PUBLISHER: Value Market Research | PRODUCT CODE: 1264196
PUBLISHER: Value Market Research | PRODUCT CODE: 1264196
The global demand for Hand Blender Market is presumed to reach the market size of nearly USD 950.88 MN by 2030 from USD 403.22 MN in 2022 with a CAGR of 11.32% under the study period 2023 - 2030.
A hand blender is used to blend, puree, or emulsify food and other liquids. These blenders do not have their container. Instead, they are made of revolving blades that aid in mixing materials in a container. For commercial applications, giant hand blenders blend larger batches of mixes. Liquids, sauces, and soups are commonly combined with hand blenders. Hand blender has a lower price, is more popular, and has a more significant application in the home. Hand blenders are frequently used in domestic and commercial settings, such as bakeries and small food establishments.
The global hand blender market is expanding due to changing lifestyles and a desire to cook less. The market's primary driver is projected to be rising expenditure on portable kitchen appliances to make cooking more convenient for homes. Furthermore, global shifts in middle-income age groups' tastes for a luxury lifestyle are predicted to boost spending on modern kitchen gadgets such as hand blenders. The international hand blender market is driven by rising disposable income in developing nations and increased internet penetration. Moreover, as restaurants and hotels have grown, the commercial hand blender market has also increased. On the other hand, the availability of counterfeit products has hampered the hand blender market's growth over the projection period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hand blender. The growth and trends of hand blender industry provide a holistic approach to this study.
This section of the hand blender market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Hand Blender market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hand blender market include BSH Home Appliances Group, Koninklijke Philips N.V., Panasonic Corporation, Whirlpool, Wonderchef Home Appliances Pvt. Ltd, Braun GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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