A Look into Smokehouse Industry……Deep Analysis…..



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.
The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
Key players operating in the industry are The Weber-Stephen Products LLC, KitchenAid, Lynx Grills, and Viking Range Corporation among various others. 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.
North America was the dominant region occupying over 35.0% of the revenue share in 2017. It is projected to account for a major share of the market over the forecast period on account of increasing popularity among young adults for cookouts.
Europe is expected to account for the second largest market share in 2017. In addition, the demand for portable products is expected to grow over the forecast period owing to increase in the number of family outings and picnics.
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The smokehouse market is characterized by the presence of major companies as well as small- and medium-scale regional players. Some of the major players in the market engage in strategic developments to boost their sales and revenue by expanding their reach and providing customized services to customers.
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
The global smokehouse market size was valued at USD 131.7 million in 2017 and is projected to expand at a CAGR of 2.2% over the forecast period. Growing e-commerce retail industry and product innovation and new product development are anticipated to propel the demand in near future.
Key players in the market have been trying to cater to both commercial as well as household needs. However, most households particularly in Asia Pacific prefer the traditional wood based grills as opposed to electric grills. Leading companies have been increasingly looking forward to product innovation and new product development to manufacture environment friendly components using latest technologies.
E-shopping and buying with using smartphone and personal devices, such as laptops and desktops have been gaining pace globally over the past few years. Media has a significant contribution in generating customer involvement and engagement in smokehouse/grill industry.
Media including traditional as well as digital plays key role in the overall smokehouse/grill market. Various media platforms act as a bridge in establishing communication between customers and suppliers.
Growing need for healthy food particularly in North America is expected to facilitate new players to invest in the market.Key players have been focusing on increasing their share in the industry particularly through various e-commerce platforms through product innovation and focusing on new product development.
Indoor grills segment is anticipated to expand at a CAGR of 1.9% during the forecast period. These grills are used in commercial establishments such as restaurants and hotels as well as in households and food trucks. For indoor grilling and barbequing, gas and electric smokehouses are preferred since they are safer to use as compared to charcoal and wood smokehouses.
The outdoor grill segment is anticipated hold the dominant market share during the forecast period. For outdoor grilling and barbequing, charcoal and fire smokehouses are preferred since they give the food a smoky flavor and help retain a soft texture.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-smokehouse-market
Jim 'N Nick's Bar-B-Q; Dinosaur Bar-B-Que; Red Hot & Blue Restaurants; Famous Dave's of America, Inc.; and Smokey Bones are some of the major barbeque restaurants operating in U.S. These restaurants use indoor smokehouses for grilling and barbequing various types of food products.
Grand View Research has segmented the global smokehouse market on the basis of type, product,:
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
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.





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