Retail Coolers Market Report 2026

The retail coolers market size has grown rapidly in recent years. It will grow from $2.67 billion in 2025 to $2.95 billion in 2026 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to rising demand for packaged and perishable foods, growth of organized retail chains, advancements in refrigeration technology, increasing consumer awareness about food safety, expansion of convenience stores in urban areas.

The retail coolers market size is expected to see rapid growth in the next few years. It will grow to $4.37 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to integration of smart cooling solutions, adoption of energy-efficient and eco-friendly technologies, growth in online grocery retailing, rise of omni-channel retail strategies, increasing demand for ready-to-eat and chilled products. Major trends in the forecast period include energy-efficient refrigeration technologies, smart shelf and inventory management integration, compact and space-saving designs for retail outlets, customizable temperature zones for multi-product display, enhanced hygiene and antimicrobial surfaces.

The growing preference for alcoholic beverages is anticipated to drive the expansion of the retail cooler industry in the coming years. Alcoholic beverages are drinks containing ethanol, commonly referred to as alcohol, which are generally consumed for their psychoactive effects, ranging from mild relaxation and sociability to intoxication and impaired judgment. The increasing combination of cultural acceptance, social customs, and marketing initiatives links alcohol with relaxation, celebration, and social interaction. Retail coolers enhance the accessibility and convenience of alcoholic products, making them easier for consumers to obtain. They are crucial for preserving the quality, attractiveness, and regulatory compliance of alcoholic beverages, ultimately supporting higher sales and improved customer satisfaction. For example, in December 2024, Kirin Holdings Company, a Japan-based beverage firm, reported that total global beer consumption in 2023 rose by about 200,000 kiloliters, or 0.1%, from the previous year, reaching roughly 187.9 million kiloliters, with China remaining the largest beer-consuming nation for the 21st consecutive year. Thus, the increasing preference for alcoholic beverages fuels the growth of the retail cooler industry.

Major players in the retail cooler market are focusing on integrating in-store video screens to enhance customer engagement, deliver dynamic promotional content, and create a more interactive shopping experience. This technology involves embedding digital displays within cooler doors, transforming traditional refrigeration units into interactive advertising platforms that engage customers directly at the point of sale. For instance, Cooler Screens, a US-based retail technology firm, announced in January 2023 an expansion of its in-store video screen offerings. This advancement enables retailers to present targeted ads, promotions, and product information directly on cooler doors, thereby increasing customer engagement and potentially boosting sales. These screens offer features such as real-time content updates and tracking of customer interactions, providing valuable data to refine marketing strategies.

In May 2024, Dover Corporation, a US-based provider of equipment and components for the food retail, industrial, and energy sectors, acquired Hill Phoenix for an undisclosed amount. This acquisition allows Dover Corporation to broaden its product portfolio and service capabilities in food retail refrigeration systems for grocery stores, convenience stores, and other food retail establishments. Hill Phoenix, a US-based manufacturer of retail coolers, is now part of Dover Corporation’s offerings.

Major companies operating in the retail coolers market are Carrier Global Corporation, Stanley Black & Decker Inc., Newell Brands Inc., Dometic Group AB, Hussmann Corporation, Beverage-Air, YETI Holdings Inc., Epta Group, Rubbermaid Commercial Products, Hillphoenix, Imbera, The Coleman Company Inc., Pelican Products Inc., True Manufacturing Co. Inc., Delfield, AHT Cooling Systems, DeWalt, Master-Bilt, Kysor Warren, Zero Zone, NorLake Inc., Koolatron Corporation, Grizzly Coolers LLC, Turbo Air Inc., Plastilite Corporation, Huntington Solutions, Igloo Products Corp., Bison Coolers, Polar Bear Coolers.

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

The retail coolers market consists of sales of display refrigerators, display freezers, refrigerated merchandisers, cooler cabinets, portable coolers, ice machines, walk-in coolers, and 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.

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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