Small Kitchen Appliances Market Expected to Reach US$ 96 Bn by 2020
The small kitchen appliances market is estimated to be valued at ~US$ 96 Bn in 2020 and projected to reach ~US$ 134 Bn by the end of 2030. If these figures hold true, the market will exhibit a CAGR of 3.4% between 2020 and 2030. Regionally, East Asia continue to be leading markets for small kitchen appliances. However during the forecast period, Latin America is expected to emerge as a more attractive market for small kitchen appliances. In terms of product type, the market can be classified into small cooking appliances, food preparation appliances, and beverage making appliances. Of these, small cooking appliances segment is expected to dominate the global small kitchen appliances market during the forecast. Growing trend of renovation of old conventional kitchens, innovation in product portfolio and growing cooking trend are expected to propel the global small kitchen appliances market during the forecast period.
Key Research Findings
- Small kitchen appliances market is a consumer-driven market. The market primarily dominated by small cooking appliances followed by beverage making appliances
- Rising health issues associated of outside eating, growing cooking trend, frequent innovative product launches and competitive pricing are considered as the major factors to drive the global small kitchen appliances market.
- East Asia is currently dominating the global small kitchen appliances market, followed by Europe. In the coming years, South Asia & Pacific is likely to emerge as most lucrative markets for small kitchen appliances. Surging number of population, especially in India is expected to grow the market to a substantial height.
- Residential sectors is in dominating position in the global small kitchen appliances market however commercial sector is expected to expand at highest CAGR during the forecast owing to increasing number of hotel & restaurants.
- Online platforms will see the highest growth rate during the forecast owing to low price & high product availability, product comparison and door step delivery.
Key Factors Shaping the Small Kitchen Appliances Market
- Rising Trend of Kitchens Renovation to Propel Small Kitchen Appliances Market
Kitchens are one of the most expensive rooms in a house when considering the cost of appliances, countertops, cabinets, and other features. At present, the technology used in the kitchen appliances raises the cost further in the kitchen appliances category. Currently, modern kitchens are open to the living spaces of the home, and customers want this room to appear as centre of attraction for the entire house. This has led consumers to spend more on renovation of their kitchens. Moreover, consumers are using expensive kitchen appliances, which further increases the need for renovation of old kitchen, as they want their kitchens to amplify the expensive feel. The two major trends that have been seen in the recent past in terms of kitchen renovation are renovation of kitchen cabinet and replacement of older small kitchen appliances. Stainless steel kitchen appliances have been using by consumes from the past few years, though consumers are now inclined towards non-stick small kitchen appliances and small automatic kitchen appliances.
- Product Variants & Lucrative Price will Uptick the Sales of Small Kitchen Appliances
Consumer's lower brand loyalty, higher product penetration and increased competition have forced the manufacturers to come up with more variants in small kitchen appliances market. Due to high competition, the manufacturers are bound to introduce new variants which attracts the consumers as they are more inclined towards choices. The companies have shifted their focus from high income group to low and mid income group people. Intense competition and higher demand for economy small kitchen appliances have forced companies to introduce variety of products with competitive pricing. Moreover, advance technology have also helped the manufacturers in reducing the price of small kitchen appliances. The challenge has also come from online giants such as Amazon, Walmart which offer products at low rate.
- Food Preparation Appliances Market will see Robust Growth in Forecast Period, 2020-2030
Food preparation appliances which include food processors, stand mixers, blenders etc. are expected to see an upsurge in sales across the globe. These small kitchen appliances which are used to prepare food prior to cooking or in lieu of cooking, getting traction among consumers owing to growing cooking trend. Growing cooking trend is not only motivated by health & fitness concern but also encouraged by the home food recipes. Health associated risk of outside easting have also fuelled the trend of home cook food. The number of television programs devoted to food & recipe, motivates large number of consumers, especially house wife and elderly persons to try for new recipes which in result, increase the use of food preparation appliances. Moreover, increasing disposable income, appliances that match their lifestyle and frequent & innovative product launches by manufacturers in competitive price range boost the sales of food preparation appliances across the globe.
