![Global Microwave Oven Market](https://res.cloudinary.com/devmoveo/image/upload/v1705399461/skyquest/report/phpi8No5b.jpg)
Report ID: SQMIG25E2083
Report ID:
SQMIG25E2083 |
Region:
Global |
Published Date: April, 2024
Pages:
235
|
Tables:
88 |
Figures:
76
North America dominated the global microwave oven market in 2021 and it is anticipated to maintain its dominance throughout the forecast period. Various food processing and food preparation chains, and restaurants are attributed to the high market share. In the year 2019, 17.5 million microwave ovens were shipped in the US and is expected to rise year on year. The Asia Pacific is expected for a remarkable growth of around 5.0% over the forecast period. The rising availability of income and expenditure for improvised living standards and inclination toward technology-based facilities are enhancing the market growth prospects, especially in countries such as India, the Philippines, Korea, and China. Along with this rising health concerns among people are inclining them to avoid deep-fried food items are leading to market growth, it is estimated that by 2025 around 270 million units of microwave ovens would be sold worldwide.
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REQUEST FREE CUSTOMIZATIONMicrowave Oven Market size was valued at USD 15.77 billion in 2019 and is poised to grow from USD 16.4 billion in 2023 to USD 22.4 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).
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Report ID: SQMIG25E2083