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

As our incomes go up, so does the cost of everything, and that's really changed how we live. These changing lifestyles are impacting what we eat and drink, all over the world. Because of this, we're seeing more sales of things like soft drinks, juices, soda, and even alcoholic beverages. Plus, let's face it, life is busy! A lot of us prefer eating out at restaurants and other food places. And guess what? We order drinks there too, which means restaurants need more beverage coolers. In fact, according to the National Restaurant Association, restaurant sales hit around USD 799 billion in 2021, and a whopping 14.5 million people were working in the restaurant industry that year!

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

Because of worldwide environmental rules about how refrigerators are made and what they're made of, and thanks to more government programs and people wanting energy-saving appliances, the market for beverage coolers is expected to grow. Think about ita project called Rapidcool, backed by the European Union, aims to cut down on the energy it takes to cool drinks where you buy them, which saves stores money and helps the planet. Basically, it's a fast cooling method that doesn't use much energy and is cheap. It lets shops keep pre-packaged drinks at room temperature and then chill them super fast. RapidCool has even made a gadget that can cool drink cans and bottles from room temperature to 4°C in under 45 seconds! That's fast! The research shows that this could use 54% less energy than your average glass door cooler or open-front drink chiller.

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