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The estimated dry ice market growth rate will occur at an impressive CAGR of 7.8% through 2034 due to the rising demand for dry ice pellets, dry ice blocks, and other dry ice types. Moreover, the dry ice market size will increase from US$ 2.09 billion to US$ 4.46 billion during the forecasted period.

Demand Analysis of Dry Ice Market from 2019 to 2023 vs. Outlook from 2024 to 2034

Country-wise Analysis

Category-wise Insights

Intercontinental Exchange reported $105.06B in Market Capitalization this August of 2025, considering the latest stock price and the number of outstanding shares.Data for Intercontinental Exchange | ICE - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last August in 2025.

Global ice market size is expected at $7.23 Bn by 2027 at a growth rate of 6.7% and demand by The Business Research Company.

In 2024, the U.S. ice market increased by 7.3% to $1.4B, rising for the fourth consecutive year after two years of decline. Overall, the total consumption indicated resilient growth from 2013 to 2024: its value increased at an average annual rate of +5.7% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +76.1% against 2020 indices.

Dry Ice Market size is expected to reach USD 2.79 Bn by 2032, from USD 1.67 Bn in 2025, exhibiting a CAGR of 7.6% during the forecast period 2025-2032.

North America Countertop Ice Makers Market report is segmented by product (cube ice maker, half cube ice maker, nugget ice maker, and flake ice maker), by application (residential and commercial), by distribution channel (online, offline), and by country (United States, Canada, Rest of North America). The report offers market size and forecasts for the North American countertop Ice market in value (USD) for all the above segments.

Learn more about Market Research Intellect's Artificial Ice Market Report, valued at USD 1.5 billion in 2024, and set to grow to USD 2.8 billion by 2033 with a CAGR of 8.5% (2026-2033).

Dry Ice Market is expected to be worth around USD 3.1 Billion by 2034, up from USD 1.5 Billion by 2024, growing at a CAGR of 7.5%

According to Cognitive Market Research, The Global Artificial Ice market size will grow at a compound annual growth rate (CAGR) of 10.20% from 2023 to 2030. Synthetic Ice is an Ideal Alternative to Real Ice to Provide Viable Market Output

Artificial ice is increasingly popular as a substitute for real ice due to its numerous advantages. Composed of polymer panels with a smooth, slippery surface, synthetic ice mimics the sensation of skating on genuine ice. With its minimal maintenance requirements and prolonged usability, synthetic ice proves to be a superior alternative. Additionally, installing it is significantly more affordable than real ice, making it a preferred choice for many individuals.

Pentair, a leading water treatment and eco-friendly solutions provider, is delighted to announce that it has received the prestigious 2023 ENERGY STAR Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. This recognition highlights Pentair's commitment to promoting energy efficiency and sustainability.

(Source:bard.google.com/?utm_source=sem&utm_medium=paid-media&utm_campaign=q3enIN_sem1)

Moreover, synthetic ice is advantageous for creating training rinks, as it can be utilized indoors and outdoors. In artificial ice, synthetic ice is optimal due to its durability, consistency, and cost-effectiveness. Furthermore, it offers enhanced safety by reducing the risk of slips and falls associated with real ice. Irrespective of weather conditions, synthetic ice can be utilized throughout the year.

Market Dynamics of Artificial Ice

High Cost of Maintenance to Hinder Market Growth

The artificial ice market faces a significant obstacle due to the expensive upkeep involved. This is because maintaining artificial ice production plants necessitates regular maintenance, including replacing ice plates and other components. The maintenance cost can hinder small businesses and entrepreneurs, who may struggle to afford the substantial initial expenses. Overall, the high cost of maintenance acts as a major constraint in the artificial ice market, impeding businesses, particularly those of smaller scale, from adopting artificial ice as a viable solution. Nevertheless, there are methods to mitigate maintenance costs, such as utilizing top-notch materials and components and implementing routine preventive maintenance.

