Retail Coolers Market Size Worth $2.3 Billion By 2028 | CAGR: 7.2%: Grand View Research, Inc.

Read 83 page market research report, "Retail Coolers Market Size, Share & Trends Analysis Report By Capacity (Below 10 Quarts, Between 11 To 25 quarts, Between 26 to 50 Quarts, Above 50 Quarts), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research Read 83 page market research report, " Retail Coolers Market Size, Share & Trends Analysis Report By Capacity (Below 10 Quarts, Between 11 To 25 quarts, Between 26 to 50 Quarts, Above...

Read 83 page market research report, "Retail Coolers Market Size, Share & Trends Analysis Report By Capacity (Below 10 Quarts, Between 11 To 25 quarts, Between 26 to 50 Quarts, Above 50 Quarts), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research

Rising demand for packaged food and beverages, along with the rapid expansion of the hospitality sector, has led to substantial market growth. The ongoing expansion of consumer goods retail chains across the globe is also likely to drive the market further. A cooler or an icebox presents a great advantage all year round.

In addition, better technologies used for manufacturing lightweight chillers that can retain ice for a longer duration will contribute to market growth over the coming years. It offers the comfort of storage space, particularly while traveling for picnics, long drives, fishing trips, camping, and boating, among many others.

In terms of value, coolers with a capacity of above 50 quarts segment dominated the market, which is expected to account for the largest market share over the forecast period. These large-capacity retail coolers are perfect for long road trips, days spent at campsites, and for sporting events. Additionally, the product is often equipped with heavy-duty wheels to roll the cooler through tough terrain with the rigged wheels while it's fully loaded.

North America held the largest share in the year 2020, on account of the inclination of people in America towards outdoor recreational activities, short trips, and picnics. According to the prevailing trends, consumers in the U.S. and Canada prefer to travel short distances with hassle-free planning and retail coolers are a convenient option for them.

The COVID-19 outbreak has adversely impacted the demand for retail coolers quite significantly across the globe, especially from the hospitality sector. The closure of non-essential businesses has been one of the major changes to have taken place over the past few months, with the food-service industry being adversely affected.

Grand View Research has segmented the global retail coolers market on the basis of capacity, distribution channel, and region:

List of Key Players of Retail Coolers Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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