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Kitchen Small Electronic Appliances Market Trends

  • Report ID: GMI12027
  • Published Date: Oct 2024
  • Report Format: PDF

Cooking Appliances Market Trends

As consumers lead increasingly busy lifestyles, the demand for appliances that simplify meal preparation is rising. Products such as food processors, blenders, and multi-cookers are popular for their time-saving capabilities. The U.S. Department of Agriculture reports that 60% of American households now prioritize convenience in meal preparation, further driving this trend. With rising health awareness, consumers are seeking appliances that support healthy cooking methods, such as air fryers, steamers, and juicers. The Centers for Disease Control and Prevention (CDC) notes that 42% of adults in the United States are actively trying to incorporate healthier eating habits, which is influencing their purchasing decisions.
 

Brands are increasingly selling directly to consumers through their websites, providing competitive pricing and exclusive products. Manufacturers are constantly innovating to introduce new products that combine multiple functions, such as multi-cookers that can pressure cook, slow cook, and sauté, appealing to consumers seeking versatility.
 

The kitchen small electronic appliances market is highly competitive, with numerous brands competing for consumer attention. This saturation often results in price wars and reduced profit margins, making sustainable growth challenging for companies. The rise of startups and niche brands introducing innovative products disrupts established players by targeting specific consumer needs, thereby intensifying competition and challenging brand loyalty.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The kitchen small electronic appliances industry was valued at USD 76.1 billion in 2023 and is estimated to grow at a 5.1% CAGR from 2024 to 2032, driven by technological advancements and shifting consumer behaviors.

The residential segment held around 74% of the total market share in 2023 and is anticipated to grow at a CAGR of 5.2% during the forecast period, fueled by the trend of cooking as a leisure activity.

U.S. dominates with an overall market share of around 80% in the North America market, driven by the adoption of smart kitchen appliances integrated with IoT and AI.

Key players in the sector include Bajaj Electricals Ltd., Breville, Daewoo Electronics, Electrolux AB, Haier Group Corporation, Havells India Ltd., Koninklijke Philips N.V., LG Corporation, Morphy Richards, Panasonic Group, and Robert Bosch GmbH.

Kitchen Small Electronic Appliances Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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