Portable mini fridge market is expected to reach USD 1748.9 million by 2025

The global portable mini fridge market size is estimated to reach USD 1748.9 million in 2025, growing at a CAGR of 5 percent through 2019-2025, according to Allied Market Research. The 45 cu. ft. segment dominated the global portable mini fridge market in 2018 and is expected to maintain dominance. Portable mini fridge is a compact fridge with an augmented feature of portability, which is used for cooling food and drinks. Therefore, it is an ideal option for micro homes and RV (recreational vehicles) as it does not occupy a lot of space compared to the traditional counterpart. Mini fridges are widely used across different hospitals and clinics to keep drugs under a certain temperature.

Key trends

  • Based on type, the 45 cu. ft. segment was the highest contributor to the portable mini fridge market in terms of value in 2018, and is expected to grow at a CAGR of 5.1 percent from 2018 to 2025.
  • Based on application, the commercial use segment was the highest contributor to the portable mini fridge market in terms of value in 2017, and is estimated to grow at a CAGR of 4.7 percent from 2018 to 2025.
  • Based on type, the 22.9 cu. ft. portable mini fridge segment is expected to grow at the highest CAGR of 5.4 percent from 2018 to 2025.
  • Based on application, the home-use segment accounted for approximately one-fifth of the share in the portable mini fridge market in 2017, and is estimated to grow at a CAGR of 6.2 percent.
  • Based on type, the 33.9 cu. ft. segment accounted for more than three-tenths of the share in the portable mini fridge market in 2017, and is anticipated to grow at a higher CAGR of 4.8 percent.

In terms of value, Asia-Pacific and LAMEA collectively contributed around half of the global market share in the portable mini fridge market in 2017. The key global players in the segment include ARB, Danby, Dometic Group AB, EdgeStar (Living Direct, Inc.), Engel Australia Pty Ltd., Haier Inc., and Koola.

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