The global kitchen hood market is expected to witness a market value of USD 12.0 billion in 2023 and is expected to accumulate a market value of USD 18.8 billion by registering a CAGR of 4.5% in the forecast period 2023 to 2033. The Kitchen Hood market registered a CAGR of 2.2% in the historical period 2018 to 2022. Factors such as changing consumer behavior, and technological advancements, are expected to boost the market growth over the analysis period.
Data Points | Key Statistics |
---|---|
Expected Market Value in 2023 | USD 12.0 billion |
Projected Market Value in 2033 | USD 18.8 billion |
Growth Rate (2023 to 2033) | 4.5% CAGR |
One of the primary factors contributing to the growth of the Kitchen Hood market is the growing awareness of kitchen hygiene and safety. With the rise in the number of foodborne illnesses and kitchen-related accidents, there has been an increased awareness about the importance of kitchen hygiene and safety. Kitchen hoods play a vital role in maintaining a clean and healthy cooking environment by removing smoke, steam, and odors, which can lead to respiratory problems.
Additionally, increasing demand for energy-efficient kitchen appliances is another major factor that is expected to boost market growth in the near future. As consumers become more environmentally conscious, there has been a growing demand for energy-efficient kitchen appliances. Kitchen hoods with energy-efficient features, such as LED lighting and variable speed fans, are gaining popularity among consumers, which is expected to fuel the market growth in the forthcoming years.
With the rise in urbanization and changing lifestyles, the demand for modern and stylish kitchen appliances is increasing. Kitchen hoods are available in a variety of designs, materials, and colors to match the décor of modern kitchens, which is anticipated to propel the market growth in the coming years.
The kitchen hood market is witnessing technological advancements, such as the integration of sensors and smart controls, which allow consumers to control the speed and lighting of the hood using their smartphones or voice commands. This is projected to augment the market growth during the forecast period.
The increasing demand for commercial kitchens, particularly in the hospitality and food service industries, is expected to drive the growth of the kitchen hood market. Commercial kitchen hoods are designed to handle high-volume cooking and are equipped with powerful fans and filtration systems to remove smoke, grease, and odors.
On the regional end, the Kitchen Hood market in North America is expected to account for the maximum share during the analysis period. Factors such as the increasing number of residential and commercial construction projects, rising awareness about kitchen hygiene, as well as growing consumer interest in kitchen aesthetics, are anticipated to escalate the regional market growth.
On the other hand, the Kitchen Hood Market in the Asia Pacific is witnessing significant growth in recent years. The regional market growth is driven by factors such as the increasing demand for advanced kitchen appliances, rising disposable income, growing urbanization, as well as increasing awareness about kitchen hygiene.
Recent developments in technology, mergers, and acquisitions, and partnerships within the companies involved in the manufacturing of Kitchen Hood are expected to create lucrative opportunities for market growth over the analysis period. For instance,
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Ventilation is a prime aspect of the kitchen. Traditionally, chimneys were designed in a vertical fashion to be able to pass hot gases. Besides offering valuable filtering support for the stove, the kitchen hoods are so designed to expel gases and odors from within the home. Kitchen hoods are a mandated appliance within the home.
As a matter of fact, the prime role of the kitchen hood is to eradicate potentially toxic pollutants and gasses from within the kitchen. Meal preparation, sometimes, involves steam, smoke, and grease, which might affect the elderly or people with respiratory issues.
Kitchen hoods successfully remove undesirable particles from the home and away from everyone in the kitchen, thus reducing the amount of toxic air, and also snipping the growth of bacteria, germs, and even mold in the kitchen.
In addition to such unwanted byproducts, kitchen hoods are also responsible for cutting down the amount of carbon monoxide that may be present inside the house. There are many health dangers associated with carbon monoxide, and inadequate ventilation will just exasperate the potential problems this toxic gas presents.
Considering the growing trend of out-of-home eating, the number of commercial food establishments is on a rise globally, especially in the developing regions. This rise in food joints has proportionally spiked the demand for kitchen hoods. The reason being, exhaust treatment solutions are a primal part of kitchen designing. Additionally, various countries have regulatory standards and guidelines for the kitchen to abide by.
Commercial kitchens, generally, make use of ducted kitchen hoods over the ductless ones. Since, ducted kitchen hoods have larger ranges that tend to generate greater amounts of smoke, fumes or dirty air that should be vented outside.
Ducted hoods are likely to be more efficient for eradicating humidity and steam from the cooking area because of the fact that these are not actually filtering and re-circulating the air, instead venting it out of the kitchen completely.
No sooner did the COVID-19 pandemic hit, a majority of the store retailers shifted to internet retailing.The trend of Omni-channel retailing had begun even before the COVID-19 pandemic became known to the world, however, the lockdown period was a nail in the coffin. Just from February to March 2020, there has been a dramatic shift to e-Commerce: the use of online grocery services more than doubled.
