Increase in working class population paired with rise in consumption of fast food have led to the growing health concerns among customers

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, UNITED STATE, February 16, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research titled, “Kitchen Appliances Market by Product Type, User Application, Fuel Type, Product Structure and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,”the Kitchen Appliances market size was valued at $237.30Billion in 2019 and is expected to reach $377.70Billion by 2027, registering a CAGR of 6.0% from 2020 to 2027.

In the recent past, kitchen appliances sector has been enduring with some influential trends, which has successfully gained the attention of the target customer. Improvised aesthetic trend is one of those influential factors that help drive the demand for kitchen appliance products. Black turns out to be the most preferred color among the customers even when it comes to buying any kind of kitchen appliance. Taking this view into consideration, some of the key manufacturers in the global kitchen appliances market have been adopting several key product strategies. For instance, Whirlpool Corporation one of the key players in the global kitchen appliances market strategize on coming up with majority of its appliances in black stainless with rich matte look making it attractive and alluring for its customers.

Ask for sample copy of this report :- https://www.alliedmarketresearch.com/request-sample/648

The global home appliances was valued at US$501.3 billion in 2017 and is expected to register a CAGR of 5.4% during the forecast period. Continuous evolution and improvisation of product offerings facilitated by manufacturers, has been one of the key reasons behind the overall kitchen appliances market growth in terms of value sales. Kitchen appliances sector is considered to be one of the major sectors that plays an important role in driving the growth of global home appliances market. Refrigerator, cooking appliance, dishwasher are some of the main types of kitchen appliances.
Increase in working class population paired with rise in consumption of fast food have led to the growing health concerns among customers. Over the past couple of years, there has been a rise in awareness about the health benefits associated with the consumption of home cooked food among the target customers. Hence majority of health conscious customers prefer home cooked food that contain less content of fat or oil. This has triggered demand for different types of kitchen appliances that help in cooking food as per the customers’ preference. Philip’s air fryer is one such appliance that prepares fried food, with 80% less fat. Therefore, health conscious consumers are opting for such appliances, even though they are high priced, thereby fostering the growth of the kitchen appliances market.

Get detailed COVID-19 impact analysis@ Request For Customization >>> https://www.alliedmarketresearch.com/request-for-customization/648?reqfor=covid

Wearable products or connected products have been gaining higher rate of traction among the target customers year over the past couple of years. Product features and specifications that facilitate flexibility and convenience, help drive the demand for connected products among the target customers. Taking this customer perception into account, some of the key players in the global kitchen appliances market have been coming up with smart kitchen appliances in the global market. In 2020, Samsung Electronics launched a new line smart refrigerator under the brand name of Family Hub refrigerator that provide intelligent features facilitating automated meal planning and other daily tasks and deliver a more personalized experience.

Buy Now :- https://www.alliedmarketresearch.com/checkout-final/30734771fece7be218616141514162b1

Key Findings of the Study
In 2019, based on product type, the refrigerator segment accounted for around higher Kitchen Appliances market share, growing at a CAGR of 5.60% from 2020 to 2027.

In 2019, based on user application, the household segment accounted for higher share of the Kitchen Appliances market.

In 2019, based on region, North America accounted for a prominent kitchen appliances market share.

Key companies profiled in kitchen appliances industry includes Electrolux, Whirlpool, Samsung, Philips, Morphy Richard, Dacor, General Electric (GE), Life is Good (LG), Haier, Panasonic, and others.

similar Report :-
Home Decor Market
Furniture Market

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.