- COVID-19 Impact on Global Small Kitchen Appliances Market
Covid-19 pandemic which has started from China, now affected more than 210 countries along with 3,442,234 infected people and 239,740 deaths till 5th May, 2020. Social distancing and full or partial lockdown in countries have interrupted business operations, production and supply of goods or raw materials which in resulting to shut down of manufacturing units. The National Association of Manufacturers conducted a survey of its member companies on the impact of the COVID-19 outbreak to manufacturers. The survey was conducted from Feb. 28 to March 9, 2020 on 558 respondents, who have mentioned the crisis will have a financial impact (78.3%), anticipate a change in operational (53.1%), and facing supply chain disruption (35.5%). The sales disruptions also can be seen from demand side. Most of the retail operations are shut down temporarily. Except essential products and services, all businesses are temporarily closed. This has resulted to a lower sales of small kitchen appliances sales in the first quarter of 2020. As per the International Monetary Fund (IMF), the market is expected to recover in 2021. East & South Asia market are expected to recover with higher growth rate as compared to other regions in 2021.
Some of the leading players operating in the Small Kitchen Appliances market are Panasonic Corporation, Groupe SEB, Electrolux AB, BSH Hausgeräte GmbH, Whirlpool Corporation, Haier Group, LG Electronics, Dongbu Daewoo Electronics, Samsung Electronics, Breville, Miele, Koninklijke Philips N.V., Conair Corporation and others.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Value (USD) Bn
Product Type, Price Range, End User, Sales Channel and Region
North America, Latin America, Europe, East Asia, South Asia & Pacific and Middle East & Africa (MEA)
Groupe SEB, Electrolux AB, BSH Hausgeräte GmbH, Whirlpool Corporation, Haier Group, Panasonic Corporation, LG Electronics, Dongbu Daewoo Electronics, Samsung Electronics, Breville, Miele, Koninklijke Philips N.V., Conair Corporation
Revenue forecast, company share, competitive landscape, growth factors, and trends
Small Cooking Appliances Segment Holds Dominance with 63.0% Share in 2020
Small cooking appliances which includes rice cooker, electric griddles, grills, hot plates, roasters, and others are one of the daily use utensils. Thus, a large number of consumers prefer small cooking appliances due to daily cooking activity. Moreover, growing cooking interest among consumers are propelling the demand for small cooking appliances. Growing consumer awareness about product harmful chemical or non-stick coating has also led for stainless steel, ceramic or other cooking pots and small appliances. The availability of product variants and brands have also fuelled the market for higher sales. Due to high competition, manufacturers have to come up with new alternatives that attracts consumers as they are more inclined towards product varieties.
East Asia to Dominate the Global Small Kitchen Appliances Market
Regionally, the global small kitchen appliances market covers North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East and Africa (MEA). Among these regions East Asia holds the largest share in the global small kitchen appliance market. Growing consumer health consciousness related to outside food, cooking trend, product variants & lucrative price, celebrity endorsement, and large number of consumer base in East Asia are the factors propelling the small kitchen appliances market in the region. Europe and North America small kitchen appliances market also hold a significant market share in the global small kitchen appliances market.
Countries in South Asia & Pacific however offers substantial growth opportunities for small kitchen appliances market. India is expected to drive the South Asia & Pacific market owing to country’s growth opportunity, large number of consumer base and high sales of small appliances in the country.
* This data is only a representation. Actual data may vary and will be available in report.
Consumer Inclination towards Technology Led Products & Online Purchases are Driving the Sales
The living standard of consumers has been improving around the world. Automation and technology increases the standard and quality of living as well. It helps companies to produce cost-effective products. Technological advancement not only helps in manufacturing but also helps consumers with greater products that is beneficial for them. The advancement in technology helps manufacturers to bring more effective products & solutions. Smart Cooker which can are used for pressure cooking, slow cooking, searing, sauteing, steaming and other cooking essentials. Multi-layered coating technology is an example for technological advancement and its benefits in the non-stick cookware industry. The consumers are now a days are more informed and well aware about products. Thus, consumers prefer online shopping as it provides them in product comparison, price comparison, door step delivery, product review and easy exchange policy. Consumer’s inclination towards online purchases are increasing and expected to drive the industry during the forecast.
