This increase in popularity is expected to spur growth in the handheld blender market. Additionally, these brands are working to enhance their customer base through innovative marketing strategies such as social media marketing and collaborations with celebrity chefs. These companies are aggressively expanding their product lines, making available more models that can handle a wider variety of ingredients. In 2021, GE captured a significant share in Japan with its Frother Single serve electric handheld blender and continues to hold a stronghold in Silicon Valley with its popular Bullet blenders. The company in the global blender market is also focusing on growing its business in APAC region. These brands are leading the pack by introducing innovative products that appeal to consumers.īrowse summary of the report and Complete Table of Contents (ToC):Īmongst these players, GE stands out with its broad product portfolio comprising blenders for various user scenarios including personal care, culinary, convenience stores and manufacturing. These companies include Blendtec, Vita-Mix, and Ninja Blender. Many companies are investing in this niche market because of its high potential for revenue generation. Additionally, the growth of the e-commerce market is also contributing to the handheld blender market's growth. These companies are aggressively foray into the market with new products and services to cater to the growing demands of consumers. The key players in the market are General Electric, Philips, Bosch, KitchenAid, Samsung, and Waring. This growth is attributed to the increasing trend of healthy living and more people preferring healthy food options. The global handheld blender market is expected to grow at a CAGR of 7.7% during the forecast period 2018-2028. Handheld Blender Market to Generate Revenue of $424 Million by 2028 Across all of these areas, SkyQuest believes that the blender industry will continue to grow over the next several years as new challenges are addressed and new opportunities are seized. In addition, they will need to work with partners such as food and beverage companies to create larger-scale production lines that can produce lower-cost beverages. To overcome these challenges, blender manufacturers need to improve their innovation and design capabilities. Meanwhile, consumers are starting to demand more health-conscious beverage options. With continuous technological advancements in blending technologies, there is an opportunity for manufacturers to design more effective and efficient machines. Some factors that could affect this market growth include increased awareness of healthy living and convenience appeal of portable blenders for on-the-go meal preparation. Industrial blenders, however, are projected to experience relatively slower growth rates with a CAGR of around 4%. Portable blenders will witness the fastest growth with a CAGR of more than 20%. In terms of shipments, the commercial desktop blender segment will account for the majority of total sales with a market share of more than 60% by the end of 2028. SkyQuest Analysis of Global Blender Market The growing popularity of Probiotic-based drinks is also contributing significantly to the market growth. The global blender market has witnessed a significant growth in the past few years owing to multiple factors such as increasing adoption of healthy lifestyle habits, rising demand for functional drinks and enhanced food processing capacities. In addition, the report provides detailed competitive landscape analysis including company profiles, product offerings, and key developments. The report covers product types, end users, regions, and application segments across the globe. Nutrient-rich foods such as leafy greens and fruits are blended together using various blade attachments that extract all their nutrients. Traditional blenders are used for making beverages, smoothies, ice cream, batters, soups, doughs, etc., with different shapes blades that chop or crush ingredients uniformly without leaving lumps or pieces stuck in the blades. The Asia Pacific market is estimated to grow at the highest CAGR in the years to come. The North American blender market is the largest with over 30% market share and is forecast to grow at a CAGR of 3.7% during the forecast period. These key drivers are in addition to increasing interest in plant-based diets, which have driven growth of vegan and vegetarian products. This growth is attributable to the penetration of blenders into households across geographies and Millennials overtaking Baby Boomers as the largest generation in the United States and across the globe. 29, 2022 (GLOBE NEWSWIRE) - Blender market is projected to grow at a CAGR of 4.80% between 20, according to SkyQuest.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |