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The retail coolers market has grown rapidly, with its size expanding from $2.20 billion in 2023 to $2.43 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.6%. This growth is driven by a rising preference for alcoholic beverages, an increase in hypermarkets, the growing popularity of e-commerce, the use of smartphones, and a trend toward fishing. The market is expected to see continued rapid growth, reaching $3.65 billion by 2028 at a CAGR of 10.7%. This future growth is supported by rising demand for outdoor coolers, increased outdoor recreational activities, a greater need for energy-efficient coolers, more convenience stores, and a growing demand for frozen foods. Major trends in the forecast period include advancements in technology, the development of new biodegradable compostable packaging materials, lightweight compact coolers, improvements in manufacturing technologies, and the advancement of cold-chain packaging technologies.

The rising preference for alcoholic beverages is expected to propel the growth of the retail cooler market. Alcoholic beverages, consumed for their psychoactive effects, are increasingly popular due to cultural acceptance, social traditions, and marketing efforts. Retail coolers enhance the accessibility and convenience of these beverages. For instance, Beverage Daily projected in April 2023 that the craft beer category would have a retail dollar value of $28.46 billion in 2022, reflecting a 6% increase from 2021. Therefore, the rising preference for alcoholic beverages is driving the retail cooler market.

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What Are The Key Trends That Influence Retail Coolers Market Share Analysis?

Major companies operating in the retail cooler market are focusing on developing in-store video screens to enhance customer engagement, provide dynamic promotional content, and offer a more interactive shopping experience. This technology involves embedding digital displays within cooler doors, transforming traditional refrigeration units into dynamic, interactive advertising platforms that can engage customers directly at the point of sale. For instance, in January 2023, Cooler Screens, a US-based retail technology company, announced an expansion of its in-store video screen offerings. This enhancement allows retailers to display targeted advertisements, promotions, and product information directly on cooler doors, increasing customer engagement and potentially boosting sales. These screens offer features such as real-time content updates and the ability to track customer interactions, providing valuable data for improving marketing strategies.

Which Market Players Are Driving Growth In The Retail Coolers Market?

Major companies operating in the retail coolers market are Carrier Global Corporation, Stanley Black & Decker Inc., Newell Brands Inc., Dometic Group AB, Hussmann Corporation, Beverage-Air, YETI Holdings Inc., Epta Group, Rubbermaid Commercial Products, Hillphoenix, Imbera, The Coleman Company Inc., Pelican Products Inc., True Manufacturing Co. Inc., Delfield, AHT Cooling Systems, DeWalt, Master-Bilt, Kysor Warren, Zero Zone, NorLake Inc., Koolatron Corporation, Grizzly Coolers LLC, Turbo Air Inc., Plastilite Corporation, Huntington Solutions, Igloo Products Corp., Bison Coolers, Polar Bear Coolers

How Is The Global Retail Coolers Market Segmented?

1) By Capacity: Below 10 Quarts; Between 11-25 Quarts; Between 26-50 Quarts; Above 50 Quarts
2) By Distribution Channel: Offline; Online
3) By Application: Camping And Outdoor Activities; Travel And Commuting; Medical Coolers

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The Retail Coolers Global Market Report 2024 provides an overview of the retail coolersmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The retail coolers market forecast analyzes retail coolers market size, retail coolers market share, leading competitor and their market positions.

The Table Of Content For The Retail Coolers Market Include

1. Retail Coolers Market Executive Summary
2. Retail Coolers Market Segments
3. Retail Coolers Market Size And Template Market Growth Rate
4.  Key Retail Coolers Market Trends
5. Major Retail Coolers Market Drivers
……
25. Key Mergers And Acquisitions In The Retail Coolers Market
26. Top Retail Coolers Companies
27. Retail Coolers Market Opportunities And Strategies
28. Retail Coolers Market, Conclusions And Recommendations
29. Appendix

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