Food Delivery Is Fastest Growing Segment Fueling The Growth Of The Global Foam Cooler Box Market

 


The global Foam Cooler Box Market is estimated to be valued at US$ 2.93 Billion in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Foam cooler boxes are portable insulated boxes made from rigid foam insulation and designed to keep perishable foods and drinks cool without electricity for extended periods. These foam coolers are lightweight, durable, and convenient for keeping food and beverages chilled during activities such as camping, picnics, sports games, and food delivery.

Market key trends:
The foam cooler box market is witnessing high growth due to increasing demand from the food delivery sector. With the rising popularity of food delivery apps and online food ordering platforms, foam cooler boxes are increasingly being used for delivery of hot or chilled food items. Their compact and portable size along with insulation properties make them suitable for transporting food without compromising on quality or temperature. The growth in online food business and increasing number of food joint outlets are fueling the demand for foam cooler boxes in the food delivery sector.
Segment Analysis
The global foam cooler box market is segmented on the basis of product type, distribution channels, and region. Based on product type, the market is segmented into disposable foam cooler and reusable foam cooler. The reusable foam cooler segment is expected to dominate the market during the forecast period. Reusable foam coolers offer better insulation and are more durable as compared to disposable foam coolers, which makes them a preferred choice among consumers.

Key Takeaways
The global foam cooler box market is expected to witness high growth, exhibiting a CAGR of 8.6% over the forecast period, due to increasing demand for eco-friendly and insulating cooler boxes for camping, picnics, parties and other outdoor activities.

Regional analysis - North America region is expected to dominate the global foam cooler box market owing to high demand for cooler boxes from end-use industries such as food & beverage industry in the region. Asia Pacific region is anticipated to exhibit the fastest growth in the foam cooler box market over the forecast period due to rising disposable income of consumers and increasing outdoor recreational activities in emerging economies like China and India.

Key players - Key players operating in the foam cooler box market are Yeti, Igloo, Coleman, Rubbermaid, Grizzly, Engel, Bison Coolers, ORCA, Pelican, Polar Bear Coolers, AO Coolers, Kula Coolers, IceMule, RTIC, Canyon Coolers, OtterBox, Kysek, Magellan Outdoors, Everest, and Stanley.

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