The Impact of COVID-19 on the Artificial Ice Market

The artificial ice market has experienced a significant impact due to the COVID-19 pandemic. This has been due to the closure of various establishments, such as restaurants, bars, and hotels, resulting in a decline in the demand for artificial ice within these industries. Moreover, the sporting goods industry has also witnessed a decrease in demand for artificial ice, as numerous sporting events have been either canceled or postponed due to the pandemic, leading to a reduced need for artificial ice rinks. Nevertheless, amidst these challenges, the pandemic has also presented certain opportunities for the artificial ice market. The surge in demand for home delivery services has subsequently increased the need for artificial ice machines for personal use at home. In conclusion, the impact of COVID-19 on the artificial ice market has been a combination of both positive and negative effects. While some sectors have experienced a decline in demand, the pandemic has opened doors for growth and innovation in other areas. Introduction of Artificial Ice

The artificial ice market is the industry that deals with the production, sale, and distribution of artificial ice. Artificial ice is made from frozen water using various methods, including mechanical freezing, cryogenic freezing, and evaporative freezing. The increasing recognition of the advantages of skating, such as improved fitness and leisure, is projected to generate strong demand for ice rinks. As a result, this will drive the revenue growth of the artificial ice market. The increasing fame of the Internet and social media platforms has heightened fascination with winter sports such as ice hockey and figure skating. As a result, there is a rising demand for cost-effective substitutes for pricey traditional ice rinks. This gives significant prospects for prominent participants in the worldwide market.

These developments empower businesses to offer better-tailored solu...

The global craft ice market size was valued at USD XXX million in 2025 and is projected to expand at a CAGR of XX% from 2025 to 2033, reaching USD XXX million by 2033. The market is driven by the increasing demand for premium and quality ice, rising disposable income, and growing popularity of craft cocktails and mocktails. The increasing awareness about the harmful effects of chemicals and additives used in traditional ice production is also contributing to the growth of the market. The market is segmented by application, type, and region. By application, the market is divided into retailer, super, catering chain, and personal. By type, the market is categorized into 160g and 220g. Regionally, the market is analyzed across North America, South America, Europe, Middle East & Africa, and Asia Pacific. North America is the largest market for craft ice, followed by Europe and Asia Pacific. The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Key players in the market include KURAMOTO ICE ., Inc., Tuck Lee Ice, Arctic Glacier Premium Ice, LUX ICE, The Ice Co, Bells Pure Ice, Reddy Ice, Uni-Tat Ice & Marketing Pte Ltd, Iceman, Turboice, Nongfu Spring Co., Ltd., Beijing Bingqu Food Technology Co., Ltd., Tianbingly, Ice Extreme Food Technology Co., Ltd., Hangzhou Hansanchi Ice Factory, Mixue Ice Cream & Tea, Xiaodeice, and Bilitaice.

The United States and New York dry ice market was valued at USD 165.45 Million in 2024. The industry is expected to grow at a CAGR of 5.90% during the forecast period of 2025-2034. The need for reliable cooling solutions in both the regions is increased by the growing reliance on dry ice for emergency medical services and disaster assistance in remote or environmental disaster-affected areas. In turn, all these factors have resulted in the market attaining a valuation of USD 293.51 Million by 2034.

Artificial ice market is expected to register a robust revenue CAGR of 9.8% during the forecast period due to rising awareness regarding benefits of skating such as fitness and recreation is expected to create high demand for ice rinks

Dry Ice Market is growing at a CAGR of XX% from 2024 to 2030 | Projected to reach US$ XXX by 2030 | Valued at US$ XXX in 2022

Flavored Ice Market Outlook

According to our latest research, the global flavored ice market size reached USD 17.6 billion in 2024, propelled by strong consumer demand and product innovation. The market is exhibiting a robust compound annual growth rate (CAGR) of 5.9% and is forecasted to attain a value of USD 29.8 billion by 2033. This growth trajectory is underpinned by shifting consumer preferences toward convenient, refreshing, and customizable frozen desserts, as well as the expansion of distribution channels and the introduction of health-focused product variants.

