PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1326524
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1326524
Global Electric Grill Market is valued at approximately USD 4.40 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. Electric Grill is a food-grilling electronic device. Using an electric element, this device provides constant heat. The electric grilling also be used indoors as an alternative to outside grilling. The rising preference of consumers to grill meals at home reflects the high demand for electric grills. As a result, utilizing an indoor grill for purposes other than smoking would lead to an upsurge in the demand for the product. It is a low-cost, versatile piece of equipment that is suitable for small-scale cooking. With the increasing number of events such as parties, camping, and social gatherings, as well as customer demand for grill food products and barbeque, the market for electric grills likely grow significantly all over the forecast period.
The leading participants in the electric grill industry have increased their investment in technological advancements. innovation and convenience to have an impact on the market's expansion. For instance, in August 2020, Kenyon International, Inc., a manufacturer of specialty electric grills and cooktops, announced the release of the Texan Stand, offering various enhanced alternatives for cooking on electric grills. Additionally, Increased investment in research and development and rising awareness of the product and its benefits provide lucrative opportunities in the global electric grill market. However, it turns out that these grills can't reach as high temperatures as standard grills is an important limitation of Electric grills stifling market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Electric Grill Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rise in street food consumption and investments in barbeque items in important economies such as China and India. According to the USDA in 2020, rising demand in the food sector, brought in USD 3755 billion in 2020 and is projected to reach USD 5500 billion by 2027. North America is expected to grow significantly during the forecast period, owing to growing millennial and teen interest in recreational cooking. Additionally, people's preferences for grilled meat and vegetables in their diet have increased, which promotes the use of electric grills.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable