream. Any disruptions in temperature control can lead to spoilage and product wastage.
Fluorocarbons segment in the refrigerated ice cream merchandise market held 66% share in 2023, influenced by regulatory frameworks aimed at reducing GHG emissions and phasing out ozone-depleting substances
The market size of refrigerated ice cream merchandise was crossed USD 12.6 billion in 2023 and is estimated to grow at 5.8% CAGR during 2024 to 2032, owing to the growing number of ice cream parlors.
North America refrigerated ice cream merchandise market was worth around USD 3.3 billion in 2023 and is expected to reach USD 5.5 billion by 2032, driven by hot weather and seasonal trends.
AHT Cooling Systems GmbH, Ali Group S.p.A., Beverage-Air Corporation, Blue Star Limited, Carrier Corporation, Dover Corporation, Frigoglass S.A.I.C., Hussmann Corporation, Lennox International Inc., and Liebherr Group among others.