The global wine cooler market size is anticipated to reach USD 4.4 billion by 2030. It is expected to expand at a CAGR of 6.8% during the forecast period. Increasing consumption of wine around the world, especially in India, China, and Japan is expected to fuel the growth.
Free-standing wine cooler segment held the largest market share of 52.2% during the forecast period and is expected to continue leading over the forecast period. Rapid product innovation and introduction of new products with wider dimensions for increased wine bottle storage is anticipated to bode well for the growth of the segment in the forthcoming years. For instance, in February 2019, Vinotemp launched a Technical Veneer Wrap option for its large-capacity private reserve series wine coolers at the Kitchen & Bath Industry Show, Las Vegas, Nevada.
The countertop wine cooler segment is expected to expand at the fastest CAGR over the forecast period.
Commercial application is expected to continue leading in terms of overall market share throughout the forecast period. Growing popularity of wine among millennial is the key factor driving the segment growth. Residential segment, on the other hand, is expected to expand at the fastest CAGR over the forecast period. The tradition of drinking wine with dinner in various countries including U.S. and China is the key factor driving the demand for wine cooler from residential sector.
Europe is expected to remain dominant region in terms of overall market share throughout the forecast period. It is expected to expand at a CAGR of 6.0% from 2024 to 2030, driven by increasing consumption wine.
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Free-standing wine cooler segment held the largest market share of 52.2% during the forecast period and is expected to continue leading over the forecast period. Rapid product innovation and introduction of new products with wider dimensions for increased wine bottle storage is anticipated to bode well for the growth of the segment in the forthcoming years. For instance, in February 2019, Vinotemp launched a Technical Veneer Wrap option for its large-capacity private reserve series wine coolers at the Kitchen & Bath Industry Show, Las Vegas, Nevada.
The countertop wine cooler segment is expected to expand at the fastest CAGR over the forecast period.
Commercial application is expected to continue leading in terms of overall market share throughout the forecast period. Growing popularity of wine among millennial is the key factor driving the segment growth. Residential segment, on the other hand, is expected to expand at the fastest CAGR over the forecast period. The tradition of drinking wine with dinner in various countries including U.S. and China is the key factor driving the demand for wine cooler from residential sector.
Europe is expected to remain dominant region in terms of overall market share throughout the forecast period. It is expected to expand at a CAGR of 6.0% from 2024 to 2030, driven by increasing consumption wine.
Wine Coolers Market Report Highlights
- Free-standing wine coolers accounted for the dominant market share of 52.2% in 2023 owing to their portability.
- Residential wine coolers is expected to emerge as the fastest-growing CAGR during the forecast period.
- Europe held more than 34.0% share of global wine coolers market due increasing consumption of wine coupled with rising awareness regarding the health benefits of wine
- Asia Pacific is expected to expand at a CAGR of 7.4% over the forecast period owing to increasing consumption wine
The leading players in the Wine Cooler market include:
- Allavino Company
- Avanti Products, Inc.
- Electrolux AB
- Danby Appliances Inc.
- AGA Marvel
- Viking Range, LLC
- Donlert Electrical Co Ltd.
- Newari Company
- LG Electronics
- General Electric Company
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Wine Cooler Market Variables, Trends, & Scope
Chapter 4. Wine Cooler Market: Product Estimates & Trend Analysis
Chapter 5. Wine Cooler Market: Technology Estimates & Trend Analysis
Chapter 6. Wine Cooler Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Wine Cooler Market: Application Estimates & Trend Analysis
Chapter 8. Wine Cooler Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
The leading players in the Wine Cooler market include:- Allavino Company
- Avanti Products, Inc.
- Electrolux AB
- Danby Appliances Inc.
- AGA Marvel
- Viking Range, LLC
- Donlert Electrical Co Ltd.
- Newari Company
- LG Electronics
- General Electric Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.8 Billion |
| Forecasted Market Value ( USD | $ 4.4 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
