Refrigerator Water Filter Market

Refrigerator Water Filter Market Overview (2022 to 2032)

The global refrigerator water filter market is estimated at USD 1,114 Million in 2022 and is expected to record a CAGR of 6% during the forecast period from 2022 to 2032. The market is projected to reach USD 1,995 Million by 2032. The increasing demand for water and waste treatment from industries such as chemical, pharmaceuticals, and food beverages is expected to spike the market growth graph significantly during the forecast period.

Report Attribute	Details
Expected Market Value (2022)	USD 1,114 Million
Anticipated Forecast Value (2032)	USD 1,995 Million
Projected Growth Rate (2022 to 2032)	6% CAGR

Refrigerator water filters eliminate the pollutants and other particulates from the water that goes through the refrigerator’s water and ice dispenser. Most of the refrigerators use a slender, long filter cartridge in the base of the fridge, near the grille. The majority of refrigerator filters have at least an NSF 42 certification, which means, the removal of chlorine from water. It helps in improving water’s taste and smell. The efficiency of the refrigerator filter is observed by the amount of time the water is in contact with the carbon. The device works efficiently when handled well and replaced regularly.

However, various contaminations such as; lead and chromium-6 are two of the most common pollutants on that list. There still exist some places in the USA with lead contamination. More than 30 million Americans fall sick on annual basis after drinking contaminated water, reveals the Centers for Disease Control and Prevention (CDCP).

Activated Carbon is used as the filtration medium in most of the built-in refrigerator filters. Such filters cause pollutants to stick to the filtration medium, a process called adsorption. Since activated carbon has many nooks and crannies, it has a wide surface area for adsorption.

What Factors are boosting the Global Refrigerator Water Filter Market Demand?

Rising water contamination has generated a significant demand for refrigerator filters. It has been concluded that rapid urbanization has brought a negative impact on water quality, diminishing it. Therefore, the market has witnessed a significant rise in the demand for equipment within the domestic sector. Further, the increasing expenditure on personal healthcare is likely to play an important role in driving the market during the forecast period.

In addition, the growing demand for new installations and retrofitting with the rising need for developed features are predicted to augment the industry significantly. Moreover, the technological development and the launch of new products in the market are expected to offer significant opportunities for expansion to the key players during the forecast period.

The cost of the disposable water bottle can be an expensive affair for daily purposes, besides it has a certain environmental impact which is expected to spawn the need for adopting green methods and bolster the market. Moreover, the increasing popularity of modular kitchen and home improvement is expected to propel the sales of refrigerator water filters in the coming time.

What are the Factors Hampering Refrigerator Water Filter Market Expansion?

Inconsistent regulatory standards associated with water filter manufacturing are likely to pose a significant challenge to the market. Water filters are monitored by any health commission or department, which highlights the variable effectiveness of water filters among several manufacturers operating in the market. The testing is voluntary and there are no mandate rules and regulations regarding the installation and usage of water filters that create uncertainty in the industry.

The high prices of these refrigerators are likely to hamper the market growth in the forecast period. Further, the lack of awareness in various countries is likely to inhibit the market expansion in the coming time. Also, the outbreak of the pandemic hindered the manufacturing and supply chain, slowing down the market pace.

What are the Growth Prospects in Asia Pacific for Refrigerator Water Filters?

Asia Pacific is anticipated to secure the largest market share during the forecast period. The growth of the regional market can be attributed to the increasing income and the rising purchasing power, and growing brand consciousness among the masses. Further, the growing demand for point-of-entry water filters is also expected to drive the global sales of water filters. The region comprises a large consumer base, strengthening the regional market during the forecast period.

Changing customer behavior and the growing omnichannel point of distribution are projected to boost the market in the region. The presence of developing countries such as India, China, and Japan is likely to act as an asset to the industry. The increasing disposable income, the rapid expansion of the food and beverage sector, and the growing awareness among the masses are predicted to augment the market in the forecast period.

How is North America Contributing to Expansion of the Refrigerator Water Filter Market?

FMI expects that North America is expected to make a considerable contribution in strengthening the market for refrigerator water filters. The increasing demand for advanced refrigerator water filters is projected to augment the market size notably in the forecast period. Developed countries of the regions like the USA, Canada are likely to hold significant opportunities for expansion. The launch of new products, increasing competition, and the growing expenditure on personal healthcare are predicted to bolster the regional market.

The growing awareness and the increasing media coverage on drinking water contamination, and related outbreaks are expected to offer significant opportunities to the players of the market in the coming time. Further, the ongoing R&D by the vendors to reduce the water wastage to zero and remove the need for electricity in the process can additionally propel the industry growth in the region.

Market Competition

The global refrigerator water filter market is highly competitive. The eminent players of the industry comprise Swift Green Filters, HDX, EveryDrop, LG Electronics, Samsung, Whirlpool, Frigidaire, GE, HYDRONIX, EZ-FLO, Electrolux, EcoPure, Viking, Kenmore and Kitchenaid among others.

Scope Report

Report Attribute	Details
Growth Rate	CAGR of 6% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Type, Application, Distribution Channel, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Swift Green Filters; EcoPure; Kenmore; Viking; EZ-FLO; GE; Samsung; Whirlpool; Frigidaire; Kitchenaid
Customization	Available Upon Request

Key Segments Profiled in the Global Refrigerator Water Filter Market

Type:

• Carbon Block Refrigerator Water Filters
• Reverse Osmosis (RO) Refrigerator Water Filters
• Granular Activated Carbon (GAC) Refrigerator Water Filters

Application:

• Commercial Refrigerator Water Filters
• Residential Refrigerator Water Filters

Distribution Channel:

• Indirect Refrigerator Water Filters Sales
• Direct Refrigerator Water Filters Sales

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

Frequently Asked Questions

What is the anticipated growth of the Global Refrigerator Water Filter Market until 2032?

The global refrigerator water filter market is expected to grow at a CAGR of 6% during the forecast period from 2022 to 2032.

Which region is forecascrative for Global Refrigerator Water Filter Market growth?

APAC is predicted to be the most lucrative market owing to the increasing disposable income of developing countries.

Which are some prominent Global Refrigerator Water Filter Market manufacturers?

Swift Green Filters, EcoPure, Kenmore, Viking, EZ-FLO, GE, Samsung, Whirlpool, Frigidaire, Kitchenaid, among others are some of the players in the market.