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 successfully remove undesirable particles out of the home and away from everyone in the kitchen, thus reducing the amount of toxic air, also snipping the growth of bacteria, germs and even mold in the kitchen.
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 mandate 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.
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.
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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.
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.
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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.
How has Covid-19 impacted the Salesof Kitchen Hood?
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.
Global Kitchen Hood Market: Key Players
he 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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