Looking back on 2019, it appears the "clear ice" market is growing fast:
Clear Ice Makers Market is estimated to be valued at USD 2,861.1 billion (sic) by 2025, registering a CAGR of 6.27% during the forecast period. 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.
So there you have it! The market is sized at almost 3 billion dollars (the article has a typo saying that it is 2,861 billion, but that should read million). And it grew by 6%.
Later in the article, it is discussed how the market is starting to segment between mass market clear ice, and premium (which we all know and love so well). The rise of premium ice represents exponential growth potential for the clear ice industry.
Strap in everyone! The next 10 years should be fun!
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ClearIce.Life is maintained by Trapper Markelz in pursuit of elevated cocktail experiences at home, and with friends.
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