Global Beverage Coolers Market By Capacity (Below 200L, 200L-500L, 500L-1000L, and Above 1000L), By End-User (Supermarkets/Hypermarkets, HoReCa, Convenience Stores and Other End-Users), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Increase in the consumption of healthy beverages have boosted the sales of beverage coolers worldwide

Market.US announces publication of its most recently generated research report titled, “Global Beverage Coolers Market by Capacity (Below 200L, 200L-500L, 500L-1000L, and Above 1000L), By End-User (Supermarkets/Hypermarkets, HoReCa, Convenience Stores and Other End-Users), and by Region – Global Forecast 2021 to 2030”, which offers a holistic view of the Global Beverage Coolers Market through systematic segmentation that covers every aspect of the target market.

The Global Beverage Coolers Market is projected to be US$ 3,632.7 Mn in 2021 to reach US$ 5,638.8 Mn by 2031 at a CAGR of 4.6%.

Beverage coolers are electronic devices that store various beverages at a low temperature to keep them cold. The main purpose of these coolers is to store, chill, and preserve various beverages within their container. By keeping these drinks cold and safe, they increase their shelf life.

Various beverages and their various organoleptic properties require proper preservation methods to maintain these properties and ensure that their taste does not change over time.

The companies that make these refrigerators are also improving the various cosmetic features of these devices to improve the appearance. Beverage coolers offer more than just a temperature zone indicator. The multifunctional cabinet is designed to store wine and even provides two separate service areas such as a room temperature zone and a cooler zone.

Global Beverage Coolers Market Revenue (US$ Mn), 2021–2031

The increasing consumption of alcoholic and non-alcoholic beverages, especially among youth and workers, has driven the demand for beverage coolers. Wine is slowly becoming one of the most popular drinks. The increased demand for wine directly increases the demand for display cases and other equipment. As demand for these beverages continues to rise, the frozen beverage cooler market is also expected to see positive revenue growth over the forecast period.

Beverage coolers offer more than just a temperature measurement zone. The multifunctional wine storage cabinet also offers two separate serving areas, a room temperature zone and a cooler area. These multifunctional cabinets are used to protect a drink from UV radiation. These features are also expected to further complement the beverage cooler sales trajectory in various regions.

Due to the COVID-19 pandemic, companies in various industries have undergone drastic changes. Disruption in the respective supply chains has also negatively affected the food and beverage industry in regions including North America, Europe, Asia Pacific, and the rest of the world. The Chinese government had closed all its restaurants and cafes. The food industry faced problems such as production cuts, supply disruptions and fluctuations in raw material prices.

Due to this pandemic, hotels and restaurants were forced to slow down their operations until the general situation improved. This also led to a decrease in demand for consumer applications such as beverage coolers, negatively impacting the projected revenue growth of this target market. However, as these locks are gradually lifted and economies start to recover, this market is expected to pull back accordingly.

Global Beverage Coolers Market is segmented based on capacity, end-user and region. Based on Capacity, the market is segmented into Below 200L, 200L-500L, 500L-1000L, and Above 1000L. The 200L-500L segment accounts for the majority share and is expected to witness significant share in terms of revenue over the forecast period.

Based on end-user, the market is segmented into Supermarkets/Hypermarkets, HoReCa, Convenience Stores and Other End-Users. The HoReCa segment accounts for a majority share in the Global Beverage Coolers Market.

Global Beverage Coolers Market Attractiveness Analysis by Type, 2015–2031

By region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. Based on the region, North America market is estimated to account for major revenue share and is projected to dominate the Global Beverage Coolers Market in the next coming years.

The research report on the Global Beverage Coolers Market includes profiles of some of the major companies such as Siemens AG, LG Electronics Inc., Haier Group Corporation, Whirlpool, Electrolux AB, Frigoglass SAIC, Danby Appliances Co., Perlick Corporation, NewAir, Viking Range, LLC, MVP Appliances and others.

Global Beverage Coolers Market Segmentation Based on Capacity, End-Users, and Region

Based on Capacity

• Below 200L
• 200L – 500L
• 500L-1000L
• Above 1000L

Based on End-Users

• Supermarkets/Hypermarkets
• HoReCa
• Convenience Stores
• Other End-Users

Based on Key Players:

• Siemens AG
• LG Electronics Inc.
• Haier Group Corporation
• Whirlpool
• Electrolux AB
• Frigoglass SAIC
• Danby Appliances Co.
• Perlick Corporation
• NewAir
• Viking Range LLC
• MVP Appliances
• others.

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East and Africa

For the Beverage Coolers Market research study, the following years have been considered to estimate the market size: