Global Smokehouse Market Is Expected To Project A Notable CAGR Of 2.2% By 2025 | Grand View Research, Inc.

March 29 05:12 2021
Global Smokehouse Market Is Expected To Project A Notable CAGR Of 2.2% By 2025 | Grand View Research, Inc.

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According to a new report by Grand View Research, Inc., the Smokehouse Market is experiencing steady growth as food outlets and restaurants are opening up after the Covid-19 shut down in compliance with the ordinances from the CDC, responding to the Covid-19 crisis and re-configuration of indoor spaces.

The global smokehouse market size is set to value at USD 157.2 million by 2025 and will register a CAGR of 2.2% during the forecast period. This growth is driven by the increasing need for a healthy lifestyle and preference for barbequed or grilled food over fried food and other fast food. Key smokehouse market participants are focusing on innovation and new product launches to devise environment-friendly and sustainable components using the latest technologies.

The smokehouse market is characterized by the presence of some industry giants and small- and medium-scale regional players. The key players are indulged in implementing business expansion strategies to boost product developments, sales, and revenue. Companies are keen on strengthening their foothold over international markets by providing customized services to customers. 

Smokehouse Market Report Highlights

 Based on type, indoor grills segment is projected to exhibit a CAGR of 1.9% during the forecast period as these are widely used in commercial spaces such as restaurants and hotels, along with domestic applications including households and food trucks

Based on product, electric grill emerged as the largest segment in 2017 as electric grills are popularly used in both outdoor and indoor spaces, and are easy to clean

Based on region, North America dominated the market in 2017 due to the presence of a large number of prominent players and increasing product application in domestic or household spaces

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Smokehouse Market Segmentation

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
        • The U.S.
        • Canada
        • Mexico
     Europe
        • Germany
        • U.K.
        • France
     Asia Pacific
        • China
        • India
        • Japan
    • Central and South America
        • Brazil
     Middle East & Africa

List of Key Players of Smokehouse Market

    • Wolf Steel, Ltd.
    • KitchenAid
    • Lynx Grills
    • Viking Range Corporation
    • R & V Works
    • Alto-Shaam, Inc.
    • Town Food Service Equipment Company.

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/5733/ibb

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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