DRY ICE MARKET Size and trends

Dry Ice Market Size and Trends

The global dry ice market is estimated to be valued at USD 1.67 Bn in 2025 and is expected to reach USD 2.79 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2025 to 2032.

Key Takeaways of the Dry Ice Market:

• The sliced segment is expected to account for 40.6% of the market share in 2025.
• The liquid CO2 method segment is expected to hold 50.3% share of the market in 2025.
• The food & beverage segment is expected to account for 39.2% of the market share in 2025.
• Asia Pacific is projected to lead the global market with a 33.8% share in 2025, followed by the North America region, which is expected to hold a 30.2% share

Market Overview:

Dry ice is increasingly being used for various applications such as food freezing, medial purposes, entertainment industry, etc. Rapid growth in the pharmaceutical industry and increasing demand for frozen foods are some key factors augmenting the demand for dry ice. Moreover, growing exports of seafood, meat, and other perishable products are also propelling the consumption of dry ice for transportation and storage purposes. Various properties of dry ice such as non-reactive nature and ability to induce cooling without leaving any residue behind makes it a preferred cooling medium across industries. Development of reliable distribution channels by manufacturers and growing awareness regarding benefits of dry ice over liquid nitrogen are further anticipated to drive the market growth during the next few years.