The Latin America, Middle East and Africa Smart Ovens Market would witness market growth of 17.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 583.9 hundred units, showcasing a growth of 18.7% (2024-2031).
In the commercial sector, the smart ovens market offers innovative solutions to streamline operations and enhance efficiency in professional kitchens. These advanced kitchen appliances are equipped with cutting-edge technology, including precise temperature control, programmable cooking settings, and connectivity features tailored to meet the demanding requirements of commercial food service establishments. Consequently, in Brazil, 85.58 hundred units of smart ovens is expected to be utilized in commercial sector by the year 2031.
The Brazil market dominated the LAMEA Smart Ovens Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $23.2 million by 2031. The Argentina market is exhibiting a CAGR of 17.7% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 16.7% during (2024 - 2031).
AI algorithms analyze user preferences, cooking habits, and food types to provide personalized cooking suggestions, recipe recommendations, and cooking tips. This results in a more tailored cooking experience catering to individual tastes and dietary preferences. AI-powered smart ovens can adjust cooking parameters such as time, temperature, and humidity based on the type of food being cooked and the desired level of doneness.
Smart ovens offer high customization and personalization, allowing users to tailor their cooking experience to their preferences and dietary requirements. Users can create custom cooking presets, receive recipe suggestions based on their preferences, and adjust cooking parameters to achieve their desired results. Some smart ovens offer health and wellness features like calorie tracking, nutritional information, and diet-specific recipe suggestions. These features help users make healthier food choices and maintain a balanced diet, contributing to their overall health and well-being.
Urbanization in Saudi Arabia has led to changing lifestyles, with more people living in urban areas and seeking convenient and time-saving solutions in the kitchen. Smart ovens, with their advanced features and convenience, appeal to busy urban consumers in Saudi Arabia. With higher disposable incomes, Saudi consumers are increasingly willing to pay a premium for products that offer convenience, efficiency, and advanced features.
Saudi Arabia has a well-developed retail infrastructure, including brick-and-mortar stores and online retailers, that offer consumers a wide range of smart oven options. Manufacturers of smart ovens in Saudi Arabia are actively promoting their products through marketing campaigns, advertising, and promotional activities. Thus, due to these aspects, the smart ovens market will expand across the LAMEA region in upcoming years.
Based on Type, the market is segmented into Counter-top, and Built-in. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on End User, the market is segmented into Residential, and Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
In the commercial sector, the smart ovens market offers innovative solutions to streamline operations and enhance efficiency in professional kitchens. These advanced kitchen appliances are equipped with cutting-edge technology, including precise temperature control, programmable cooking settings, and connectivity features tailored to meet the demanding requirements of commercial food service establishments. Consequently, in Brazil, 85.58 hundred units of smart ovens is expected to be utilized in commercial sector by the year 2031.
The Brazil market dominated the LAMEA Smart Ovens Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $23.2 million by 2031. The Argentina market is exhibiting a CAGR of 17.7% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 16.7% during (2024 - 2031).
AI algorithms analyze user preferences, cooking habits, and food types to provide personalized cooking suggestions, recipe recommendations, and cooking tips. This results in a more tailored cooking experience catering to individual tastes and dietary preferences. AI-powered smart ovens can adjust cooking parameters such as time, temperature, and humidity based on the type of food being cooked and the desired level of doneness.
Smart ovens offer high customization and personalization, allowing users to tailor their cooking experience to their preferences and dietary requirements. Users can create custom cooking presets, receive recipe suggestions based on their preferences, and adjust cooking parameters to achieve their desired results. Some smart ovens offer health and wellness features like calorie tracking, nutritional information, and diet-specific recipe suggestions. These features help users make healthier food choices and maintain a balanced diet, contributing to their overall health and well-being.
Urbanization in Saudi Arabia has led to changing lifestyles, with more people living in urban areas and seeking convenient and time-saving solutions in the kitchen. Smart ovens, with their advanced features and convenience, appeal to busy urban consumers in Saudi Arabia. With higher disposable incomes, Saudi consumers are increasingly willing to pay a premium for products that offer convenience, efficiency, and advanced features.
Saudi Arabia has a well-developed retail infrastructure, including brick-and-mortar stores and online retailers, that offer consumers a wide range of smart oven options. Manufacturers of smart ovens in Saudi Arabia are actively promoting their products through marketing campaigns, advertising, and promotional activities. Thus, due to these aspects, the smart ovens market will expand across the LAMEA region in upcoming years.
Based on Type, the market is segmented into Counter-top, and Built-in. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on End User, the market is segmented into Residential, and Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- LG Electronics, Inc. (LG Corporation)
- Whirlpool Corporation
- Sharp Corporation
- Hitachi, Ltd.
- Robert Bosch GmbH
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Techtronic Industries Co., Ltd.
- Tovala
- June Life, Inc.
Market Report Segmentation
By Type (Volume, Hundred Units, USD Billion, 2020-2031)- Counter-top
- Built-in
- Offline
- Online
- Residential
- Commercial
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. LAMEA Smart Ovens Market by Type
Chapter 6. LAMEA Smart Ovens Market by Distribution Channel
Chapter 7. LAMEA Smart Ovens Market by End User
Chapter 8. LAMEA Smart Ovens Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- LG Electronics, Inc. (LG Corporation)
- Whirlpool Corporation
- Sharp Corporation
- Hitachi, Ltd.
- Robert Bosch GmbH
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Techtronic Industries Co., Ltd.
- Tovala
- June Life, Inc.
Methodology
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