According to the latest report by IMARC Group, “Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, offers a comprehensive analysis of the industry, which comprises insights on the global kitchen appliances industry. The global kitchen appliances market is expected to exhibit a CAGR of 4.3% during 2022-2027.
Kitchen appliances represent devices and instruments used for efficiently performing kitchen activities. They operate by electricity or gas and are mainly utilized for cooking, storage, and cleaning purposes in the kitchen. In line with this, these appliances are available in a wide array of colors, materials, styles, sizes, mechanisms, etc., and include devices, including ovens, refrigerators, stoves, blenders, dishwashers, etc., which aid users in saving time, costs, and energy while cooking.
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Market Trends
The growing demand for technologically advanced and modern devices that make cooking and storing food more efficient and convenient is primarily augmenting the kitchen appliances market. Furthermore, the rising health consciousness, especially among the millennial population, is stimulating the adoption of healthy eating and cooking habits, which is bolstering the market growth. Apart from this, the increasing utilization of smart kitchen appliances that can be connected to wireless, Internet, or Bluetooth-based instruments and remotely controlled via a smartphone is acting as another significant growth-inducing factor. Moreover, the inflating need for appliances that allow oil-free cooking and retention of numerous heat-sensitive nutrients is further catalyzing the global market. Besides this, the introduction of modular and energy-efficient kitchen equipment, such as speed cooking ovens, induction cooktops, warming drawers, etc., with energy-rating labels by leading manufacturers to address the issue of high electricity consumption is positively influencing the global market. Additionally, the expanding e-commerce sector, improving living standards of individuals, and the development of Wi-Fi-connected variants are expected to fuel the kitchen appliances market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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