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Light fryers which use a tiny amount of oil to fry food, have been the best performing appliances among consumers in 2014, growing by more than 20 percent globally in volume terms.
“With obesity rate on the rise worldwide, light fryers are expected to grow in forecasted years,” says Jamie Ko, head of consumer appliances at Euromonitor. “Philips and Groupe, SEB are dominant within the market with more than 70 percent share globally in 2014. As manufacturers look into products related to health care, there will be more products with related functions and features launched over the next few years.”
Major appliance sales have been fluctuating due to the economic recession. However, a few bright spots exist with the dishwasher category in particular showing high growth of 14 percent within Latin America in 2014. Brazil is predicted to be the fastest-growing market for dishwashers, posting volume CAGR of 21 percent from 2014-2019. Local manufacturers of large appliances in Brazil, such as Esmaltec and Suggar, could potentially enter the dishwasher category and launch their own portfolios targeting the middle-income group with lower unit prices than are currently available.
Source: Euromonitor International
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