The beverage cooler anticipates the rising market demand for intelligent coolers. In order to effectively cater to and persuade consumers to buy them, producers are introducing innovations and technologies like performance optimization and smart coolers with sensors. These elements are accelerating the beverage cooler market's expansion on a global level. Additionally reducing food and beverage spoilage are the rising temperatures and unpredictability of the weather. Another factor fueling the demand for beverage coolers globally is an increase in beverage consumption. Through the demand for large sizes bottles on various occasions, 101-200 bottles predominate.
According to Data Bridge Market Research, the Canada Beverage Coolers Market is expected to reach the value of USD 104.03 million by 2030, which was USD 82.12 million in 2022, registering a CAGR of 3.00% during the forecast period of 2023 to 2030.
" Growing demand for beverages surge market demand"
The market for beverage coolers initially grew as people drank more beverages. More people drink at home than in bars and other public places as a result of the expansion of beverage options and rising consumer concern over their health. The growing interest in healthy diets for achieving and maintaining weight loss has created a sizable market opportunity for packaged fruit and vegetable juice. There is a rising need for beverages that are Halal certified because a portion of the local population favors processed food that only contains ethically sourced ingredients. As a result, beverage coolers are also becoming more and more necessary.
What restraints the growth of the Canada Beverage Coolers Market?
" Regulations from abroad can impede the market growth”
A number of international protocols mandate that manufacturers of commercial refrigeration systems adhere to the standards set forth by HCFC. The Environmental Protocol Agency has put the Clean Air Act into practice to phase out class-I chlorofluorocarbons gradually. Local and regional manufacturers in the SFA may find it challenging to launch their businesses at an early stage as a result of the implementation of these regulations due to the high cost of technology design, development, and manufacture. As a result, it is expected that these factors will restrain the market expansion for SEA beverage coolers.
Segmentation: Canada Beverage Coolers Market
The Canada beverage coolers market is segmented on the basis of capacity, type, temperature zones, size, cooler height, number of shelves, shelves material, finish, door swing, control type, distribution channel, application, and end users.
- On the basis of capacity, the beverage coolers market is segmented into less than 200l, 200-500l, 500-1000l, and more than 1000l
- On the basis of type, the beverage coolers market is segmented into freestanding, built-in and undercounter, countertop, dual zone, thermoelectric and others
- On the basis of temperature zones, the beverage coolers market is segmented into single, dual, triple, and multi (4 or more zones).
- On the basis of size, the 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 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 number of shelves, the 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 beverage coolers market is segmented into metal, tempered glass, wood, and others
- On the basis of finish, the beverage coolers market is segmented into blacks, glass, panel ready, silver tones, Stainless Steel , and wood finishes
- On the basis of door swing, the beverage coolers market is segmented into french, left sid, reversible, right side, and side by side
- On the basis of control type, the beverage coolers market is segmented into digital, electronic, touch and turn knob
- On the basis of distribution channel, the beverage coolers market is segmented into specialty stores, supermarkets/hypermarkets, e-commerce, and others
- On the basis of application, the beverage coolers market is segmented into alcoholic and non-alcoholic
- On the basis of end-users, the beverage coolers market is segmented into residential, commercial, bars, hotels and restaurants, lounges, corporate offices, movie theatres, bookstores, and others.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/canada-beverage-coolers-market
Recent Development of Canada Beverage Coolers Market Include
- In 2021, The "Dual Zone Wine Cooler" and the "Preserve Single Zone Beverage Cooler" have been introduced to the American market by Zephyr, a multinational manufacturer of beverage storage solutions. It is ideal for preserving wine and other alcoholic beverages because it was made using brand-new, cutting-edge technology. The company anticipates benefiting from this new launch by expanding its product line.
The Prominent Key Players Operating in the Canada Beverage Coolers Market Include:
- AB Electrolux (Sweden)
- VIKING RANGE, LLC (U.S.)
- Haier lnc. (China)
- Perlick Corporation (U.S.)
- Danby (Canada)
- Climadiff (France)
- FRIGOGLASS (Greece)
- Liebherr-International Deutschland GmbH (U.S.)
- mvpappliances (U.S.)
- Miele & Cie. KG (Germany)
- Shenzhen SICAO Electric Appliances Co., Ltd (SICAO) (China)
- LG Electronics (South Korea)
- Siemens (Germany)
- DATRON HANDELSGES M.B.H. (Austria)
- NewAir (U.S.)
- Vestfrost Solutions (Denmark)
- Avanti Products (Brand of The Legacy Companies) (U.S.)
- U-Line (U.S.)
- WHYNTER LLC (U.S.)
- Vinotemp (U.S.)
- Summit Appliance Division (U.S.)
- Felix Storch, Inc (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Canada beverage coolers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Canada Beverage Coolers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
