Global Blender Market Size, Share, Growth Analysis, By Product(Countertop Blenders, Personal Blenders), By Materials(Plastic, Stainless Steel)

Description

Global Blender Market size was valued at USD 2.56 billion in 2021 and is poised to grow from USD 2.69 billion in 2022 to USD 3.91 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).

Blenders, also known as liquidizers, have become increasingly prevalent in kitchens, with a notable shift towards models powered by direct current or rechargeable batteries. This consumer product industry has experienced significant advancements driven by changing consumer preferences towards portable blenders. The market has expanded rapidly due to the introduction of innovative products and solutions. Modern blenders are designed with advanced technology that enables efficient mixing, emulsifying, and pureeing of food items. They have become a popular choice for thousands of individuals who enjoy making milkshakes, liquid appetizers, smoothies, and various juices.

In addition, immersion blenders have gained substantial popularity among both working and non-working populations due to the convenience and safety they offer. The rise of hand blenders aligns with the increasing consumer preference for natural products, which is expected to further drive blender sales in the near future.

Segments covered in this report:

The global blender market segmentation is based on product, materials, and region. Based on product the Blender Market is segmented into countertop blenders, personal blenders, and hand blenders. Based on materials the Blender Market is segmented into plastic, stainless steel, glass, and others. Based on region the global blender market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Driver

The growth of the hand blender market is primarily driven by the continuous improvement in performance and functionality of hand blenders. Technological advancements have led to the development of sophisticated and automated hand blenders, thereby increasing the demand for these products throughout the forecast period. The utilization of variable frequency drives (VFDs) in industrial blender machines is a significant factor that positively influences the global market. Ribbon blenders equipped with VFDs allow for better control of operational loads and equipment speeds, resulting in improved shaft safety. This implementation of VFDs contributes to the expansion of the industrial blender machine market. Another key driver of the blender market is the increasing proportion of women in the global workforce. This demographic shift has resulted in higher average discretionary income in households and has led to women spending less time in the kitchen. As a result, more consumers are inclined to prepare nutritious foods and beverages at home rather than relying on processed and packaged foods. This trend further fuels the demand for blenders in the industry.

Restraint

The blender market is expected to encounter substantial challenges during the projected period, primarily due to the potential presence of counterfeit goods. The availability of low-cost production methods incentivizes the production of counterfeit products. The presence of counterfeit goods in the market can harm the reputation of genuine manufacturers whose products are copied and sold, leading to a decline in consumer confidence and hindering market growth. Ensuring product quality and authenticity can be challenging, particularly with the rise of online shopping. A significant number of customers may not be aware that they are purchasing products that infringe upon intellectual property rights through online distribution channels.

Market Trends

An emerging trend in the industrial jar blender market is the increasing adoption and production of BPA-free jars. Bisphenol A (BPA), as a synthetic compound, has the potential to pose health risks, particularly in the development of the brain and prostate glands in fetuses, newborns, and children. To address this concern, manufacturers are placing greater emphasis on offering consumers materials that are free from BPA.

Product Code: SQSG25I2004

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Blender Market by Product

Market Overview
Countertop Blenders
Personal Blenders
H
Blenders

Global Blender Market by Materials

Market Overview
Plastic
Stainless Steel
Glass
Others

Global Blender Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Vitamix Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Blendtec, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hamilton Beach Brands Holding Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Conair Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cuisinart
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nutribullet, LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oster
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Philips Electronics N.V.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Black+Decker Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Breville Group Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
KitchenAid
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ninja Kitchen
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sunbeam Products Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Waring Commercial, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Panasonic Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kuvings
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Magimix
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Braun GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
JTC Electronics Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Electrolux AB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Blender Market Size, Share, Growth Analysis, By Product(Countertop Blenders, Personal Blenders), By Materials(Plastic, Stainless Steel) - Industry Forecast 2023-2030