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Small Kitchen Appliances Market Trends

Report ID: GMI6694 Published Date: February 2024Report Format: PDF
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Small Kitchen Appliances Market Trends

The small kitchen appliances market is witnessing the adoption of technology in kitchen appliances.  These appliances called smart appliances that can be controlled via smartphones are gaining immense popularity. With Wi-Fi connectivity, these appliances become part of the Internet of Things (IoT). Currently, consumers are looking for appliances that offer flexibility and are energy efficient. Brands are responding to this demand by using eco-friendly materials and energy-saving features in their products. The market is also witnessing an increase in health and wellness factors among consumers. The COVID-19 pandemic accelerated the importance of home-cooked meals due to the availability of easy home-cooking recipes as well as health & fitness concerns. The health risks linked with eating outside have further fueled the popularity of home-cooked meals. Thus, the demand for food preparation appliances is expected to rise over the forecast period. Many small kitchen appliance manufacturers offer customization options, allowing consumers to choose features, colors, and designs that match their personal preferences. This level of personalization helps individuals create a kitchen environment that suits their style. Premium brands such as Vitamix and Staub cater to this high-end segment, while Anova Culinary and Joule focus on users looking for specific dietary preferences.

Author: Avinash Singh, Sunita Singh
Frequently Asked Question(FAQ) :

How will residential application influence the small kitchen appliances industry?+

The residential segment held a notable market share in 2022 and will record around 60-70% share by 2032, as small kitchen appliances are compact, affordable, and take less counter & storage space.

How big is the global small kitchen appliances market?+

The market size for small kitchen appliances was valued at USD 130 billion in 2023 and is anticipated to register at a CAGR of over 4.7% between 2024 and 2032, favored by the increasing disposable incomes and changing lifestyles.

What is the size of North America small kitchen appliances market?+

North America industry size small kitchen appliances accounted for USD 39 billion in 2023 and is expected grow significantly through 2032, primarily due to the remarkable technological innovations the enable integration of smart technology into kitchen appliances.

Which companies define the competitive landscape of small kitchen appliances industry?+

BSH Hausgerate GmbH, Panasonic, Whirlpool Corporation, Electrolux AB, Koninklijke Philips N.V., Dongbu Daewoo Electronics, and DeLonghi Group.

Small Kitchen Appliances Market Scope

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