IoT Kitchen System Market Size

IoT Kitchen System Market Size

Internet of Things (IoT) Kitchen System Market size was valued at USD 20 billion in 2023 and is estimated to register a CAGR of over 15% between 2024 and 2032, propelled by the rising consumer demand for convenience, personalization, and automation in the culinary space. Smart appliances, voice-controlled assistants, and integrated apps are creating connected ecosystems that cater to individual preferences, dietary needs, and cooking styles.

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The systems adapt kitchen activities to individual needs by using data analytics and Machine Learning (ML) algorithms to identify user preferences, habits, and dietary restrictions. Consumers increasingly crave culinary journeys tailored to their unique needs and preferences, fueling the growth of smart appliances that learn user habits, adjust settings automatically, and recommend recipes based on dietary restrictions and past selections.

Recipe apps further personalize the experience by suggesting meals aligned with individual profiles and available ingredients. Their nutritional analysis capabilities support conscious food choices while integration with health trackers enables portion control and recipe selection. For instance, in October 2023, LG, an electronics company, partnered with SideChef, a meal planning platform, to integrate its recipes directly into their ThinQ Recipe platform. This allows users to access personalized meal plans and cooking instructions customized to their dietary needs and preferences, directly on their LG smart appliances.

This includes filtering recipes by allergies, intolerances, specific food types (vegan, gluten-free, etc.), and the desired cuisine. Once a recipe is chosen, users can seamlessly send cooking instructions directly to their LG oven range. This includes automatic adjustments to temperature, time, and cooking modes based on the selected recipe and individual appliance capabilities.

Power consumption and energy efficiency hinder wider product adoption and long-term sustainability. Connecting appliances to the internet and adding features, such as voice control, remote monitoring, and automated functions, translates into higher energy demands. This can contribute to rising household energy bills and put a strain on power grids, especially in the cases of extensive adoption.

While connected appliances provide convenience and automation, they often require continuous electricity to stay connected and working, resulting in greater energy use. Innovative approaches are needed to address these problems, such as optimizing device power during idle times, integrating energy-efficient hardware components, and employing scheduling algorithms, to reduce energy waste.