What Has Been the Growth of the Retail Coolers Market So Far?
The retail coolers market has seen considerable growth due to a variety of factors.
• The retail coolers market has seen significant growth in recent years. It will rise from $2.43 billion in 2024 to $2.7 billion in 2025, at a compound annual growth rate (CAGR) of 10.8%.
The market’s growth is attributed to the increasing preference for alcoholic beverages, the growing number of hypermarkets, the rising popularity of e-commerce, and the increasing trend of fishing.
What Is the Forecasted Market Size and Growth Rate for The Retail Coolers Market Size In The Coming Years?
The retail coolers market is expected to maintain its strong growth trajectory in upcoming years.
• The retail coolers market is expected to grow to $4.03 billion by 2029 at a CAGR of 10.6%.
This growth is driven by increasing demand for outdoor coolers, a rise in outdoor recreational activities, the demand for energy-efficient coolers, the increase in convenience stores, and the need for frozen foods. Trends include technological advancements, biodegradable packaging development, lightweight cooler designs, improved manufacturing technologies, and cold-chain packaging innovations.
What Factors Are Driving Growth In The Retail Coolers Market?
An uptick in the consumption of alcoholic beverages is anticipated to fuel the expansion of the retail cooler market. Alcoholic beverages, characteristically ingested for their mind-altering effects like mild relaxation and imprudent judgment, include drinks laced with ethanol, commonly known as alcohol. The surging amalgamation of societal norms, cultural embrace, and marketing strategies links alcohol to unwind, revel, and socialize. Retail coolers enhance the accessibility and handiness of alcoholic products, ensuring they are easily ready for buyers. These coolers are crucial for preserving the quality, attractiveness, and legal adherence of alcoholic beverages, ultimately leading to higher sales and client contentment. For instance, Beverage Daily, a UK-based association, reported in April 2023 that the craft beer segment was expected to achieve a retail dollar worth of $28.46 billion in 2022, indicating a 6% rise compared to 2021 and capturing a 24.6% market portion. Therefore, the escalating preference for alcoholic beverages is propelling the retail cooler market's growth.
What Are The Main Segments Of 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
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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How Are New Trends Impacting The Size Of The Retail Coolers Market?
Key players in the retail cooler market are placing their bets on the advancement of in-store video screens to magnify customer engagement, circulate dynamic promotional content, and facilitate a more engaging shopping journey. This approach integrates digital displays into the cooler doors, morphing conventional refrigerating systems into lively, interactive ad platforms that can connect with customers immediately at the point of purchase. For example, Cooler Screens, a renowned retail technology firm in the US, revealed a growth in its in-store video screen services in January 2023. This progression permits retailers to exhibit targeted ads, deals, and product details right on the cooler doors, heightening customer engagement and potentially elevating sales. These screens are equipped with features such as live content updates and customer interaction tracking, providing essential data for refining marketing strategies.
Who Are the Key Players 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 Is The Most Dominant Region In The Retail Coolers Market?
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.