Small cooking appliances segment hold the leading market share
Food preparation appliances segment forecast to growth at significant rate
Residential segment is anticipated to lead the market during the forecast
Commercial segment to expand at significant CAGR during the forecast
Hypermarkets/ Supermarkets will hold a substantial value share in the market
Online Stores Stores are expected to expand at highest CAGR during the forecast
How Growth will Unfold
According to the report, increasing focus on small kitchen appliances which keep the valuable food ingredients intact and growing preference for less oily food are contributing to the build-up of small kitchen appliances market through 2030. An increasing number of television programs on cooking and celebrity endorsements for the same also boost the demand for home food. Product strength and durability, even heat distribution and optional colors are considered as other factors that provide a fillip to the sales of small kitchen appliances in 2020 and beyond. The use of small kitchen appliances will dominate the market however the market is gaining pace owing to the profound growth of the regional end-user ecosystem such as the commercial sector.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Small Kitchen Appliances Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the small kitchen appliances market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of small kitchen appliances market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Global Small Kitchen Appliances Market Taxonomy
The global small kitchen appliances market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Small cooking appliances
- Food preparation appliances
- Beverage making appliances
- Wholesalers/ Distributors
- Hypermarkets/ Supermarkets
- Multi-Brand Stores
- Independent Stores
- Online Stores
- North America
- Latin America
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
The report commences with the executive summary of the small kitchen appliances market, which includes a summary of key findings and key statistics of the market. It also includes market value (US$ million) & volume (Mn Units) estimates of leading segments in the small kitchen appliances market.
Readers can find the detailed taxonomy and definition of the small kitchen appliances market in this chapter, which will help them understand the basic information about the market. This section also highlights the inclusions and exclusions, which helps the reader in understanding the scope of the small kitchen appliances market report.
The report provides key market trends that are expected to impact market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations.
This section provides detailed analysis of the historical small kitchen appliances market volume, along with an opportunity analysis of the future. Readers can also find the incremental opportunity for the current year and absolute $ opportunity for the forecast period (2020-2030).
This chapter highlights the pricing analysis based on product type for base year 2019 and forecast year 2030.
This chapter includes the detailed analysis of the historical small kitchen appliances market value, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year, and an incremental opportunity for the forecast period (2020-2030).
This chapter explains key macroeconomic factors that are expected to influence the growth of the small kitchen appliances market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the market. It also offers key market dynamics of the small kitchen appliances market, which include drivers, restraints, and trends. Moreover, it will help readers understand key trends followed by leading manufacturers in the small kitchen appliances market.
Based on product, the Small Kitchen Appliances market is segmented into small cooking appliances, food preparation appliances, and beverage making appliances. In this chapter, readers can find market attractiveness analysis, based on product types.
This chapter provides various details about the bike shoe market on the basis of price range such as mass & premium. In this chapter, readers can understand the market attractiveness analysis, based on price range.
This chapter provides details about the small kitchen appliances market on the basis of end user, and has been classified into residential & commercial, along with market attractiveness analysis.
This chapter provides details about the small kitchen appliances market on the basis of sales channel, and has been classified into wholesaler/ distributor, hypermarket/ supermarket, multi-brand stores, small independent stores, online and others along with market attractiveness analysis.
This chapter explains how the small kitchen appliances market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia and Pacific, and the Middle East and Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America small kitchen appliances market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type, price range, end user, sales channel, and countries in North America.
This chapter includes a detailed analysis of the growth of the Latin America small kitchen appliances market, along with a country-wise assessment that includes Brazil, Mexico, Argentina, and the rest of Latin America. Readers can also find regional trends, regulations, and market growth based on product type, price range, end user, sales channel, and countries in Latin America.
Important growth prospects of the small kitchen appliances market in several countries, such as Germany, the UK, France, Spain, Italy, BENELUX, Russia, and the rest of Europe, are included in this chapter.
India, Indonesia, Australia, New Zealand and Rest of South Asia & Pacific are leading region in the South Asia & Pacific, which are prime subjects of assessment to obtain growth prospects of the market. Readers can also find detailed information about growth parameters of the South Asia & Pacific small kitchen appliances market during the forecast period.
This chapter highlights the growth of the small kitchen appliances market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers in understanding key factors that are responsible for the growth of the small kitchen appliances market in East Asia.
This chapter provides information about how the small kitchen appliances market will grow in major countries of the MEA region, such as GCC Countries, Turkey, Israel, South Africa, and the rest of MEA, during the forecast period.
This chapter provides information market analysis of companies, market concentration of companies, market share of top players and their presence.
In this chapter, readers can find a comprehensive list of all leading stakeholders in the small kitchen appliances market, along with detailed information about each company, which include the company overview, revenue shares, strategic overview, and recent company developments. Some market players featured in the report are Groupe SEB, Electrolux AB, BSH Hausgeräte GmbH, Whirlpool Corporation, Haier Group, Panasonic Corporation, LG Electronics, Dongbu Daewoo Electronics, Samsung Electronics, Breville, Miele, Koninklijke Philips N.V., Conair Corporation and others.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the small kitchen appliances market.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the small kitchen appliances report. This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the small kitchen appliances market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End User
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Association of Home Appliance Manufacturers
- Consumer Home - Association of Home Appliance
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits