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Household Refrigerator And Home Freezer Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Household Refrigerator And Home Freezer Market
As per the report, the household refrigerator and home freezer market size has grown strongly in recent years. It will grow from $59.18 billion in 2023 to $62.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The household refrigerator and home freezer market size is expected to see strong growth in the next few years. It will grow to $78.46 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
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Rising Consumption Of Processed Foods And Shifting Dietary Habits Fuel Growth In The Household Refrigerator And Freezer Market
The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as change in the dietary habits of consumers is driving the household refrigerator and freezer market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the growth of the household refrigerators and home freezers market.
Manufacturers Enhance Household Refrigerators And Home Freezers With IOT And Embedded Sensor Technologies For Improved Functionality
Household refrigerators and home freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators and adjust and monitor the temperature as per requirement.
The household refrigerator and home freezer market covered in this report is segmented -
1) By Type: Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations
2) By Refrigerator Door Type: Single Door, Double Door, Side by Side Door, French Door
3) By Freezer Location: Freezer on top, Freezer on bottom, Freezer less
4) By Application: Frozen Vegetable and Fruit, Frozen Meat, Other Applications
5) By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Online, Other Distribution Channels
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Major companies operating in the household refrigerator and home freezer market include LG Electronics, Haier, Samsung, Panasonic Corporation, Godrej, Electrolux, Whirlpool, Robert Bosch, Liebherr-International AG, Dover Corporation, Midea Group, Hitachi Ltd., Sharp Corporation, Toshiba Corporation, Siemens AG, General Electric, Frigidaire, Maytag, Kenmore, Amana, KitchenAid, Jenn-Air, Viking Range, Sub-Zero, Thermador, True Residential, Fisher & Paykel, Dacor, Gaggenau, Smeg, Blomberg, Hisense, Arcelik, Vestel, Gorenje
Contents of the report:
1. Executive Summary
2. Household Refrigerator And Home Freezer Market Report Structure
3. Household Refrigerator And Home Freezer Market Trends And Strategies
4. Household Refrigerator And Home Freezer Market - Macro Economic Scenario
5. Household Refrigerator And Home Freezer Market Size And Growth
…..
27. Household Refrigerator And Home Freezer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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