LAMEA Retail Coolers Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Offline and Online), By Capacity, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Retail Coolers Market would witness market growth of 10.1% CAGR during the forecast period (2021-2027).
Thermoelectric coolers may normally decrease the temperature by around 22 degrees Celsius, below ambient, or raise it by 22 degrees Celsius. This is a consequence of the efficacy of the boxes' thermal insulation. Digital thermostat controls are available on certain higher-end systems. However, these coolers consume a lot of electricity and can completely deplete the battery of a non-running vehicle. Most electric coolers incorporate an Undervoltage shutdown that operates at approximately 10 or 10.5 volts in order to prevent this. Some models additionally have a crossover-connection device that allows the current to be reversed for heating service.
The interior, as well as external shells are typically built with plastic, with firm foam sandwiched in between. These coolers are available in a variety of sizes, ranging from compact to massive. Disposable ones are composed entirely of polystyrene foam, around 2 cm or one inch thick, like a disposable coffee cup. The majority of reusable bags feature built-in handles, while a handful includes shoulder straps.
The climate of the Middle East is extremely hot. In addition, in summer, the temperature across the Middle East reaches 40 degrees Celsius sometimes. The climate of the Middle East is recorded as hot and dry. Due to the increased level of temperature, there is an immense risk of the contamination of food and drinks if left at the regular temperature. Moreover, there are various edibles that are supposed to be stored at cold temperatures. Further, the humidity across the region is also increased. Exposure of edibles to extreme humid climate produces moisture over edibles, due to which, there is more tendency of the items to get spoiled or contaminated.
Hence, due to this, the utilization of retail coolers would expedite across this region. Moreover, there is a large number of small-sized grocery stores in South Africa.
The Brazil market dominated the LAMEA Retail Coolers Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $45.2 million by 2027. The Argentina market is estimated to witness a CAGR of 10.7% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 9.9% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Capacity, the market is segmented into Above 50 quarts, Between 26 to 50 quarts, Between 11 to 25 quarts, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Retail Coolers Market is Predict to reach $1.9 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Polar Bear Coolers, ORCA (Outdoor Recreation Company of America), LLC, Plastilite Corporation, Bison Coolers, Grizzly Coolers, LLC, Huntington Solutions, LLC, ICEE Containers Pty Ltd., Yeti holdings, Inc., and Newell Brands, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Above 50 quarts
- Between 26 to 50 quarts
- Between 11 to 25 quarts
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Polar Bear Coolers
- ORCA (Outdoor Recreation Company of America), LLC
- Plastilite Corporation
- Bison Coolers
- Grizzly Coolers, LLC
- Huntington Solutions, LLC
- ICEE Containers Pty Ltd
- Yeti holdings, Inc.
- Newell Brands, Inc
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