Market Overview:
The global beverage coolers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for alcoholic and non-alcoholic beverages, increasing disposable income, and growing urbanization. In terms of type, the global beverage coolers market is segmented into non-alcoholic beverage coolers and alcoholic beverage coolers. Non-alcoholic beverage coolers are further sub-segmented into soft drinks cooler, juice cooler, water cooler, and others (tea/coffee/milk). Alcoholic Beverage Cooler are further sub-segmented into beer cooler, wine cooler and spirits (whiskey)cooler. In terms of application, the global Beverage Cooler Market is segmented into residential applications and commercial applications. Commercial applications are further sub-segmented into food service establishments such as restaurants & hotels; retail outlets such as supermarkets & hypermarkets; convenience stores; liquor stores; online retailing etc. Geographically speaking North America dominates the Global Beverage Cooler Market followed by Europe due to high disposable income levels in these regions coupled with rising demand for chilled beverages among consumers . Asia Pacific region is projected to witness highest growth rate over the forecast period owing to increase in population along with rising disposable incomes in countries such as China , India etc .
Product Definition:
A beverage cooler is a small appliance used to cool beverages. Beverage coolers are typically placed on kitchen counters or in living rooms, and can be used to store beer, wine, or other drinks. They are often equipped with shelves or racks that allow users to store bottles and cans upright. Some models also include a built-in ice maker that can produce ice cubes for chilling beverages.
Non-Alcoholic Beverage Coolers:
Non-alcoholic beverage coolers are used to store non-alcoholic products such as water, juices, soft drinks and energy drinks. The demand for these coolers is expected to witness growth over the forecast period owing to increasing health awareness among consumers and changing lifestyles. Moreover, rising disposable income coupled with urbanization has led people to spend more on convenience goods which in turn is expected to drive the market growth over the next seven years.
Alcoholic Beverage Coolers:
Alcoholic beverage coolers are used to store and keep the temperature of alcoholic beverages at desired levels. These products have gained popularity among consumers due to their ability to maintain the quality of drinks for a longer period. The product is available in various sizes, shapes, and can be customized as per consumer requirements.
Application Insights:
The commercial application segment dominated the global beverage coolers market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in the number of bars and pubs at a global level. Furthermore, expansion of retail chains such as Carrefour and Walmart into countries such as India is expected to drive demand over the forecast period.
In addition, factors such as easy availability of alcoholic beverages across all major markets including U.S., Canada, China and Russia is anticipated to boost industry growth over the forecast period particularly during Christmas season when alcohol consumption increases significantly across all age groups globally including Europe & North America region where legal drinking age varies from 18 years old to 25 years old depending upon country or state laws regarding driving automobiles or operating heavy machinery respectively.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to the high demand from residential as well as commercial applications. The U.S., being one of the most important markets, has a large number of manufacturers and suppliers catering to different segments such as domestic, commercial and industrial applications. Europe is also expected to be a key market due to growing demand for energy-efficient products along with changing consumer preferences towards healthy beverages among other factors.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing its increasing population coupled with rising disposable income levels especially in China.
Growth Factors:
- Increasing demand for premium and customized beverage coolers
- Rising disposable income of consumers
- Proliferation of retail outlets
- Growing popularity of outdoor activities and events
- Technological advancements in beverage cooler manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Beverage Coolers Market Research Report
By Type
Non-Alcoholic Beverage Coolers, Alcoholic Beverage Coolers
By Application
Residential, Commercial
By Companies
Danby, Electrolux, Haier, LG Electronics, Whirlpool, Danby
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Beverage Coolers Market Report Segments:
The global Beverage Coolers market is segmented on the basis of:
Types
Non-Alcoholic Beverage Coolers, Alcoholic Beverage Coolers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danby
- Electrolux
- Haier
- LG Electronics
- Whirlpool
- Danby
Highlights of The Beverage Coolers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-Alcoholic Beverage Coolers
- Alcoholic Beverage Coolers
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Beverage Coolers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A beverage cooler is a device used to keep cold drinks cold and ice cream or other frozen food items frozen.
Some of the key players operating in the beverage coolers market are Danby, Electrolux, Haier, LG Electronics, Whirlpool, Danby.
The beverage coolers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Beverage Coolers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Beverage Coolers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Beverage Coolers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Beverage Coolers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Beverage Coolers Market Size & Forecast, 2018-2028
4.5.1 Beverage Coolers Market Size and Y-o-Y Growth
4.5.2 Beverage Coolers Market Absolute $ Opportunity
Chapter 5 Global Beverage Coolers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Beverage Coolers Market Size Forecast by Type
5.2.1 Non-Alcoholic Beverage Coolers
5.2.2 Alcoholic Beverage Coolers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Beverage Coolers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Beverage Coolers Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Beverage Coolers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Beverage Coolers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Beverage Coolers Analysis and Forecast
9.1 Introduction
9.2 North America Beverage Coolers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Beverage Coolers Market Size Forecast by Type
9.6.1 Non-Alcoholic Beverage Coolers
9.6.2 Alcoholic Beverage Coolers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Beverage Coolers Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Beverage Coolers Analysis and Forecast
10.1 Introduction
10.2 Europe Beverage Coolers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Beverage Coolers Market Size Forecast by Type
10.6.1 Non-Alcoholic Beverage Coolers
10.6.2 Alcoholic Beverage Coolers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Beverage Coolers Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Beverage Coolers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Beverage Coolers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Beverage Coolers Market Size Forecast by Type
11.6.1 Non-Alcoholic Beverage Coolers
11.6.2 Alcoholic Beverage Coolers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Beverage Coolers Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Beverage Coolers Analysis and Forecast
12.1 Introduction
12.2 Latin America Beverage Coolers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Beverage Coolers Market Size Forecast by Type
12.6.1 Non-Alcoholic Beverage Coolers
12.6.2 Alcoholic Beverage Coolers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Beverage Coolers Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Beverage Coolers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Beverage Coolers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Beverage Coolers Market Size Forecast by Type
13.6.1 Non-Alcoholic Beverage Coolers
13.6.2 Alcoholic Beverage Coolers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Beverage Coolers Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Beverage Coolers Market: Competitive Dashboard
14.2 Global Beverage Coolers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danby
14.3.2 Electrolux
14.3.3 Haier
14.3.4 LG Electronics
14.3.5 Whirlpool
14.3.6 Danby
