The global freezer market size reached around USD 17.61 Billion in 2025. The market is projected to grow at a CAGR of 4.10% between 2026 and 2035 to reach nearly USD 26.32 Billion by 2035.
Base Year
Historical Period
Forecast Period
As per industry reports, Clelac, a Mexican home appliance manufacturer, recorded a 10% growth in appliance production in 2022.
Blue Star Ltd. is expected to increase its annual production capacity to 3.5 lakh freezer units by FY 2025-26.
By 2025, China is expected to complete the establishment of an efficient cold-chain network, thereby increasing the freezer market revenue.
Compound Annual Growth Rate
4.1%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Freezer Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 17.61 |
| Market Size 2035 | USD Billion | 26.32 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 4.10% |
| CAGR 2026-2035 - Market by Region | Middle East and Africa | 4.4% |
| CAGR 2026-2035 - Market by Country | India | 5.3% |
| CAGR 2026-2035 - Market by Country | Australia | 5.1% |
| CAGR 2026-2035 - Market by Application | Commercial | 4.5% |
| CAGR 2026-2035 - Market by Capacity | 300L-500L | 4.7% |
| Market Share by Country 2025 | China | 28.4% |
Mexico has emerged as one of the critical global hubs of home appliance production in recent times. This can be attributed to the increasing nearshoring of operations by American manufacturing companies, which is expected to favourably impact the freezer market development.
The home appliance manufacturing industry of Mexico was valued at around USD 14.8 billion in 2023. While it earlier accounted for around 12% of the total industrial area, the establishment of 25 new industrial parks in 2023 has further fuelled the market growth. This is expected to facilitate the freezer market expansion, which is also expected to benefit from growing private sector investments (recorded at over USD 1.15 billion in 2022).
Youth-led start-ups in Kenya are revolutionising freezer production by using plastic waste to manufacture solar-powered freezers. Such initiatives are expected to appeal to environmentally conscious consumers and lead to an increase in the freezer market value over the forecast period.
As per the China Federation of Logistics and Purchasing, the total revenues of the domestic cold chain logistics industry surged by 4.1% y-o-y during January-May 2023, reaching USD 369.11 billion. The total industrial investment also recorded a growth of 6.6% y-o-y, reaching 14 billion yuan. This is expected to lead to an increased demand for industrial freezers in the nation, thereby driving demand in the Asia Pacific region.
Introduction of liquid freezers; advancements in cryogenic freezing technologies; the shift towards sustainability; and the growth of the pharmaceutical industry are the major factors favouring the freezer market growth
Liquid freezers prevent the formation of large ice crystals caused by slow freezing, thereby maintaining the freshness, quality and texture of food. It also enhances the shelf life of frozen food and makes it safe for consumption. This is expected to increase the freezer market value over the forecast period.
Technological advancements have enabled key players to introduce powerful freezers, which ensure the strictest standards of safety and hygiene of frozen food.
An increasing number of freezer manufacturers are expected to incorporate recycled materials into freezers to minimise their carbon footprint. This is expected to facilitate the growth of freezer market value over the forecast period.
The robust growth of the pharmaceutical industry is expected to increase the demand for reliable and cost-effective freezers which can be used to safely transport temperature-sensitive medicines and vaccines.
In 2022, the overall demand for home-cooked meals in Japan reached 406.1 billion yen by value and 800,000 tons by volume. The phrase “second freezer” has become exceedingly popular in Japan, as consumers are installing additional freezers to prevent food wastage and adapt to changing family structures. This is creating a favourable freezer market outlook. Moreover, the increasing labour shortage is challenging the growth of the food service industry in Japan, which is expected to boost the adoption of freezers, thereby leading to market growth.
The EMR’s report titled “Global Freezer Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Capacity
Market Breakup by Application
Market Breakup by Door
Market Breakup by Region
| CAGR 2026-2035 - Market by | Country |
| India | 5.3% |
| Australia | 5.1% |
| Saudi Arabia | 4.9% |
| China | 4.4% |
| Canada | 4.0% |
| USA | XX% |
| UK | 3.6% |
| Germany | XX% |
| France | XX% |
| Japan | XX% |
| Brazil | XX% |
| Mexico | XX% |
| Italy | 3.2% |
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the Middle East and Africa is expected to grow at a CAGR of 4.4% due to the growing consumption of frozen food products among middle-income and high-end consumers in the region. Moreover, as per the freezer market analysis, increasing accessibility to sustainably freezers is expected to favourably impact the market dynamics.
Major players are incorporating sustainable materials into their freezers, which is favourably influencing the freezer market dynamics.
AB ELECTROLUX was founded in 1919 and is headquartered in Stockholm, Sweden. It is a home appliance manufacturing company which specialises in the production of cookers, refrigerators, washing machines, ovens, and vacuum cleaners, among other products.
Haier Group was founded in 1984 and is headquartered in Shandong, China. It is mainly engaged in manufacturing electrical appliances and serves over 1 billion consumers across 160 countries.
Panasonic Holdings Corporation was founded in 1918 and is headquartered in Osaka, Japan. It is engaged in producing electronic appliances, including industrial equipment, audio video solutions, and home appliances, among others.
Whirlpool Corporation was founded in November 1911 and is headquartered in Michigan, United States. It is one of the world's leading laundry and kitchen companies, which generated nearly USD 20 billion in sales in 2022.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the freezer market report are BRANDT FRANCE, Liebherr-Hausgeräte GmbH, Thermo Fisher Scientific Inc., Ali Group S.r.l., LG Electronics Inc., and Siemens AG, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 17.61 Billion.
The market is projected to grow at a CAGR of 4.10% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 26.32 Billion by 2035.
The different regions considered in the market report include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major trends aiding the market expansion are the introduction of liquid freezers and advancements in cryogenic freezing technologies.
The different types of products in the market are chest freezers and upright freezers.
The different applications of freezers are residential, commercial, and industrial.
Key players in the market are BRANDT FRANCE, AB ELECTROLUX, Liebherr-Hausgeräte GmbH, Haier Group, Thermo Fisher Scientific Inc., Ali Group S.r.l., LG Electronics Inc., Whirlpool Corporation, Panasonic Holdings Corporation, and Siemens AG, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Capacity |
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| Breakup by Application |
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| Breakup by Door |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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