Market Overview:
The global stainless steel ice cube market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for stainless steel ice cubes from personal and commercial applications. Stainless steel ice cubes are made of high-quality materials that offer durability and resistance to corrosion, which makes them ideal for use in various applications. Additionally, the growing trend of using eco-friendly products is also contributing to the growth of the global stainless steel ice cube market. The square type segment is expected to dominate the global stainless steel ice cube market during the forecast period owing to its superior properties such as durability and resistance against corrosion.
Product Definition:
Stainless steel ice cubes are made of stainless steel and are used to keep drinks cold. They are important because they help keep drinks cold without watering them down like regular ice cubes.
Square:
Stainless steel ice cube is a new product that has been gaining popularity among consumers. It is used as an ingredient in various cocktails and drinks. The growth of this market can be attributed to the increasing consumption of cocktail beverages across the globe. Stainless steel ice cube also finds its application in smoothies, juices, and other frozen drinks where it adds a unique flavor to the drink without compromising with its purity and quality.
Round:
Stainless steel ice cube is a new product that has been gaining popularity in the food and beverage industry. It is used as an ingredient in various types of beverages such as flavored water, cocktails, margaritas, martinis and other mixed drinks. The stainless steel ice cube acts as a preservative by preventing the growth of bacteria which makes it suitable for use in carbonated drinks where bacterial growth occurs rapidly.
Application Insights:
The personal application segment held the largest share of more than 60.0% in 2017. The segment is expected to witness significant growth over the forecast period on account of increasing demand for freezer appliances from residential consumers. Stainless steel ice cube manufacturers are also focusing on developing new products that meet consumer requirements and improve their experience with product quality, design and innovation as well as functionality.
Commercial applications include restaurants, bars, hotels, healthcare facilities and pharmaceutical companies among others who require large volume production or bulk purchasing discounts offered by stainless steel ice cube manufacturers at present time.
Regional Analysis:
Asia Pacific dominated the global stainless steel ice cube market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing demand for ice-cold drinks and desserts, especially in developing countries such as China and India. Moreover, rising disposable income levels are anticipated to fuel demand for premium products across these markets during the forecast period.
North America accounted for a significant share of global revenue in 2017 owing to growing consumption of alcohol beverages along with other cold drinks such as iced tea, coffee and smoothies among others across this region particularly U.S.
Growth Factors:
- Increasing demand for premium drinks and cocktails: The global market for alcoholic beverages is projected to grow at a CAGR of 2.8% from 2016 to 2021. This growth is primarily attributed to the increasing demand for premium drinks and cocktails, especially in developed countries. Stainless steel ice cubes are increasingly being used in these types of drinks as they impart a unique flavor and texture that cannot be replicated by other forms of ice cubes.
- Rising consumer awareness about the health benefits of stainless steel ice cubes: Stainless steel ice cubes are made from high-quality materials that do not leach any harmful chemicals or toxins into beverages like plastic or silicone ice cubes can. As a result, there is growing consumer awareness about the health benefits of using stainless steel ice cubes, which is driving their adoption in homes and bars worldwide.
- Innovative marketing campaigns by leading brands: Leading brands are launching innovative marketing campaigns around stainless steel ice cubes in order to differentiate their products from those offered by competitors. These campaigns are helping to increase consumer awareness about the benefits of using stainless steel over traditional forms of Ice Cubes such as plastic or silicone ones .This is likely to result in an increase in demand for stainless steel over traditional forms thereof over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless Steel Ice Cube Market Research Report
By Type
Square, Round, Other
By Application
Personal, Commercial, Other
By Companies
Acuvar, Amerigo, Baijie, Circle Joy, DILISS, Franmara, Kollea, Koodee, MOOSEN, Southern Chill, Xummit
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Stainless Steel Ice Cube Market Report Segments:
The global Stainless Steel Ice Cube market is segmented on the basis of:
Types
Square, Round, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Commercial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Acuvar
- Amerigo
- Baijie
- Circle Joy
- DILISS
- Franmara
- Kollea
- Koodee
- MOOSEN
- Southern Chill
- Xummit
Highlights of The Stainless Steel Ice Cube Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Square
- Round
- Other
- By Application:
- Personal
- Commercial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stainless Steel Ice Cube Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A stainless steel ice cube is a cube made of stainless steel. Stainless steel is a type of metal that does not corrode, which makes it ideal for use in food products.
Some of the major players in the stainless steel ice cube market are Acuvar, Amerigo, Baijie, Circle Joy, DILISS, Franmara, Kollea, Koodee, MOOSEN, Southern Chill, Xummit.
The stainless steel ice cube market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stainless Steel Ice Cube Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stainless Steel Ice Cube Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stainless Steel Ice Cube Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stainless Steel Ice Cube Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stainless Steel Ice Cube Market Size & Forecast, 2020-2028
4.5.1 Stainless Steel Ice Cube Market Size and Y-o-Y Growth
4.5.2 Stainless Steel Ice Cube Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Square
5.2.2 Round
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Personal
6.2.2 Commercial
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stainless Steel Ice Cube Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Stainless Steel Ice Cube Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Square
9.6.2 Round
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Personal
9.10.2 Commercial
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Square
10.6.2 Round
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Personal
10.10.2 Commercial
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Square
11.6.2 Round
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Personal
11.10.2 Commercial
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Square
12.6.2 Round
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Personal
12.10.2 Commercial
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Square
13.6.2 Round
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Personal
13.10.2 Commercial
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Stainless Steel Ice Cube Market: Competitive Dashboard
14.2 Global Stainless Steel Ice Cube Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acuvar
14.3.2 Amerigo
14.3.3 Baijie
14.3.4 Circle Joy
14.3.5 DILISS
14.3.6 Franmara
14.3.7 Kollea
14.3.8 Koodee
14.3.9 MOOSEN
14.3.10 Southern Chill
14.3.11 Xummit
