In 2023, the kitchen hood market is projected to reach a value of US$ 12.0 billion, and from 2023 to 2033, it is projected to grow at a CAGR of 4.5% to reach a value of US$ 18.8 billion. In the historical period from 2018 to 2022, the Kitchen Hood market experienced a CAGR of 2.2%.
The kitchen hoods effectively eliminate the unacceptable particles from the house and everyone in the cooking area, which also reduces toxic air and cuts down on bacterial growth as well as mold even.
One of the primary things about a kitchen is the ventilation. Originally, chimneys were built in a vertical direction so that they could be transmit the hot gases. In addition to the useful filtering support for the stove, kitchen hoods are designed in such a way that gases and also odors inside the house can be released from within. Kitchen hoods are one of the many mandatory appliances in any home.
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In fact, the primary function of a kitchen hood is to eliminate some toxic pollutants and gasses from within the confines of that specific room. In some cases, cooking might have a lot of steam, smoke and also grease which may affect the aged people or those with respiratory diseases.
In addition to the undesirable byproducts, such as kitchen hoods that decrease the amount of carbon monoxide in a house are known. Many health issues are associated with carbon monoxide and many inappropriate ventilation simply aggravates the anticipated risks from this poisonous gas.
Global Kitchen Hood Market: Market Dynamics
How is Electric Kitchen Hood driving the Demand in Commercial Sector?
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.
How is Omni-channel Retailing Helping the Kitchen Hood Market Gain Momentum?
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.
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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.
Will Technological Innovations Drive the Global Kitchen Hood Market over the Forecast Period?
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.
Global Kitchen Hood Market: Key Players
The key players in the global kitchen hood market are
- Asko Appliances
- Broan, Inc.
- BSH Home Appliances Corp.
- Elica S.p.A.
- Faber S.p.A.
- Falmec S.p.A.
- Miele, Inc.
- LG
- Glen India
- Panasonic Corp.
- Samsung Electronics,
- Whirlpool Corp
- Among others.
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