One of the primary growth factors driving the flavored ice market is the increasing consumer inclination towards healthier and more natural refreshment options. Modern consumers, especially millennials and Generation Z, are actively seeking out low-calorie, low-sugar, and additive-free alternatives to traditional desserts. This trend has encouraged manufacturers to introduce flavored ice products that leverage natural fruit extracts, organic ingredients, and functional additives such as vitamins and probiotics. The rise in health consciousness, coupled with growing concerns about obesity and lifestyle diseases, has made flavored ice a popular choice as a guilt-free indulgence. Additionally, the market is benefiting from a surge in demand for plant-based and dairy-free options, catering to the needs of vegans and lactose-intolerant individuals.

Another significant factor contributing to the market's expansion is the continuous innovation in flavors, formats, and packaging. Companies are investing heavily in research and development to create unique flavor combinations and novel textures that appeal to a diverse consumer base. From exotic fruit blends and fusion flavors to limited-edition seasonal offerings, the flavored ice market is characterized by its dynamic and ever-evolving product landscape. Furthermore, advancements in packaging technology have enhanced product shelf life, portability, and visual appeal, making flavored ice an attractive option for on-the-go consumption. The integration of sustainable packaging solutions is also resonating with environmentally conscious consumers, further boosting market growth.

The rapid proliferation of organized retail and e-commerce platforms has significantly widened the reach of flavored ice products. Supermarkets, hypermarkets, and convenience stores remain key distribution channels, offering broad assortments and attractive promotional deals. However, the growth of online grocery platforms and direct-to-consumer delivery models has made it easier for consumers to access a wide array of flavored ice options from the comfort of their homes. This shift in retail dynamics is particularly pronounced in urban centers, where busy lifestyles and rising disposable incomes are fueling demand for convenient frozen treats. The expansion of cold chain logistics and improved storage infrastructure are also facilitating greater market penetration in emerging economies.

Regionally, North America continues to dominate the flavored ice market, accounting for a significant share of global revenues. The region's well-established foodservice industry, high consumer awareness, and strong presence of leading brands contribute to its leadership position. However, the Asia Pacific region is emerging as the fastest-growing market, driven by rising urbanization, changing dietary habits, and an expanding middle class with increasing purchasing power. Europe also presents lucrative opportunities, particularly in countries with a strong tradition of frozen desserts and a growing preference for premium and artisanal offerings. Latin America and the Middle East & Africa are witnessing steady growth, supported by favorable demographic trends and the introduction of region-specific flavors.

Product Type Analysis

The flavored ice market is segmented by product type into shaved ice, Italian ice, slushies, popsicles, and others, each catering to distinct consumer prefe

global dry ice market was valued at approximately USD 1,574.45 million in 2024 and expected to reach around USD 3,068.36 million by 2034.(CAGR) of 6.90%

The global Dry ice market will expand significantly by xx% CAGR between 2024 and 2031.

The demand for pellet type is rising in the global Dry ice market. 


The Demand for transportation applications is rising in the global Dry ice market. 


The Demand for medical grade type is rising in the global Dry ice market. 


North America region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.

Current scenario of the Dry ice market

Key opportunity of the Dry ice market

Increasing the use of dry ice blasting acts as an opportunity for the dry ice market.

Throughout the projected period, steady growth in the dry ice market is anticipated due to the increasing technological innovations of dry ice blasting in the industry. Dry Ice is the unsung hero in a tale that's only getting started, one that has the potential to transform everything from the way we ship fragile goods to producing breathtaking effects in art and gastronomy.

For example, Dry ice blasting is one example of an environmentally friendly technology that has been developed in response to the increased need for green cleaning methods. Dry ice blasting is a chemical-free, eco-friendly method that leaves no toxic residues or produces hazardous waste. Because it doesn't require water, it's a water-efficient solution that can be used in places where water is scarce. Dry ice blasting may be finished fast, which lowers downtime and labor expenses. All things considered, dry ice blasting is an economical and sustainable method of surface cleaning.

Source (https://dryiceecogreen.com/innovations-in-dry-ice-technology-in-green-cleaning-practices/#:~:text=The%20latest%20innovations%20in%20dry%20ice%20technology%2C%20such%20as%20portable,effective%20and%20efficient%20cleaning%20solution.)

