Healthy Cooking is fastest growing segment fueling the growth of Electric Grill Market

 

Electric Grill Market 


The global Electric Grill Market is estimated to be valued at US$ 4.53 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Electric grills are portable and easy-to-use grilling devices that let users grill indoors or outdoors without fumes or reliance on charcoal or gas. They are healthier options compared to traditional grills, as they use electricity instead of burning wood or gas, and do not leave behind residue or ash. With rising health consciousness, the demand for electric grills that enable healthy cooking is growing rapidly.

 

Market Overview:

Electric grills let users enjoy indoor and outdoor grilling with ease. They come equipped with versatility features like temperature controls, removable plates, cooking zones, timers and more for grilling various types of foods. Their compact and lightweight designs make them portable for camping, picnics, or small outdoor spaces.

 

Market key trends:

One of the key trends in the electric grill market is the increasing popularity of smart electric grills. Smart grills come integrated with Wi-Fi and Bluetooth connectivity that allows users to control and monitor the grill remotely using a smartphone app. They offer features like customized preset cooking programs, remote temperature monitoring and control, alerts for completion of cooking and more. This has boosted their demand, especially among tech-savvy young consumers.

Segment Analysis

The electric grill market is segmented on the basis of product type, power type, distribution channel and region. By product type, the built-in electric grills segment dominated the market in 2022 owing to their convenient, safe and easy to use features. Built-in grills are installed within outdoor kitchens and have additional cooking area, thus increasing their demand.

 

Key Takeaways

The Global Electric Grill Market Size is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing penetration of smart home appliances and rising preference for hassle-free grilling.

 

Regional analysis: North America dominated the electric grill market in 2022 and accounted for over 30% of the global market share. High disposable income, growing food service industry and rising demand for outdoor residential grilling in the US and Canada are majorly driving the market in this region. Asia Pacific is expected to be the fastest growing region, exhibiting a CAGR of around 9% during the forecast period. Rapid urbanization and changing lifestyle in emerging economies such as India and China are fueling the regional market growth.

 

Key players: Key players operating in the electric grill market are Weber, Coleman, George Foreman, Traeger, Masterbuilt, Green Mountain Grills, Char-Broil, Kenyon, Camp Chef, Blackstone, Hamilton Beach, TEC, Excelvan, Zojirushi, Delonghi, Brentwood, Fuego, PowerXL, Elite Platinum, Cuisinart. Weber and Coleman captured over 35% of the global market share in 2022 owing to their diverse product portfolio and strong brand recognition. New product launches with innovative features will help these players sustain their leadership positions in the market.

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https://www.dailyprbulletin.com/electric-grill-market-size-share-growth-outlook-2023/

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