South & Central America Dry Ice Market Forecast to 2028

South & Central America Dry Ice Market Forecast to 2028 – Regional Analysis – by Type (Pellets, Blocks, and Others) and Application (Food and Beverages, Storage and Transportation, Healthcare, Industrial Applications, and Others)

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Description

The South & Central America dry ice market is expected to grow from US$ 13.50 million in 2022 to US$ 16.28 million by 2028. It is estimated to grow at a CAGR of 3.2% from 2022 to 2028.

The Rapidly Increasing Demand for Frozen Foods Fuels South & Central America Dry Ice Market

Increase in demand for frozen foods and rise in usage of dry ice as refrigerant in food and shipping industries are anticipated to provide growth opportunities to the South & Central America dry ice market . Dry ice is carbon dioxide in its solid form, a dense, snowlike substance that sublimes at −78.5 °C (−109.3 °F), used as a refrigerant, especially during shipping of perishable products such as meats or ice cream. As the dry ice sublimes, it leaves no residue to contaminate or compromise the quality of food.

The increasing consumer preference toward convenience foods favors the increasing 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, consumers are preferring these products due to the busy lifestyles and dual working households. Moreover, increasing disposable income is also one such factor that has a huge influence on the demand of frozen food products which ultimately affects the market growth of the South & Central America dry ice market.
Furthermore, the high demand for frozen meat & poultry and seafood is also contributing 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 food 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 high demand for heathy food with nutritional value. Hence, the surge in demand of frozen food products is ultimately bolstering the market growth of the South & Central America dry ice market.

South & Central America Dry Ice Market Overview

Dry ice markets activities aim to extend and ensure the shelf life of fresh agricultural products, seafood, frozen food, and pharmaceuticals will grow substantially. According to the Brazilian Foreign Trade Secretariat statistics, from 2021 to 2022, Brazil has seen significant growth in its meat export. This fast rise is attributable to rising consumer demand due to changing lifestyles and modern technology. With rising consumer demand for frozen food products and a highly competitive market, most food processors, distributors, and retailers are transitioning from manually operated warehouse facilities to automatic deep-freeze warehouses with the widespread use of dry ice. These factors are expected to drive the South and Central American South & Central America dry ice market.

South & Central America Dry Ice Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Dry Ice Market Segmentation

The South & Central America dry ice market is segmented into type, application, and country.
Based on type, the South & Central America dry ice market is segmented into pellets, blocks, and others. The blocks segment held the largest share of the South & Central America dry ice market in 2022.

Based on application, the South & Central America dry ice market is segmented into food and beverages, storage and transportation, healthcare, industrial applications, and others. The storage and transportation segment held the largest share of the South & Central America dry ice market in 2022.

Based on country, the South & Central America dry ice market is segmented into Argentina, Brazil, and the Rest of South & Central America. Brazil dominated the South & Central America dry ice market in 2022.
Air Products and Chemicals Inc; Continental Carbonic Products, Inc.; L’Air Liquide SA; and Linde Plc are some of the leading companies operating in the South & Central America dry ice market.

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At 3.2% CAGR, the South & Central America Dry Ice Market is speculated to be worth US$ 16.28 million by 2028, says the research team

According to the research team’ Research, the South & Central America dry ice market was valued at US$ 13.50 million in 2022 and is expected to reach US$ 16.28 million by 2028, registering a CAGR of 3.2% from 2022 to 2028. High demand for dry ice in storage and transportation and increasing preference for dry ice over water-based ice are the critical factors attributed to the South & Central America dry ice market expansion.

Another use of dry ice is for the special effects. Small, localized fog effects for use in theatres and by photographers and film makers can be achieved by adding dry ice pellets in a bucket of hot water which increases the sublimation rate immediately creating a dense ground level fog. Dry ice creates stunning visual fog effects at weddings, Halloween, birthday parties and in pubs and nightclubs. Dry ice creates a fog effect because of its cold temperature (-78.5°C). When immersed in hot water, it creates a cloud of water vapor fog. When the water is colder than 15°C, the fog effect stops but the dry ice continues to sublimate and bubble.
Dry ice offers multiple benefits for any function, party, or event. Placing dry ice blocks in a heated pool or jacuzzi creates an impressive fog effect that attracts guests. It is also used in weddings to create a romantic dancing-on-clouds effect. Dry ice produces the low-lying fog that flows across the ground. Dry ice is an addition to a champagne glass tower, creating a cascading fog effect. Moreover, it is also used in Halloween parties for special effects.
Furthermore, dry ice is sometimes used in the presentation of food in restaurants. Dry Ice pellets work best as it can be added in small amounts to serving trays to produce a fog effect around the food dishes. It is also used with cocktails and other drinks to produce a fun and unique fog effect. Chill Sticks are specially developed to hold dry ice pellets safely in a glass without risk of the dry ice being swallowed.

On the contrary, the inability of dry ice to be stored for an extended period hampers the South & Central America dry ice market.

Based on type, the South & Central America dry ice market is segmented into pellets, blocks, and others. The blocks segment held 50.4% share of South & Central America dry ice market in 2022, amassing US$ 6.80 million. It is projected to garner US$ 8.49 million by 2028 to expand at 3.8% CAGR during 2022–2028.

Based on application, the South & Central America dry ice market is segmented into food and beverages, storage and transportation, healthcare, industrial applications, and others. The storage and transportation segment held 30.8% share of South & Central America dry ice market in 2022, amassing US$ 4.16 million. It is projected to garner US$ 5.11 million by 2028 to expand at 3.5% CAGR during 2022–2028.

