Increasing Processed Food Consumption Drives Refrigerators Market Growth At A Rate Of Over 7%

Refrigerators Market Report 2021 - COVID-19 Impact and Recovery

Refrigerators Global Market Report 2021 – COVID-19 Impact and Recovery

Refrigerators Market Report

Refrigerators Global Market Report

The Business Research Company’s Refrigerators Global Market Report 2021 – COVID-19 Impact and Recovery

LONDON, GREATER LONDON, UK, October 11, 2021 /EINPresswire.com/ — The increasing consumption of processed food products such as frozen meat, vegetables, dairy products as well as change in the dietary habits of consumers is driving the refrigerators market growth. Due to busy lifestyles, consumers are increasingly relying on processed food, prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the refrigerators market.

Global refrigerators market is expected to grow from $31.61 billion in 2020 to $34.00 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The refrigerators market is expected to reach $44.26 billion in 2025 at a CAGR of 7%.

Read More On The Global Refrigerators Market Report:
https://www.thebusinessresearchcompany.com/report/refrigerators-global-market-report

Refrigerators manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators, adjust and monitor the temperature as per requirement.

Major players covered in the global refrigerators market are Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Hitachi, Bosch, Hisense, Sharp, Siemens, TCL, Kinghome, Midea, Panasonic, Meiling, DIQUA, Frestec, Casarte, Homa, LittleSwan, Konka, Toshiba, Arçelik, Godrej, Mitsubishi Electric, Panasonic.

TBRC’s global refrigerator market report is segmented by type into single-door, double-door, French-door, others, by distribution channel into specialty retailers, department stores, mass retailers/hypermarkets/supermarkets, discount stores, online, by application into household, commercial use, industrial use, by freezer location into freezer-on-top, freezer-on-bottom, freezer-less.

Refrigerators Global Market Report 2021 – By Type (Single-Door, Double-Door, French-Door), By Distribution Channel (Specialty Retailers, Department Stores, Mass Retailers/Hypermarkets/Supermarkets, Discount Stores, Online), By Application (Household, Commercial Use, Industrial Use), By Freezer Location (Freezer-on-Top, Freezer-on-Bottom, Freezer-Less). COVID-19 Impact and Recovery is one of a series of new reports from The Business Research Company that provides refrigerators market overview, forecast refrigerators market size and growth for the whole market, refrigerators market segments, and geographies, refrigerators market trends, refrigerators market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Refrigerators Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3822&type=smp

Here Is A List Of Similar Reports By The Business Research Company:

Electronic Products Market 2021 – By Type (Audio and Video Equipment And Semiconductor And Other Electronic Components), By End-Use (Business To Business (B2B) And Business To Customer (B2C)), By Sales Channel (OEM and Aftermarket), By Mode Of Sale (Offline and Online), And By Region, Opportunities And Strategies – Global Forecast To 2030
https://www.thebusinessresearchcompany.com/report/electronic-products-market

Household Refrigerators And Home Freezers Global Market Report 2020 – By Type (Refrigerators, Freezers, Ice Boxes, Refrigerator/freezer Combinations), By Refrigerator Door Type (Single Door, Double Door, Side by Side Door, French Door), By Freezer Location (Freezer On Top, Freezer On Bottom, Freezer Less), By Application (Frozen Vegetable And Fruit, Frozen Meat), By Distribution Channel (Specialty Stores, Supermarkets/hypermarkets, Online)
https://www.thebusinessresearchcompany.com/report/household-refrigerators-and-home-freezers-global-market-report

Household Appliances Manufacturing Market – By Type Of Appliance (Small Electrical Appliances, Household Cooking Appliances, Household Refrigerators And Home Freezers, Household Laundry Equipment And Other Major Household Appliances), By Distribution, By End Customers, And By Region, Opportunities And Strategies – Global Forecast To 2023
https://www.thebusinessresearchcompany.com/report/household-appliances-market

Interested to know more about The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Or get a quick glimpse of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published.