U.S. Wine Cooler Market To witness Huge Expansion By 2030
U.S. Wine Cooler Industry
The U.S. wine cooler market size is anticipated to reach USD 481.7 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2030. The increasing adoption of wine coolers can be largely attributed to the rising consumption of wine in American households. As more consumers are opting to store wine at home, wine coolers are becoming an essential household appliance.
The growing number of millennials, defined as individuals born between 1982 and 2004, reaching the legal drinking age is another factor supporting market growth. Furthermore, the increasing number of food service establishments such as hotels, restaurants, nightclubs, bars, and cafes that serve wine and other beverages has further contributed to the rise in product demand across the United States.
The specialty stores and homecare shops distribution channel segment accounted for the largest share of 38.1% in 2020 and is expected to continue growing at a significant CAGR during the forecast period. The growth of this segment is primarily driven by the high quality of products and the enhanced consumer experience provided by these stores. Meanwhile, the online distribution segment is projected to record the fastest CAGR from 2021 to 2028. Factors contributing to the growth of the online segment include the influence of social media, the increasing popularity of e-commerce platforms, the widespread use of smartphones, and advancements in transformative technologies.
In terms of pricing, the category between USD 500 to USD 1,500 features a wide range of wine coolers. This price range includes freestanding units with high storage capacity as well as built-in wine cooler units with moderate capacity. Additionally, there is a growing demand for wine fridges priced under USD 500, particularly from the residential sector, which is expected to drive the fastest growth within this price range during the forecast years. The United States continues to be the largest consumer of wine and the fourth-largest wine producer globally, further supporting the expansion of the wine cooler market in the coming years.
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U.S. Wine Cooler Market Segments Highlights:
U.S. Wine Cooler Market Report Segmentation
Grand view research has segmented the U.S. wine cooler industry report based on product, type, price range, distribution channel, end-use, and region:
U.S. Wine Cooler Product Outlook (Revenue, USD Million, 2018 - 2030)
U.S. Wine Cooler Type Outlook (Revenue, USD Million, 2018 - 2030)
U.S. Wine Cooler Price Range Outlook (Revenue, USD Million, 2018 - 2030)
U.S. Wine Cooler Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
U.S. Wine Cooler End Use Outlook (Revenue, USD Million, 2018 - 2030)
Key U.S. Wine Cooler Company Insights
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