retail coolers market outlook, retail coolers market forecast, retail coolers market trends, retail coolers market size, retail coolers industry, global retail coolers market
At what pace is the retail coolers market growing, and what is its estimated value?
The retail coolers market size has grown rapidly in recent years. It will grow from $2.43 billion in 2024 to $2.7 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to rising preference for alcoholic beverages, growing number of hypermarkets, growing popularity of e-commerce, rising use of smartphones, and rising trend of fishing.
The retail coolers market size is expected to see rapid growth in the next few years. It will grow to $4.03 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing demand for outdoor coolers, increase in outdoor recreational activities, increasing demand for energy-efficient coolers, increase in number of convenience stores, and increasing demand for frozen foods. Major trends in the forecast period include technological advancements, developing new biodegradable compostable packaging material, development of lightweight compact coolers, improving manufacturing technologies, and developing cold-chain packaging technologies.
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What are the top drivers to the rising demand in the retail coolers market?
The rising preference for alcoholic beverages is expected to propel the growth of the retail cooler market going forward. Alcoholic beverages are drinks that contain ethanol, commonly known as alcohol that are typically consumed for their psychoactive effects, which can range from mild relaxation and sociability to intoxication and impaired judgment. The rising combination of cultural acceptance, social traditions, and marketing efforts associate alcohol with relaxation, celebration, and socializing. Retail coolers increase the accessibility and convenience of alcoholic products, making them more readily available to consumers. Retail coolers are essential for maintaining the quality, appeal, and regulatory compliance of alcoholic beverages, ultimately contributing to increased sales and customer satisfaction. For instance, in April 2023, according to Beverage Daily, a UK-based association, the craft beer category was projected to have a retail dollar value of $28.46 billion in 2022, signifying a 6% increase in 2021 and a 24.6% market share. Therefore, the rising preference for alcoholic beverages drives the retail cooler market.
How is the retail coolers market segmented?
The retail coolers market covered in this report is segmented –
1) By Capacity: Below 10 Quarts, Between 11-25 Quarts, Between 26-50 Quarts, Above 50 Quarts
2) By Distribution Channel: Offline, Online
3) By Application: Camping And Outdoor Activities, Travel And Commuting, Medical Coolers
Subsegments:
1) By Below 10 Quarts: Small Personal Coolers, Mini Coolers, Compact Coolers
2) By Between 11-25 Quarts: Mid-Sized Coolers, Portable Coolers For Small Groups
3) By Between 26-50 Quarts: Medium-Sized Coolers, Coolers For Family Use Or Outdoor Activities
4) By Above 50 Quarts: Large Coolers, High-Capacity Coolers For Camping, Fishing, Or Extended Trips
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Who are the top competitors in the retail coolers market?
Major companies operating in the retail coolers market are Carrier Global Corporation, Stanley Black & Decker Inc., Newell Brands Inc., Dometic Group AB, Hussmann Corporation, Beverage-Air, YETI Holdings Inc., Epta Group, Rubbermaid Commercial Products, Hillphoenix, Imbera, The Coleman Company Inc., Pelican Products Inc., True Manufacturing Co. Inc., Delfield, AHT Cooling Systems, DeWalt, Master-Bilt, Kysor Warren, Zero Zone, NorLake Inc., Koolatron Corporation, Grizzly Coolers LLC, Turbo Air Inc., Plastilite Corporation, Huntington Solutions, Igloo Products Corp., Bison Coolers, Polar Bear Coolers
What significant trends should we anticipate in the retail coolers market over the forecast period?
Major companies operating in the retail cooler market are focusing on developing in-store video screens to enhance customer engagement, provide dynamic promotional content, and offer a more interactive shopping experience. This technology involves embedding digital displays within cooler doors, transforming traditional refrigeration units into dynamic, interactive advertising platforms that can engage customers directly at the point of sale. For instance, in January 2023, Cooler Screens, a US-based retail technology company, announced an expansion of its in-store video screen offerings. This enhancement allows retailers to display targeted advertisements, promotions, and product information directly on cooler doors, increasing customer engagement and potentially boosting sales. These screens offer features such as real-time content updates and the ability to track customer interactions, providing valuable data for improving marketing strategies.
Which regional trends are influencing the retail coolers market, and which area dominates the industry?
North America was the largest region in the retail coolers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail coolers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Retail Coolers Market Report 2025 Offer?
The retail coolers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Retail coolers are specialized refrigeration units designed for displaying and preserving perishable goods in retail environments, such as grocery stores and convenience stores. They typically feature transparent glass doors for visibility and ease of access, encouraging customer engagement. These coolers help maintain optimal temperatures for items like beverages, dairy products, and prepared foods, ensuring product quality and safety.
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