Global Retail Coolers Market Opportunities 2024, Forecast To 2033

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.