Mexico Kitchen Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Mexico Kitchen Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Mexico's Kitchen Appliances Market has generated a revenue of USD 11 billion in the current year and is expected to register a CAGR of 3% for the forecast period. Most domestic appliances are large machines usually used in bedrooms, bathrooms, halls, and the kitchen. The appliances which are used in a kitchen accomplish some routine housekeeping tasks such as cooking, food preservation, and cleaning. Household appliances have a significant role in the stylish appearance of any home decor. Industrialization has ushered in a dramatic and uneven transformation in world society. It has altered the technological pattern and work processes of preindustrial life. This socio-technological revolution has changed the domestic ways and means of dealing with food provision, clothing, cleaning, and medical care.

Mexico's kitchen appliances market is growing significantly as more and more Mexicans are becoming very much aware of the importance of healthy eating habits which is influencing their consumer choices. Specifically, Mexicans are becoming increasingly interested in products that can help them to have a healthy diet and avoid health problems that are commonly associated with a poor diet. Many people consume coffee regularly in Mexico, mainly to help them wake up in the morning, as a digestive after meals, and sometimes during the afternoon as a refreshing drink during a relaxing moment. More coffee shops are now opening in many cities nationwide as the country's coffee culture strengthens.

The COVID-19 pandemic changed buyers' and consumers' behaviors worldwide. People were forced to spend more time at home due to home office, digital classes, and lockdown measures, so they used their kitchens more frequently. Often, households noticed a lack of or the need to renew home appliances, which was very beneficial for electro domestic manufacturers and their providers.

In December 2021, the gross production value of small household appliances in Mexico increased by More than 20%. Small kitchen appliances are mainly used on small platforms and can be user-friendly. Small kitchen appliances are mainly used for both commercial and residential purposes, such as blenders, coffee makers, iced tea-makers, and mixers. Where large and small appliances save people time and effort every single day. Small kitchen appliances worth investing in to make cooking more accessible and fun include a food processor, air fryer, etc.

The most crucial channel for the kitchen appliances category continues to be hypermarkets, representing about a third of total volume sales. It is followed by a variety of stores, which accounts for a fifth of the overall sales, and both channels largely maintained these sizeable shares over the review period. Online channel is gaining trend in recent days as people are mostly inclined to prefer the comfortable way of buying household and kitchen items.

The market is highly fragmented, with many small appliance makers who sell their products in the domestic markets. International players pose tougher competition to the existing players and thus give immense scope for further product development and innovation. A few key players in the market include LG Electronics, Whirlpool, Samsung, Panasonic Corporation, and Electrolux, among many other actively functioning companies across the country.

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