Millennials' preference for alcohol, particularly beer, is expected to boost the regional industry. Additionally, the surge in millennial demand for carbonated beverages is anticipated to significantly impact market growth. Consumers' increasing interest in smart coolers is also well anticipated, prompting manufacturers to effectively introduce innovations and technologies to cater to their needs. These factors contribute to the global growth of the beverage cooler market. Moreover, rising temperatures and unpredictable weather reduce food and beverage spoilage, further driving global demand for beverage coolers.
According to Data Bridge Market Research, the Middle East and Africa Beverage Coolers Market is expected to reach the value of USD 1,29,028.82 thousand in 2022, will reach USD 2,04,105.37 thousand by 2030, growing at a CAGR of 5.9% during the forecast period of 2023 to 2030.
"Changing consumer lifestyles surge market demand"
Changing consumer lifestyles, characterized by a preference for convenience and mobility, have led to an increased demand for on-the-go beverages. Consumers who embrace a more modern lifestyle seek efficient and accessible cooling solutions for their favorite drinks. Beverage coolers cater to this need by providing a convenient way to store and access beverages at home, in workplaces, or on the move. The trend of on-the-go consumption and the desire for modern living drive the rising demand for beverage coolers.
What restraints the growth of the Middle East and Africa beverage coolers market?
"High initial costs can impede the market growth”
The high initial costs of beverage coolers, particularly advanced and energy-efficient models, can discourage some consumers and businesses from making a purchase. While these coolers offer long-term benefits such as energy savings and improved performance, the initial investment may strain budgets, especially for smaller businesses. However, it's essential to consider the potential return on investment through reduced energy consumption and enhanced product presentation. Manufacturers and policymakers could explore incentives, financing options, or leasing programs to make these cost-effective and sustainable coolers more accessible to a wider range of consumers and businesses.
Segmentation: Middle East and Africa Beverage Coolers Market
The Middle East and Africa 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, end user
- On the basis of product type, 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 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 beverage coolers market is segmented into indoor, outdoor.
- 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 shelving type, the beverage coolers market is segmented into adjustable, non- adjustable.
- 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 control, the beverage coolers market is segmented into digital control, electric control, touch and turn knob.
- 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 door, left side door, reversible door, right side door and side by side door and dual door.
- 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 online and offline.
- On the basis of application, the beverage coolers market is segmented into alcoholic and non-alcoholic
- On the basis of end-user, the beverage coolers market is segmented into residential, commercial, PBCL, hotels and restaurants, café, entertainment industry, corporate offices, bookstores, others.
Regional Insights: UAE dominates the Middle East and Africa Beverage Coolers Market
The U.A.E's dominant position in the market is expected to persist during the forecast period due to consumers' evolving tastes and preferences, emphasizing both alcoholic and non-alcoholic beverages. This trend drives the significance of beverage coolers in the Middle East and Africa market, as consumers seek convenient and effective cooling solutions for their favorite beverages. The region's growing demand for these coolers reflects the flourishing beverage industry and the increasing importance of refreshing drinks, making the U.A.E a key player in the market's continued growth.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/middle-east-and-africa-beverage-coolers-market
Recent Developments of Middle East and Africa Beverage Coolers Market
- In 2022, Arla Foods announced a 43 million USD investment to boost sales of its ready-to-drink products in the Middle East, Asia, and Europe regions..
- In 2022, The Hayatna line of dairy products for ready consumption was introduced in the United Arab Emirates by Emirates Food Industries subsidiary National Dairy. Long-life milk, fresh milk, fresh flavored milk, fresh laban, and fresh yogurt are a few of the products that are offered.
- In 2021, According to a Coca-Cola Company announcement, Honest Tea, a division of the company, has added Honest Yebra Mate RTD tea to its lineup of bottled beverages for the Saudi Arabian market.
The Prominent Key Players Operating in the Middle East and Africa 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 Middle East and Africa beverage coolers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Middle East and Africa 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.
