Keeping the Beverages Cool, Anytime, Anywhere: Unleash the Refreshing Power of U.S. and Canada beverage coolers in the U.S. and Canada

The market demand for smart coolers is increasing, and the beverage cooler anticipates this trend. Manufacturers are introducing innovations and technologies like performance optimization and smart coolers with sensors in order to effectively cater to and persuade consumers to buy them. These factors are boosting the growth of the beverage cooler market on a global scale. The rising temperature and unpredictability of the weather also reduce food and beverage spoilage. Increased beverage consumption around the world is another factor driving the demand for U.S. & Canada beverage coolers. 101-200 bottles predominates due to the demand for large sizes bottles on various occasions.

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Data Bridge Market Research analyses that the U.S. and Canada Beverage Coolers Market is 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.The market for U.S. & Canada beverage coolers initially grew as people drank more beverages. More people drink at home than in bars and other public places due to the expansion of beverage options and rising consumer concern over their health. There is an increasing demand for beverages with Halal certification because a portion of the population in the area prefers processed food that only contains ethically sourced ingredients, hence with the growing demand for drink the demand for U.S. & Canada beverage coolers increases.

Key Findings of the Study

Rising demand for beverage storage solutions is expected to drive the market's growth rate

The rising demand for beverage storage solutions is driven by the evolving lifestyles of consumers, who prioritize convenience and mobility. U.S. & Canada beverage coolers provide efficient and portable options for keeping beverages cool and easily accessible, whether at home, during outdoor activities, or while traveling. These coolers offer convenience by maintaining the desired temperature of beverages and ensuring they are readily available for consumption, catering to the on-the-go needs of consumers in today's fast-paced world.

Report Scope and Market Segmentation

Segment Analysis:

The U.S. & 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. & Canada beverage coolers market is segmented less than 200l, 200-500l, 500-1000l and more than 1000l. 200-500L segment is expected to dominate the product type segment of the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 2.4% in the forecast period of 2023-2030 due to their larger storage capacity, ideal for commercial applications, restaurants, and hospitality industry where larger quantities of perishable items need to be stored at the appropriate temperature.

In 2023, the 200-500L segment is expected to dominate the product type segment of the U.S. & Canada U.S. & Canada beverage coolers market

In 2023, the 200-500L segment is expected to dominate the product type segment of the U.S. and Canada U.S. & Canada beverage coolers market owing to its versatile size and capacity, making it suitable for various applications in both residential and commercial settings with a CAGR of 2.4% in the forecast period of 2023-2030.

• On the basis of type, the U.S. & Canada beverage coolers market is segmented freestanding, built-in and undercounter, countertop, dual zone, thermoelectric and others. Built-in and under counter segment is expected to dominate the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 3.6% in the forecast period of 2023 to 2030 due to their space-saving design and seamless integration into kitchen or bar areas, providing a sleek and stylish solution for storing beverages while maximizing available space.
• On the basis of temperature zones, the U.S. & Canada beverage coolers market is segmented single zone U.S. & Canada beverage coolers, dual zone U.S. & Canada beverage coolers, triple zone U.S. & Canada beverage coolers and multi zone (4 or more zones) U.S. & Canada beverage coolers. The dual zone U.S. & Canada beverage coolers segment is expected to dominate the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 3.3% in the forecast period of 2023-2030 due to their ability to independently control and maintain different temperature zones, allowing users to store a variety of beverages at their optimal temperatures.
• On the basis of category, the U.S. & Canada beverage coolers market is segmented indoor, outdoor. The indoor segment dominates the U.S. & Canada beverage coolers market due to its wider range of applications and higher demand from residential and commercial settings, including homes, offices, restaurants, and bars.
• On the basis of size, the U.S. & Canada beverage coolers market is segmented 6 - 50 bottle, 51 - 100 bottle, 101 - 200 bottle and more than 201 bottle. 101 - 200 bottle segment is expected to dominate the bottle size of the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 2.5% in the forecast period of 2023-2030 due to its versatility and suitability for both residential and commercial use, accommodating a wide range of beverage storage needs while maintaining a compact size.

In 2023, 101 - 200 bottle segment is expected to dominate the bottle size of the U.S. and Canada U.S. & Canada beverage coolers market

In 2023, 101 - 200 bottle segment is expected to dominate the bottle size of the U.S. & Canada beverage coolers market owing to their adaptability and ability to satisfy the demands of collectors and wine enthusiasts. In comparison to larger models, they are more affordable and offer more compact storage space with a CAGR of 2.5% in the forecast period of 2023-2030

