Global Blender Market

Blender Market Size, Share, Growth Analysis, By Product Type(Countertop Blenders, Personal Blenders, Immersion/Hand Blenders, and Others), By Material Type(Plastic, Stainless Steel, Glass, and Others), By Wattage(> 200 Watts, 200 to 399 Watts, 400 to 699 Watts, and > 1000 Watts), By Distribution Channel(Online and Offline), By Region - Industry Forecast 2024-2031


Report ID: SQSG25I2004 | Region: Global | Published Date: July, 2024
Pages: 165 | Tables: 65 | Figures: 75

Blender Market Dynamics

Blender Market Driver

  • The main drivers propelling the growth of the hand blender market are improved hand blender performance and functionality. Additionally, factors including technological advancements have led to the creation of sophisticated and automated hand blenders, which will in turn increase demand for them through the forecast period.
  • One of the key aspects that will have a favorable influence on the global market for industrial blender machines is the use of variable frequency drives (VFDs) in blenders. Ribbon blenders that have VFDs installed have helped to control variations in operational loads and equipment speeds. The addition of VFDs to blenders improves shaft safety and fuels the expansion of the industrial blender machine market.
  • One of the major factors propelling the blender market is the increase in the proportion of women in the global workforce. This is because it increased household average discretionary income and forced women to spend less time in the kitchen. More consumers are interested in preparing nutritious foods and beverages at home rather than relying on processed and packaged foods, which is another factor driving the blender industry.

Blender Market Restraint

  • During the projected period, the blender market will face significant obstacles from the possibility of counterfeit goods. Low production costs are a key factor that encourages the production of fake goods. The presence of fake goods on the market damages the standing of the actual manufacturers whose goods are copied and marketed, eroding consumer confidence and stunting market expansion. It might be challenging to guarantee product quality and originality with the increase in online shopping. The vast majority of customers are not aware that products are sold in violation of intellectual property rights through online distribution channels.
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FAQs

Global Blender Market size was valued at USD 2.56 billion in 2019 and is poised to grow from USD 2.69 billion in 2023 to USD 3.91 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

Due to local market competition between numerous small regional competitors and well-known international brands, the blender industry is fragmented. Since local players typically provide more affordable items due to lower prices and taxes on completed goods, labor, and raw materials, this rivalry is likely to worsen in the future. The market has become even more fragmented as a result of several significant consumer electronics manufacturers gradually entering the blender business. 'Vitamix Corporation', 'Blendtec, Inc.', 'Hamilton Beach Brands Holding Company', 'Conair Corporation', 'Cuisinart', 'Nutribullet, LLC', 'Oster', 'Philips Electronics N.V.', 'Black+Decker Inc.', 'Breville Group Limited', 'KitchenAid', 'Ninja Kitchen', 'Sunbeam Products Inc.', 'Waring Commercial, Inc.', 'Panasonic Corporation', 'Kuvings', 'Magimix', 'Braun GmbH', 'JTC Electronics Ltd.', 'Electrolux AB'

The main drivers propelling the growth of the hand blender market are improved hand blender performance and functionality. Additionally, factors including technological advancements have led to the creation of sophisticated and automated hand blenders, which will in turn increase demand for them through the forecast period.

A developing trend in the industrial jar blender market is the creation and use of BPA-free jars. As a manufactured substance, BPA has the potential to be damaging to human health, especially in the development of the brain and prostate glands in fetuses, newborns, and children. Because of this, producers are putting more emphasis on providing consumers with BPA-free materials.

In 2021, North America dominated the global blender market. Due to the wide availability of secure, hygienic products, the blender market in North America is predicted to expand at a high rate throughout the forecast timeframe. Sales of blenders are expected to soar in the coming years due to the rising demand for processed foods in the US, Canada, and Mexico. Customers in North America, especially in the US, tend to maintain a healthy diet and consume more nutrient-dense foods, which is expected to lead to a significant increase in the market penetration of portable blenders in the area.

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Global Blender Market

Product ID: SQSG25I2004

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