A blender is a kitchen appliance used to prepare the smoothie, milkshakes, puree of various vegetables, fruits and emulsify liquids. Increased demand and consumption of beverages, smoothies, and juices are likely to drive the demand for blenders and juicers. Further, the growing innovation in technology in terms of kitchen appliances owing to the inclination of the customer to the use of advanced kitchen appliances is further propelling the market growth.
As per the latest report added by Value Market Research, the Global Blenders And Juicers Market was valued at around USD 2650 Million in 2017 and is expected to reach around USD 3800 Million in 2025 growing at a CAGR of around 6%.
DAIRY LEAD THE APPLICATION SEGMENT
Dairy application dominated with X.X% share in 2017. The dairy industry is the major application segment of the juicer and blender market owing to use in the production of milk products such as yogurt, ice cream, and others. Therefore, the growing dairy industry along with the growing demand for dairy products worldwide is driving the growth of the segment.
ASIA PACIFIC RULING GLOBAL BLENDERS AND JUICE INDUSTRY
North America accounted for over 35% share in 2017. The growth of the market can be attributed to the rise in disposable income, rising health awareness, along with the adoption of western culture among the population has driven the regional market growth.
COMPETITIVE INSIGHT
Omega, Philips, Panasonic, Breville, Cuisinart, Gaungdong Xinbao Electrical Appliances Holdings Co. Ltd. and others.
As per this study, the Global Blenders And Juicers Market was valued USD 4.1 MN (by revenue) in 2021 and is anticipated to reach USD 7.04 MN by 2028 with a CAGR of 8.01%.
Blender is a kitchen appliance used to prepare smoothie, milkshakes, puree of various vegetables, fruits and can emulsify liquids. Blenders with high motor power have the ability to crush ice. It can also be used in microbiology labs for homogenizing, grinding, blending and processing chemicals and samples. Whereas, juicer is a kitchen appliance used to extract juice from the variety of fruits, vegetables, and even meat. Juicer separates the liquid from the pulp by either among crushing, grinding or squeezing out the juice.
Market Dynamics
Blenders and juicers market has grown immensely in the past few years owing to an inclination of the customer to the use of advanced kitchen appliances. Technological advancement and R&D for production of new appliances with low noise and computerized control are likely to drive market growth in the following timespan. In urban areas, the demand for blenders and juicers are high owing to the improved standard of living followed by awareness of product with increased disposable income of the potential customers is presumed to boost the market growth. Also, increased demand and consumption of beverages, smoothies, and juices have presumed to drive blenders and juicers market. However, growth in the processed industry due to changing lifestyle, growing trend of easy to cook food and high disposal income of the population may suppress the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of blenders and juicers.
Market Segmentation
The broad blenders and juicers market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- Bakery
- Dairy
- Beverage
- Confectionary
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for blenders and juicers in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Blenders And Juicers Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the blenders and juicers market include Braun, Breville, Cuisinart, Foshan Shunde Ouke Electrical Appliances Holdings Co. Ltd., Gaungdong Xinbao Electrical Appliances Holdings Co. Ltd., Kuvings, Omega, Oster, Panasonic, and Phillips. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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