• On the basis of cooler height, the U.S. & Canada beverage coolers market is segmented 28 to 32 inch, 33 to 36 inch, 38 to 56 inch, above 56 inch. 28 to 32 inch segment is expected to dominate the U.S. & Canada beverage coolers market with a CAGR of 3.4% in the forecast period of 2023-2030 due to their compact and space-efficient design, making them suitable for various settings, including under-counter installations, small kitchens, and limited space areas while still providing ample storage capacity.
• On the basis of shelving type, the U.S. & Canada beverage coolers market is segmented adjustable, non- adjustable. Adjustable segment is expected to dominate the U.S. & Canada beverage coolers market in the forecast period of 2023-2030.
• On the basis of number of shelves, the U.S. & Canada beverage coolers market is segmented 1 - 2 shelves, 3 - 4 shelves, 5 - 6 shelves, 7 - 9 shelves, 9 - 12 shelves and more than 13 shelves. 5 - 6 shelves segment is expected to dominate the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 3.2% in the forecast period of 2023-2030 due to their efficient organization and storage capacity, allowing for easy categorization and access to a wide range of beverages. This design provides flexibility and convenience for both residential and commercial users.
• On the basis of shelves material, the U.S. & Canada beverage coolers market is segmented metal, tempered glass, wood and others. Tempered glass segment is expected to dominate the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 3.3% in the forecast period of 2023-2030 due to its durability, safety, and aesthetic appeal. Tempered glass provides enhanced strength, resistance to thermal stress, and a sleek, transparent display for showcasing beverages in an attractive and secure manner.
• On the basis of control, the U.S. & Canada beverage coolers market is segmented digital control, electric control, touch and turn knob. The digital control segment dominates the market due to its precise and user-friendly interface, offering convenient temperature adjustments and advanced features. It provides accurate temperature control and customization options, making it a preferred choice for consumers seeking modern and intuitive control functionalities.
• On the basis of finish, the U.S. & Canada beverage coolers market is segmented blacks, glass, panel ready, silver tones, stainless steel, and wood finishes. The stainless steel segment dominates the market due to its sleek and modern aesthetic, durability, and ease of cleaning. Stainless steel complements various kitchen styles, offers a premium look, and is known for its resistance to corrosion and fingerprints, making it a popular choice among consumers with a CAGR of 3.2% in the forecast period of 2023 to 2030.
• On the basis of door swing, the U.S. & Canada beverage coolers market is segmented French door, left side door, reversible door, right side door and side by side door, dual door. Reversible door segment is expected to dominate the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 3.6% in the forecast period of 2023-2030 due to their versatility and convenience. The ability to reverse the door swing allows for flexible installation options, accommodating different space configurations and user preferences, making them suitable for various settings and layouts.
• On the basis of control type, the U.S. & Canada beverage coolers market is segmented digital, electronic, touch and turn knob. Electronic segment is expected to dominate the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 3.5% in the forecast period of 2023-2030 due to its precision, accuracy, and advanced features. Electronic control systems offer precise temperature regulation, intuitive user interfaces, programmable settings, and smart functionalities, providing enhanced convenience and control for consumers.
• On the basis of distribution channel, the U.S. & Canada beverage coolers market is segmented online and offline. The Offline distribution channels dominate due to their established presence and widespread accessibility. Physical retail stores and distribution networks offer face-to-face customer interactions, immediate product availability, and the ability to experience products before purchasing in the forecast period of 2023 to 2030.
• On the basis of application, the U.S. & Canada beverage coolers market is segmented alcoholic and non-alcoholic. The alcoholic segment is expected to dominate the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 3.2% in the forecast period of 2023-2030 due to high demand for storing and chilling various types of alcoholic beverages, including beer, wine, spirits, and cocktails. U.S. & Canada beverage coolers provide optimal temperature settings for preserving the quality and taste of alcoholic beverages, making them a popular choice for both residential and commercial settings.
• On the basis of end-user, the U.S. & Canada beverage coolers market is segmented residential, commercial, pbcl, hotels and restaurants, café, entertainment industry, corporate offices, bookstores, others. Residential segment is expected to dominate the U.S. and Canada U.S. & Canada beverage coolers market with a CAGR of 3.1% in the forecast period of 2023-2030 due to the widespread adoption of U.S. & Canada beverage coolers in homes. Residential consumers seek convenient and stylish solutions for storing and accessing their favorite beverages, driving the demand for U.S. & Canada beverage coolers in residential settings.

Major Players

Data Bridge Market Research recognizes the following companies as the major U.S. & Canada beverage coolers market players in U.S. & Canada beverage coolers market are 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.)

Market Development

• In 2022, In order to increase sales of its ready-to-drink products in the Middle East, Asia, and Europe regions, Arla Foods announced a 43 million USD investment.
• In 2022, In the United Arab Emirates, Emirates Food Industries' subsidiary National Dairy introduced the Hayatna line of dairy products for ready consumption. Some of the products available include long-life milk, fresh milk, fresh flavored milk, fresh laban, and fresh yogurt.
• In 2021, The Coca-Cola Company announced that Honest Tea, a company division, has expanded its line of bottled beverages by introducing Honest Yebra Mate RTD tea in the Saudi Arabian market.

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