Blenders & Juicers Market Size, Share, Growth, and Industry Growth by Type (Blenders and Juicers), By Application (Commercial Use and Household Use) Regional Forecast (2022-2028)

REPORT OVERVIEW

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The global blenders & juicers market size was USD 2.8 billion in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with blenders & juicers experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 3.1 billion by 2028, exhibiting a CAGR of 5.8 % during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

A blender is a valuable appliance. It is used for liquefying food and other items such as fruits and vegetables. The device is operated electrically, and things are chopped finely by use of sharp blades spinning at high speed. Blenders are commonly used for making smoothies, making baby food, blending ice for cocktails, and even for mixing two or more items. a juicer is used to extract juice from vegetables and fruits. Juicer extractors have stronger motors than compare to ordinary juicers. It is able to extract juice from hard vegetables and roots such as as process seeds, nuts, and meat.

Blenders & juicers market growth is attributed to the growing usage of bakery and dairy products. growing e-commerce industry across the globe is expected to propel the growth of market. Further, increasing concerns and consciousness about health and  fitness is also anticipated to increase product demand. The intelligent kitchen trend is expanding among consumers and is expected to fuel market growth. In addition, increasing GDP growth across the globe encouraged the trend for western life, which is predicted to drive the product demand. Changing living standards of consumers across the globe is one of the driving factors of the global blenders & juicers market.

COVID 19 Impact: Lockdown Restrictions Impacted Supply-Chain Operations of Market

Most industries were negatively impacted during the COVID-19 pandemic. The blenders & juicers market witnessed significant disruption in the manufacturing and supply-chain operations. Strict lockdown restrictions impacted the product demand globally.  Closure  of hospitality industry slowed down the market growth. Further, consumer demand has subsequently reduced the non-essential expenses due to the decline in the economic status of most individuals.

However, growing awareness for of health & fitness among population increase the demand for the market. Further, working from home boost the consumption of smoothies and quick juice, which directly boosts the growth of market. In addition, respective governing authorities have begun to lift lockdown restrictions which are expected to recover market growth accordingly.

LATEST TRENDS

"Increasing Usage of Dairy and  Bakery Products to Develop Market Growth "

Increasing production of dairy products globally is expected to accelerate blenders & juicer's market growth. increasing dairy industry is anticipated to increase product demand. Further, the growing demand for easily digestible and presence of vitamin drinks is expected to increase product demand among the consumers. Further, the growing demand for bakery products for various occasions is expected to increase the adoption of blenders & juicers among the bakers. Quick and fast blending qualities are prompting the market growth. Moreover, increasing health and fitness concerns is anticipated to aid market growth during the forecast period.

SEGMENTATION

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• By Type

On the basis of type, the market is classified into blenders and juicers.

Blenders is the leading segmentation of the market type.

• By Application

Based on application, the market is divided into commercial use and household use.

Commercial use is the leading market application.

DRIVING FACTORS

"Growing Tourism Industry to Aid Market Growth  "

increasing hotel and restaurant industry is expected to raise the demand for blenders & juicers in kitchenware products. Further, increasing infrastructural growth associated with juice shops and bars is expected to increase the consumption of blenders & juicers. In addition, growing GDP across the globe raised influence of western lifestyle, which is predicted to drive market growth. The change in lifestyle and smart kitchen trend are expected to increase the demand for the product.

"Rising Demand for Technologically Enabled Kitchenware Products to Boost Product Demand"

The growing need for technological-enabled kitchenware products is expected to propel market growth. increasing demand for smart housing is projected to drive market growth. Further, renovation and remodeling activities in residential and commercial places is expected to boost product demand. In addition, increasing income of the global population creates demand for smart kitchenware products and is anticipated to drive market growth. growing adoption of the healthy breakfast culture across the globe is anticipated to boost the adoption of blenders & juicers.

RESTRAINING FACTORS

"Availability of Alternative Products to Restrict Product Demand "

The availability of alternative products such as grinders and mixers is expected to restrict market growth. Further, a growing necessity for repairing the blenders & juicers is likely to hamper market growth. In addition, high cost of the product may hinder the market growth during the forecast period.

REGIONAL INSIGHTS

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Asia Pacific is expected to hold the largest blenders & juicers market share due to western lifestyle's influence. Increasing health & fitness awareness among consumers is expected to propel market growth. Further, the increasing demand for dairy products and growing disposable income of consumers is also boosting market growth.

Europe is expected to show significant growth during the forecast period due to increasing use of dairy products and food in the region.

Asia Pacific is expected to witness considerable growth due to rising infrastructural facilities related to the hotels and restaurants. Further, the increasingly health-conscious population in the region has given rise to the consumption of nutritious juices and fruits as dietary food items are expected to drive market growth.

Latin America shows promising growth due to the increasing demand for blenders and juicers from the processed food & beverage industry. Further, changing consumer preference toward a healthy lifestyle in the region is expected to propel product adoption during the forecast period.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Launch Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Omega (U.S.)
• Breville (Australia)
• Oster (Sunbeam) (U.S.)
• Hurom (South Korea)
• Braun (Germany)
• Cuisinart (U.S.)
• Kuvings (South Korea)
• Philips (Netherlands)
• Panasonic (Japan)
• Electrolux (Sweden)
• Hanssem (South Korea)
• Joyoung (China)
• Supor (China)
• Midea (China)
• Donlim (Guangdong Xinbao) (China)
• SKG (U.S.)
• Bear (U.S.)
• ACA (Elec-Tech) (U.S.)
• Deer (U.S.)
• Xibeile (Shuai Jia) (China)
• Ouke (France)

INDUSTRIAL DEVELOPMENT

March 2018 –Weight Watchers International, Inc. launched a new collection of WW Healthy Kitchen. It includes juicers, cutlery,water bottles containing built-in tea, and a fruit infuser. These products helps consumers to cook healthier food quickly.

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.