Smart Connected Cooking Appliances Market Size, Share, Growth, And Industry Analysis by Type (Electric Power, Non-electric Power) by Application (Online Channel, Offline Channel), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Smart Connected Cooking Appliances Market Report Overview

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The global smart connected cooking appliances market size was USD 8172 million in 2021 and is projected to touch USD 41772.5 million by 2031, exhibiting a CAGR of 17.5% during the forecast period. 

The COVID-19 pandemic has been unprecedented and staggering, with smart connected cooking appliances market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

Smart connected cooking appliances are revolutionizing the way we prepare and enjoy meals. These innovative devices, equipped with advanced technology and internet connectivity, offer a seamless cooking experience. With features like voice control, recipe recommendations, and remote access, these appliances bring convenience and efficiency to the kitchen. Imagine preheating your oven on your way home or adjusting cooking settings with a simple voice command. Smart connected cooking appliances also provide real-time notifications, ensuring precise cooking times and preventing overcooking or burning. From smart ovens to intelligent cooking hubs, these appliances offer a glimpse into the future of cooking, where technology enhances our culinary adventures.

The smart connected cooking appliances market size is experiencing significant growth due to the increasing demand for convenience and efficiency in the kitchen. As our lives become busier, people are seeking solutions that streamline their cooking processes. Smart appliances offer a range of benefits such as time-saving features, personalized recipe recommendations, and remote accessibility, which resonate with modern consumers. Additionally, advancements in technology have made these appliances more affordable and accessible to a wider audience. The growing interest in smart homes and the Internet of Things (IoT) further contributes to the increasing demand for smart connected cooking appliances. As a result, the market is expanding rapidly to cater to the needs of consumers looking to enhance their cooking experiences.

COVID-19 Impact: The Pandemic Hastened The Growth Of Internet Shopping And E-Commerce, Allowing Customers To Conveniently Buy These Items From The Comfort Of Their Homes

The COVID-19 pandemic has had a significant impact on the market for smart connected cooking appliances. With lockdowns and social distancing measures in place, people found themselves spending more time at home, leading to an increased focus on cooking and home-cooked meals. This shift in behavior prompted a surge in the demand for kitchen appliances that could make the cooking process easier, more convenient, and enjoyable. Smart connected cooking appliances, with their advanced features and remote control capabilities, offered an attractive solution. The pandemic also accelerated the adoption of e-commerce and online shopping, enabling consumers to easily purchase these appliances from the comfort of their homes. As a result, the market for smart connected cooking appliances experienced a notable boost during the pandemic as individuals sought ways to enhance their cooking experiences while adhering to stay-at-home measures. 

Latest Trends

"The Incorporation Of Artificial Intelligence (AI) And Machine Learning (ML) Technology Is One Significant Development In The Market For Smart Connected Kitchen Equipment"

One prominent trend in the market for smart connected cooking appliances is the integration of artificial intelligence (AI) and machine learning (ML) technologies. Companies are launching new products and technologies that leverage AI and ML to enhance the capabilities of these appliances. For example, smart ovens equipped with AI can recognize and recommend optimal cooking settings for different recipes, ensuring consistent and delicious results. Additionally, AI-powered virtual assistants can provide personalized recipe suggestions based on dietary preferences and ingredients available. Leading players in the market are investing in research and development to innovate and stay ahead. They are incorporating advanced sensors, connectivity options, and intuitive user interfaces into their products. Furthermore, they are expanding their partnerships with popular recipe platforms and culinary experts to offer an extensive library of recipes and cooking guidance. This trend showcases the industry's commitment to leveraging cutting-edge technologies to deliver exceptional cooking experiences. 

Smart Connected Cooking Appliances Market SEGMENTATION

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• By type

Depending on smart connected cooking appliances market given are types: Electric Power, Non-electric Power. The Electric Power type will capture the maximum market share through 2031.

• By Application

The market is divided into Online Channel, Offline Channel based on application. The global smart connected cooking appliances market  players in cover segment like Online Channel will dominate the market share during 2031.

