The U.S. and Canada Beverage Coolers Market is witnessing significant growth due to several factors. The rising demand for cold beverages, including soft drinks, energy drinks, and bottled water, is driving the need for efficient cooling solutions to maintain freshness and quality. Additionally, the increasing popularity of outdoor events, convenience stores, restaurants, and food service establishments further boosts market expansion. Technological advancements, such as energy-efficient heat pumps and thermally insulated compartments, enhance the performance and sustainability of beverage coolers.
According to Data Bridge Market Research, the U.S. and Canada Beverage Coolers Market valued at USD 314.35 million in 2022, will reach USD 407.58 million by 2030, growing at a CAGR of 3.3% during the forecast period of 2023 to 2030.
“Increasing demand for ready-to-drink beverages drives the market”
The increasing demand for ready-to-drink beverages acts as a key driver for the beverage cooler market in the U.S. and Canada. With the rising popularity of beverages like soft drinks, energy drinks, and alcoholic beverages in these regions, there is a growing need for efficient storage and cooling solutions. Beverage coolers cater to this demand by providing convenient and reliable temperature control, ensuring that these beverages are served chilled and ready to consume. As consumers prioritize convenience and instant refreshment, the demand for beverage coolers continues to rise in the U.S. and Canada markets.
What restraints the growth of the U.S. and Canada beverage coolers market?
“International regulations can pose as a restraint”
International regulations can pose as a restraint to the U.S. and Canada Beverage Coolers Market. As different countries may have varying regulations and standards regarding energy efficiency, refrigerants, and environmental impact, manufacturers face challenges in ensuring compliance across international markets. Adhering to these regulations requires additional resources for testing, certifications, and modifications to meet specific country requirements. These complexities can increase production costs and potentially limit market expansion, especially for companies looking to operate in multiple regions. Harmonizing international regulations or implementing streamlined compliance processes could alleviate these restraints and facilitate market growth.
Segmentation: U.S. and Canada Beverage Coolers Market
The U.S. and Canada beverage coolers market is segmented on the basis of product type, type, category, temperature zone, shelving type, size, cooler height, No. of shelves, shelves material, control, finish, door swing, control type, application, distribution channel, and end-user.
- On the basis of product type, the U.S. and Canada beverage coolers market is segmented into less than 200l, 200-500l, 500-1000l, and more than 1000l.
- On the basis of type, the U.S. and Canada beverage coolers market is segmented into freestanding, built-in and under counter, countertop, dual zone, thermoelectric, and others.
- On the basis of temperature zones, the U.S. and Canada 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 U.S. and Canada beverage coolers market is segmented into indoor, and outdoor.
- On the basis of size, the U.S. and Canada 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 U.S. and Canada 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 U.S. and Canada beverage coolers market is segmented into adjustable, and non- adjustable.
- On the basis of number of shelves, the U.S. and Canada 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 U.S. and Canada beverage coolers market is segmented into metal, tempered glass, wood, and others.
- On the basis of control, the U.S. and Canada beverage coolers market is segmented into digital control, electric control, touch, and turn knob.
- On the basis of finish, the U.S. and Canada beverage coolers market is segmented into blacks, glass, panel ready, silver tones, stainless steel, and wood finishes.
- On the basis of door swing, the U.S. and Canada beverage coolers market is segmented into French door, left side door, reversible door, right side door and side by side door, dual door
- On the basis of control type, the U.S. and Canada beverage coolers market is segmented into digital, electronic, touch, and turn knob.
- On the basis of distribution channel, the U.S. and Canada beverage coolers market is segmented into online and offline.
- On the basis of application, the U.S. and Canada beverage coolers market is segmented into alcoholic and non-alcoholic.
- On the basis of end-user, the U.S. and Canada beverage coolers market is segmented into residential, commercial, PBCL, hotels and restaurants, café, entertainment industry, corporate offices, bookstores, and others.
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Recent Developments in U.S. and Canada Beverage Coolers Market
- In 2022, Arla Foods invested $43 million to boost sales of its ready-to-drink products in the Middle East, Asia, and Europe regions. This strategic investment aims to expand market presence and meet the growing demand for convenient dairy beverages in these regions.
- In 2022, National Dairy, a subsidiary of Emirates Food Industries in the United Arab Emirates, introduced the Hayatna line of ready-to-consume dairy products. The product range includes long-life milk, fresh milk, flavored milk, laban, and yogurt, catering to the diverse preferences of consumers in the region.
- In 2021, The Coca-Cola Company's division, Honest Tea, expanded its bottled beverage offerings in the Saudi Arabian market. They introduced Honest Yebra Mate RTD tea, capitalizing on the growing popularity of ready-to-drink tea beverages and meeting consumer demand for refreshing and natural beverage options.
The Prominent Key Players Operating in the U.S. and Canada Beverage Coolers Market Include:
- Electrolux (Sweden)
- VIKING RANGE, LLC (U.S.)
- Haier lnc. (China)
- Perlick Corporation (U.S.)
- Danby (Canada)
- Climadiff (France)
- FRIGOGLASS S.A.I.C. (Greece)
- Liebherr-International Deutschland GmbH (Switzerland)
- MVP Appliances (U.S.)
- Miele Appliances Ltd.(Germany)
- Shenzhen SICAO Electric Appliances Co., Ltd (China)
- LG Electronics (South Korea)
- Siemens (Germany)
- DATRON HANDELSGES M.B.H. (Austria)
- NewAir (U.S.)
- Vestfrost Solutions (Denmark)
- AvantiProducts (U.S.)
- U-Line (U.S.)
- WHYNTER LLC (U.S.)
- Vinotemp (US)
- Summit Appliance(U.S.)
- Felix Storch, Inc (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of U.S. and Canada beverage coolers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: U.S. and 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.
