Beverage and wine coolers help the beverages to improve their shelf life by maintaining the optimum temperature. These coolers make the wine and beverages drinkable for a longer period and enhance the wine’s taste with aging, which is making it popular among wine and beverages consumers.
South East Asia beverage and wine coolers market is majorly driven by rising sales graph of alcoholic beverages, especially wines across Vietnam and Thailand. A majority of consumers prefer to buy wine bottle for in-house consumption which is leading to rising demand for beverage and wine coolers significantly. Moreover, inclination towards luxury kitchen setup with all the technologically advanced appliances, beverage and wine coolers are gaining popularity among households. In addition, increasing western influence and shift towards urbanization, the beverages and wine coolers market is anticipated to witness exponential growth during the forecast period.
Moreover, the consumer expenditure on wine and non-alcoholic beverages across SEA countries is gradually increasing, as compared to a decade back. For instance, according to Coherent Market Insights analysis, in 2016, consumer expenditure on beverages and wine in Vietnam was US$ 146.75 billion, which reached to US$ 185.24 billion by 2020.
This report segments the South East Asia beverage and wine coolers market on the basis of product type, door type, capacity range, and country. On the basis of product type, South East Asia beverage and wine coolers market is segmented into wine coolers and beverage coolers. By door type, the South East Asia beverage and wine coolers market is segmented into 1 door type, 2 door type, 3 door type, and 4 door and above type. Based on capacity range, South East Asia beverage and wine coolers market is segmented into 200 & below liters, 200 to 300 liters, 300 to 500 liters, and 500 & above liters. On the basis of country, South East Asia beverage and wine coolers market is segmented into Indonesia, Vietnam, Philippines, and Cambodia.
Key features of the study:
- This report provides an in-depth analysis of the South East Asia Beverage and Wine Coolers Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, country outlook, and competitive strategy adopted by leading players
- It profiles leading players in the South East Asia Beverage and Wine Coolers Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Major companies operating in the South East Asia Beverage and Wine Coolers market include AB Electrolux, Frigoglass S.A.I.C., GE Corporation, ROYAL SUTAN AGUNG, SANDEN INTERCOOL PUBLIC COMPANY LIMITED, Liebherr, NewAir, EdgeStar, and GUANGZHOU LVNI COMMERCIAL REFRIGERATION CO., LTD.
- These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
- South East Asia Beverage and Wine Coolers Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the South East Asia Beverage and Wine Coolers Market
- South East Asia Beverage and Wine Coolers Market, By Product Type:
- Wine Coolers
- Beverage Coolers
- South East Asia Beverage and Wine Coolers Market, By Door Type:
- 1 Door Type
- 2 Door Type
- 3 Door Type
- 4 Door and Above Type
- South East Asia Beverage and Wine Coolers Market, By Capacity Range:
- 200 &Below Liters
- 200 to 300 Liters
- 300 to 500 liters
- 500 & Above Liters
- South East Asia Beverage and Wine Coolers Market, By Country:
- Company Profiles
- AB Electrolux**
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Key highlights
- Frigoglass S.A.I.C.
- GE Corporation
- ROYAL SUTAN AGUNG
- SANDEN INTERCOOL PUBLIC COMPANY LIMITED
- GUANGZHOU LVNI COMMERCIAL REFRIGERATION CO., LTD.
**All the pointers will also be provided for the rest of the companies.
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Market analysis - Forecast to 2027’