Beverage Cooler Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F Segmented By Type (Free standing, Built-in), By Product Type (Less than 200 Liters, 201-500 Liters, 501-1000 Liters, and More than 1000 Liters), By Door (Left-side Door, Right-side Door, Dual Door, Sliding Door, and Others (Reversible Door, French Door, etc.)), By End Use (Retail, Hotels, Restaurant

The global beverage cooler market is driven by increasing consumer demand from

A beverage cooler is a refrigerator that is

The increasing number of clubs, lounges, and bars have led to an increase in

Lifestyle has changed as a result of rising income and cost-of-living expenses. Globally, changing lifestyles have significantly impacted people’s eating and drinking habits. It has led to the sales for chilled drinks such as soft drinks, juices, soda, and alcoholic drinks. Additionally, many individuals prefer to eat at restaurants and other food establishments due to their hectic lifestyles, where they order beverages as well, which has resulted in the demand of beverage coolers from restaurants. As of 2021, according to the National Restaurant Association, the restaurant industry sales were around USD 799 billion in 2021, and there were 14.5 million employees working in this industry.

The COVID-19 pandemic constrained the beverage cooler market's growth in 2020. Sales of beverage coolers decreased slightly in 2020 due to the lockdown and the closure of businesses, beverage needs, and grocery retailers.

Rising Number of Hypermarkets/Supermarkets is Fueling the Market Growth

The popularity of beverage coolers has also been greatly helped by expanding supermarkets, specialized food shops, and hypermarkets worldwide. For instance, Walmart Canada stated in 2022 that it would invest USD1 billion in large infrastructure initiatives in 2022, including store renovations and building a new fulfillment center outside of the south of Montreal for USD100 million. And they will spend USD 3.5 billion to build new distribution centers and update their retailers to “smart retailers.”

Rising Government Initiative on Green Technology is Driving the Market Growth

Global environmental rules governing refrigerator manufacturing processes and raw materials will promote the expansion of the beverage cooler market, owing to the increase government initiatives with the changing consumer preference towards energy efficient products the demand for beverage coolers is increasing. For instance, Rapidcool is a cutting-edge project funded by European Union research funding that intends to lower the energy consumption needed to cool beverages at the point of sale, saving merchants money and benefiting the environment. The result is a rapid cooling technique with low energy consumption and cheap cost that enables pre-packaged beverages to be held at room temperature and then quickly chilled. Drink cans and bottles can be cooled from room temperature to 4°C in less than 45 seconds, according to a gadget created by RapidCool. According to the findings, glass door coolers and sure typical open-front drink chillers use 54% less energy than those two coolers.

Rising Number of Retail retailers is Driving the Market Growth

The increasing number of retail retailers is one of the significant factors driving the beverage cooler market, as customers buy most beverages from retail retailers. Because of this, retail retailers need more beverage coolers to satisfy their consumers' demands. For instance, as of 2021, there were around 1.6 million retail retailers worldwide. The United States tops the rank with over 1 million retailers, followed by China with 500,000. The increasing number of retail retailers with the increase in demand from them is pushing the beverage cooler market to grow.

Increasing Number of Wine Drinkers is Driving the Market Growth

. According to the study of International Organization of Vine and Wine in 2021, the US consumes the most vine per annum, which is around 33.1 mhl, followed by France with 25.2 mhl, Italy 24.2, and Germany with 19.8 mhl.

Multi-Functional Beverage Coolers is Driving the Market Growth

More than just a temperature measurement area is provided by beverage coolers. The multipurpose storage coolers provide two distinct serving zones, one at room temperature and the other at a colder temperature. Additionally, it is anticipated that these characteristics would further enhance regional beverage cooler sales trends.

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Market Segmentation

The global beverage cooler market is segmented based on type, product type, door, end use, distribution channel, region, and competitional landscape. Based on type, the market is bifurcated into free standing and built-in. Based on product type, market is divided into less than 200 liters, 201-500 liters, 501-1000 liters, and more than 1000 liters.

Company Profiles

AB Electrolux, Viking Range, LLC, Haier lnc., Perlick Corporation, Danby Appliances Inc., Climadiff S.A., LG Corporation, Miele & Cie. KG, Liebherr-International Deutschland GmbH, Siemens AG