France: cooking equipment sales by country 2024
As per the report published by The Brainy Insights, the France cooking equipment market is expected to grow from USD 84.6 million in 2022 to USD 113.6 million by 2032, at a CAGR of 3% during the forecast period 2023-2032. Over the forecast period, the market is anticipated to increase due to the rising number of nuclear families, shifting dietary preferences, and rising numbers of working women and single professionals.
Leading companies include Bonnet International, Charvet, Sofinor, Ali Group, Capic, and AB Electrolux. among others. The significant players continuously focus on new product developments and venture capital investments to obtain market share.
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The France cooking equipment market has been segmented based on product and end-user. The product segment is divided into food processors, mixers and grinders, ovens, grills and toasters, water purifiers, refrigerators, dishwashers, and others. The ovens segment dominated the market, with a share of around 35.78% in 2022. Combined ovens will dominate the market in a disproportionate manner. The combination oven is becoming a more and more popular appliance for cooking equipment. The end-user segment is divided into full-service restaurants, quick-service restaurants, and catering. The quick-service restaurants segment dominated the market, with a share of around 42.90% in 2022. Due to the expanding trend of both local and foreign quick service restaurants and the shifting lifestyles of the population, the quick service restaurants sector is anticipated to hold the highest share in the France cooking equipment market.
The market has quickly changed in response to clients' shifting requirements for kitchen space furnishings. Technological advancements and shifting social norms have generated a vibrant market for the equipment used in the end-use industry. Over the years, various technologically advanced and innovative products have entered the market, and it is anticipated that these products will support market growth in the long run. These products range from the discovery of equipment for preparing and storing food, such as cooking stoves, ranges, and electrical refrigerators, to the availability of custom food service appliances to cook different cuisines. Appliance manufacturers may now provide their customers with technology-driven efficiencies owingto quick technological breakthroughs made possible by ongoing Research & Development (R&D) initiatives.