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Global Reusable Ice Cubes Market Size is expected to grow approximately at a CAGR of 7.4% during the forecast period: Reed Intelligence

GlobeNewswire

The Reusable Ice Cubes Market is expected to grow at a CAGR of 7.4% from 2023 to 2031. The market is primarily pushed by rising health consciousness, expanding demand for eco-friendly and sustainable products, and rising popularity of mocktails and cocktails.

New York, United States, Aug. 31, 2023 (GLOBE NEWSWIRE) — Silicone, stainless steel, and bamboo are some of the materials used to make Reusable Ice Cubes. They are a healthy substitute for reusable ice cubes, which are formed of water and can melt and dilute beverages. Reusable ice cubes can be used repeatedly before needing to be replaced since they endure longer than reusable ice cubes.

One of the main factors propelling the market for reusable ice cubes is the rising demand for environmentally friendly and sustainable products. Customers are searching for more environmentally friendly substitutes as they become more conscious of the negative effects that reusable ice cubes have on the environment. Consumers who want to lessen their influence on the environment might consider reusable ice cubes.

Another major factor propelling the market for reusable ice cubes is the growing health consciousness. Customers are searching for ways to make their water more tasty and refreshing as they become more and more aware of the health benefits of drinking water. Water can be infused with fruits, herbs, and spices using reusable ice cubes, which can enhance the flavor and nutritional value of the water.

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Market Dynamics

Traditional ice cubes, which are formed of water and can melt and dilute drinks, are causing consumers to become more conscious of the environmental impact of their use. A sustainable substitute that can be used repeatedly before needing to be replaced is reusable ice cubes.

Customers are searching for ways to make their water more tasty and refreshing as they become more and more aware of the health benefits of drinking water. Water can be infused with fruits, herbs, and spices using reusable ice cubes, which can enhance the flavor and nutritional value of the water.

Reusable ice cubes are a great choice for customers who wish to prevent diluting their drinks when serving cocktails and mocktails with ice. Additionally, you can utilize reusable ice cubes to enhance the aesthetics of cocktails and mocktails.

Report Scope

Report Metric Details
Compound Annual Growth Rate (CAGR) 7.4%
Forecast Period 2023-2031
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered Segment by Type

  • Pack of 6-12 pcs
  • Pack of 12-20 pcs
  • Pack of 20-30 pcs

Segment by Application

  • Residential
  • Commercial
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • LATAM
Market Opportunities
  • Increasing Environmental Concerns
  • Convenience For Consumers
  • Growing Demand For Healthy Beverages

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The market for reusable ice cubes is expanding as a result of the rising popularity of cocktails and mocktails. Reusable ice cubes are a great choice for customers who wish to prevent diluting their drinks when serving cocktails and mocktails with ice. Additionally, you can utilize reusable ice cubes to enhance the aesthetics of cocktails and mocktails.

The market for reusable ice cubes is divided into three categories: material, application, and geography. The market is divided into silicone, stainless steel, and bamboo segments according to material. The most often used material for reusable ice cubes is silicone since it is strong, flexible, and non-toxic. A popular material is stainless steel since it is strong and resistant to high temperatures. Reusable ice cubes are increasingly being made from bamboo, a sustainable resource.

The market is divided into categories for beverages, food, and cosmetics based on application. Reusable ice cubes are most commonly used in beverages because they chill drinks and make them taste better. Reusable ice cubes are widely used in the food industry because they keep food cool and stop it from deteriorating. Reusable ice cubes are more commonly employed in cosmetics, where they are utilized to cool skin and lessen irritation.

Regional Analysis

Due to the strong consumer awareness and desire for environmentally friendly products, North America is a significant market for reusable ice cubes. The major markets in this region are the US and Canada, and reusable ice cube producers are widely spread throughout these nations. Due to the rising popularity of outdoor activities and events, the market is anticipated to expand further.

With a strong demand for environmentally friendly products and a rising understanding of the negative consequences of conventional single-use items, Europe is another important market for reusable ice cubes. The main markets in this area are the UK, Germany, France, and Italy. As customers emphasize sustainability and become more ecologically aware, the market is anticipated to expand.

Due to the rising disposable income, expanding population, and growing desire for environmentally friendly products, the Asia Pacific region is anticipated to be the fastest-growing market for reusable ice cubes. The three largest markets in this area are China, India, and Japan. Due to the increase in outdoor activities and events, particularly in nations like Australia and New Zealand, the market is anticipated to expand further.

Key Highlights For The Reusable Ice Cubes Market:

  • From 2023 to 2030, The Recyclable Ice Cubes Market Size is anticipated to expand at a CAGR of 7.4%.
  • The market is primarily pushed by rising health consciousness, expanding demand for eco-friendly and sustainable products, and rising popularity of mocktails and cocktails.
  • The most often used material for reusable ice cubes is silicone since it is strong, flexible, and non-toxic.
  • Reusable ice cubes are most commonly used in beverages because they chill drinks and make them taste better.
  • Reusable ice cubes have the biggest market in North America, followed by Europe and Asia-Pacific.
  • There are several significant competitors engaged in the extremely competitive global market for recyclable ice cubes.
  • In the upcoming years, it is anticipated that the market for reusable ice cubes will expand.

