A report published by Allied Market Research has highlighted that the global kitchen appliances market is expected to see good growth during the forecast period, 2020-27. It is found that the kitchen appliances market size stood at $237.3 Billion in 2019 and it is expected to reach $377.70 Billion by 2027, with a CAGR of 6% during 2020-27.
Many reasons are expected to contribute to the growth in this sector in the coming years. And it is noted that a lot of people are preferring to use electric kitchen appliances in cooking on a daily basis. The very first reason for the estimated growth in the global kitchen appliances market is the growing urbanization worldwide. It is observed that more and more people are adopting new ways of cooking to prepare their favorite dishes in less amount of time.
The sole purpose of kitchen appliances is to allow every person to enjoy smooth and easy cooking in their daily life. It is observed that the use of electric kitchen appliances is rising at a global level as their use helps to save a lot of time while cooking. The use of kitchen appliances is not just limited to cooking as they are also being used for storage and cleaning purposes.
These days, kitchen appliances are being operated with cooking fuel, renewable energy, and solar energy to help save energy as well as limit environmental pollution. The use of a stove, refrigerator, a single serve blender, coffee maker, and food processor, is being made by people to prepare as well as store their food in a daily routine.
During the coronavirus lockdown period, a lot of youngsters are investing their time in cooking their favorite dishes to spend their time and eat healthy food. Hence, they are making use of different kitchen appliances in order to cook their food at the earliest. It has allowed them to enjoy eating their favorite food without making much efforts.
The growth of the food-service industry is also a leading factor that has increased the demand for kitchen appliances at a global level. Food-service units do not just make use of different kitchen appliances to prepare different food items at a fast speed but they also use these devices to store their food to keep in an optimal state for a long-time.
Due to the availability of different innovative food items, it is easy for every fitness enthusiast to prepare his meal in a less amount of time. It allows him to focus on his workout and drink healthy items after doing exercise. The availability of highly upgraded products has made it possible for every person to make use of different products to enjoy healthy food in less amount of time.
Many kitchen appliances manufacturers and suppliers are making use of digital marketing techniques in order to spread the word about their products to their target audience. It is helping them reach their clients with ease and market their products effectively. The availability of smart kitchen appliances is also a major reason for the high demand of kitchen appliances in different corners of the world.