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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Portable Coolers Market Size
The global portable coolers market value reached USD 3.3 billion in 2023. The market is expected to grow at a CAGR of 14.0% during the forecast period of 2024-2032 to attain a value of USD 10.62 billion by 2032. The industry is expanding due to the growing consumption of draft and home-brewed beer and the feasibility of portable coolers during transportation.
| Global Portable Coolers Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 3.3 |
| Market Size 2032 | USD Billion | 10.62 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 14.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 15.4% |
| CAGR 2024-2032 - Market by Country | India | 17.7% |
| CAGR 2024-2032 - Market by Country | Brazil | 16.9% |
| CAGR 2024-2032 - Market by Product | Hard-Sided Coolers | 14.8% |
| CAGR 2024-2032 - Market by End Use | Commercial and Government | 12.3% |
| Market Share by Country 2023 | India | 13.5% |
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Portable Coolers Market Growth
The growth of the portable cooler market is being driven by the introduction of advanced features in the product, such as a tracking system and battery-operated features, which are grabbing consumer attention for fresh trends. The industry is propelling forward due to the increased focus of suppliers on innovation to meet consumer demand. The portable coolers are also easy to transport, which makes them a preferred choice for use among consumers. The other factors leading to the growth of the industry are the high consumption of draft beer and other drinks.
Portable Coolers Market Trends
Integration of smart technology in portable coolers is a crucial trend in portable cooler market. These coolers are equipped with features such as digital temperature control for optimising the temperature according to the requirement. Furthermore, several manufacturers are using recyclable or sustainable materials in the development of portable coolers to reduce the environmental impact.
Recent Developments
As per the portable coolers market dynamics and trends, Thomas announced the launch of a new range of air coolers and smart televisions in India in March 2023. This new range consists of personal, portable, noiseless, and space-efficient air coolers which come in both affordable and premium prices.
Industry Outlook
As per the portable coolers industry analysis, Portable coolers are being increasingly adopted by travellers and individuals who go on picnics. Portable coolers are being used to store food items and beverages, making it convenient for travellers to consume chilled food on the go. According to UN tourism, the Middle East had fully recovered in international tourist arrivals in the first quarter of 2023 compared to the same period in 2019, achieving 100% of its 2019 tourist levels. Africa is close behind with a 96% recovery, with only 4% remaining to reach the levels of 2019, which can aid the growth of the portable coolers industry. Europe has also shown significant recovery at 94%, though 6% still pending. The Americas region has recovered 90% of its previous tourist numbers. Globally, there has been an 88% recovery in 2019 tourist levels. However, the Asia Pacific region is markedly lower, with only 65% recovery, leaving 35% pending.
According to U.S. Bureau of Labor Statistics, spending on alcoholic beverages in the U.S. decreased in 2020 to USD 478, down from USD 579 in 2019. It then increased to USD 554 in 2021 and further rose to USD 583 in 2022, showing a gradual recovery post-pandemic. Other food-at-home categories saw an increase each year, from USD 1,749 in 2019 to USD 1,776 in 2020, which suggests a possible shift in consumer behaviour towards more home cooking during the pandemic and can aid the portable coolers industry revenue. The upward trend continued with expenditures rising to USD 1,947 in 2021 and significantly jumping to USD 2,144 in 2022. The increasing number of home parties and gatherings is contributing to the increased adoption of portable coolers for storing beverages and other food products.
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Portable Coolers Industry Segmentations
The portable coolers are widely used for dry camping, backpacking, off-road/RV camping, and others.
The portable coolers industry can be further segmented based on:
| CAGR 2024-2032 - Market by | End Use |
| Commercial and Government | 12.3% |
| Residential or Recreational | XX% |
- End-Use
- Residential or recreational
- Commercial and government
- Distribution Channel
- Offline
- Online
| CAGR 2024-2032 - Market by | Product |
| Hard-Sided Coolers | 14.8% |
| Soft-Sided Coolers | XX% |
- Product
- Hard-sided coolers
- Soft-sided coolers
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 15.4% |
| Latin America | 14.7% |
| North America | 13.3% |
| Europe | XX% |
| Middle East and Africa | XX% |
| CAGR 2024-2032 - Market by | Country |
| India | 17.7% |
| Brazil | 16.9% |
| Canada | 15.2% |
| China | 14.8% |
| Australia | 10.5% |
| USA | XX% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 9.2% |
| Saudi Arabia | XX% |
| Mexico | XX% |
| 2023 Market Share by | Country |
| India | 13.5% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
The EMR report looks into the regional portable coolers markets like the North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global portable coolers industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- AO Coolers
- Bison Coolers, LLC
- Engel Coolers
- Grizzly Coolers
- Igloo Products Corp.
- K2 Coolers
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
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Portable Coolers Market Regional Analysis
North America accounts for a major market share as this region has a strong culture of outdoor fishing and camping, among other activities, which necessitates the requirement of portable coolers. The region is also a technological hub which enables the development of smart and sustainable portable cooler solutions, boosting the demand of portable coolers market.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Distribution Channel |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Product |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Portable Coolers Market Report Snapshots
Portable Coolers Market Growth
*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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Key Questions Answered in the Report
The global portable coolers market is likely to grow at a CAGR of 14% in the forecast period of 2024 and 2032.
The major drivers of the market include the introduction of advanced features, increased commercialisation, changing lifestyles of human, growing focus of the major manufacturers on technological advancements and high rate of promotional activities.
The global portable coolers market is driven by the growing consumption of draft and home-brewed beer and the feasibility of portable coolers during transportation.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The several distribution channels in the market are offline and online.
The major applications in the market are dry camping, backpacking, and off-road/RV camping, among others.
The end-use sectors include residential or recreational, and commercial or government.
The major products in the market are hard-sided coolers and soft-sided coolers.
The key players in the market include AO Coolers, Bison Coolers, Engel Coolers, Grizzly Coolers, Igloo Products Corp., and K2 Coolers, among others.
The market attained a value of USD 3.3 billion in 2023.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10.62 billion in 2032.
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+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
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+84865399124