Skip to main content

Freezer and Beverage & Wine Coolers Market: Comprehensive Analysis and Future Estimations 2022

Freezer and Beverage & Wine Coolers Market  

According to a new market report published by Transparency Market Research “Freezer and Beverage & Wine Coolers Market - SEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022” the SEA market for freezers and beverage & wine coolers, in terms of revenue, was valued at US$ 1,011.0 Mn in 2014 and is forecast to grow at a CAGR of 6.4% during the period 2014 to 2022. Growth in demand for packaged foods and non-alcoholic drinks and high economic growth with increase in establishments such as hotels, cafés and food chains are key factors driving the growth of SEA freezer and beverage & wine coolers market. In addition, growth in number of modern grocery retailers such as hypermarkets, supermarkets and superstores apart from independent outlets in the region is further expected to drive the growth of this market over the forecast period.
The SEA freezer and beverage & wine coolers market was dominated by the freezer category with a market share of around 58% in 2014. Food and packaged food, dairy, confectionary and ice-cream industries in SEA are driving the freezer market. Wine coolers market is forecast to grow at a significant rate during the forecast period 2014 to 2022. Food & beverages and tourism industries are expected to drive the demand for wine coolers in the SEA region.
Planning To Lay Down Future Strategy? Request Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5468

 Ice cream freezers, chest freezers and upright freezers are three different types of freezers analyzed in the report. The SEA freezers market was dominated by the ice-cream freezers with a market share of around 42% in 2014. The demand for chest freezers from convenient stores and traditional retailers is expected to grow during the forecast period. The segment is projected to grow at fastest CAGR at 7.0% in the region throughout the forecast period due to strong demand for packaged foods, confectionery products and canned food items.

By capacity range, 300 to 500 litres freezer segment with approximately 32% share in the overall SEA freezer market in terms of revenue was the largest among all freezer types. Most of the FMCG manufacturers/establishments, food chains and ice-cream chain outlets enter into agreement with freezer manufacturers. These FMCG manufacturers provide assistance by providing freezers to the local convenience stores and also aid hypermarkets by constituting a mini outlet within the premises of the hypermarket.
Vietnam held the second largest revenue share of the overall SEA freezers and beverage & wine coolers market in 2014. Beverage coolers market in Thailand is expected to achieve significant growth during the forecast period from 2014 to 2022. Strong GDP, economic growth rate and rapid urbanization and advent of BPO and KPO industry across the SEA region are expected to primarily drive the growth of freezer & beverage and wine cooler market in SEA. Opportunities from other countries including Philippines and Malaysia are expected to further drive the growth of SEA freezer & beverage and wine coolers market during the forecast period from 2014 to 2022. 
Request For COVID19 Impact Analysis Across Industries And Markets - Freezer and Beverage & Wine Coolers Market

Leading companies operating in SEA region in the freezer and beverage coolers market include AB Electrolux, Concepcion Industrial Corporation (CIC), Frigoglass SA, General Electric Corporation, Hoshizaki Singapore Pte Ltd., Midea Group, Sharp Electronics Co. Ltd. and South East Asia Hamico Export JSC. Also few of the domestic manufacturers include PT. Royal Sutan Agung (Indonesia), The Cool Company (Thailand), PT. Indotara Persada (Indonesia), and SAMEMAX Refrigeration Sdn. Bhd. (Malaysia) among others.
Indonesia led the SEA Freezer and beverage & wine coolers market in 2014 with the share of around 36% in 2014 of the overall SEA freezer and beverage & wine coolers market. The reason behind this being more number of consumers are demanding and purchasing packaged foods, ready-meals, frozen foods, sauces and dressings. The market in Thailand is expected to grow at fastest CAGR in both the categories namely; freezers and beverage & wine coolers market during the forecast period.
The key manufacturers in SEA freezer and beverage & wine coolers market are AB Electrolux, Concepcion Industrial Corporation (CIC), Frigoglass SA, General Electric Corporation, Hoshizaki Singapore Pte Ltd., Midea Group, Sharp Electronics Co. Ltd., South East Asia Hamico Export JSC and The Cool Company among others. 
More Trending Reports by Transparency Market Research –  

Labels:

Comments

Post a Comment

Popular posts from this blog

Lipid Profile Market: Information, Figures And Analytical Insights 2027 | Abbott., Akers Biosciences, Inc., Beckman Coulter

Emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed apparently while generating this credible  Lipid Profile Market  analysis report. It helps customers or other market participants to be aware of the problems they may face while operating in the Lipid Profile industry over a longer period of time. The market data is analysed and forecasted using well established market statistical and coherent models. The global Lipid Profile business report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The scope of this Lipid Profile Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The data collected to structur...
Post a Comment
Read more

Cryptocurrency Market: Opportunity Analysis and Industry Forecast Up To 2025

  The growing popularity of digital currency has played an integral role in driving sales across the global  cryptocurrency market.  The use of digital ledgers and blockchain technology across the financial space has emerged as an important dynamic of market growth. Moreover, investments in various forms of cryptocurrency have led to market growth and maturity. Several industry analysts consider cryptocurrency as a lucrative digital currency that could revolutionize the area of transactions. The availability of digital ledgers floating across the cryptocurrency ecosystem has helped in reconciling the use of this currency. Considering the factors stated above, it is legit to believe that the global cryptocurrency market would gain momentum in the times of follow. Transparency Market Research (TMR), in it report, predicts that the global cryptocurrency market would grow at a boisterous CAGR of 31.30% over the period between 2017 and 2025. The total value of the glo...
Post a Comment
Read more

Agricultural Sprayers Market To 2027 Market Development, Overview and Forecast | Deere & Company, CNH Industrial, Exel Industries

This large scale Agricultural Sprayers Market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Agricultural Sprayers Market report helps uncover the general market conditions and tendencies. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The Agricultural Sprayers Market document assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business. Request an analyst call or drop down an enquiry to get thorough Agricultural Sprayers Market report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken...
Post a Comment
Read more