A more important fact is that a considerable section of new e-Commerce users intend to continue with online retailing.This omni-channel shift during lockdown has been driving sales mostly across the food and beverage categories.Primarily, stores that develop effective Omni-channel capabilities so as to maintain position among the physical grocers and also in a digital sphere are driving the market’s momentum.
Consumer spending is soaring high as a result of the increasing disposable income. Consequently, the indulgence on luxuries and technologically advanced products is rising.Product innovations amidst the technical sphere within the kitchen hood market have up ticked the demand for high-end kitchen hood.
Apart from being energy efficient and eco-friendly, smart kitchen hood with remote connectivity are serving convenience to the consumers. The players in the market are encouraged to develop innovations that facilitate hyper convenience in case of usage. In June 2020, Xiaomi launched the MIJIA smart kitchen hood.
The MIJIA smart kitchen hood tags along MIJIA app connectivity, featuring an interconnection between the hood and the cooker; thereby implying that if the cooker is turned on, the kitchen hood automatically gets turned on.
The world was gripped by Covid-19 pandemic at the start of 2020, yet managed to hold regular industrial production until the nationwide lockdown imposed mid-March.
Though the lockdown was called off in various countries during July, it had already hit hard on the production capacity. Covid-19 pandemic has placed the consumer electronics and major appliances industry under immense financial strain. As a matter of fact, COVID-19 has levied a unique impact on purchasing decision, and illustrates strong growth of 'classic' home care brands.
Major home appliances experienced a dip in sales post Q1, while small home appliances stayed stable despite a slight low in the Q2-Q3 phase. The pandemic had a significant negative impact on sales because of retail shutdown, nevertheless the increased focus on the at-home experiences led to a sales recovery Q3 onwards.
Since stay at home improvised eating, cleaning as major necessities, sales of appliances falling in those categories soared high, majorly including microwave ovens, kitchen hood, vacuum cleaners, dishwashers, cookers, refrigerators, coffee machines, washing machines and multi-grooming kits. On the hindsight, for some categories the entire season sales were lost to COVID-19.
he key players in the global kitchen hood market are
The global kitchen hood market witnesses a fairly consolidated competitive landscape, where majority of prominent players maintain their strategic focus on product quality, product variety, eco-friendly product launches, and market expansion.
Technological innovations and features targeting a particular category, for instance, features especially incorporated for commercial kitchen hood, are gaining popularity. High-end range hood brands are mainly from Germany, Italy, and the USA, and include Gaggenau, Miele, Bertazzoni, Elica, Faber, FuturoFuturo, ProLine, and Zephyr.
Is the Demand for Kitchen Hood still risingin the USA?
Faber, LG and Samsung are the prominent players operating within the USkitchen hood market. Players are vying technological advancements and addition of smart features to expand the product portfolio and gather a larger audience. Rising disposable income and higher consumer spending on home décor is driving the demand for kitchen hoods in the US market.
Australia has standards governing kitchen ventilation including council and state regulations, local, state, and federal fire codes, and most significantly AS/NZS 1668.1 and AS 1668.2 - all referred to by the BCA (Building Code of Australia).
Kitchen exhaust hoods possess three major functions; ensuring that all of the cooking fumes generated by cooking processes are captured by the hood, make certain that enough dilution air is captured by the hood to reduce the temperature of the exhaust air and the contaminant concentration of the exhaust air.
Halton’s proprietary kitchen exhaust hoods and ventilated ceilings are manufactured under license in Australia by Stoddart, specifically aligned with customer’s requirements, while abiding by the internationally proven and accredited design.
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Outdoor grill hoods are gaining popularity as the outdoor system of cooking and eating are surging. High-end kitchen hoods are in demand all over the country, pillared upon the following factors; energy efficiency, noise cancellation or reduction, outdoor and indoor combination feature, among other advanced features.
The global kitchen hood market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. On The Basis Of Product Type 6.2. On The Basis Of End-Use 6.3. On The Basis Of Sales Channel 7. Global Market Analysis and Forecast, By On The Basis Of Product Type 7.1. Under Cabinet 7.2. Wall Mounted 7.3. Ceiling Mount 7.4. Others 8. Global Market Analysis and Forecast, By On The Basis Of End-Use 8.1. Residential 8.2. Commercial 9. Global Market Analysis and Forecast, By On The Basis Of Sales Channel 9.1. Direct Sales 9.2. Hypermarkets/ Supermarkets 9.3. Specialty Stores 9.4. Multi-brand Stores 9.5. Online Retailing 9.6. Convenience Stores 9.7. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by On The Basis Of Product Type, On The Basis Of End-Use, and On The Basis Of Sales Channel for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Asko Appliances 20.2. Broan, Inc. 20.3. BSH Home Appliances Corp. 20.4. Elica S.p.A. 20.5. Faber S.p.A. 20.6. Falmec S.p.A. 20.7. Miele, Inc. 20.8. LG 20.9. Glen India 20.10. Panasonic Corp. 20.11. Samsung Electronics 20.12. Whirlpool Corp 20.13. Among others
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