Driving Factors

"The Growing Emphasis On Healthy Eating And Wellbeing Is One Reason Fueling The Growth For Smart Connected Kitchen Gadgets"

One driving factor behind the smart connected cooking appliances market growth is the increasing focus on healthy eating and wellness. With growing awareness about the impact of diet on overall health, consumers are seeking ways to make nutritious meals at home. Smart connected cooking appliances offer features such as calorie tracking, portion control, and recipe recommendations based on dietary preferences. These appliances empower users to create healthier meals with ease and precision. The ability to monitor and manage nutritional aspects of cooking aligns with the wellness goals of individuals, leading to a surge in demand for these appliances. As health-consciousness continues to rise, the market for smart connected cooking appliances is expected to grow further, catering to consumers' desire for convenient and healthy cooking solutions.

"The Growing Desire For Personalised And Interactive Cooking Experiences Is Another Factor Fueling The Market Expansion"

Another driving factor behind the market growth is the increasing desire for personalized and interactive cooking experiences. Consumers are seeking innovative ways to enhance their culinary skills and explore new recipes and flavors. Smart connected cooking appliances offer a range of interactive features such as guided cooking modes, recipe suggestions, and step-by-step instructions. These appliances enable users to experiment with different cuisines and techniques, providing a sense of creativity and adventure in the kitchen. The ability to customize cooking settings, save preferences, and receive real-time feedback contributes to a more personalized and engaging cooking experience. As individuals embrace their passion for cooking and seek tools that facilitate experimentation and learning, the demand for smart connected cooking appliances continues to grow.

Restraining Factors

"The Worry About Data Privacy And Cybersecurity Is One Restraint On The Market Expansion For Smart Linked Kitchen Equipment"

One restraining factor affecting the smart connected cooking appliances market growth is the concern around data privacy and cybersecurity. As these appliances are connected to the internet and collect user data, there is a potential risk of unauthorized access or data breaches. Consumers are increasingly cautious about sharing personal information and are wary of potential privacy infringements. The fear of their cooking habits or personal data being compromised can deter some individuals from adopting these appliances. To address this concern, manufacturers need to prioritize robust security measures and transparent data handling practices to build trust among consumers. Clear communication regarding data privacy and cybersecurity features is crucial to overcome this restraining factor and ensure continued market expansion.

Smart Connected Cooking Appliances Market Regional Insights

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"North America Is Anticipated To Continue To Have A Dominant Position In The Market With The Ongoing Need For Smart Home Solutions "

The leading region in the market for smart connected cooking appliances is North America. This region has been at the forefront of technological advancements and has witnessed high adoption rates of smart home technologies. Factors such as a tech-savvy population, high disposable income, and a strong emphasis on convenience contribute to the region's dominance in the market. Additionally, North America has a mature e-commerce infrastructure, facilitating easy access to a wide range of smart connected cooking appliances. Furthermore, the presence of key market players, ongoing product innovations, and strategic collaborations in the region further fuel smart connected cooking appliances market share. With the continuous demand for smart home solutions, North America is expected to maintain its position as a leading region in the market.

The second-leading region in the market for smart connected cooking appliances is Europe. With its strong culinary culture and appreciation for high-quality kitchen appliances, Europe has emerged as a significant market for smart cooking technologies. The region is known for its emphasis on sustainability, healthy eating, and premium kitchen products. European consumers are increasingly adopting smart connected cooking appliances to enhance their cooking experiences and embrace modern technologies. Additionally, the presence of established home appliance manufacturers and a growing consumer demand for innovative kitchen solutions contribute to the region's position as a key player in the market. Europe is expected to continue experiencing steady growth in market share.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Samsung (South Korea)
• Electrolux (Sweden)
• Whirlpool (U.S.)
• LG Electronics (South Korea)
• Robert Bosch (Germany)
• Koninklijke Philips (Netherlands)
• Haier (China)
• Behmor (U.S.)
• Breville (Australia)
• June Life (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.