Beverage Refrigeration Market to 2024 - Development Status and Demand Outlook
Category: #business  By Rahul Varpe  Date: 2021-01-11
  • share
  • Twitter
  • Facebook
  • LinkedIn
Beverage Refrigeration Market to 2024 - Development Status and Demand Outlook

As per the estimates, countertop beverage refrigeration market is estimated to witness a CAGR of 5.1% over 2017-2024, having generated revenue over USD 1.39 billion in 2016. The under counter beverage refrigerators on the other hand have also witnessed huge popularity, owing to their UV protected glass doors. This feature of under counter beverage refrigerator helps in extending product’s shelf life with minimum contamination and is thus widely used in storing beer, wine, water, juices, soda, and other drinks. Moreover, the product’s better shelving & temperature control features will further support its expansion in beverage refrigeration industry, having accounted over USD 1 billion in 2016.

Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/2111          

The intelligent process cooling technique has led to a paradigm shift in beverage refrigeration market by bringing in significant operational efficacies. Realizing the substantial role cooling place in the overall beverage sector, manufacturing companies have brought forth a slew of innovative engineering concepts, generating a substantial momentum in the product spectrum of beverage refrigeration industry.

Asia Pacific is yet another major growth avenue, driven by the growing retail & food business in the region. Accounting for more than 60% of the world population, APAC is estimated to procure more than two-third of the global beverages consumption by 2020 – a factor profoundly driving the regional industry expansion. Statistics claim APAC beverage refrigeration market to register a CAGR of 6.1% over 2017-2024.

North America beverage refrigeration market is likely to dominate the overall regional landscape, with U.S. at the forefront. The rise in beverage refrigeration industry share in the region can be primarily credited to the increasing consumption of refreshment drinks. The fact that U.S. liquid refreshment beverage market marked a volume coverage of over 33 billion gallons in 2016, makes it quite overt that the regional refrigeration business will carve a profitable roadmap over the forthcoming years. Reportedly, North America beverage refrigeration industry size is anticipated to generate a valuation of USD 1 billion by 2024.

Request for customization @ https://www.decresearch.com/roc/2111

Elaborating further, the company has engineered cooling system that performs precise beverage cooling with zero contaminants. This modular approach toward refrigeration includes application in maturation, syrup cooling, yeast cooling, fermentation, carbonation, cooling tunnels, and pasteurization. Frigel’s engineered refrigeration system with precise temperature control has significantly impacted the overall competitive landscape of beverage refrigeration market, which was valued at USD 3.6 billion in 2016.

Considering the rising demand for beverages, many manufacturing companies are offering a variety of products ranging from countertop beverage refrigerator, under counter beverage refrigerator, storage beverage refrigerator and milk coolers. The countertop beverage refrigerator is witnessing heavy demand especially amongst home makers & professional chefs, subject to its spacious design, bottom freezer drawer, and powerful filtered water dispenser features.

Browse complete table of content (TOC) of this report @ https://www.decresearch.com/toc/detail/beverage-refrigeration-market

Some of the key beverage refrigeration market players include: - Whirlpool Corporation, Electrolux, Daikin Industries, Dover Corporation, Haier, Edgestar, Ford, General Electrics, Coca-cola, Koolatron, KingsBottle, HABCO, Danfoss, Gamko, Liebherr, Kegco, Marvel, Danby, Avanti, U-line, Allavino, Kenmore, Marvel, Johnson Controls, United Technologies Corporation, Illinois Tool Works

Related Reports: -

Commercial Refrigeration Equipment Market: https://www.globenewswire.com/news-release/2018/08/28/1557450/0/en/Commercial-Refrigeration-Equipment-Market-will-cross-35bn-by-2024-Global-Market-Insights-Inc.html

Industrial Refrigeration System Market: https://www.globenewswire.com/news-release/2020/11/23/2131353/0/en/Industrial-Refrigeration-Market-to-cross-USD-19-Bn-by-2026-Global-Market-Insights-Inc.html

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Food Supplement Ingredients Market Growth, Opportunities, Company Profiles, Business Overview, COVID-19 Outbreaks & Forecast To 2026
Food Supplement Ingredients Market Growth, Opportunities, Company Profiles, Business Overview, COVID-19 Outbreaks & Forecast To 2026
By Rahul Varpe

Dec Research Inc. has recently published a study titled Food Supplement Ingredients Market Research Report. In this report, analysts have provided a detailed evaluation of the Food Supplement Ingredients market globally. The comprehensive study of th...

Food Minerals Market Key Players, Financial Data, COVID-19 Outbreaks, Revenue Details by 2026
Food Minerals Market Key Players, Financial Data, COVID-19 Outbreaks, Revenue Details by 2026
By Rahul Varpe

Dec Research Inc. has recently published a study titled Food Minerals Market Research Report. In this report, analysts have provided a detailed evaluation of the Food Minerals market globally. The comprehensive study of the Food Minerals Market along...

Infant Formula Market COVID-19 Outbreaks, Major Competitors, Industry Share, Size, Growth by 2026
Infant Formula Market COVID-19 Outbreaks, Major Competitors, Industry Share, Size, Growth by 2026
By Rahul Varpe

Dec Research Inc. has recently published a study titled Infant Formula Market Research Report. In this report, analysts have provided a detailed evaluation of the Infant Formula market globally. The comprehensive study of the Infant Formula Market al...