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Middle East and Africa Beverage Coolers Market – Industry Trends and Forecast to 2030

FMCG

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Middle East and Africa Beverage Coolers Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Apr 2023
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East and Africa Beverage Coolers Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 129,028.82 Million
Diagram Market Size (Forecast Year) USD 204,105.37 Million
Diagram CAGR %

Major Markets Players

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Middle East and Africa Beverage Coolers Market, By Product Type (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 Zone Beverage Coolers, Dual Zone Beverage Coolers, Triple Zone Beverage Coolers and Multi Zone (4 Or More Zones) Beverage Coolers), Category (Indoor, Outdoor), 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), Shelving Type (Adjustable, Non- Adjustable),  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),  Control (Digital Control, Electric Control, Touch and Turn Knob), Finish (Blacks, Glass, Panel Ready, Silver Tones, Stainless Steel and Wood Finishes),  Door Swing (French Door, Left Side Door, Reversible Door, Right Side Door and Side by Side Door, Dual Door),  Control Type (Digital, Electronic, Touch and Turn Knob), Distribution Channel (Online and Offline),  Application (Alcoholic and Non-Alcoholic) and  End-User (Residential, Commercial, PBCL, Hotels and Restaurants, Café, Entertainment industry, Corporate Offices, Bookstores, Others) – Industry Trends and Forecast to 2030.

Middle East and Africa Beverage Coolers Market

Middle East and Africa Beverage Coolers Market Analysis and Size

Millennials prefer beer and other types of alcohol, which is expected to help the regional industry. Furthermore, it is anticipated that the surge in millennial demand for carbonated beverages will have a significant impact on market growth during the projection period. Although consumers have a growing demand for smart coolers, the beverage cooler foresees this demand. Manufacturers are introducing innovations and technologies such as performance optimization and smart coolers with sensors to cater to and persuade consumers to buy them effectively. These factors are boosting the growth of beverage cooler market on a global scale. The rising temperature and unpredictability of the weather also reduce food and beverage spoilage. The demand for beverage coolers is also driven globally by increased beverage consumption.

Data Bridge Market Research analyses that the beverage coolers market, valued at 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. 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 behavior.

Middle East and Africa Beverage Coolers Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Product Type (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 Zone Beverage Coolers, Dual Zone Beverage Coolers, Triple Zone Beverage Coolers and Multi Zone (4 Or More Zones) Beverage Coolers), Category (Indoor, Outdoor), 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), Shelving Type (Adjustable, Non- Adjustable),  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), Control (Digital Control, Electric Control, Touch and Turn Knob),   Finish (Blacks, Glass, Panel Ready, Silver Tones, Stainless Steel and Wood Finishes),  Door Swing (French Door, Left Side Door, Reversible Door, Right Side Door and Side by Side Door, Dual Door), Control Type (Digital, Electronic, Touch and Turn Knob), Distribution Channel (Online and Offline), Application (Alcoholic and Non-Alcoholic) and  End-User (Residential, Commercial, PBCL, Hotels and Restaurants, Café, Entertainment industry, Corporate Offices, Bookstores, Others)

Countries Covered

Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

Electrolux (Sweden), VIKING RANGE, LLC (U.S.), Haier lnc. (China), Perlick Corporation (U.S.), Danby (Canada), Climadiff (France), FRIGOGLASS S.A.I.C. (Greece), 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.), WHYNTER LLC (U.S.), Vinotemp (US), Summit Appliance(U.S.), Felix Storch, Inc (U.S.)

Market Opportunities

  • Expanding market through the rising demand for ready-to-drink beverages
  • The tourism sector's anticipated rapid expansion is expected to fuel the market's expansion for sea freezers and beverage coolers

Market Definition

Devices or pieces of equipment used to keep food and beverages cold are called food and beverage coolers. Drink coolers are used to slow the rate of deterioration. The operation of beverage coolers depends on a thermally insulated compartment and heat pumps. The heat pumps reduced the interior temperature below the ambient temperature by transferring heat from the internal environment to the exterior environment.

Middle East and Africa Beverage Coolers Market Dynamics

Drivers

  • An increase in beverage demand creates a surge in market growth

Drinking more beverages led to initial growth in the market for beverage coolers. The increased availability of refreshment drink options and growing consumer concern over their health means more people drink at home than in bars and other public places. Additionally, there is a vast market opportunity for packed fruit and vegetable juice due to growing interest in healthy diets for achieving and maintaining weight loss. A portion of the population in the region prefers processed food that only contains ingredients that are obtained ethically, so there is a growing demand for beverages that have received Halal certification, hence with growing demand for a drink the demand for beverage coolers increases.

  • Increasing preference for practical and healthy drinking habits

Since consumers in the area favor drinking healthy beverages with organic certification, there is a high demand for organic RTD drinks with plant-based protein. As they contain nutrients, plant-based ready-to-drink beverages such as yogurt drinks made with oat and soy milk have a steady market. The growing appeal of clean-label RTD beverages has spread to a broader demographic, including people from various generations and lifestyles looking for quick, wholesome food that fits into their daily schedules. By releasing fresh products in the clean-label and organic categories, significant brands are also catching on to the trend. For instance, the Dairy Company Koita, which is based in the United Arab Emirates, announced the introduction of a new organic almond and coconut RTD in the country in January 2021. A further factor expected to increase demand for plant-based and low-calorie ready-to-drink beverages is the rising prevalence of lifestyle diseases among young consumers, including diabetes, obesity, and cardiovascular diseases. Additionally, drinks that have yogurt or are ready to drink can’t be kept out for long, especially in summer, as it can taste bad. Thus, the demand for beverage coolers increases

  • Government initiatives to promote green technology are increasing

By ensuring adherence to these standards, tighter government regulations and the EPA's mandate for eco-friendly refrigerant substitutes increase the demand for products from companies. Global environmental regulations governing refrigerator manufacturing processes and raw materials will promote the expansion of the beverage cooler market. This is brought on by consumers' rising demand for environmentally friendly products, which creates a surge for sustainable beverage coolers, which are also sustainable.

