Household Refrigerator And Home Freezer Market Forecast 2024-2033: Growth Rate, Drivers, And Trends
Household Refrigerator And Home Freezer Market Growth Trajectory Through 2024-2033
Global Household Refrigerator And Home Freezer Market Analysis 2024 – Estimated Market Size And Key Drivers
Household Refrigerator And Home Freezer Market Overview 2024-2033 – Competitive Landscape and Strategies
Global Household Refrigerator And Home Freezer Market Report 2024: Growth Rate, Major Segments And Regions
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The Household Refrigerator And Home Freezer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
Learn More On The Household Refrigerator And Home Freezer Market:
https://www.thebusinessresearchcompany.com/report/hyperscale-data-centres-global-market-report
According to The Business Research Company’s Household Refrigerator And Home Freezer Global Market Report 2024, The household refrigerator and home freezer market size has grown strongly in recent years. It will grow from $59.18 billion in 2023 to $62.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to electrification of households, changing consumer lifestyles, energy efficiency and environmental concerns, kitchen remodeling and upgrades, adoption of modular kitchens, increase in the number of nuclear families worldwide.
The household refrigerator and home freezer market size is expected to see strong growth in the next few years. It will grow to $78.46 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to smart and connected appliances, sustainability and energy efficiency, health and wellness trends, urbanization and smaller living spaces, food delivery and online shopping. Major trends in the forecast period include french door refrigerators, energy-efficient cooling, customization and flexible storage, fingerprint-resistant finishes, integration of water and ice dispensers.
The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as change in the dietary habits of consumers is driving the household refrigerator and freezer market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the growth of the household refrigerators and home freezers market.
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The household refrigerator and home freezer market covered in this report is segmented –
1) By Type: Refrigerators; Freezers; Ice Boxes; Refrigerator/Freezer Combinations
2) By Refrigerator Door Type: Single Door; Double Door; Side by Side Door; French Door
3) By Freezer Location: Freezer on top; Freezer on bottom; Freezer less
4) By Application: Frozen Vegetable and Fruit; Frozen Meat; Other Applications
5) By Distribution Channel: Specialty Stores; Supermarkets/Hypermarkets; Online; Other Distribution Channels
The household refrigerator and home freezer market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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