Boston, MA -- (ReleaseWire) -- 06/09/2014 -- Large cooking appliances witnessed a slightly stronger current value growth in 2013 than 2012. The essential nature of large cooking appliances including built-in hobs and cooker hoods for households continued to drive the category in 2013. Consumers? rising health consciousness coupled with manufacturers? push in campaigns to encourage consumers to cook at home for a healthier diet also stimulated consumer interest to invest in premium large cooking appliances with enhanced functions.
Fagor Home Appliances (M) was the leader in large cooking appliances with a 23% volume share during 2013. The extensive range of large cooking appliances offered by the player continued to benefit its volume share in 2013, whereby it slightly increased from 2012.
Constant value sales of large cooking appliances are expected to increase at a CAGR of 6% over the forecast period. The increasing health consciousness of consumers will further drive their willingness to prepare their own meals instead of relying on foodservice. Manufacturers? moves to encourage consumers to cook their own meals for the health benefits will also boost the constant value growth of large cooking appliances in the forecast period.
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