Beverage and wine coolers help the beverages to improve their shelf life by maintaining the optimum temperature. These coolers make the wine and beverages drinkable for a longer period and enhance the wine’s taste with aging, which is making it popular among wine and beverages consumers.
Market Dynamics
South East Asia beverage and wine coolers market is majorly driven by rising sales graph of alcoholic beverages, especially wines across Vietnam and Thailand. A majority of consumers prefer to buy wine bottle for in-house consumption which is leading to rising demand for beverage and wine coolers significantly. Moreover, inclination towards luxury kitchen setup with all the technologically advanced appliances, beverage and wine coolers are gaining popularity among households. In addition, increasing western influence and shift towards urbanization, the beverages and wine coolers market is anticipated to witness exponential growth during the forecast period.
Moreover, the consumer expenditure on wine and non-alcoholic beverages across SEA countries is gradually increasing, as compared to a decade back. For instance, according to Coherent Market Insights analysis, in 2016, consumer expenditure on beverages and wine in Vietnam was US$ 146.75 billion, which reached to US$ 185.24 billion by 2020.
Market Taxonomy
This report segments the South East Asia beverage and wine coolers market on the basis of product type, door type, capacity range, and country. On the basis of product type, South East Asia beverage and wine coolers market is segmented into wine coolers and beverage coolers. By door type, the South East Asia beverage and wine coolers market is segmented into 1 door type, 2 door type, 3 door type, and 4 door and above type. Based on capacity range, South East Asia beverage and wine coolers market is segmented into 200 & below liters, 200 to 300 liters, 300 to 500 liters, and 500 & above liters. On the basis of country, South East Asia beverage and wine coolers market is segmented into Indonesia, Vietnam, Philippines, and Cambodia.
Key features of the study:
Detailed Segmentation:
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Browse all the market data tables and figures on ‘South East Asia Beverage and Wine Coolers
Market analysis - Forecast to 2027’
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