The global small kitchen appliances market was valued at USD 45.2 billion in 2022 and is projected to expand at a CAGR of 5.1% from 2023 to 2030. The rising trend of smart homes is expected to drive the growth of the market. The trend of smart homes is gaining traction in developed countries such as the US, Germany, and the UK. In addition, the emergence of advanced technologies, such as AI and machine learning, is expected to positively influence the growth of the market.

Also, the increasing demand for time-saving appliances and the rising disposable income of people are the major factors driving the growth of the market. The growing trend of healthy eating, along with the rising concern for food safety and hygiene, is also driving the demand for small kitchen appliances. Furthermore, the rising popularity of online shopping is expected to support the growth of the market.

The demand for small kitchen appliances is expected to remain strong during the forecast period. This is mainly attributed to the increasing awareness among people concerning healthy eating and the growing trend of single-serve appliances. Furthermore, the launch of innovative products such as multi-functional and automated kitchen appliances is expected to fuel the growth of the market. For instance, in April 2021, Samsung Electronics launched the Samsung Chef Collection Pro Range, which is a combination of a range and a refrigerator.

The increasing demand for energy-efficient products and the increasing awareness among customers regarding the benefits of energy-efficient products are expected to boost the growth of the market. For instance, in January 2021, Breville launched a range of energy-efficient small kitchen appliances, such as the Breville Smart Oven Air Fryer, in the US. Furthermore, the increasing demand for technologically advanced products is anticipated to drive the growth of the market. For instance, in April 2021, Black+Decker launched the SmartBrew Plus Coffee Maker, which is a Wi-Fi-enabled product that can be controlled with the Google Assistant. Additionally, the low cost of small kitchen appliances is expected to fuel the growth of the market.

The small kitchen appliance segment accounted for the largest share of the small kitchen appliance market in 2021, and is expected to register a CAGR of 8.3% during the forecast period. Increasing disposable income, improving economic conditions, and growing trends of time-saving are some of the key factors driving the demand for small kitchen appliances. According to an article published by Forbes in April 2021, the sale of small kitchen appliances increased by 20% since the start of the pandemic due to the fact that more people are cooking at home.

The coffee makers segment is anticipated to expand at the fastest CAGR of 8.6% over the forecast period. Growing demand for instant coffee, increasing awareness about the health benefits of coffee, and the availability of different types of coffee makers are some of the major factors driving the growth of the market. Moreover, rising trends of coffee culture, especially among millennials, and increasing demand for single-serve coffee makers are some of the other factors driving the growth of the segment.

The supermarkets and hypermarkets segment held the largest share in the small kitchen appliances products market in 2022. This segment is expected to remain dominant during the forecast period due to the growing preference of consumers towards supermarkets and hypermarkets as the primary source of purchasing small kitchen appliances. The supermarkets and hypermarkets segment offers a wide range of products and assists customers in making quick purchasing decisions.

Online retailing is anticipated to register the highest growth rate during the forecast period. The increasing penetration of internet and the emergence of e-commerce platforms have contributed to the growth of online retailing in the small kitchen appliances products market. Moreover, the presence of an extensive product portfolio, attractive discounts, and convenience in comparison to traditional stores is expected to propel the growth of the segment.

The blenders and juicers segment accounted for the largest revenue share of 32.4% in 2020. The increasing popularity of health consciousness among consumers is driving the demand for blenders and juicers. Furthermore, the availability of a wide range of products from various brands such as Braun and Hamilton Beach is also driving the segment. For instance, in 2020, Hamilton Beach launched a blender and juicer named Wave Crusher, which is equipped with a powerful motor with 700 watts of power, along with a patented wave-action system for smooth blending and juicing.

The coffee makers segment is expected to witness the highest growth rate over the forecast period. The increasing demand for coffee makers owing to the growth of coffee culture in developing countries and the increasing popularity of coffee shops are driving the segment’s growth. Additionally, the availability of a wide range of coffee makers with advanced features such as automated frothing, temperature control, and timer settings is also a major factor driving the segment’s growth.

Europe dominated the market and accounted for the largest revenue share of over 34.5% in 2022. This growth can be attributed to the increasing adoption of small kitchen appliances such as electric kettles, coffee makers, and blenders by households. Growing health consciousness among consumers has been driving the demand for electric kitchen appliances in the region. For instance, in August 2021, Philips launched SenseConnect, an AI-enabled blender in the region.

Asia Pacific is expected to witness the fastest growth in the coming years. Increasing disposable income and growing demand for modern kitchen appliances are driving the growth of the market in the region. Moreover, rising urbanization and changing lifestyle of consumers in countries such as China, India, and Japan are also contributing to the growth of the market. For instance, in July 2021, Panasonic launched a blender in China that can prepare smoothies, soups, and other sauces.

In this section of the small kitchen appliances business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the small kitchen appliances business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenue for a small kitchen appliances business comes from the sale of products. Here you will find a list of the products and services offered and other possible sources of profit such as discounts and promotions, sales of spare parts and accessories, as well as customer service fees.

Projecting Expenses
In this section, all the regular expenses related to keeping the small kitchen appliances business running will be described. The list of operating expenses includes manufacturing costs, component costs, shipping costs, advertising costs, research and development costs, wages, and other operational costs.

Some of the key companies operating in the small kitchen appliances market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In July 2022, Philips launched the Airfryer XXL, a new kitchen appliance designed to provide healthier cooking.

– In August 2022, Breville launched the Smart Oven Pro, a convection oven that provides multiple functions for baking, roasting, and air frying.

– In September 2022, KitchenAid launched the Artisan Mini Stand Mixer, a small kitchen appliance designed to provide convenience and efficiency in the kitchen.

Some of the prominent players in the small kitchen appliances market include:

– Philips
– Breville
– KitchenAid
– De’Longhi
– Kenwood
– BSH Home Appliances
– Cuisinart
– Electrolux
– Miele
– Groupe SEB

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global small kitchen appliances market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Blenders/Mixers
– Coffee Makers
– Grills/Toasters
– Microwaves
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Mass
– Premium

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What Factors are Expected to Drive the Growth of the Small Kitchen Appliance Market?
[A]: Increasing disposable incomes, changes in lifestyle, and the growing trend of nuclear families are some of the key factors driving the growth of the small kitchen appliance market. The increasing demand for convenient and technologically advanced products is further expected to drive the market for small kitchen appliances over the forecast period.

[Q]: Who are the Major Vendors in the Small Kitchen Appliances Market?
[A]: Some of the major vendors in the small kitchen appliances market are Whirlpool Corporation, Koninklijke Philips N.V., Panasonic Corporation, AB Electrolux, BSH Hausgeräte GmbH, Haier Group Corporation, and Dyson Ltd.

[Q]: What are the Trends Impacting the Market for Small Kitchen Appliances?
[A]: The rising trend of smart kitchen appliances, the increasing demand for energy-efficient kitchen appliances, and the rising adoption of voice-activated products are some of the key trends impacting the market for small kitchen appliances.

[Q]: What are the Major Segments in the Small Kitchen Appliances Market?
[A]: The small kitchen appliances market is segmented into blenders and mixers, slow cookers, toasters and ovens, food processors, and other appliances. These segments are further classified based on type, application, and region.

[Q]: What is the Potential of the Small Kitchen Appliances Market?
[A]: The small kitchen appliances market is expected to witness a significant growth rate over the forecast period due to the increasing demand for convenient and technologically advanced products. The market is projected to reach a value of US$77.7 billion by 2025.