The UK and UAE dry ice market size was valued at US$ 37.38 million in 2022 and is projected to reach US$ 52.82 million by 2030; it is expected to grow at a CAGR of 4.4% from 2022 to 2030.
Increasing demand for frozen foods and the rising use of dry ice as a refrigerant in food and shipping industries is anticipated to provide growth opportunities to the UK and UAE dry ice market. Dry ice is carbon dioxide in its solid form and is used as a refrigerant, especially during the shipping of perishable products such as meat or frozen desserts. As the dry ice sublimes, it leaves no residue to contaminate or compromise the quality of food. The increasing consumer preference toward convenience food favors the demand for frozen products as they require less time and effort as compared to cooking from scratch. Frozen food products consume less time and are easy to cook; thus, consumers prefer these products due to their busy lifestyles and dual working households. Moreover, increasing disposable income is also one such factor that significantly influences the demand for frozen food products, ultimately affecting the UK and UAE dry ice market growth.
The high demand for frozen meat, poultry and seafood also contributes to the market growth. The increasing awareness among consumers regarding the health benefits offered by meat and seafood is surging its demand. These products are low-fat and high-protein foods that can help to build muscle, improve eyesight, boost brainpower, support heart health, relieve joint discomfort, and improve skin and hair. Consumers are shifting toward a healthy lifestyle, which has led to a high demand for healthy food with nutritional value. Hence, the surge in demand for frozen food products is anticipated to boost the UK and UAE dry ice market.
The UK and UAE dry ice market has been segmented based on end use into food and beverages, storage and transportation, healthcare, industrial applications, and Others. The food and beverages held the largest market share in the UK and UAE dry ice market in 2022. The food and beverages industry are experiencing huge growth globally. This is majorly attributed to the industry’s strong development and innovations, which have further enhanced consumption and consumers spending. Manufacturers of several food and beverage products are creating differentiated products, owing to change in consumer preferences, and with the increase in food and beverage sector demand for dry ice is increasing. In food and beverages dry ice is used in food processing facilities, including meat processors, commercial bakeries, and wineries to maintain particular temperatures in order to reduce the risk of spoilage during production, and to inhibit bacterial growth and delay fermentation.
Eco Green Dry Ice Services Oil & Gas Industries LLC, Dry Ice Dubai, Carbonic International FZCO, Saboo International FZC, Chillistick Ltd, Dry Ice Network (UK) Ltd, Nippon Gases UK Ltd, Ice N Ice, Dry Ice UK Ltd, and All About Ice Europe Ltd. are some of the major players operating in the UK and UAE dry ice market. Players operating in the UK and UAE dry ice market are adopting different strategies, such as investments in research and development activities and new product launches, to stand out as strong competitors in the market. Market players are highly focused towards the development of high quality and innovative product offerings to fulfil the customer’s requirements.
The size of overall UK and UAE dry ice market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the UK and UAE dry ice market.
Reasons to Buy
Increasing demand for frozen foods and the rising use of dry ice as a refrigerant in food and shipping industries is anticipated to provide growth opportunities to the UK and UAE dry ice market. Dry ice is carbon dioxide in its solid form and is used as a refrigerant, especially during the shipping of perishable products such as meat or frozen desserts. As the dry ice sublimes, it leaves no residue to contaminate or compromise the quality of food. The increasing consumer preference toward convenience food favors the demand for frozen products as they require less time and effort as compared to cooking from scratch. Frozen food products consume less time and are easy to cook; thus, consumers prefer these products due to their busy lifestyles and dual working households. Moreover, increasing disposable income is also one such factor that significantly influences the demand for frozen food products, ultimately affecting the UK and UAE dry ice market growth.
The high demand for frozen meat, poultry and seafood also contributes to the market growth. The increasing awareness among consumers regarding the health benefits offered by meat and seafood is surging its demand. These products are low-fat and high-protein foods that can help to build muscle, improve eyesight, boost brainpower, support heart health, relieve joint discomfort, and improve skin and hair. Consumers are shifting toward a healthy lifestyle, which has led to a high demand for healthy food with nutritional value. Hence, the surge in demand for frozen food products is anticipated to boost the UK and UAE dry ice market.
The UK and UAE dry ice market has been segmented based on end use into food and beverages, storage and transportation, healthcare, industrial applications, and Others. The food and beverages held the largest market share in the UK and UAE dry ice market in 2022. The food and beverages industry are experiencing huge growth globally. This is majorly attributed to the industry’s strong development and innovations, which have further enhanced consumption and consumers spending. Manufacturers of several food and beverage products are creating differentiated products, owing to change in consumer preferences, and with the increase in food and beverage sector demand for dry ice is increasing. In food and beverages dry ice is used in food processing facilities, including meat processors, commercial bakeries, and wineries to maintain particular temperatures in order to reduce the risk of spoilage during production, and to inhibit bacterial growth and delay fermentation.
Eco Green Dry Ice Services Oil & Gas Industries LLC, Dry Ice Dubai, Carbonic International FZCO, Saboo International FZC, Chillistick Ltd, Dry Ice Network (UK) Ltd, Nippon Gases UK Ltd, Ice N Ice, Dry Ice UK Ltd, and All About Ice Europe Ltd. are some of the major players operating in the UK and UAE dry ice market. Players operating in the UK and UAE dry ice market are adopting different strategies, such as investments in research and development activities and new product launches, to stand out as strong competitors in the market. Market players are highly focused towards the development of high quality and innovative product offerings to fulfil the customer’s requirements.
The size of overall UK and UAE dry ice market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the UK and UAE dry ice market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the UK and UAE dry ice market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the UK and UAE dry ice market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth UK and UAE market trends and outlook coupled with the factors driving the dry ice market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. UK & UAE Dry Ice Market Landscape
5. UK & UAE Dry Ice Market - Key Market Dynamics
6. Dry Ice Market - UK Market Analysis
7. Dry Ice Market - UAE Market Analysis
8. Impact of COVID-19 Pandemic on UK & UAE Dry Ice Market
9. Competitive Landscape
10. Industry Landscape
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned
- Eco Green Dry Ice Services Oil & Gas Industries LLC
- Dry Ice Dubai
- Carbonic International FZCO
- Saboo International FZC
- Chillistick Ltd
- Dry Ice Network (UK) Ltd
- Nippon Gases UK Ltd
- Ice N Ice
- Dry Ice UK Ltd
- All About Ice Europe Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 91 |
Published | February 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value in 2022 | 37.38 Million |
Forecasted Market Value by 2030 | 52.83 Million |
Compound Annual Growth Rate | 550.0% |
Regions Covered | Global, United Arab Emirates, United Kingdom |
No. of Companies Mentioned | 10 |