India Mixer Grinder Market Trends: Insights into Revenue, Growth Drivers, and Distribution Channels (2023-2029) - 6Wresearch

Mixer grinders of up to 550 W generated the highest revenue as it is suitable for mainly individuals and nuclear families in households for grinding and mixing. According to motor capacity, 550 W to 750 W mixer grinder produces moderate revenue as it has multiple uses in residential as well as adopted by mostly low dimension restaurants.

According to 6Wresearch, the India Mixer Grinder Market is projected to grow at a CAGR of 10.7% during 2023-2029F. India's Mixer Grinder market witnessed significant growth during 2019-22, owing to the robust supply of households and hotels in the country. For instance, the number of households increased from 270 million in 2015 to 302 million in 2021. Moreover, the travel and hotel industry witnessed a 35-40 per cent increase in 2022, which generated a significant demand for mixer grinders in households and HoReCa industry.

The market is expected to grow in upcoming years on the back of rising residential and hospitality sectors along with the estimated rise in population over the coming years. The hospitality sector is expected to witness a robust supply of 285 hotels over the coming years along with a rising tourism sector as the tourism sector is expected to grow at the rate of 7-9% which would contribute $250 billion to GDP by 2030 which would generate lucrative demand of mixer grinder over the coming years.

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According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, offline distribution channel garnered the majority revenue share in India mixer grinder market in 2022 owing to the ease of availability of electronic shops near every locality and lack of waiting time period for the product. Additionally, the Indian population prefer offline channels as they enable people to interact with the supplier of the product, investigate its technological features and operation as some of the information might not be available on online sites, physically check for any damage and have a first-hand experience of the product.

The India Mixer Grinder Market (2023-2029) report provides an in-depth analysis with 20 figures and 6 tables, covering 68 pages. The report comprehensively covers the market by motor capacity, end user, distribution channels, and regions. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.

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