The Insulated Coolers Market is stated at USD 745.1 Mn in 2023 and is projected to reach USD 1400 Mn by 2033, at a CAGR of 6.6% from 2023 to 2023.
Increasing proclivity for luxury products continues to translate into inflating sales within the premium category, which would be a continuing trend in insulated coolers market. However, a new Future Market Insights (FMI) study suggests that this would reflect a measurable cost difference shaping the market over the following players.
The expansion of e-commerce and food delivery services has brought about a significant shift in consumer behavior and purchasing patterns, leading to a growing need for insulated coolers to address the unique challenges posed by transporting perishable goods.
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Maintaining food safety and quality is of paramount importance in the food industry. Insulated coolers offer a reliable solution to preserve the taste, texture, and nutritional value of perishable items during transportation. The ability to control temperature fluctuations helps prevent spoilage and foodborne illnesses, enhancing customer satisfaction and trust.
E-commerce and food delivery services encompass a wide range of perishable goods, including fresh produce, dairy products, seafood, meats, and ready-to-eat meals. Insulated coolers come in various sizes and designs to accommodate different types of products and ensure their optimal condition upon arrival.
Acquisitions to Remain Key Developmental Strategy
The insulated coolers market is undergoing product development and expansion. Key players aim to introduce new designs of insulated coolers in the market in response to changing consumer preferences. Additionally, big companies offering insulated coolers are focusing on opening retail stores to expand their customer base.
Competitive Landscape
Key players in the insulated coolers market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. The players are emphasizing on increasing their insulated coolers production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported insulated coolers.
Recent Developments:
- In 2023, Rubbermaid announced the launch of its new line of insulated coolers that are designed to be more water-resistant. The new coolers can withstand exposure to water, making them a more suitable option for applications in wet environments.
- In 2023, Coleman nnounced the launch of its new line of insulated coolers that are designed to be more high-performance. The new coolers are designed to meet the demanding requirements of a variety of applications, including camping, fishing, and tailgating.
- In 2022, RTIC Coolers announced the launch of its new line of insulated coolers that are designed to be more cost-effective. The new coolers are made from a lower-cost material that is still effective in a variety of applications.
- In August 2021, Igloo Products Corp. partnered with National Football League and released the first-ever NFL Playmate cooler collection and customized their branded Little Playmate cooler for each of the 32 NFL teams.
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Market Players:
- YETI Coolers LLC
- Igloo Products Corp.
- The Coleman Company, Inc.
- Pelican Products, Inc.
- RTIC Outdoors LLC
- ORCA
- Bison Coolers LLC
- Otter Products llc
- Koolatron Corp
- COLD & CO
- AO Coolers
- Stanley a brand of PMI
- K2 Coolers
- Engel Coolers
- Grizzly Coolers LLC
Key Segmentation:
By Capacity:
- Up to 25 Quart
- 26-75 Quart
- 76-150 Quart
- Above 150 Quart
By Product Type:
- Hard Coolers
- Soft Coolers
By Carrying Capacity:
- Side Handles
- Lid Handle
- Shoulder Strap
- Wheel
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Key Takeaways – Insulated Coolers Market Study
Increasing preference for outdoor and sports activities such as camping, fishing, and hiking are expected boost demand for insulated coolers in the U.S.
Hard coolers remain the most preferred insulated coolers, attributable to better durability and high ice retention ability as compared to soft coolers.
Globally, 26-75 quart insulated coolers are estimated to be high selling among all insulated coolers in terms of capacity in 2019. Customers opt for 26-75 quart insulated coolers, as result of easy outdoor handling and conveying and adequate storage capacity.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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