Boston, MA -- (SBWIRE) -- 06/12/2014 -- As the living space in urbanised areas gets smaller with the growing popularity of condominiums, small cooking appliance gain preferential consideration over their larger counterparts. As such, demand for small cooking appliances is driven by the greater tendency for consumers to opt for a freestanding hob and an electric grill or mini oven instead of purchasing a cooker for kitchens with a limited space.
Ever Good Unlimited maintained its lead in small cooking appliances with a 22% volume share in 2013. The company's continued leadership is attributed to the popularity of its brand, Imarflex, across a wide income group as it offers small cooking appliances of good quality that are sold at a reasonable price. Also contributing to the company's success is the wide distribution of its products to include even online retailers.
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Volume sales of small cooking appliances are predicted to post a CAGR of 6% over the forecast period. With the expected sustained improvements in the country's economy and better financing options, consumers are expected to have better access to owning condominiums or apartments which will likewise drive growth for small cooking appliances which are suitable for these new dwellings with a limited floor space.
Discover the latest market trends and uncover sources of future market growth for the Small Cooking Appliances industry in Philippines with research from Euromonitor's team of in-country analysts.
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The Small Cooking Appliances in Philippines market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
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Our market research reports answer questions such as:
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- What are the major brands in Philippines?
- What is the percentage share for hard and soft coffee pod machines?
- Are freestanding hobs driving growth in Philippines?
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