Small Kitchen Appliances Industry Overview
The global small kitchen appliances market size was valued at USD 16.66 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2028.
This can be credited to the growing demand for electric deep fryers from the consumers of China and India. The increasing demand for double-decker electric egg cookers is enhancing the sales of small kitchen appliances. Moreover, the rising popularity of anti-overflow waffle makers is further anticipated to boost the market growth during the forecast period. In 2020, the worldwide small kitchen appliance market was severely impacted by the COVID-19 pandemic. The non-essential business sector witnessed a severe hit in the aftermath of the pandemic. The supply chain of the kitchen appliances market had been slightly hampered during the financial year 2019-2020. The distribution channels such as offline stores were mildly hindered during this period. In the COVID-19 pandemic, the demand for small kitchen appliances products has been augmented, due to the growing demand for juicers and food processors.
Gather more insights about the market drivers, restrains and growth of the Global Small Kitchen Appliances Market
Growing investments from the U.S.-based small kitchen appliances firms such as Hamilton Beach and Chefman to procure waffle makers, and hard-boiled & soft-boiled egg cookers are refueling the market growth. Major players are procuring vertical cutters & blenders powered by energy-efficient food processors. The rapidly growing demand for Belgian waffle bakers from European consumers is driving the industry growth. At present, key players are focusing on launching technologically advanced small kitchen appliances products with maximum torque capability. Hence, the market for small kitchen appliances is expected to witness significant growth during the forecast period.
The growing acceptance of smooth and delicious blended drinks products is expected to aid the sales of small appliances. Moreover, the growing awareness in North America to consume healthy fruit juices is anticipated to boost the juicer demand. Rising demand to integrate smart features like the patented wave action blenders with lower cost are the upcoming opportunities for the market. However, the growing preference for low energy-efficient devices is hindering market growth.
Consumers are giving more preference to consuming healthy fruit juices. Egg cookers had gained sizeable traction during the COVID-19 era to fulfill the demand for protein, vitamins, and minerals. The key players in the market are evaluating the electronic traded platform to boost the sales of kitchen appliances. This e-business methodology is mounting the scalable prospect for the small kitchen appliances business, which in turn will propel the market growth.
The technological advancements in the consumer appliances industry are further projected to offer significant growth opportunities to the market. Advancements such as the introduction of smart coffee makers, air fryers, induction cooktops, and others are boosting the adoption of small kitchen appliances across the globe. Along with that, the significant growth in the consumer electronics industry in emerging economies such as China, India, and others is further projected to provide significant growth in the near future.
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- Consumer Electronics Market – The industry has evolved significantly over the last few years owing to several new technological developments. Technological proliferation and the emergence of smart devices is expected to be the key factor driving growth over the next six years. However, growing adoption of tablets has led to decline in sales of traditional desktop PCs and laptops, which is expected to pose a challenge to growth.
- Kitchen Appliances Market – The global kitchen appliances market size was valued at over USD 170 billion in 2014. Cost-effective and energy efficient products are expected to gain revenue share over the next seven years owing to increasing government focus to curb energy consumption.
Small Kitchen Appliances Market Segmentation
Grand View Research has segmented the global small kitchen appliances market on the basis of type, distribution channel, and region:
Small Kitchen Appliances Type Outlook (Revenue, USD Million, 2017 – 2028)
- Waffle irons
- Blenders, mixers, food processors
- Deep fryers
- Egg cookers
Small Kitchen Appliances Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
Small Kitchen Appliances Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
Key Companies profiled:
Some prominent players in the global small kitchen appliances market include
- Morphy Richards
- Koninklijke Philips N.V.
- Robert Bosch GmbH
- Electrolux AB
- Haier, lnc.
- Breville Group
- Nemco Food Equipment
- Hamilton Beach
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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