GCC Dry Ice Market

The GCC dry ice market is expected to grow from US$ 19.01 million in 2022 to US$ 24.78 million by 2028. It is expected to grow at a CAGR of 4.5% from 2022 to 2028.

Dry ice is a solid form of carbon dioxide (CO₂), which gets converted into gas instead of liquid after sublimation. It is an odorless, non-flammable, and slightly acidic substance that is produced by compressing and cooling gaseous carbon dioxide under high pressure. Dry ice is often used as a coolant during the transportation of temperature-sensitive products due to the fact that it is colder than water ice and has no liquid phase in standard atmospheric conditions. Dry Ice can keep up with the "cool chain" all through the whole dispersion chain, from creation to end-user. Notwithstanding ideal virus chain affirmation, through amazing control of temperature and quick temperature recuperation after entryway/cover opening, Dry Ice offers expanded strategies adaptability, low or no commotion, and is better for the climate.

Moreover, dry ice is also being used in the healthcare industry. Dry ice can help in the sanitation, transport and storage of medical materials, such as medication and even surgical tools. As these are used in an environment which requires the highest standard of safety and purity, dry ice must be produced, delivered and handled with the proper care in the healthcare industry. Hazardous materials such as blood samples, body organs and other biomedical substances can only remain viable outside the body with proper handling. These materials must be kept at specific temperatures from recovery to preservation and transport. These factors are propelling the GCC dry ice market growth during the forecast period.

The GCC dry ice market is expected to grow from US$ 19.01 million in 2022 to US$ 24.78 million by 2028; it is expected to grow at a CAGR of 4.5% during 2022–2028. The high demand for perishable food products, such as meat, seafood, and dairy, is expected to propel the demand for cold chain logistics in Qatar in the coming years. Qatar is projected to become the world's second country to allow cell-based meat. The country intends to become a major exporter of plant-based and cell-based products in the region, which would increase its dependence on cold chain facilities, thereby boosting the demand for dry ice. Moreover, a rise in the import of COVID-19 vaccines has bolstered the demand for dry ice in Qatar.

Key Market Segments

Based on type, the GCC dry ice market is segmented into pellets, blocks, and others. In 2022, the blocks segment accounted for the largest market share, and it is further expected to register the highest CAGR during the forecast period. Based on application, the market is segmented into food & beverages, storage and transportation, healthcare, industrial applications, and others. The storage and transportation segment accounted for the largest share of the GCC dry ice market in 2021, and the food & beverages segment is expected to record the highest CAGR in the market during the forecast period.

Dry ice is being increasingly used in the maceration stage of winemaking (i.e., the time the juice from the grapes is left in contact with the fruit skin and stems) to inhibit the beginning of fermentation by rapidly reducing the temperature below 10°C. It is also being used in the meat processing industry and commercial bakeries to maintain critical temperatures to reduce product spoilage by inhibiting bacterial growth, slowing yeast growth, and delaying fermentation during production. It leaves no residue to contaminate or compromise the quality of food. Dry ice is also added in small amounts to serving trays to produce a fog effect around the food dishes.

Major Sources and Companies

A few primary and secondary sources referred to while preparing this report on the GCC dry ice market are paid databases (Factiva), publications, hoovers, investor presentations, newsletters, sec archives, and annual reports, in addition to the information available in the public domain. Major companies listed in the report are Rawabi Holding; Gulf Cyro; United Parcel Service of America, Inc.; Esnadee; Linde Plc; Albarrak Group Company; Asco Carbon Dioxide Ltd.; Eco Green Dry Ice; Saboo International; and Freezpak International.

Reasons to Buy Report

• Progressive trends in the dry ice industry to help players develop effective long-term strategies
• Business growth strategies adopted by companies to secure growth in developed and developing markets
• Quantitative analysis of the GCC dry ice market from 2020 to 2028
• Estimation of the demand for dry ice
• Porters analysis to illustrate the efficacy of buyers and suppliers operating in the dry ice industry
• Recent developments to understand the competitive market scenario and demand for dry ice
• Market trends and outlook and factors driving and restraining the GCC dry ice market
• Understanding the strategies that underpin commercial interest concerning the GCC dry ice market, aiding in the decision-making process
• GCC dry ice market size at various nodes of market
• Detailed overview and market segmentation, and the GCC dry ice industry dynamics
• GCC dry ice market size in various regions with promising growth opportunities

GCC Dry Ice Strategic Insights

Strategic insights for the GCC Dry Ice provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

GCC Dry Ice Report Scope

GCC Dry Ice Regional Insights

The geographic scope of the GCC Dry Ice refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.