According to a recent market study published by Growth Market Reports, titled, “Grocery & Beverage Cooler Market by Type, by Capacity, by Modality, by Application, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 6,843.8 Million in 2022 and is expected to expand at a growth rate of 5.6% by 2031.

Grocery and beverage coolers are refrigeration units that are specifically designed to store and cool perishable food items, beverages, and related food products that are available in grocery stores, convenience stores, supermarkets, and others. A commercial cooler is a self-contained unit that uses a vapor-compression refrigeration system and is designed for food and beverage storage, in order to keep products at a consistent temperature to maintain their quality.

Get Sample Report @ https://growthmarketreports.com/request-sample/5823

The grocery & beverage cooler market has been fragmented based on type, capacity, modality, and application. By type, the global grocery & beverage cooler market is bifurcated into grocery coolers and beverage coolers. By capacity, the market is categorized into Less than 200L, 200-500L, 500-1000L, and More Than 1000L. Based on Modality, the market is segmented into Freestanding, Built-in and Undercounter, Countertop, and Others. By application, the market is fragmented as supermarkets, convenience stores, and others. Considering regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. However, the pandemic had a significant impact on the global grocery & beverage cooler market. Demand declined drastically, due to the closure of malls, restaurants, hotels, and catering services in most countries. The decrease in demand consequently led to a decrease in production and a fall in prices.

As per Growth Market Reports industry analyst, Divyanka Sankhe, “The investment scenario in the supermarkets, and technological advancements are expected to contribute to the growth of the global Grocery & Beverage Cooler market. Increasing investments from key market players and a rising focus on product innovations are expected to trigger the demand for grocery & beverage coolers in the coming years. Demand for grocery & beverage coolers is projected to grow in the coming years, due to the rising number of populations, and to store perishable goods.

A supply chain is a network between manufacturers and suppliers to produce and distribute a specific product to the final buyers. This network includes different people, regulatory bodies, entities, information, and resources. Entities in the supply chain include raw material suppliers, manufacturers, logistics, warehouses, pharmacies, finance, distributors, and customers. Supply chain management is an essential part of any business. If the supply chain of the grocery & beverage cooler is hampered, the perishable goods such as meat products, fruits & vegetables, and milk products cannot be stored for a longer duration of time.

Key Takeaways from the Study:

  • Players in the global Grocery & Beverage Cooler market include LG Electronics, Liebherr Group, Haier Inc, Carrier, Hussmann Corporation, The Middleby Corporation, AHT Cooling Systems GmbH, Miele & Cie. KG., Ugur Cooling, Electrolux, Perlick Corporation held a major market share of the Grocery & Beverage Cooler market in 2022.

  • Increasing Demand for Perishable Food and Beverages and Stringent Food Safety Regulations, drives the Grocery & Beverage Cooler market.

  • In terms of type, the global grocery & beverage cooler market is categorized as grocery coolers and beverage coolers. The grocery cooler segment is projected to expand at a significant CAGR during the forecast period, due to urbanization and the reliability of high protein content.

  • In terms of regions, the global grocery & beverage cooler market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is projected to account for a significant share of the grocery & beverage cooler market during the forecast period, the high adoption rate of grocery & beverage coolers, and technological advancements in the region. The market in Europe is anticipated to expand due to rising trends of frozen food that are preserved in the grocery & beverage coolers.

Report Scope:

Report Metric

Details

Market Value in 2022

US$ 6,843.8 Million

Market Growth Rate (from 2022 to 2031)

5.6%

Historical Data

2016 & 2022

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By type, By Modality, By Capacity, By Application, and by region

Key Companies Profiled

LG Electronics, Liebherr Group, Haier Inc, Carrier, Hussmann Corporation, The Middleby Corporation, AHT Cooling Systems GmbH, Miele & Cie. KG., Ugur Cooling, Electrolux, Perlick Corporation

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet research requirements

 

Target Audience:

  • Supply-side: Manufacturers and distributors

  • Demand Side: Supermarkets, Convenience stores

  • Regulatory Side: Concerned government authorities and other approved regulatory bodies

  • Associations and Industry Bodies: International Energy Agency, Government regulations for perishable food (FDA)