Opportunities

  • Expanding market through the rising demand for ready-to-drink beverages

Through accessibility, affordability, and convenience, ready-to-drink beverages are becoming increasingly popular in the area. This improves the performance of ready-to-drink beverages in terms of sales. Healthy drinking has become increasingly important in the food and beverage industry. It is anticipated that ready-to-drink energy drinks with less sugar and natural ingredients will gain popularity and continue attracting more customers interested in health and fitness. Important regional brands also experiment with product lines to cater to consumers' shifting tastes and flavor preferences. For instance, Pepsico introduced its Rockstar RTD energy drink in the UAE market in December 2021. It contains a formula that includes vitamin B, ginseng, and taurine, thus, it helps in creating market growth in the beverage cooler market.

  • The tourism sector's anticipated rapid expansion is expected to fuel the market's expansion for sea freezers and beverage coolers

In SEA, the tourism sector has increased. The shopping experience has consequently been improved. Traditional grocery stores, small independent shops, wet markets, and food stalls are being replaced by modern retail segments such as supermarkets, discount retailers, cash and carry, duty-free shops, e-commerce, warehouse clubs, and bakeries. With the growing tourism, the demand for beverage coolers has increased as the number of people traveling there increases.

Restraints/Challenges

  • International regulations is expected to act as a restraint

Several international protocols require manufacturers of commercial refrigeration systems to abide by the guidelines established by HCFC. The Environmental Protocol Agency has implemented the Clean Air Act to phase out class-I chlorofluorocarbon further. Given the high cost of technology design, development, and manufacture, local and regional manufacturers throughout the SFA may find it difficult to launch their businesses at an early stage due to the implementation of these regulations. As a result, these factors are anticipated to slow the growth of the SEA freezer and beverage cooler market.

  • High switching costs will likely hamper the market

Many beverage coolers and freezers manufacturers support using energy-efficient products to reduce carbon emissions and the effects of electricity on the environment. However, most of the switching cost is replacing outdated commercial refrigeration equipment with newer, more energy-efficient models. Therefore, the market is constrained by these factors.

This Middle East and Africa 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 Middle East and Africa 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 Developments

  • In 2022, 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 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.

Middle East and Africa Beverage Coolers Market Scope

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. 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.

Product Type

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

Type

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

Category

  • Indoor
  • Outdoor

Temperature Zones

  • Single Zone Beverage Coolers
  • Dual Zone Beverage Coolers
  • Triple Zone Beverage Coolers
  • Multi Zone (4 Or More Zones) Beverage Coolers

Shelving type

  • Adjustable
  • Non-adjustable

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

Control

  • Digital Control
  • Electric Control
  • Touch and Turn Knob

Finish

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

Door Swing

  • French Door
  • Left Side Door
  • Reversible Door
  • Right Side Door
  • Side by Side Door
  • Dual Door

Control Type

  • Digital
  • Electronic
  • Touch
  • Turn Knob

Distribution Channel

  • Online
  • E-Commerce
  • Company Owned Websites
  • Offline
  • Specialty Stores
  • Supermarkets/Hypermarkets
  • Independent Retailers
  • Retail Stores

Application

  • Alcoholic
  • Non-Alcoholic

End-User

  • Residential
  • Commercial
  • PBCL
  • Pubs
  • BARS
  • Clubs
  • Lounges
  • Hotels and Restaurants
  • Café
  • Entertainment industry
  • Movie Theatres
  • Corporate Offices
  • Bookstores
  • Others

Middle East and Africa Beverage Coolers Market Regional Analysis/Insights

The Middle East and Africa beverage coolers market is analysed and market size insights and trends are provided by country, 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 as referenced above.

The countries covered in the Middle East and Africa beverage coolers market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

U.A.E dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are the consumers' changing tastes and preferences, which increase the importance of alcoholic and non-alcoholic beverages in the market. This boosts the demand of beverage coolers in the Middle East and Africa market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Middle East and Africa Beverage Coolers Market Share Analysis

The Middle East and Africa 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 Middle East and Africa beverage coolers market are:

  • Electrolux (Sweden)
  •  VIKING RANGE, LLC (U.S.)
  • Haier lnc. (China)
  • Perlick Corporation (U.S.)
  • Danby (Canada)
  • Climadiff (France)
  • FRIGOGLASS S.A.I.C. (Greece)
  • 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.)
  • WHYNTER LLC (U.S.)
  • Vinotemp (US)
  • Summit Appliance(U.S.)
  • Felix Storch, Inc (U.S.)


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The Middle East and Africa Beverage Coolers Market is projected to grow at a CAGR of 5.9% during the forecast period by 2030.
The future market value of the Middle East and Africa Beverage Coolers Market is expected to reach USD 2,04,105.37 thousand by 2030.
The major players in the Middle East and Africa Beverage Coolers Market are Electrolux (Sweden), VIKING RANGE, LLC (U.S.), Haier lnc. (China), Perlick Corporation (U.S.), Danby (Canada), Climadiff (France), FRIGOGLASS S.A.I.C. (Greece), Liebherr-International Deutschland GmbH (Switzerland), etc.
The countries covered in the Middle East and Africa Beverage Coolers Market are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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