Contact Us

Global Retail Coolers Market Size Forecast 2024 - 2033

12 Dec, 2024

What Is The Scope Of The Global Market?

Retail coolers refer to refrigeration units and cooling systems specifically designed for use in retail environments. These coolers are essential for preserving and displaying perishable goods, ensuring that products such as food, beverages, and flowers remain fresh and appealing to customers.

Retail Coolers Global Market Report 2024 provides data on the global retail coolers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The retail coolers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.

What Are The Estimated Market Size And Expected Annual Growth Rates For Global Retail Coolers ?

The retail coolers market has seen rapid growth in recent years. It is expected to increase from $2.20 billion in 2023 to $2.43 billion in 2024 at a CAGR of 10.6%. The growth is driven by the rising preference for alcoholic beverages, the growing number of hypermarkets, the increasing popularity of e-commerce, the greater use of smartphones, and the rising trend of fishing. The market is expected to continue growing, reaching $3.65 billion by 2028 at a CAGR of 10.7%. The growth can be attributed to the rising demand for outdoor coolers, the growing popularity of outdoor recreational activities, the need for energy-efficient coolers, the rise in convenience stores, and increased demand for frozen foods. Key trends include technological advancements, the development of biodegradable compostable packaging materials, lightweight compact coolers, improved manufacturing technologies, and cold-chain packaging innovations.

What Are The Leading Drivers Of Growth In The Retail Coolers Market?

The growing preference for alcoholic beverages is expected to spur the retail cooler market. Alcoholic beverages, associated with relaxation and celebration, have gained popularity due to cultural acceptance, marketing efforts, and social traditions. Retail coolers play a critical role in storing and displaying these beverages, ensuring quality and compliance. For example, Beverage Daily reported in April 2023 that the craft beer market was valued at $28.46 billion in 2022, a 6% increase from 2021. This rising preference for alcoholic drinks is fueling the demand for retail coolers.

Get Your Free Sample of the Global Retail Coolers Market Report

How Are The Segments Defined Within The Global Retail Coolers Market?

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

How Are New Trends Expected To Influence The Growth Of The Retail Coolers Market?

Companies in the retail cooler market are advancing technologies like in-store video screens to enhance customer engagement, deliver dynamic promotional content, and create a more interactive shopping experience. These digital displays, embedded in cooler doors, transform traditional refrigeration units into interactive advertising platforms. For example, Cooler Screens, a US-based retail technology company, expanded its in-store video screen offerings in January 2023. This innovation allows retailers to display targeted advertisements, promotions, and product information directly on cooler doors, thereby increasing customer interaction and potentially boosting sales. The screens also provide features like real-time content updates and data tracking to refine marketing strategies.

Which Region Drives The Highest Growth In The Retail Coolers Market?

North America was the largest region in the retail coolers market in 2023. 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.