Wednesday, May 13, 2020

Smokehouse Market Size is Predicted to Reach $157.2 Million By 2025 | Industry Size, Share, Trends And Market Growth 2025


The global smokehouse market size is anticipated to reach USD 157.2 million by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth.

Key market participants have been focusing on innovation and new product development to manufacture environment-friendly components using latest technologies. Most manufactures have been focusing on electric grills to help reduce air pollution caused on account of burning charcoal and wood.

A smokehouse can be considered as a basic version of a heat processing unit that is used by the meat industry, and consists of an enclosed area where one can control the temperature and smoke levels with acceptable accuracy. The main purpose of a smokehouse is to enclose the heat and smoke, while also reducing airflow. Smokehouses can consist of a charcoal and wood grill, an electric grill, or a gas grill. Frame or concrete smokehouses have also attained popularity, due to their safety, and ease of temperature control.

In terms of smokehouse type, the market is segmented into indoor grills and outdoor grills. Usually, gas grills are used in outdoor scenarios, while electric grills find usage indoors. Although outdoor grills offer the advantage of better food flavor over indoor ones, the electric grills have become hugely popular due to their compact size, ease of use, lesser cooking time, portability, and availability of multiple functions. Indoor grills find widespread use in hotels and restaurants, along with households and food trucks.

Key players operating in the industry are The Weber-Stephen Products LLC, KitchenAid, Lynx Grills, and Viking Range Corporation among various others.

For full research report on Smokehouse Market visit here: https://www.grandviewresearch.com/industry-analysis/smokehouse-market

Further key findings from the report suggest:

  • Outdoor grills segment was valued at USD 76.3 million in 2017 and is expected to witness steady growth over the forecast period, on account of the rising trend toward cookouts and outdoor parties among the youth
  • Electric grill segment is expected to expand at a CAGR of 2.2% from 2018 to 2025. Electric grills are cheaper than gas grills, can be used in both indoor and outdoor spaces, and are easy to clean. In addition, since these grills just need to be plugged in to be used, there are not many restrictions and regulations governing their safe use
  • Europe was the second largest revenue generating region with USD 34.0 million in 2017 on account of technological advancements in manufacturing processes of the smokehouses coupled with the development and introduction of innovative products.
  • Some of the key strategies adopted by industry participants include mergers and acquisitions and integrations across the value chain to strengthen their product portfolios and global distribution network

Grand View Research has segmented the global smokehouse market on the basis of type, product, and region:

Smokehouse Type Outlook (Revenue, USD Million, 2014 - 2025)
  • Indoor
  • Outdoor
Smokehouse Product Outlook (Revenue, USD Million, 2014 - 2025)
  • Charcoal & Wood Grill
  • Electric Grill
  • Gas Grill
Smokehouse Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa
About Grand View Research             
    
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com






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