Chest Freezers Market Report 2026

The chest freezers market size has grown rapidly in recent years. It will grow from $20.76 billion in 2025 to $23.43 billion in 2026 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to growth in frozen food consumption, expansion of retail food chains, adoption of home food storage, development of cold storage facilities, increasing urbanization.

The chest freezers market size is expected to see rapid growth in the next few years. It will grow to $37.61 billion in 2030 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to energy efficiency regulations, growth in online grocery sales, expansion of cold chain logistics, rising food safety requirements, demand for temperature controlled storage. Major trends in the forecast period include growing demand for bulk frozen food storage, rising adoption of energy efficient freezers, expansion of cold storage infrastructure, increasing use in retail and food service, growing preference for high capacity freezers.

The increasing demand for frozen food products is anticipated to drive the growth of the chest freezer market in the coming years. Frozen food products are preserved through freezing to maintain freshness, nutrients, and extend their shelf life for future consumption. The rising demand for these products is attributed to their convenience, longer shelf life, and growing consumer preference for ready-to-eat meals in busy lifestyles. Chest freezers play a crucial role in storing frozen foods by providing consistently low temperatures that ensure quality, safety, and prolonged shelf life. For example, in January 2024, a report by the British Frozen Food Federation (BFFF) indicated that frozen food sales in the UK grew by 15.6% year over year in 2023, with volumes increasing by 0.4% compared to the previous year. Consequently, the surge in frozen food demand is propelling the chest freezer market forward.

The chest freezer market is being driven by innovations in advanced products that enhance cold storage capabilities. Companies are focusing on developing solutions that allow flexibility between freezer and refrigerator modes. Technological advancements, sustainability initiatives, and increasing consumer demand for frozen goods are shaping the future of cold storage. For instance, in November 2023, EF Education First (EF), a Switzerland-based home appliances company, launched chest freezers with advanced cooling technology, ensuring rapid and even freezing to preserve food freshness and nutritional value. These freezers offer generous storage capacity for organizing frozen fruits, vegetables, bulk purchases, and homemade meals. Additionally, a user-friendly interface with precise temperature controls optimizes storage conditions, maintaining food quality and improving energy efficiency.

In March 2024, Hoshizaki America, a US-based food service equipment manufacturer, acquired a 25% stake in Fogel for $28 million. This acquisition enables Hoshizaki to expand its portfolio of products and solutions, reflecting the company’s commitment to delivering top-tier solutions through synergies created between the two companies. Fogel is a US-based manufacturer specializing in chest freezers.

Major companies operating in the chest freezers market are LG Electronics Inc., Midea America Corporation, Whirlpool Corporation, Sharp Corporation, Liebherr-International GmbH, Electrolux Group AB, Westinghouse Electric Corporation, Dometic Group AB, Gorenje d.o.o., Fisher & Paykel Appliances Limited, Beko Plc, Danby Appliances Inc., Hisense Co., Ltd., U-Line Corporation, Everest Refrigeration, Inc., Frigidaire Company, Elan Professional Appliances Pvt. Ltd., Haier Group Corporation, Turbo Air Inc., Smeg S.p.A., Avanti Products LLC, Kenmore Corporation, Western Refrigeration Pvt. Ltd.

North America was the largest region in the chest freezers market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chest freezers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chest freezers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The chest freezers market consists of sales of deep freezers, portable chest freezers, frost-free chest freezers, convertible chest freezers and chest freezer accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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