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Mixer Grinders Market Top Segments, Market Growth And Production Analysis 2024
Mixer Grinders Market
As per the report, the mixer grinders market size has grown steadily in recent years. It will grow from $13.19 billion in 2023 to $13.85 billion in 2024 at a compound annual growth rate (CAGR) of 5%. The mixer grinders market size is expected to see strong growth in the next few years. It will grow to $17.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
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Work-From-Home Trend Boosts Mixer Grinder Market Growth
The increasing population of work from home is expected to propel the mixer grinder market going forward. Work from home refers to performing one's job duties remotely from a personal residence. The work-from-home practice has benefits for work-life balance, potential cost savings, and flexibility. Mixer grinders are highly beneficial appliances for home cooking and food preparation practices. They offer convenience, efficiency, and versatility in various culinary tasks, allowing individuals to focus on their work-from-home responsibilities without spending excessive time in the kitchen. For instance, in April 2023, according to the U.S. Census Bureau, a US-based government administration, between 2019 and 2021, the quantity and proportion of individuals working from home increased significantly, with the number doubling from approximately 9 million workers, or 5.7%, to around 28 million workers, constituting 17.9% of the workforce. Moreover, the proportion of women engaged in home-based work rose slightly from 50.7% in 2019 to 51.3% in 2021. Therefore, the increasing population of work-from-home workers drives the growth of the mixer grinder market.
Innovations In Military-Grade Jars Redefine Market Competitiveness
Major companies operating in the mixer grinder market are developing innovative products such as military-grade jars, to gain a competitive edge with a better product offering. Military-grade jars are crafted to possess unparalleled durability and endure kitchen mishaps and falls while retaining their original condition without dents or damage. For instance, in October 2023, Bajaj, an India-based consumer appliances company, launched Military Series Mixed Grinders. The BAJAJ military series of mixed grinders boasts DuraCut blades, which are renowned for their durability and backed by a lifetime warranty, establishing pioneering benchmarks in the industry. It is available in a range of wattages and vibrant colors. These mixer grinders showcase numerous user-friendly functionalities and a modern design aesthetic.
The mixer grinders market covered in this report is segmented -
1) By Product Type: Stand Mixer, Traditional Mixer
2) By Distribution Channel: Multi-Brand Stores, Exclusive Stores, Online Store, Other Distribution Channels
3) By End-User: Residential, Commercial
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Major companies operating in the mixer grinders market are Panasonic Corporation, Koninklijke Philips N.V., Stanley Black & Decker Inc., Havells India Limited, TTK Prestige Limited, Crompton Greaves Consumer Electricals Ltd, Bajaj Electricals Limited, V-Guard Industries Limited, Orient Electric Limited, Preethi Kitchen Appliances Pvt. Ltd., Eveready Industries India Limited, Maharaja Whiteline, Stovekraft Pvt. Ltd., Singer India Limited, Kenstar Appliances, Usha International Limited, Boss Home Appliances, Maya Appliances Pvt Ltd, Wonderchef Home Appliances Pvt. Ltd., Sujata Appliances Pvt Ltd, Jaipan Industries Limited, Glen Appliances Pvt Ltd, Kanchan Appliances Pvt. Ltd., Rico Appliances Pvt. Ltd., Signora Care
Contents of the report:
1. Executive Summary
2. Mixer Grinders Market Report Structure
3. Mixer Grinders Market Trends And Strategies
4. Mixer Grinders Market - Macro Economic Scenario
5. Mixer Grinders Market Size And Growth
…..
27. Mixer Grinders Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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