Canada Beverage Coolers Market – Industry Trends and Forecast to 2030

Canada Beverage Coolers Market, By Capacity (Less than 200L, 200-500L, 500-1000L and More than 1000L), Type (Freestanding, Built-in and Undercounter, Countertop, Dual Zone, Thermoelectric and Others), Temperature Zones (Single, Dual, Triple and Multi (4 Or More Zones)), Size (6 - 50 Bottle, 51 - 100 Bottle, 101 - 200 Bottle and More than 201 bottle), Cooler Height (28 to 32 Inch, 33 to 36 Inch, 38 to 56 Inch, Above 56 Inch), Number of Shelves (1 - 2 Shelves, 3 - 4 Shelves, 5 - 6 Shelves, 7 - 9 Shelves, 9 - 12 Shelves and More Than 13 Shelves), Shelves Material (Metal, Tempered Glass, Wood and Others), Finish (Blacks, Glass, Panel Ready, Silver Tones, Stainless Steel and Wood Finishes), Door Swing (French, Left Sid, Reversible, Right Side and Side by Side), Control Type (Digital, Electronic, Touch and Turn Knob), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, E-Commerce and Others), Application (Alcoholic and Non-Alcoholic), End-User (Residential, Commercial, Bars, Hotels and Restaurants, Lounges, Corporate Offices, Movie Theatres, Bookstores and Others) – Industry Trends and Forecast to 2030.

 Canada Beverage Coolers Market Analysis and Size

Nowadays, the lifestyle of people has changed, which has significantly impacted people's drinking and eating habits. It has led to the sales of chilled drinks such as juices, soda, soft drinks, and alcoholic drinks. The increasing sales of chilled drinks positively influence the demand for beverage coolers.  Furthermore, many individuals prefer to drink at restaurants and other food establishments because of their hectic lifestyles, where they order beverages, resulting in the increasing demand for beverage coolers from restaurants.

Data Bridge Market Research analyses that the beverage coolers market is expected to reach USD 104.03 million by 2030, which was USD 82.12 million in 2022, registering a CAGR of 3.00% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.     

Canada Beverage Coolers Market Scope and Segmentation

Market Definition

A beverage cooler, is comparatively smaller than a normal refrigerator. As a result of its smaller size, the beverage cooler usages less energy, which can also save the electrical bill. It is generally designed for holding bottles and cans. Beverage coolers are more stylized, often comprising glass doors to display drinks and stainless steel details. Unlike regular refrigerators, most beverage coolers have modifiable chrome glass shelves or metal shelves with holes for improved cold air circulation.

Canada Beverage Coolers Market Dynamics

Drivers

• Rising demand for beverage coolers with 200-500L capacity

The demand for 200-500L capacity beverage coolers is increasing because of the growing need for energy-efficient and large-capacity coolers in the beverage industry. The growth and expansion of the food and beverage industry and increasing processing and distribution facilities in the beverage sector are expected to propel the development of 200-500L beverage coolers. Thus, the rising demand for beverage coolers with 200-500L capacity eventually increases the market's growth.

• G𝗿𝗼𝘄𝗶𝗻𝗴 𝗽𝗼𝗽𝘂𝗹𝗮𝗿𝗶𝘁𝘆 𝗼𝗳 𝘄𝗶𝗻𝗲 𝗲𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗹𝘆 𝗮𝗺𝗼𝗻𝗴 𝘆𝗼𝘂𝗻𝗴 𝗽𝗲𝗼𝗽𝗹𝗲

The growing popularity of wine, particularly among young people in Canada, is likely to drive the expansion of the beverage coolers industry. Because of its fizz, sparkling wine is in high demand. This will increase demand for beverage coolers such as wine coolers. Furthermore, rising consumer awareness of the benefits of wine in lowering cholesterol and strengthening the heart is expected to drive demand for wine coolers and boost the market's expansion.

Opportunities

• Increasing product launches by major market players

The growing product launches by major market players will likely provide numerous growth opportunities. For instance, U-Line introduced U-Chill in 2019. This cooling cylinder maintains the temperature of cool beverages such as champagne, carafes, bottled water, wine, craft beer, spirits, and juice. It will aid the company in increasing its product portfolio and business in the market.