Competitive Landscape

  • Efiwasi
  • Frolk.com
  • Icy Cools
  • YTD LIMITED
  • Wayfair LLC
  • Quiseen Trading Inc
  • Only Cubes (Litecubes)
  • NIFTY5
  • Kikkerland Design Inc
  • Kosher.com

Reusable Ice Cubes Market Segmentations

Segment by Type

  • Pack of 6-12 pcs
  • Pack of 12-20 pcs
  • Pack of 20-30 pcs

Segment by Application

  • Residential
  • Commercial

Segment by Region

  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • LATAM

Table of Contents

  1. Executive Summary
    1. Introduction
  2. Market Introduction
    1. Market Definition
    2. Scope of the Study
    3. Market Structure
  3. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  4. Market Factor Analysis
    1. Value Chain Analysis: Reusable Ice Cubes Market
    2. Porters Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
  6. Recent Trends Analysis
  7. Impact of COVID-19 on Reusable Ice Cubes Market
    1. Pre and Post-Covid -19 Market Scenario Analysis
    2. Market Recovery Timeline and Challenge
    3. Measures Taken by Top Players
  8. Regulatory Landscape
  9. Reusable Ice Cubes Market, Segment by Type
    1. Introduction
      1. Market Size and Forecast, Segment by Type
    2. Pack of 6-12 pcs
      1. Market Size and Forecast, By Region
    3. Pack of 12-20 pcs
      1. Market Size and Forecast, By Region
    4. Pack of 20-30 pcs
      1. Market Size and Forecast, By Region
  10. Reusable Ice Cubes Market, Segment by Application
    1. Introduction
      1. Market Size and Forecast, Segment by Application
    2. Residential
      1. Market Size and Forecast, By Region
    3. Commercial
      1. Market Size and Forecast, By Region
  11. Regional Overview
    1. Introduction
      1. Market Size and Forecast
    2. North America
      1. Market Size and Forecast
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      2. U.S.
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      3. Canada
    3. Europe
      1. Market Size and Forecast
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      2. U.K.
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      3. Germany
      4. France
      5. Spain
      6. Italy
      7. Russia
      8. Nordic
      9. Benelux
      10. Rest of Europe
    4. APAC
      1. Market Size and Forecast
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      2. China
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      3. Korea
      4. Japan
      5. India
      6. Australia
      7. Singapore
      8. Taiwan
      9. South East Asia
      10. Rest of Asia-Pacific
    5. Middle East and Africa
      1. Market Size and Forecast
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      2. UAE
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      3. Turky
      4. Saudi Arabia
      5. South Africa
      6. Egypt
      7. Nigeria
      8. Rest of MEA
    6. LATAM
      1. Market Size and Forecast
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      2. Brazil
        1. Segment by Type
          1. Pack of 6-12 pcs
          2. Pack of 12-20 pcs
          3. Pack of 20-30 pcs
        2. Segment by Application
          1. Residential
          2. Commercial
      3. Mexico
      4. Argentina
      5. Chile
      6. Colombia
      7. Rest of LATAM
  12. Competitive Landscape, 2022
    1. Introduction
    2. Reusable Ice Cubes Market Share Analysis, 2022 (%)
      1. Market Share Analysis, 2022
      2. Competition Ranking, 2022
      3. Key Developments & Growth Strategies
        1. Merger & Acquisition
        2. Product Launch
        3. Expansion
      4. Consolidated SWOT Analysis of Key Players
  13. Company Profile
    1. Efiwasi
      1. Business Overview
      2. Financial Data
      3. Key Product Categories
      4. Recent Developments
    2. Frolk.com.
    3. Icy Cools
    4. YTD LIMITED
    5. Wayfair LLC
    6. Quiseen Trading Inc.
    7. Only Cubes (Litecubes)
    8. NIFTY5
    9. Kikkerland Design Inc.
    10. Kosher.com

Table of Content & Figure @ https://reedintelligence.com/market-analysis/global-reusable-ice-cubes-market/toc 

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About Reed Intelligence

A global market research and management consulting firm, Reed Intelligence serves businesses, non-profit organisations, educational institutions, and governmental organisations. Our objective is to collaborate with enterprises to achieve long-term strategic improvements and expansion targets. Our industry research papers are made to offer quantitative data together with significant industry insights. Our goal is to give our clients the information they need to achieve long-term organisational growth. We offer reports to expedite and improve the plans of our clients, whether they are looking to expand into new areas, create new solutions, or take advantage of niche growth prospects.

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