Based on country, the South & Central America dry ice market has been categorized into Argentina, Brazil, and the Rest of South & Central America. Our regional analysis states that Brazil captured 48.2% share of South & Central America dry ice market in 2022. It was assessed at US$ 6.51 million in 2022 and is likely to hit US$ 8.16 million by 2028, exhibiting a CAGR of 3.9% during 2022–2028.
Key players operating in the South & Central America dry ice market are Air Products and Chemicals Inc; Continental Carbonic Products, Inc.; L’Air Liquide SA; and Linde Plc, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America Dry Ice Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America Dry Ice Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Dry Ice Market, by Type
1.3.2 South & Central America Dry Ice Market, by Application
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. South & Central America Dry Ice Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 End-use Industries
4.4 Expert Opinion
5. South & Central America Dry Ice Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 High Demand for Dry Ice in Storage and Transportation
5.1.2 Dry Ice Increasing Preference for Dry Ice over Water-based Ice
5.2 Market Restraints
5.2.1 The Inability of Dry Ice to be Stored for an Extended Period
5.3 Market Opportunities
5.3.1 The Rapidly Increasing Demand for Frozen Foods
5.4 Future Trends
5.4.1 Use of Dry Ice for Creating Special Effects
5.5 Impact Analysis of Drivers and Restraints
6. South & Central America Dry Ice – Market Analysis
6.1 Market Overview
6.2 South & Central America Dry Ice Market –Revenue and Forecast to 2028 (USD Million)
7. South & Central America Dry Ice Market Analysis – By Type
7.1 Overview
7.2 South & Central America Dry Ice Market, By Type (2021 and 2028)
7.3 Pellets
7.3.1 Overview
7.3.2 Pellets: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Blocks
7.4.1 Overview
7.4.2 Blocks: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Others: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Mn)
8. South & Central America Dry Ice Market Analysis – By Application
8.1 Overview
8.2 South & Central America Dry Ice Market, By Application (2021 and 2028)
8.3 Food and Beverages
8.3.1 Overview
8.3.2 Food and Beverages: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Storage and Transportation
8.4.1 Overview
8.4.2 Storage and Transportation: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Healthcare
8.5.1 Overview
8.5.2 Healthcare: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Industrial Applications
8.6.1 Overview
8.6.2 Industrial Applications: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Mn)
9. South & Central America Dry Ice Market – Country Analysis
9.1 South & Central America Dry Ice Market
9.1.1 South and Central America: South & Central America Dry Ice Market, by Key Country
9.1.1.1 Brazil: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: South & Central America Dry Ice Market, By Type
9.1.1.1.2 Brazil: South & Central America Dry Ice Market, by Application
9.1.1.2 Argentina: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: South & Central America Dry Ice Market, By Type
9.1.1.2.2 Argentina: South & Central America Dry Ice Market, by Application
9.1.1.3 Rest of South and Central America: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South and Central America: South & Central America Dry Ice Market, By Type
9.1.1.3.2 Rest of South and Central America: South & Central America Dry Ice Market, by Application
10. Company Profiles
10.1 Continental Carbonic Products, Inc.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 LINDE
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 L’Air Liquide SA
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Air Products and Chemicals Inc
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments

LIST OF TABLES

Table 1.             South & Central America Dry Ice Market –Revenue and Forecast to 2028 (USD Million)
Table 2.             Brazil South & Central America Dry Ice Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3.             Brazil South & Central America Dry Ice Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4.             Argentina South & Central America Dry Ice Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5.             Argentina South & Central America Dry Ice Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6.             Rest of South and Central America South & Central America Dry Ice Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7.             Rest of South and Central America South & Central America Dry Ice Market, by Application – Revenue and Forecast to 2028 (US$ Million)
 
 

LIST OF FIGURES

Figure 1.           South & Central America Dry Ice Market Segmentation
Figure 2.           South & Central America Dry Ice Market Segmentation – By Country
Figure 3.           South & Central America Dry Ice Market Overview
Figure 4.           South & Central America Dry Ice Market, By Type
Figure 5.           South & Central America Dry Ice Market, by Country
Figure 6.           Porter’s Five Forces Analysis
Figure 7.           Ecosystem: South & Central America Dry Ice Market
Figure 8.           Expert Opinion
Figure 9.           South & Central America Dry Ice Market Impact Analysis Of Driver And Restraints
Figure 10.        South & Central America Dry Ice Market – Revenue and Forecast to 2028 (USD Million)
Figure 11.        South & Central America Dry Ice Market Revenue Share, By Type (2021 and 2028)
Figure 12.        Pellets: South & Central America Dry Ice Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13.        Blocks: South & Central America Dry Ice Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14.        Others: South & Central America Dry Ice Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15.        South & Central America Dry Ice Market Revenue Share, By Application (2021 and 2028)
Figure 16.        Food and Beverages: South & Central America Dry Ice Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17.        Storage and Transportation: South & Central America Dry Ice Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18.        Healthcare: South & Central America Dry Ice Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19.        Industrial Applications: South & Central America Dry Ice Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20.        Others: South & Central America Dry Ice Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21.        South & Central America Dry Ice Market, by Key Country– Revenue (2021) (US$ Mn)
Figure 22.        South & Central America Dry Ice Market Revenue Share, by Key Country (2021 and 2028)
Figure 23.        Brazil: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24.        Argentina: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25.        Rest of South and Central America: South & Central America Dry Ice Market – Revenue and Forecast to 2028 (US$ Million)

List of Companies

o Air Products and Chemicals Inc
o Continental Carbonic Products, Inc.
o L’Air Liquide SA
o Linde Plc

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