• Growing number of food and drink outlets

The increasing number of drink outlets has positively impacted the growth of the beverage cooler market. These beverage outlets are increasing the demand for cooling equipment, such as beverage coolers for storing beverages. Cooling equipment helps store beverages for a longer period and serves beverages meant to be consumed coolly, such as beer. Such demands are expected to generate lucrative opportunities for the growth of the beverage cooler market during the forecast period.

Restraints/ Challenges

• High cost associated with beverage cooler

The high cost of beverage coolers is anticipated to hamper the market's growth from 2023 to 2030. The major reasons for the high cost of the beverage cooler are the specialized temperature control technology, UV-blocking glass, and humidity control units which slightly influence the growth of the beverage coolers market.

This beverage coolers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the beverage coolers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2021, Zephyr, a global manufacturer of beverage storage solutions, launched the "Dual Zone Wine Cooler" and the "Preserve Single Zone Beverage Cooler" in the U.S. market. Because it was created using brand-new, cutting-edge technology, it is perfect for preserving wine and other alcoholic beverages. The corporation is expected to gain from this new launch by growing its product lineup.

Canada Beverage Coolers Market Scope

The beverage coolers market is segmented on the basis of capacity, type, temperature zones, size, cooler height, number of shelves, shelves material, finish, door swing, control type, distribution channel, application, and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Capacity

• Less than 200L
• 200-500L
• 500-1000L
• More Than 1000L

 Type

• Freestanding
• Built-in and Undercounter
• Countertop
• Dual Zone
• Thermoelectric
• Others

 Temperature Zones

• Single
• Dual
• Triple
• Multi (4 or More Zones)

Size

• 6 - 50 Bottle
• 51 - 100 Bottle
• 101 - 200 Bottle
• More than 201 bottle

Cooler Height

• 28 to 32 Inch
• 33 to 36 Inch
• 38 to 56 Inch
• Above 56 Inch

 Number of Shelves

• 1 - 2 Shelves
• 3 - 4 Shelves
• 5 - 6 Shelves
• 7 - 9 Shelves
• 9 - 12 Shelves
• More Than 13 Shelves

Shelves Material

• Metal
• Tempered Glass
• Wood
• Others

Finish

• Blacks
• Glass
• Panel Ready
• Silver Tones
• Stainless Steel
• Wood Finishes

 Door Swing

• French
• Left Sid
• Reversible
• Right Side
• Side by Side

Control Type

• Digital

• Electronic
• Touch
• Turn Knob

Distribution Channel

• Specialty Stores
• Supermarkets/Hypermarkets
• E-Commerce
• Others

 Application

• Alcoholic
• Non-Alcoholic

End-User

• Residential
• Commercial
• Bars
• Hotels and Restaurants
• Lounges
• Corporate Offices
• Movie Theatres
• Bookstores
• Others

Competitive Landscape and Beverage Coolers Market Share Analysis

The beverage coolers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to beverage coolers market.

Some of the major players operating in the beverage coolers market are:

• AB Electrolux (publ) (Sweden)
• VIKING RANGE, LLC (U.S.)
• Haier lnc. (China)
• Perlick Corporation (U.S.)
• Danby (Canada)
• Climadiff (France)
• Frigoglass (Greece)
• Liebherr-International Deutschland GmbH  (Germany)
• LG Electronics (South Korea)
• Panasonic Corporation (Japan)
• SAMSUNG (South Korea)
• Whirlpool Corporation (Japan)
• Honeywell International Inc., (U.S.)
• Blue Star Limited (India)
• Voltas Inc, (U.S.)
• Atlantis Products Pvt. Ltd. (India)
• Mistral Solutions Pvt. Ltd., (India)
• Midea Group (China)
• Alfred Kärcher SE & Co. K.G. (Germany)
• De' Longhi Appliances S.r.l. (Italy)
• Olimpia Splendid S.p.A. (Italy)
• FUJITSU GENERAL (Japan)
• Vista France (France)
• GREE ELECTRIC APPLIANCES, INC. (China)