The blenders global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Blenders Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The blenders market size has grown strongly in recent years. It will grow from $2.97 billion in 2023 to $3.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the rise in demand for energy-efficient kitchen appliances, patenting of blender designs, the rise of health and wellness trends, the shift towards home cooking, and the influence of celebrity endorsements.
The blenders market size is expected to see strong growth in the next few years. It will grow to $4.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to convenience and time-saving, sustainable, and eco-friendly options, the increasing consumption of smoothies and milkshakes, increasing healthcare awareness, and rising demand for processed foods. Major trends in the forecast period include multi-functional blenders, high-power performance blenders, nutrient extraction blenders, plant-based and functional ingredient blending, and design innovation.
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Scope Of Blenders Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Blenders Market Overview
Market Drivers –
Increasing adoption of healthy lifestyles is expected to propel the growth of the blenders market going forward. Healthy lifestyles entail adopting habits that prioritize physical activity, balanced nutrition, and mental well-being, aiming for overall health and vitality. There is a growing adoption of healthy lifestyles as people become more conscious of the ingredients in their food and the impact of their choices on their health and the environment. Blenders allow users to blend a variety of fruits, vegetables, nuts, seeds, and other wholesome ingredients into smoothies. They can also quickly and easily puree cooked vegetables and legumes to create healthy soups, sauces, and purees. For instance, in May 2022, according to the online survey of 1,005 Americans ages 18 to 80 conducted by International Food Information Council, a US-based non-profit organization that shares science-based information, it was revealed that 52% of Americans claimed to have adhered to a specific diet or eating regimen within the previous year, marking a notable surge from 39% and 43% in 2021 and 2020 respectively. Therefore, the increasing adoption of healthy lifestyles is driving the growth of the blenders market.
Market Trends –
Major companies operating in the blenders market are developing technologically advanced products with innovative accessories, such as interchangeable attachments, that are designed to provide convenience. Interchangeable attachments in blenders refer to additional components or accessories that can be swapped or attached to the main blender unit to enhance its functionality and versatility. For instance, in April 2023, Blendtec, a US-based company that sells commercial and residential blenders, launched all-new Immersion Blender, designed for versatility and convenience in blending, mixing, and pureeing. This blender, equipped with interchangeable attachments including a blending wand, whisk, and chopper, simplifies various blending tasks with its powerful 350-watt motor and 20-speed variable dial. Its soft grip, ergonomic handle, and two power buttons ensure comfort and control, while its stainless-steel driveshaft and blade guarantee durability and performance.
The blenders market covered in this report is segmented –
1) By Product Type: Countertop Blenders, Personal Blenders, Hand Blenders
2) By Material: Plastic, Stainless Steel, Glass, Aluminum, Copper
3) By Sales Channel: Offline, Online
4) By Application: Commercial, Household
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Regional Insights –
Asia-Pacific was the largest region in the blenders market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the blenders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the blenders market report are <b>Panasonic Corporation; Whirlpool Corporation; Koninklijke Philips N.V.; Stanley Black & Decker Inc.; Smeg S.p.A.; B. Braun Melsungen AG; Groupe SEB; DoorDash Inc.; SharkNinja Operating LLC; Cuisinart; Breville Group Limited; Hamilton Beach Brands Holding Company; Vitamix Corporation; Blendtec Inc.; Kuvings; Sunbeam Products Inc.; Nutribullet LLC; Weston Products LLC; Gourmia Inc.; Cleanblend; Bella Housewares; Kenwood Limited; Tribest Corporation; Waring Commercial Inc.; Indpro Engineering Systems Pvt. Ltd. </b>
Table of Contents
1. Executive Summary
2. Blenders Market Report Structure
3. Blenders Market Trends And Strategies
4. Blenders Market – Macro Economic Scenario
5. Blenders Market Size And Growth
…..
27. Blenders Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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