Transparency Market Research has published a new report, according to which, the global cooking hood market was valued at US$ 4,952.9 Mn in 2019 and is expected to grow at a CAGR of 4.7% from 2019 to 2027. Some of the factors expected to boost the global cooking hood market include increasing expenditure on household appliances and increasing awareness about indoor health and hygiene.

According to the report, Europe holds a majority share of the global cooking hood market, followed by North America. Driving factors in the region are awareness about overall safety, sanitation, and hygiene among consumers and food service center owners. Furthermore, the cooking hood market in Asia Pacific is likely to grow at a remarkable growth rate during the forecast period, owing to the expansion of the catering industry and strong product innovation among cooking hood manufacturers in the region. Cooking hood is primarily preferred by the hotel industry, restaurants, and other food service establishments to wash glassware, pots, dishes, and utensils that are utilized to prepare or serve food. Rise in the number of hotels, restaurants, and cafes is a major factor driving the cooking hood market. Additionally, standards enacted by governments and various associations regarding cleanliness and hygiene are key factors boosting the attractiveness of cooking hood among consumers.
Modern cooking hood contains upgraded technology and sensors, which offers several features that make cooking more convenient. Expansion of the cooking hood market in emerging economies due to rising income and changing consumer preference toward e-commerce are driving the business expansion of cooking hood manufacturers, which in turn is boosting the cooking hood market. In terms of product type, wall mounted hoods are mostly preferred by households, hotels, restaurants, and cafes owing to their convenience and cost-effectiveness. In terms of suction power, the 800-1200 m3/h segment constitutes a share of over 56% of the global cooking hood market. This is due to more prevalence of compact households. Moreover, they are more affordable and adequate for the average kitchen size in households. In terms of decibel, 40-60 decibels dominates the cooking hood market due to its less noise and presence of fewer fans as compared to higher decibel cooking hoods. Based on application, the residential segment dominates the market due to higher application of cooking hoods in houses, apartment, villas, etc.

In terms of distribution channel, the offline channel dominates the cooking hood market since consumers want to physically know about the product. However, online retail stores are likely to be the highly preferred segment during the forecast period, due to a rise in preference for online shopping in recent years. In terms of region, Europe holds a major share of the global cooking hood market, followed by North America. Awareness about overall safety, cleanliness, and hygiene among consumers and food service center owners has propelled the demand for cooking hood in these regions.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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