Household Cooking Appliances Market, By Product Type (Conventional, Microwave, Combination), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jul 2023

Code : CMI4601

Pages :110

Formats :

Excel and PDF

Industry : Consumer Goods

Household Cooking Appliances MarketSize and Trends

The global household cooking appliances market is projected to reach around US$ 126.54 Billion by the end of 2030, in terms of revenue, growing at CAGR of 5.5% during the forecast period (2023-2030).

Figure 1. Global Household Cooking Appliances Market Share (%) in terms of Value, By Region, in 2022

Figure 2. Global Household Cooking Appliances Market Share (%) in terms of Value, By Product Type, in 2022

Market Trends-

Modern food consumption is one of the current trends in the market. Modern cooking require baking, grilled, and reheating, which is driving the demand for advanced cooking appliances such as microwaves. Less time spent in microwaves and reduce the energy cost is one of the other major factors driving demand for household cooking appliances.

Strategic partnerships and agreements among the key players for market expansion on the regional as well as the global levels are popular market trends.