United States Refrigeration Appliances Market 2022-2028

United States Refrigeration Appliances Market 2022-2028

MARKET OUTLOOK

The refrigeration appliances market in the United States is anticipated to grow at a CAGR of 8.45% (by revenue) over the forecast duration 2022-2028. Also, the market (in terms of category) is anticipated to develop at a CAGR of 5.11% (by volume), during this period.

There has been a rise in the demand for refrigeration appliances that meet the requirements of consumers for food storage. According to Voice of the Consumer: Health and Nutrition Survey 2021, 62.4% of Americans wish to improve their diet by eating more fruits and vegetables. Thus, there is an increased preference for appliances with features that effectively store and preserve fresh produce due to larger spaces.

Flexible fridge drawers, such as Samsung's Flex Zone drawer and LG's Full-Convert Drawer, are available options. These drawers have various temperature settings that allow users to transition the mode from freeze to chill, depending on their food storage requirements. The demand for increased food storage is thus expected to have a positive impact on the growth of the refrigeration appliances market in the United States over the forecasted period.

COMPETITIVE OUTLOOK

Some of the notable players operating in the Turkish refrigeration appliances market are Electrolux AB, LG Electronics, Haier Group Corporation, Samsung Electronics Co Ltd, and Whirlpool Corporation.