Wine Cooler Market is Likely to Growth By 2028 Covering Covid-19 Impact: Introspective Market Research

Market Overview:

The Wine Cooler Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.
A wine cooler is an electronic appliance that is used for lowering or cooling the temperature of the wine. A wine cooler is used for refrigeration, storage, and preservation of the wines inside the bottles. It provides the right temperature and humidity according to the requirements of the wines. Wine coolers are important for the storage of wines because they increase the shelf life of the wines. At room temperature, the quality of the wines gets affected which changes the taste and smell of the wine. Thus, the growing demand for wine coolers supports the growth of the market.

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Market Dynamics:

Driver:
The growing consumption of alcoholic and non-alcoholic wines by the millennials is the key factor that provides the growth for the wine cooler market. Owing to changing lifestyle of the people, rising awareness about the benefits of the consumption of wines. For instance, according to Researchers at the Israel Institute of Technology, the consumption of red wine improves the health of the cells lining the blood vessels which helps to improve blood flow and heart health and it reduces the risk of apoptosis. These benefits help to increase demand for the wines that fuel the market of the wine cooler.

Opportunities:
The adoption of advanced technologies and the launching of innovative technology for wine coolers provide a lucrative opportunity for the wine cooler market. For instance, Zephyr, a global beverage storage solution provider launched a Dual Zone Wine Cooler and a Preserve Single Zone Beverage Cooler in 2021. Additionally, Vinotemp Company also launched a new wine cooler with advanced features like a front exhaust, dual temperature zone cooling, and 300-bottle capacity. Thus, advanced technology such as internet-enabled touch screens and recipe guides, smudge-proof, and mobile apps to control coolers installed in the wine cooler that offer a huge opportunity for the wine cooler market during the forecast period.

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Market Segmentation
By Type, a Freestanding wine cooler is dominating the wine cooler market. Manufacturers are continuously introducing new products with wider dimensions in this category to provide a bigger storage area.

By Application, the Commercial segment is dominating the wine cooler market. This segment is expected to remain dominant throughout the forecast period. Increasing consumption of wine around the world is the major driving factor for the growth of the segment.

By Type
• Free-Standing
• Countertop
• Built-In

By Application
• Residential
• Commercial

Regional Analysis of Wine Cooler Market

North America is dominating the wine cooler market. In particular, the USA is leading the market in the region. The United States consumes the largest volume of wine of any country, at 33 million hectolitres in 2020. Consumers in the United States have a special appreciation for wine due to higher demand is generated as it is the most preferred alcoholic drink for numerous occasions such as dinners, parties, corporate events. California, which is the fourth-largest wine producer after France, Spain, and Italy, is a major player in the industry. Due to its favorable environment, Italy is the world's largest and most diverse beverage and wine-producing country. The importance of its preservation has prompted a variety of manufacturers to create a wide range of technologically advanced freezers and coolers with dynamic looks.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

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Players Covered in Wine Cooler market are:
• Allavino Company
• Avanti Products Inc
• Electrolux AB
• Danby Appliances Inc
• Marvel Refrigeration
• Viking Range Corporation
• Haier Group
• LG Electronics
• Vinotemp
• Perlick Corporation
• Robert Bosch LLC
• Whynter LLC

Key Developments of Wine Cooler Market
January 2020, The Rapidcool concept was developed by Enviro-Cool (UK) Limited, a British company that received a €903,000 EU grant to assist bring the idea to fruition. As a result, a breakthrough has been achieved in terms of energy production and rapid cooling times.
June 2020, LG launched Signature Wine Cellar with state-of-the-art quality, Multi-Temperature Control, UV-Resistant Glass, Optimal Humidity Control, InstaView, Textured Steel™ Finish, and Glass Touch Display.

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Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Wine Cooler Market by Type
 5.1 Wine Cooler Market Overview Snapshot and Growth Engine
 5.2 Wine Cooler Market Overview
 5.3 Free-Standing
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Free-Standing: Grographic Segmentation
 5.4 Countertop
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Countertop: Grographic Segmentation
 5.5 Built-In
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Built-In: Grographic Segmentation

Chapter 6: Wine Cooler Market by Application
To Be Continue…

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