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Strategy Briefing

Disruptive Global Trends and Strategies in Connected Kitchens

Oct 2018

US$1,325

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Global sales of connected major kitchen appliances are predicted to reach 25 million units in 2023, generating huge opportunities for businesses in appliances, retailing and artificial intelligence. Connected kitchens integrating multiple appliances will provide safety protection, efficient planning and a guided cooking experience for consumers. To maintain sales growth, cross-industry efforts still need to address challenges such as a lack of ecosystem services.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Key Findings

The connected kitchen offers key benefits, such as safety and time saving, to consumers

The primary advantage of the connected kitchen is protection against accidental fires, child misuse and counterfeit food. Also, it offers time saving through efficient planning. Artificial intelligence (AI) can not only help consumers to cook like a chef for fun, but also give personalised dietary advice to maintain a healthy lifestyle. Furthermore, food recycling can convert waste to fertiliser for more environmentally friendly living.

The integrated connected kitchen will become the norm

Simple smartphone control of individual appliances is not necessary for consumers. Instead, the future will be integrated connected kitchen with AI coordinating multiple appliances and interacting with consumers via voice, etc, for convenience. Also, integration of each phase of the cooking cycle and guided cooking can help ease the cooking process for consumers.

Cross-industry effort is required to address four key challenges

There are still significant challenges for the current global connected kitchen market. These include high prices, given low consumer awareness of value, a lack of ecosystem services, a shortfall of integrated solutions, along with immature AI technology. These barriers require efforts from multiple industries, especially real estate, retailing and AI, to overcome them.

Global sales of connected major kitchen appliances will reach 25 million units in 2023

12 million units of connected major appliances were sold globally in 2018. It is projected that the market will grow by a 17% CAGR between 2018 and 2023. Sales will be led by fridge freezers, largely driven by manufacturers such as Samsung and Haier. These can play a key role in multiple phases of the cooking cycle, including recipe advice, purchasing and storage, supporting sales.

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Introduction

Scope

Four key findings

Development towards the future integrated connected home

Towards Integrated Connectivity

Three steps towards smart homes

Industry currently moving towards integrated connected kitchens

Development from connected to smart

Four phase development towards cross-industry connectivity

Ecosystem services and artificial intelligence critical for growth

12 million connected major kitchen appliances sold globally in 2018

Consumers in the Kitchen

Italians, Russians and Chinese cook most frequently

Health concerns is the top reason for home cooking

Beyond cooking in the kitchen

Family bonding and self-realisation are the top three life priorities

Connected Cooking Cycle

Seamless connected cooking cycle experience

Safety more important than convenience to consumers

Cooking with peace of mind regarding fire hazards

Connected child safety for busy parents and curious children

Protecting privacy to respect consumers

Recipe advice: a key content ecosystem service

Partnering with popular local recipe advice services

Connected scales and thaw scheduling enable precise preparation

Preparing the right companion to food within a calorie limit

Multiple dishes in ovens and scan to cook in microwaves

Coupling between the hood and the hob to offer ease in cooking

Connected small cooking appliances to save time

Sharing recipes digitally

Sharing fun with family and friends online

Connectivity to help with dishwashing and sanitization

Recycling of food waste into fertiliser for connected gardens

Connected storage to retain freshness and track consumption

Connected refrigeration: an emerging forefront of grocery internet retailing

AI to integrate all phases of connected cooking

The hood likely to be the hardware centre of a connected kitchen

AI allows voice guided cooking and control

AI supports video guided cooking and virtual control

Challenges and Recommendations

Four key challenges ahead for growth in the connected kitchen

Showroom experience for developers and consumers

Extend connectivity to more affordable mass brands and models

Data analytics will drive growth in ecosystem services

Common standards and partnership with developers and IDs

Improve the accuracy and add a “soul” in AI

25 million connected major kitchen appliances to be sold in 2023

Why buy this report?

Want to find out more about this report?

Request more information

Megatrends

Strategy Briefing

Disruptive Global Trends and Strategies in Connected Kitchens

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Key Findings

The connected kitchen offers key benefits, such as safety and time saving, to consumers

The integrated connected kitchen will become the norm

Cross-industry effort is required to address four key challenges

Global sales of connected major kitchen appliances will reach 25 million units in 2023

Want to find out more about this report?

Table of Contents

Introduction

Scope

Four key findings

Development towards the future integrated connected home

Towards Integrated Connectivity

Three steps towards smart homes

Industry currently moving towards integrated connected kitchens

Development from connected to smart

Four phase development towards cross-industry connectivity

Ecosystem services and artificial intelligence critical for growth

12 million connected major kitchen appliances sold globally in 2018

Consumers in the Kitchen

Italians, Russians and Chinese cook most frequently

Health concerns is the top reason for home cooking

Beyond cooking in the kitchen

Family bonding and self-realisation are the top three life priorities

Connected Cooking Cycle

Seamless connected cooking cycle experience

Safety more important than convenience to consumers

Cooking with peace of mind regarding fire hazards

Connected child safety for busy parents and curious children

Protecting privacy to respect consumers

Recipe advice: a key content ecosystem service

Partnering with popular local recipe advice services

Connected scales and thaw scheduling enable precise preparation

Preparing the right companion to food within a calorie limit

Multiple dishes in ovens and scan to cook in microwaves

Coupling between the hood and the hob to offer ease in cooking

Connected small cooking appliances to save time

Sharing recipes digitally

Sharing fun with family and friends online

Connectivity to help with dishwashing and sanitization

Recycling of food waste into fertiliser for connected gardens

Connected storage to retain freshness and track consumption

Connected refrigeration: an emerging forefront of grocery internet retailing

AI to integrate all phases of connected cooking

The hood likely to be the hardware centre of a connected kitchen

AI allows voice guided cooking and control

AI supports video guided cooking and virtual control

Challenges and Recommendations

Four key challenges ahead for growth in the connected kitchen

Showroom experience for developers and consumers

Extend connectivity to more affordable mass brands and models

Data analytics will drive growth in ecosystem services

Common standards and partnership with developers and IDs

Improve the accuracy and add a “soul” in AI

25 million connected major kitchen appliances to be sold in 2023

Why buy this report?

Want to find out more about this report?

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