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FELTON, Calif., April 27, 2021 /PRNewswire/ The global beverage cooler market size is expected to reach USD 8.6 billion by 2028, registering a CAGR of 5.0% over the forecast period, according to a new report by Million Insights.
What are Key Factors Driving the Beverage Cooler Market?
Increasing demand for chilled drinks such as wine, beers, and health drinks, owing to the increasing disposable income of the people in countries such as India, China, and South Africa is driving the market. The adoption rate of such coolers is increasing among the major economies, including China, India, and Germany.
Beverage Cooler Market To Expand At 5 0% CAGR By 2028, Owing To Rising Demand For Chilled Drinks Such As Wine, Beers & Health Drinks
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Ice Maker Market to Reach $2 78 Bn, Globally, by 2027 at 4 4% CAGR, Says Allied Market Research
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SAN FRANCISCO, Feb. 23, 2021 /PRNewswire/ The global food service equipment market size is estimated
to reach USD 50.01 billion by 2028, according to a new report by Grand View Research, Inc. It is projected
to expand at an estimated CAGR of 5.5% from 2021 to 2028. The increasing trade activities in the food and beverage industry, upsurge in travel and tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.
Key suggestions from the report:
In terms of geography, Asia Pacific is estimated to emerge as the fastest-growing regional market with a CAGR of close to 7.0% from 2021 to 2028