{"id":464395,"date":"2020-01-30T08:12:01","date_gmt":"2020-01-30T08:12:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=464395"},"modified":"2020-01-30T08:12:01","modified_gmt":"2020-01-30T08:12:01","slug":"clear-ice-makers-market-to-register-a-cagr-of-627-and-reach-usd-28611-million-by-2025","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/clear-ice-makers-market-to-register-a-cagr-of-627-and-reach-usd-28611-million-by-2025_464395.html","title":{"rendered":"Clear Ice Makers Market to register a CAGR of 6.27% and reach USD 2,861.1 Million by 2025"},"content":{"rendered":"
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Clear Ice Makers Market Research Report – Global Forecast till 2025\n<\/div>\n<\/div>\n<\/div>\n
Global Clear Ice Makers Market: Information by Type (Flake Ice Makers, Ice Cube Makers, Nugget Ice Makers and others), Category (Mass-Market and Premium), End-Use (Residential and Commercial), Distribution Channel (Store-Based {Supermarkets & Hypermarkets and Specialty Stores} and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2025<\/div>\n

Clear Ice Makers Market <\/strong>is estimated to be<\/span> valued at<\/span> USD 2,861.1 Billion by 2025, <\/strong>registering a CAGR of 6.27% <\/strong>during the forecast period.<\/span> The growth of the foodservice industry and increasing use of clear ice makers in households are the major factors driving market growth. Product innovation is expected to create new opportunities for vendors active in the global market. However, the need for high initial investments is restricting the growth of the market.<\/span><\/p>\n

North America accounted for a dominant share of the global clear ice makers market in 2018. The regional market is projected to exhibit a CAGR of 6.13%<\/strong> during the review period. The increasing consumption of alcoholic beverages is anticipated to fuel the growth of the clear ice makers market in North America. Also, product launches are a major trend gaining traction in the North American clear ice makers market. The US accounted for 78.70%<\/strong> of the regional market in 2018<\/strong> and the market is estimated to remain dominant during the forecast period. The European garnered a significant market share in 2018<\/strong> and is expected to exhibit an above-average growth rate during the forecast period. However, the market in Asia-Pacific is projected to register the highest growth rate of 6.71%<\/strong> during the forecast period. Rapid urbanization and a growing number of restaurants and bars are anticipated to drive the growth of the clear ice makers market in the region.<\/span><\/p>\n

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Key Findings of the Study<\/strong><\/p>\n