Market Trends of Russia Household Electric Grill Industry
This section covers the major market trends shaping the Russia Household Electric Grill Market according to our research experts:
Increasing Household Expenditure Per Capita in Russia Boosting the Market
Russia Annual Household Expenditure per Capita reached USD 5126 in Dec 2021, up 12.9 % from 2020. Food-related expenses of an average Russian accounted for roughly one-third of the total consumer budget in the country. Russian residents spent the most on meat and meat products with an average monthly expenditure of 1,994 Russian rubbles per capita in 2020.
With the growing demand among consumers for grilled food, it created opportunities for manufacturers of smart kitchen appliances, developed electric grills to avoid smoke and the use of charcoal. Although, charcoal grills or gas grills have perceived higher preference for grilling food, the electric grills are currently being more preferred by the consumers owing to their convenience and ability to use indoors.
Rising Demand of Grilled Food Driving Growth of the Electric Grill Market
Consumption of Grilled food is increasing substantially every year, growing inclination for healthy grilled foods, changing lifestyles, and the preference for homemade grilled foods are the primary drivers driving the growth of the electric grill sector.
Average revenue of Electric Grills per capita is USD 0.31 in 2021 and expected to reach USD 0.35 by 2027. The popularity of electric barbecues has increased due to customers' rising interest for grilling meals at home. According to Hearth, Patio & Barbecue Association (HPBA), the majority of consumers about 83% have three or more accessories, indicates that consumers have invested in ways to customize their grilling experiences. And Gas is the most popular grill type with 64%, followed by charcoal (44%), and electric (9%).
As per the HPBA study, a large number of people engage in barbecue grilling on weekends during summer as the electric grill helps cookout without the gas or charcoal. With the growing number of events, like parties, camping, social gatherings, and the consumer preference towards grill food products boosting the sales of electric grills.
