Wine Cooler Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 - 2029
Wine cooler market is projected to grow at a promising pace with a healthy CAGR of 5.6% through the course of forecast period (2019-2029). The market will garner prominence on the back of heightened demand in hospitality, and food & beverages industries. Moreover, increased product launches owing to technological innovations is driving the market growth, finds a new Future Market Insights (FMI) report. Attributes such as enhanced functionality and aesthetic appeal have contributed to the growth of wine cooler market. Internet of Things will play a pivotal role in product development through the projected period. Moreover, manufacturers continue to launch eco-friendly wine coolers to reinforce their sustainable practices . Key Takeaways of Wine Cooler Market Study Food & beverages industry continues to generate substantial demand for wine coolers, with hospitality closing in. Europe and North America collectively occupy approximately 66% of revenue share. Consumers ...