Modern Beverage Coolers Blend Energy Efficiency with Market Trends, Making a $2 Billion Splash

Modern beverage coolers, emphasizing energy efficiency, contribute to environmental sustainability by consuming less energy while ensuring effective cooling. This dual benefit aligns with the growing global focus on eco-friendly practices. As reflected in the substantial $2 billion valuation of the global beverage cooler market in 2020, the industry's expansion is driven by the rising demand for convenient and refreshing beverage options. With the increasing popularity of outdoor activities and the continuous growth of the food service sector, beverage coolers are becoming indispensable, not only meeting consumer needs for chilled drinks but also aligning with market trends that prioritize energy efficiency and sustainability.

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Data Bridge Market Research analyses that the Middle East and Africa Beverage Coolers Market, valued at USD 1,29,028.82 thousand in 2022, will reach USD 2,04,105.37 thousand by 2030, growing at a CAGR of 5.9% during the forecast period of 2023 to 2030. The growing tourism industry in Middle East and Africa regions serves as a key driver for the beverage cooler market. The demand for beverage coolers is particularly pronounced in hotels, resorts, and recreational facilities, where the provision of refreshing beverages is integral to hospitality services, driving the need for efficient and reliable cooling solutions in these establishments.

Key Findings of the Study

Increasing government initiatives and regulations helps to focus on green technology and sustainability is expected to drive the market's growth rate

In the Middle East and Africa beverage coolers market, a prominent driver is the increasing focus on green technology and sustainability, driven by government initiatives and regulations. As governments in the region tighten environmental standards and align with global regulations, there is a growing emphasis on eco-friendly practices, including the use of environmentally sustainable refrigerants. The Environmental Protection Agency's (EPA) mandate for eco-friendly refrigerant substitutes further amplifies this trend. The demand for beverage coolers is consequently on the rise as companies strive to comply with these regulations, ensuring their products meet the required environmental standards.

Report Scope and Market Segmentation

Segment Analysis:

The Middle East and Africa beverage coolers market is segmented on the basis of product type, type, category, temperature zone, shelving type, size, cooler height, number of shelves, shelves material, control, finish, door swing, control type, application, distribution channel, and end user. 

• On the basis of product type, the Middle East and Africa beverage coolers market is segmented into less than 200l, 200-500l, 500-1000l and more than 1000l
• On the basis of  type, the Middle East and Africa beverage coolers market is segmented into freestanding, built-in and undercounter, countertop, dual zone, thermoelectric and others
• On the basis of temperature zone, the Middle East and Africa beverage coolers market is segmented into single zone beverage coolers, dual zone beverage coolers, triple zone beverage coolers and multi zone (4 or more zones) beverage coolers
• On the basis of category, the Middle East and Africa beverage coolers market is segmented into indoor, and outdoor
• On the basis of size, the Middle East and Africa beverage coolers market is segmented into 6 - 50 bottle, 51 - 100 bottle, 101 - 200 bottle and more than 201 bottle
• On the basis of cooler height, the Middle East and Africa beverage coolers market is segmented into 28 to 32 inch, 33 to 36 inch, 38 to 56 inch, and above 56 inch
• On the basis of shelving type, the Middle East and Africa beverage coolers market is segmented into adjustable, and non- adjustable
• On the basis of number of shelves, the Middle East and Africa beverage coolers market is segmented into 1 - 2 shelves, 3 - 4 shelves, 5 - 6 shelves, 7 - 9 shelves, 9 - 12 shelves and more than 13 shelves
• On the basis of shelves material, the Middle East and Africa beverage coolers market is segmented into metal, tempered glass, wood and others
• On the basis of control, the Middle East and Africa beverage coolers market is segmented into digital control, electric control, touch and turn knob
• On the basis of finish, the Middle East and Africa beverage coolers market is segmented into blacks, glass, panel ready, silver tones, stainless steel and wood finishes
• On the basis of door swing, the Middle East and Africa beverage coolers market is segmented into french door, left side door, reversible door, right side door and side by side door, and dual door
• On the basis of control type, the Middle East and Africa beverage coolers market is segmented into digital, electronic, touch and turn knob
• On the basis of distribution channel, the Middle East and Africa beverage coolers market is segmented into online and offline
• On the basis of application, the Middle East and Africa beverage coolers market is segmented into alcoholic and non-alcoholic
• On the basis of end-user, the Middle East and Africa beverage coolers market is segmented into residential, commercial, PBCL, hotels and restaurants, café, entertainment industry, corporate offices, bookstores, and others

Major Players

Data Bridge Market Research recognizes the following companies as the major Middle East and Africa beverage coolers market players in Middle East and Africa beverage coolers market are Electrolux (Sweden), VIKING RANGE, LLC (U.S.), Haier lnc. (China), Perlick Corporation (U.S.), Danby (Canada), Climadiff (France), FRIGOGLASS S.A.I.C. (Greece)

Market Developments

• In 2022, Arla Foods embarked on a strategic initiative to bolster the sales of its ready-to-drink products across key regions, including the Middle East, Asia, and Europe. The dairy giant announced a substantial investment of 43 million USD, signaling a commitment to expanding its market presence and catering to the growing demand for convenient and on-the-go dairy solutions. This significant financial infusion aimed to enhance production capacities, improve distribution networks, and introduce innovative offerings to capture the diverse preferences of consumers in these regions
• In 2022 in U.A.E., Emirates Food Industries, through its subsidiary National Dairy, made a notable entry into the market with the introduction of the Hayatna line of dairy products designed for immediate consumption. This comprehensive product line included long-life milk, fresh milk, flavored milk, laban, and yogurt, catering to the diverse tastes of consumers seeking convenient and high-quality dairy options. The launch reflected the company's responsiveness to consumer trends and a strategic approach to meet the evolving needs of the UAE market
• In 2021, The Coca-Cola Company demonstrated its commitment to diversifying its beverage portfolio in the Middle East with a targeted expansion strategy. Through its division, Honest Tea, the company introduced Honest Yebra Mate RTD tea into the Saudi Arabian market. This move showcased Coca-Cola's recognition of the growing demand for healthy and natural beverage options, aligning with Honest Tea's reputation for offering organic and ethically sourced products. The introduction of Honest Yebra Mate was not only a testament to the company's adaptability but also a response to the evolving preferences of consumers in the Saudi Arabian market for refreshing and health-conscious beverages

Regional Analysis

Geographically, the countries covered in the Middle East and Africa beverage coolers market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

As per Data Bridge Market Research analysis:

U.A.E. is the dominant region in Middle East and Africa beverage coolers market during the forecast period 2023-2030

The U.A.E. dominates the Middle East and Africa beverage market, largely fueled by shifting consumer preferences towards both alcoholic and non-alcoholic beverages. This changing landscape has heightened the significance of beverages in the region, subsequently increasing the demand for beverage coolers. The U.A. E’s strategic market position and its ability to cater to evolving consumer tastes have contributed to its current dominance, and this trend is anticipated to continue during the forecast period. As consumers in the region continue to seek diverse and high-quality beverage options, the demand for beverage coolers is expected to flourish, solidifying the U.A. E’s stronghold in the market.

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