Freezers Market Report 2025

The freezers market size has grown strongly in recent years. It will grow from $7.64 billion in 2024 to $8.07 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to changing food consumption patterns, rising urbanization, income growth, food preservation needs, demographic changes.

The freezers market size is expected to see steady growth in the next few years. It will grow to $9.78 billion in 2029 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to health and wellness trends, environmental sustainability, e-commerce and home delivery, changing dietary preferences, global supply chain dynamics. Major trends in the forecast period include integration of quick freeze features, energy star and eco-friendly certifications, advanced defrosting mechanisms, dual cooling systems, innovative storage solutions.

The expanding consumption of processed food items, including frozen meat, vegetables, and dairy products, alongside shifts in consumer dietary preferences, is propelling the growth of the Freezers market. As individuals increasingly adopt busy lifestyles, there is a growing reliance on processed foods and ready-to-eat meals that necessitate storage in freezers. Rentokil reports that the global processed food industries are valued at $2 trillion, indicating a substantial market for processed food products, thereby driving the demand for Freezers.

The upsurge in the Freezers market is fueled by a heightened focus on reducing food waste. Consumer behavior, characterized by excessive purchasing, neglect of leftovers, and misinterpretation of product expiration dates, contributes significantly to food waste. Inadequate storage and infrastructure, particularly in developing nations, further exacerbate food loss in the supply chain. Freezers serve as essential tools in curbing food waste by enabling consumers to freeze surplus food, leftovers, and fresh produce, thereby extending their shelf life. Practices such as effective labeling, organization, and periodic review of freezer contents aid in preventing forgotten items. For example, in September 2023, as reported by Times of Agriculture, a monthly agriculture magazine in India, the Ministry of Agriculture in India disclosed that nearly $600 million worth of food is wasted annually. The Food Wastage Index report by the United Nations Environment Programme (UNEP) highlighted that Indian households discard around 68.7 million tons of food each year, approximately 50 kilograms per person. India holds the second position globally in household food wastage, with only China ranking higher. Hence, the growing emphasis on reducing food waste is a key driver for the expansion of the Freezers market in the forecast period.

Freezer manufacturers are integrating technologies like IoT and embedded sensors into their products to enhance overall functionality. These manufacturers are introducing advanced human-machine interface designs in freezers and creating models that can automatically identify the type and weight of the food stored within, adjusting and monitoring the temperature accordingly. For instance, in September 2023, Cooltrax, a US-based provider of cold chain solutions, unveiled its latest innovation, the Cooltrax TempTracker temperature management solution. This advanced solution is intended to improve temperature monitoring across various cold chain operations, including refrigerated trucks, trailers, and other assets. The new TempTracker kit features faster data uploads, wider coverage, and enhanced reliability and security. These innovative capabilities aim to improve the efficiency and accuracy of temperature management in transporting goods that require specific temperature conditions.

In January 2023, Turkish multinational household appliances manufacturer Arcelik acquired Whirlpool’s EMEA (Europe, Middle East, and Africa) major domestic appliances business for an undisclosed sum. This strategic acquisition positions Arcelik to become the largest appliance supplier in Europe. Whirlpool, the U.S.-based seller of home appliances encompassing freezers, refrigerators, washing machines, microwaves, dishwashers, and more, was the entity involved in this transaction.

Major companies operating in the freezers market include Whirlpool Corporation, Haier Group Corporation, Electrolux AB, Samsung Electronics Co. Ltd., LG Electronics Inc., Siemens AG, Panasonic Corporation, Hitachi Ltd., Bosch GmbH, Liebherr Group, Midea Group Co. Ltd., Godrej & Boyce Mfg. Co. Ltd., Hisense Co. Ltd., Daikin Industries Ltd., Toshiba Corporation, Sharp Corporation, Arçelik A.Ş., Sub-Zero Group Inc., Danby Products Limited, Vestfrost Solutions, Avanti Products, Koolatron Corporation, Hussmann Corporation, Delfield Company, True Manufacturing Co. Inc., Thermo Fisher Scientific Inc., Carrier Global Corporation, U-Line Corporation, Dometic Group AB.

Asia Pacific was the largest region in the Freezers market share in 2024. The regions covered in the freezers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the Freezers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The home freezer market consists of sales of chest freezers, upright freezers, and others Freezers. 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.

A home freezer is a sizable container designed to maintain temperatures below freezing, enabling long-term food storage.

Primary products in the Freezers market include chest freezers, upright freezers, and other variations. Chest freezers resemble a chest with a door that opens by lifting. These freezers come with different door configurations, such as 1 door, 2 doors, 3 doors, or 4 doors, and are available in various capacities ranging from 200 and below, 200-300, 300-500, to 500 and above. These freezers cater to residential, commercial, and industrial applications.

The Freezers market research report is one of a series of new reports that provides Freezers market statistics, including Freezers industry global market size, regional shares, competitors with a Freezers market share, detailed Freezers market segments, market trends and opportunities, and any further data you may need to thrive in the Freezers industry. This Freezers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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