Dry ice blasting technology is advancing green cleaning practices by offering new and improved ways to clean surfaces safely and effectively. Recent innovations include portable dry ice blasting equipment, which allows for on-site cleaning without the need for large equipment, reduced dry ice pellet consumption, variable flow controls, and improved nozzle design. Portable equipment is smaller, lighter, and easier to maneuver into tight spaces, while variable flow controls allow for greater control over the number of dry ice pellets released during the blasting process, reducing the risk of damage. Improved nozzle design also enhances the efficiency of cleaning processes, reducing the risk of damage. Overall, dry ice blasting technology is a vital component of green cleaning practices, ensuring safe and effective cleaning processes. This influences the dry ice market.

Key drivers of the Dry ice market

Growing preference for dry ice over water ice drives the growth of the dry ice market.

Food storage and delivery in areas without refrigeration facilities require the use of dry ice. Dry ice, in contrast to ordinary ice, may cool for up to 24 hours before it needs to be changed. Dry ice is a better option for carbonation and soda applications since it keeps packed frozen goods frozen for longer at a chilly temperature. Furthermore, dry ice is more durable and provides better cooling than water ice. Dry ice's ability to sublimate means that the container can be kept dry for a few hours. Because of these advantages, the pharmaceutical, machine blast cleaning, and food preservation industries employ more dry ice. The growing demand for cold chain logistics, particularly in the food, beverage, and pharmaceutical industries, is another important factor.

For example, The demand for dry ice in the United States increased by 695% from Q3 to Q4 and by 1,138% YoY. It is anticipated that the increasing tendency will persist as vaccine producers compete to create and supply vaccines across the globe. The year-over-year and Q4 increases in sourcing for ultra-low temperature freezers were 835% and 571%, respectively. In 2020, the demand for syringes increased dramatically, rising by 187% year over year and by 403% month over month from November to December.

Source (https://www.supplychaindive.com/news/covid-vaccine-supply-PPE-nitrile-gloves-sourcing/594475/)

When shipping perishable goods and temperature-sensitive commodities like vaccines, biological samples, and specialized delicacies, ice is t...

The global packaged ice market is experiencing robust growth, driven by increasing demand from diverse sectors like food and beverage, healthcare, and hospitality. The market's expansion is fueled by rising disposable incomes, particularly in developing economies, leading to increased consumption of chilled food and beverages. Furthermore, the growing preference for convenience and ready-to-use products is significantly boosting the demand for packaged ice. The market is witnessing the emergence of innovative packaging solutions, focusing on enhanced hygiene and sustainability, contributing to market expansion. Major players are strategically investing in advanced production technologies and distribution networks to cater to the burgeoning demand and optimize their market share. While the market faces challenges like fluctuating raw material prices and stringent regulatory compliance regarding hygiene and safety, the overall outlook remains positive, projected to maintain a healthy Compound Annual Growth Rate (CAGR) over the forecast period (2025-2033). We estimate the market size in 2025 to be approximately $5 billion, based on industry reports and growth trends of related markets. The packaged ice market is segmented based on ice type (e.g., cubed, crushed, nugget), packaging (e.g., bags, blocks), and end-use industry. Regional variations exist due to climate conditions and consumption patterns. North America and Europe currently hold significant market share, driven by established infrastructure and high consumer demand. However, Asia-Pacific is expected to witness substantial growth in the coming years, owing to rapid urbanization, rising disposable incomes, and increasing adoption of packaged ice in various sectors. Competition among established players is intense, prompting innovation and expansion strategies. Smaller, regional players focus on niche markets and local distribution, while larger companies focus on economies of scale and broad geographic reach. The market will continue to evolve with a focus on product diversification, supply chain optimization, and sustainable practices. Looking ahead, the integration of technology in production, packaging, and distribution will play a crucial role in shaping the future of the packaged ice market.

Global Ice market size 2025 was XX Million. Ice Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Dry Ice Market is projected to reach USD 3.90 billion by 2033, growing at a CAGR of 8.2% from 2025-2033.