The culture of ice cream consumption and thus its manufacture albeit steadfastly established in North America essentially originated in Europe where people have been enamored by the product.
Refrigeration is an inalienable aspect of the global ice cream market. Coupled with the rising environmental concerns and the inclination of minimizing the reliance on harmful chemicals called hydrofluorocarbons (HFCs) in refrigeration, has also facilitated the growth of the magnetic refrigeration market that is estimated by Knowledge Sourcing Intelligence to grow at a CAGR of 50.44% to attain an estimated market value of US$202.757 million in 2025 the estimated market value of US$17.493 million in 2019.
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