Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.35 Billion | USD 16.86 Billion | 6.95% | 2022 |
The global food blender & mixer market size was worth around USD 8.35 billion in 2021 and is predicted to grow to around USD 16.86 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.95% between 2022 and 2030. The report analyzes the global blender & mixer market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the blender & mixer market.
A food blender is a kitchen appliance used for emulsifying, crushing, or mixing food and other edible items. A typical blender is made of three main components that are a container, a base, and a rotating metal that is powered using electricity with the current passing from the base to the rotating metal. Depending on the power of the blender, some rotating blades are capable of crushing frozen food and ice.
As the needs and requirements of the end-user have changed drastically, companies have also reinvented themselves to keep up with the changing demand which is why different types of food blenders are available in the market. A kitchen mixer is also kitchen equipment and depending on the type it can be called a stand mixer or hand mixer. A mixer uses gear-like mechanisms to rotate the metal beaters attached to the mixer. These beaters are used to whisk, stir, or beat the liquid or solid product present in the bowl which is a part of the entire mixer equipment.
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Key Insights
Product Innovation to propel market demand
The global food blender & mixer market is projected to grow owing to the high rate of product innovations undertaken by the market players. Product innovation is defined as the constant addition of new products or features to old products that help the company stay relevant and meet the volatile demand from the end consumers. With globalization and growing access to information, the food market has grown immensely over the last couple of years.
The change can be seen in the food preference switch in households where families wish to cook and consume different types of food to the emergence of a fine-dining culture where eaters can have access to luxurious cuisines from across the globe. With the change in consumer lifestyle, the market players have to invest in creating products that can help the buyers meet their newfound way of living. For instance, the Vitamix Ascent blender, one of the highly preferred blenders in the hotel industry, comes with around 10 variable speeds, and owing to its heavy base, the blender does not shift even an inch when blending extremely solid food products.
Poor quality mixers and blenders to restrict the market growth
Since food blenders and mixers have become a common sight in almost all households, a lot of players have entered the market that provides low-grade blenders at a high cost. These blenders or mixers fail to function properly after a few months of use or cannot perform well in the case of certain solid food items as the blades or the motor lack the necessary strength required. Not only do such products result in a monetary loss but the components of the blender or mixers go to waste, thus increasing the solid waste quantity by exceptionally high numbers since they cannot be reused. As per official statistics, more than 39.7 million tons of electronic waste are generated every year throughout the world.
Growing disposable income to provide growth opportunities
The global food blenders and mixers market may register higher revenue due to industrialization which results in more employment opportunities. This helps the end-consumer in upgrading their standard of living as the disposable income rises which is even more strengthened due to the growing number of dual-income families. With more money to spare, people can invest in electronic items that make day-to-day life easy. As of 2022, Australia’s unemployment dipped to 3.39% while the participation rate remained over 65%.
The impact of changing political dynamics to challenge the market expansion
Even though food blenders and mixers may look like easy equipment to manufacture, there is a lot of international trade that is associated with the buying and selling of the final product as well the individual components. As the world is currently witnessing a rift between the western and the eastern countries, inter-border trade is bound to get impacted as political and industrial affiliations change. This aspect would be a major challenge for the global market players to navigate through which could result in less revenue than expected.
The global food blender market is segmented based on technology, type, mode of operation, application, and region.
Based on technology, the global market segments are continuous mixing and batch mixing. In 2021, the global market witnessed the highest dominance from the batch mixing segment due to the high applications of the product in the food manufacturing industry on a large scale which is mostly seen on the business level. Batch mixing technology is affordable and extremely precise that provides the highest level of homogeneity and is available for customization as well. High-grade food operators can conduct more than 16000 revolutions per minute.
Based on application, the global market is divided into bakery products, beverages, confectionery, meat products, dairy, and others. Following the trend from 2021, the bakery segment is projected to register the highest growth rate as high-quality blenders and mixers are required to prepare the dough and other items used in the bakery sector. Spiral mixers, the most recommended kind in the baking industry, may cost between USD 5000 to USD 2000 depending on the quality.
Report Attributes | Report Details |
---|---|
Report Name | Food Blender & Mixer Market Research Report |
Market Size in 2021 | USD 8.35 Billion |
Market Forecast in 2030 | USD 16.86 Billion |
Compound Annual Growth Rate | CAGR of 6.95% |
Number of Pages | 258 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Q-Pumps, Pentair PLC, Amixon Mixing Technologies, John Bean Technologies Corporation, Krones AG, ARDE Barinco, Fristam Pumps, Primix B.V., and General Machine Company. |
Segments Covered | By Technology, By Type, By Mode of Operation, By Application By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to witness surging growth during the projection period
The global food blender & mixer market is projected to be dominated by Asia-Pacific in the coming years due to the growing population and changing living conditions, further propelled by the rising disposable income as employment opportunities grow. Countries like Japan, South Korea, and Singapore are highly developed. For instance, Japan has an employment rate of 61.3&. Singapore registered an unemployment rate of 2%. Asia-Pacific is also known as a hub for high-grade and affordable consumer electronic items as regionally manufactured products are more accepted than international brands.
The regional market growth may also be fueled by the relocation of production units to regions like China and India owing to the availability of skilled labor and large areas for setting up manufacturing facilities. Growth in Europe may be driven by the presence of key players in countries like the Netherlands and Germany.
The global food blender & mixer market is led by players like:
By Technology
By Type
By Mode of Operation
By Application
By Region
FrequentlyAsked Questions
The global food blender & mixer market is projected to grow owing to the high rate of product innovations undertaken by the market players. Product innovation is defined as the constant addition of new products or features to old products that help the company stay relevant and meet the volatile demand from the end consumers.
According to study, the global food blender & mixer market size was worth around USD 8.35 billion in 2021 and is predicted to grow to around USD 16.86 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.95% between 2022 and 2030.
The global food blender & mixer market is projected to be dominated by Asia-Pacific in the coming years due to the growing population and changing living conditions, further propelled by the rising disposable income as employment opportunities grow. Countries like Japan, South Korea, and Singapore are highly developed.
The global food blender & mixer market is led by players like Q-Pumps, Pentair PLC, Amixon Mixing Technologies, John Bean Technologies Corporation, Krones AG, ARDE Barinco, Fristam Pumps, Primix B.V., and General Machine Company.
The global food blender & mixer market is projected to grow owing to the high rate of product innovations undertaken by the market players. Product innovation is defined as the constant addition of new products or features to old products that help the company stay relevant and meet the volatile demand from the end consumers.
According to study, the global food blender & mixer market size was worth around USD 8.35 billion in 2021 and is predicted to grow to around USD 16.86 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.95% between 2022 and 2030.
The global food blender & mixer market is projected to be dominated by Asia-Pacific in the coming years due to the growing population and changing living conditions, further propelled by the rising disposable income as employment opportunities grow. Countries like Japan, South Korea, and Singapore are highly developed.
The global food blender & mixer market is led by players like Q-Pumps, Pentair PLC, Amixon Mixing Technologies, John Bean Technologies Corporation, Krones AG, ARDE Barinco, Fristam Pumps, Primix B.V., and General Machine Company.
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