North America 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 North America Retail Coolers Market would witness market growth of 5.4% CAGR during the forecast period (2021-2027).
Retail coolers work in a circular process and operate at temperatures between 0 and 13 degrees Celsius. Retail coolers and refrigeration equipment are designed with an in-built evaporator, a compressor, and a condensing coil. The refrigerant flow is induced from the compressor to the condenser, then into the expansion device via the evaporator, and back to the compressor. The refrigerant absorbs heat from items that are stored inside the cooler and ejects it through evaporation and condensation from the commercial cooler. The heat is frequently expelled outside the cooler, and inside the facility, or into cold water after the process.
The compressor is positioned on the top of certain reach-in coolers; while, it is located on the bottom of various reach-in coolers. Reach-in coolers with compressors at the bottom are most appropriate for hotter environments. Floors are often colder as the temperature rises.
The increasing demand for frozen and preserved food across various countries of the region is a significant reason, due to which, retail coolers are widely being utilized in this region. Due to the hectic lifestyle of the people, the demand for easy-to-cook and ready-to-eat food is constantly increasing. Frozen food saves a lot of time and effort of people, hence, gaining the traction of people. This is owing to the attribute that retail coolers can keep the edible fresh for a longer period of time.
In addition, according to The National Center for Biotechnology Information, frozen seafood constitutes approximately 70% of the overall food that is being consumed across the US. Moreover, this number is estimated to increase in the coming years.
The US market dominated the North America Retail Coolers Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $479.9 million by 2027. The Canada market is anticipated to grow at a CAGR of 7.7% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Retail Coolers Market is Estimated 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
- Rest of North America
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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