According
to a new market report published by Transparency Market Research
“Freezer and Beverage & Wine Coolers Market - SEA Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022” the
SEA market for freezers and beverage & wine coolers, in terms of
revenue, was valued at US$ 1,011.0 Mn in 2014 and is forecast to grow
at a CAGR of 6.4% during the period 2014 to 2022. Growth in demand
for packaged foods and non-alcoholic drinks and high economic growth
with increase in establishments such as hotels, cafés and food
chains are key factors driving the growth of SEA freezer and beverage
& wine coolers market. In addition, growth in number of modern
grocery retailers such as hypermarkets, supermarkets and superstores
apart from independent outlets in the region is further expected to
drive the growth of this market over the forecast period.
Browse
the full Freezer and Beverage & Wine Coolers Market Report at
http://www.transparencymarketresearch.com/sea-freezer-beverage-wine-coolers-market.html
The
SEA freezer and beverage & wine coolers market was dominated by
the freezer category with a market share of around 58% in 2014. Food
and packaged food, dairy, confectionary and ice-cream industries in
SEA are driving the freezer market. Wine coolers market is forecast
to grow at a significant rate during the forecast period 2014 to
2022. Food & beverages and tourism industries are expected to
drive the demand for wine coolers in the SEA region.
Ice
cream freezers, chest freezers and upright freezers are three
different types of freezers analyzed in the report. The SEA freezers
market was dominated by the ice-cream freezers with a market share of
around 42% in 2014. The demand for chest freezers from convenient
stores and traditional retailers is expected to grow during the
forecast period. The segment is projected to grow at fastest CAGR at
7.0% in the region throughout the forecast period due to strong
demand for packaged foods, confectionery products and canned food
items.
Browse
the full Press Release:
http://www.transparencymarketresearch.com/pressrelease/sea-freezer-beverage-wine-coolers-market.htm
By
capacity range, 300 to 500 litres freezer segment with approximately
32% share in the overall SEA freezer market in terms of revenue was
the largest among all freezer types. Most of the FMCG
manufacturers/establishments, food chains and ice-cream chain outlets
enter into agreement with freezer manufacturers. These FMCG
manufacturers provide assistance by providing freezers to the local
convenience stores and also aid hypermarkets by constituting a mini
outlet within the premises of the hypermarket.
sea-freezer-beverage-wine-coolers-market
By
country, Indonesia was one of the largest contributors to the SEA
freezers and beverage & wine coolers market in terms of revenue
in 2014 on account of large demand from rapidly growing middle class
population. The stable economy has led to rising disposable incomes,
which have increased the purchasing power of consumers at foodservice
outlets.
Vietnam
held the second largest revenue share of the overall SEA freezers and
beverage & wine coolers market in 2014. Beverage coolers market
in Thailand is expected to achieve significant growth during the
forecast period from 2014 to 2022. Strong GDP, economic growth rate
and rapid urbanization and advent of BPO and KPO industry across the
SEA region are expected to primarily drive the growth of freezer &
beverage and wine cooler market in SEA. Opportunities from other
countries including Philippines and Malaysia are expected to further
drive the growth of SEA freezer & beverage and wine coolers
market during the forecast period from 2014 to 2022. Leading
companies operating in SEA region in the freezer and beverage coolers
market include AB Electrolux, Concepcion Industrial Corporation
(CIC), Frigoglass SA, General Electric Corporation, Hoshizaki
Singapore Pte Ltd., Midea Group, Sharp Electronics Co. Ltd. and South
East Asia Hamico Export JSC. Also few of the domestic manufacturers
include PT. Royal Sutan Agung (Indonesia), The Cool Company
(Thailand), PT. Indotara Persada (Indonesia), and SAMEMAX
Refrigeration Sdn. Bhd. (Malaysia) among others.
Indonesia
led the SEA Freezer and beverage & wine coolers market in 2014
with the share of around 36% in 2014 of the overall SEA freezer and
beverage & wine coolers market. The reason behind this being more
number of consumers are demanding and purchasing packaged foods,
ready-meals, frozen foods, sauces and dressings. The market in
Thailand is expected to grow at fastest CAGR in both the categories
namely; freezers and beverage & wine coolers market during the
forecast period.
The
key manufacturers in SEA freezer and beverage & wine coolers
market are AB Electrolux, Concepcion Industrial Corporation (CIC),
Frigoglass SA, General Electric Corporation, Hoshizaki Singapore Pte
Ltd., Midea Group, Sharp Electronics Co. Ltd., South East Asia Hamico
Export JSC and The Cool Company among others.
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