Smokehouse Market Growth & Trends
The size of the global smokehouse market was worth USD 145.3 million in 2023 and is anticipated to rise at a CAGR of 2.8% from 2024 to 2030. There is a growing need for smoked food products because of their distinct flavor and perceived health benefits. This trend is especially strong in residential and commercial environments, where businesses and consumers invest in smokehouses to add quality to their culinary experiences. Additionally, the growing e-commerce retail market and new product growth are expected to drive demand during the forecast period.
Increased popularity of backyard cooking and barbecue culture drives market growth as more professional chefs and enthusiasts look for quality smokehouses for better smoking and barbecuing outcomes. Advances in smokehouse technology, including digital temperature control and automated smoking steps, also make the products more affordable and easier to use.
The rising consciousness regarding food quality and safety standards inspires producers to abide by government standards, which will be a catalyst for market expansion. The home-based culinary innovation trend is pushing consumers to make purchases of smokehouses to reproduce restaurant-style smoked food at home. Food tourism and the surge in interest for diverse culinary culture are also acting as a driving force, with people becoming increasingly interested in exploring and embracing novel cooking methods, including smoking.
Smokehouse Market Report Highlights
- Outdoor accounted for the largest share of the market at 58.8% revenue in 2023. Its dominance is supported by the popularity of outdoor cooking and barbecuing, with the activity rising as a highly preferred leisure among consumers.
- Electric grill held the highest revenue share of 44.6% in 2023. This high share is due to the ease of use and convenience of electric grills, thus making them a favorite among consumers.
- The smokehouse market in North America held the highest revenue share of 37.4% in 2023. This leadership is due to the widespread ownership of grills in the region, with virtually every household owning a grill.
Type Insights
The outdoor segment led the market with a revenue share of 58.8% in 2023. This leadership is due to the increasing use of outdoor barbecuing and cooking, as it has turned into a preferred activity among various consumers. This trend is spurred by the higher number of social events and functions revolving around outdoor cooking, wherein smokehouses are central to serving distinctive and rich dishes.
Furthermore, innovations in outdoor smokehouse designs, which provide greater durability and ease of use, have improved their appeal to a wider consumer base. The ease of utilization of smokehouses outdoors and growing interest in home-based culinary activities have greatly attributed to the dominance of the segment in the market.
Product Insights
Electric grill held the highest revenue share of 44.6% in 2023. This huge share is due to the convenience and ease of use of electric grills, which are preferred by consumers. Electric grills are safer than conventional charcoal or gas grills for indoor usage, as they offer a controlled cooking environment with less risk of fire hazards.
Furthermore, their convenience and accurate temperature management ensure that they are perfectly suited for all types of cuisine and recipes, pushing them further up in popularity. Therefore, electric grills have emerged as a popular choice in households and institutions, leading to their dominance in the market.
End-use Insights
The commercial segment held the highest revenue share in 2023 due to the growing demand for smoked food products in hotels, restaurants, cafes, and other food service outlets. In addition, hotels, restaurants, and catering services are increasingly using smokehouses to diversify their menus and provide distinctive smoke delicacies.
Regional Insights
North America’s smokehouse market held the highest revenue share of 37.4% in 2023. It owes this leadership due to the high rate of grill ownership in the region, where almost every household has a grill. Also, barbeque culture in America and Canada drives smokehouse demand. Also, the region has well-established brands and smokehouse companies, which are expected to boost the growth of the market in the region.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Smokehouse Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Smokehouse Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
