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Emerging Trends to Reshape the Retail Coolers Market: In-Store Video Screens Revolutionize Retail Cooler Market With Enhanced Customer Engagement And Dynamic Advertising as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Retail Coolers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there's been a swift expansion in the retail coolers market size. It is projected to surge from $2.43 billion in 2024 to $2.7 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. The notable increase in the historical period can be associated with a heightened preference for alcoholic drinks, the rising number of hypermarkets, the
growing attractiveness of e-commerce, the increased use of smartphones, and the emerging trend of fishing.
Retail Coolers Market Size Forecast: What's the Projected Valuation by 2029?
The market size of retail coolers is projected to undergo swift growth in the forthcoming years, scaling up to $4.03 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 10.6%. This anticipated growth for the specified period can be ascribed to the surge in requirements for outdoor coolers, a rise in outdoor recreational activities, an increased need for energy-efficient coolers, and escalation in the number of convenience stores coupled with growing demand for frozen foods. Key trends that are projected to shape this period include advancements in technology, the creation of new biodegradable compostable packaging materials, the formulation of compact lightweight coolers, enhancement in manufacturing technologies, and the development of cold-chain packaging technologies.
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What Are the Drivers Transforming the Retail Coolers Market?
The growing inclination towards alcoholic beverages is set to drive the expansion of the retail cooler market. Alcoholic beverages, which are drinks containing ethanol or alcohol, are often consumed for their psychoactive effects that vary from minor relaxation and sociability to intoxication and compromised judgment. A mix of cultural endorsement, social customs, and promotional efforts often link alcohol to relaxation, celebration, and social engagement. Retail coolers enhance the ease of access and usability of alcoholic products, making them more promptly available to buyers. They play a vital role in the preservation of the quality, allure, and regulatory compliance of alcoholic beverages, which in turn result in heightened sales and customer satisfaction. For instance, the craft beer category was expected to reach a retail dollar value of $28.46 billion in 2022, as per an April 2023 report by UK-based Beverage Daily. This indicates a growth of 6% from 2021 and a 24.6% market share. Consequently, this growing affinity for alcoholic beverages propels the retail cooler market.
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What Long-Term Trends Will Define the Future of the Retail Coolers Market?
Key players in the retail cooler market are prioritizing the development of in-store video screens to boost customer involvement, deliver dynamic promotional content, and facilitate a more engaging shopping experience. This tech initiative includes integrating digital screens into cooler doors, thereby turning conventional refrigeration units into vibrant, interactive advertising mediums that can captivate customers right at the point of purchase. For example, in January 2023, a retail technology firm based in the US, Cooler Screens, revealed an expansion of its in-store video screen portfolio. This improvement enables retailers to showcase customised advertisements, special offers, and product details directly on cooler doors, which can enhance customer interaction and potentially increase sales. Furthermore, these screens encompass features like real-time content modifications and the capability to monitor customer engagement, offering crucial insights for enhancing marketing approaches.
Which Segments in the Retail Coolers Market Offer the Most Profit Potential?
The retail coolers market covered in this report is segmented -
1) By Capacity: Below 10 Quarts, Between 11-25 Quarts, Between 26-50 Quarts, Above 50 Quarts
2) By Distribution Channel: Offline, Online
3) By Application: Camping And Outdoor Activities, Travel And Commuting, Medical Coolers
Subsegments:
1) By Below 10 Quarts: Small Personal Coolers, Mini Coolers, Compact Coolers
2) By Between 11-25 Quarts: Mid-Sized Coolers, Portable Coolers For Small Groups
3) By Between 26-50 Quarts: Medium-Sized Coolers, Coolers For Family Use Or Outdoor Activities
4) By Above 50 Quarts: Large Coolers, High-Capacity Coolers For Camping, Fishing, Or Extended Trips
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Which Firms Dominate the Retail Coolers Market by Market Share and Revenue in 2025?
Major companies operating in the retail coolers market are Carrier Global Corporation, Stanley Black & Decker Inc., Newell Brands Inc., Dometic Group AB, Hussmann Corporation, Beverage-Air, YETI Holdings Inc., Epta Group, Rubbermaid Commercial Products, Hillphoenix, Imbera, The Coleman Company Inc., Pelican Products Inc., True Manufacturing Co. Inc., Delfield, AHT Cooling Systems, DeWalt, Master-Bilt, Kysor Warren, Zero Zone, NorLake Inc., Koolatron Corporation, Grizzly Coolers LLC, Turbo Air Inc., Plastilite Corporation, Huntington Solutions, Igloo Products Corp., Bison Coolers, Polar Bear Coolers
Which Regions Offer the Highest Growth Potential in the Retail Coolers Market?
North America was the largest region in the retail coolers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail coolers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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