Press release
Emerging Trends to Drive Blenders Market Growth at 6.2% CAGR Through 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Blenders Market Size Growth Forecast: What to Expect by 2025?
The market size of blenders has seen robust growth in the past few years. The market is projected to expand from $3.17 billion in 2024 to $3.35 billion in 2025, marking a compound annual growth rate (CAGR) of 5.9%. This growth in the historical period can be traced back to the increasing demand for energy-saving kitchen appliances, patented blender designs, emerging health and wellness trends, a shift towards home-based cooking, and the significant impact of celebrity endorsements.
How Will the Blenders Market Size Evolve and Grow by 2029?
The predicted growth rate for the blenders market is robust in the coming years, reaching a market worth of $4.27 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%. The projected expansion during this forecast period is linked to various factors like the need for convenient and time-saving, eco-friendly and sustainable options, a rise in the consumption of smoothies and milkshakes, enhanced health consciousness, and an increased demand for processed foods. Key trends to watch during this forecast period encompass multi-purpose blenders, blenders with high-power output, blenders designed for extracting nutrients, blending of plant-based and functional ingredients, along with innovative design concepts.
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What Drivers Are Propelling the Growth of Blenders Market Forward?
The shift towards healthier living is predicted to boost the blenders market in the foreseeable future. By committing to regular physical exercise, balanced diets, and mental wellness, individuals strive for greater health and vitality, embodying the essence of healthy living. With an increased consciousness about food content and its effect on personal health and the environment, more people are adopting healthier lifestyles. Blenders play a pivotal role, enabling individuals to blend an array of fruits, vegetables, seeds, nuts, and other nutritious ingredients into smoothies. They also facilitate the effortless pureeing of cooked vegetables and legumes for nutritious soups, sauces, and purees. For example, the Office for National Statistics, a government agency based in the UK, reported that over 86.5% of adults in Great Britain initiated lifestyle modifications to address environmental issues. This information was based on survey responses collected from May to June 2023. Thus, the growing inclination towards healthier living practices is fuelling the expansion of the blenders market.
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What Are the Key Trends Driving Blenders Market Growth?
Leading corporations in the blenders industry are creating technologically superior products with cutting-edge accessories, like interchangeable attachments, to provide ease of use. Interchangeable attachments for blenders are add-on parts or accessories that can be swapped or connected to the main blender device to increase its usability and diversity. For instance, Blendtec, a residential and commercial blender company situated in the US, launched the Immersion Blender in April 2023. It was designed with a focus on ease and versatility in blending, mixing, and pureeing. The blender comes with exchangeable attachments such as a blending wand, whisk, and chopper, utilizing a powerful 350-watt engine and a 20-speed variable dial to simplify blending tasks. Its soft-grip, ergonomically shaped handle and dual power buttons enhance comfort and control. Its stainless-steel drive shaft and blade offer superb durability and functionality.
What Are the Key Segments in the Blenders Market?
The blendersmarket covered in this report is segmented -
1) By Product Type: Countertop Blenders, Personal Blenders, Hand Blenders
2) By Material: Plastic, Stainless Steel, Glass, Aluminum, Copper
3) By Sales Channel: Offline, Online
4) By Application: Commercial, Household
Subsegments:
1) By Countertop Blenders: High-performance Blenders, Standard Countertop Blenders
2) By Personal Blenders: Single-serve Blenders, Portable Blenders
3) By Hand Blenders: Corded Hand Blenders, Cordless Hand Blenders
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Who Are the Key Players Shaping the Blenders Market's Competitive Landscape?
Major companies operating in the blenders market report are Panasonic Corporation; Whirlpool Corporation; Koninklijke Philips N.V.; Stanley Black & Decker Inc.; Smeg S.p.A.; B. Braun Melsungen AG; Groupe SEB; DoorDash Inc.; SharkNinja Operating LLC; Cuisinart; Breville Group Limited; Hamilton Beach Brands Holding Company; Vitamix Corporation; Blendtec Inc.; Kuvings; Sunbeam Products Inc.; Nutribullet LLC; Weston Products LLC; Gourmia Inc.; Cleanblend; Bella Housewares; Kenwood Limited; Tribest Corporation; Waring Commercial Inc.; Indpro Engineering Systems Pvt. Ltd.
What Geographic Markets Are Powering Growth in the Blenders Market?
Asia-Pacific was the largest region in the blenders market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the blenders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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