What is the Global market size of the Blender Market?

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).

Blender Market Size, Share, Growth Analysis, By Product Type, By Technology, By Application, By Distribution Channel, By Region - Industry Forecast 2024-2031

Report ID: SQSG25I2004 | Region: Global | Published Date: December, 2024
Pages: 165 | Tables: 65 | Figures: 75

Blender Market Insights

Global Blender Market size was valued at USD 3.20 billion in 2022 and is poised to grow from USD 3.39 billion in 2023 to USD 5.32 billion by 2031, growing at a CAGR of 5.8% during the forecast period (2024-2031).

Blenders often referred to as liquidizers, that are powered by direct current or rechargeable batteries are now largely used in kitchens. The consumer products industry has advanced tremendously as a result of shifting consumer preferences for portable blenders. The sector has expanded quickly thanks to cutting-edge products and solutions. Due to technological advancements, blenders are primarily made for mixing, emulsifying, and pureeing food products. Thousands of individuals use blenders to make milkshakes, liquid appetizers, smoothies, and their favorite juices.

Furthermore, due to the ease and safety, it provides users, immersion blenders have gained significant popularity among both working and non-working populations. The emergence of hand blenders coincides with a movement in customer choice favoring natural products, which is expected to boost blender sales in the not-too-distant future.

US Blender Market is poised to grow at a sustainable CAGR for the next forcast year.

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Due to local market competition between numerous small regional competitors and well-known international brands, the blender industry is fragmented. Since local players typically provide more affordable items due to lower prices and taxes on completed goods, labor, and raw materials, this rivalry is likely to worsen in the future. The market has become even more fragmented as a result of several significant consumer electronics manufacturers gradually entering the blender business. 'Vitamix ', 'Blendtec ', 'Breville ', 'Hamilton Beach ', 'KitchenAid ', 'SharkNinja ', 'Sunbeam Products ', 'Cuisinart ', 'Capital Brands ', 'Braun ', 'Smeg ', 'Panasonic ', 'Philips ', 'Kenwood ', 'Electrolux ', 'Conair Corporation ', 'Hurom ', 'Bosch ', 'Russell Hobbs'

The main drivers propelling the growth of the hand blender market are improved hand blender performance and functionality. Additionally, factors including technological advancements have led to the creation of sophisticated and automated hand blenders, which will in turn increase demand for them through the forecast period.

A developing trend in the industrial jar blender market is the creation and use of BPA-free jars. As a manufactured substance, BPA has the potential to be damaging to human health, especially in the development of the brain and prostate glands in fetuses, newborns, and children. Because of this, producers are putting more emphasis on providing consumers with BPA-free materials.

In 2021, North America dominated the global blender market. Due to the wide availability of secure, hygienic products, the blender market in North America is predicted to expand at a high rate throughout the forecast timeframe. Sales of blenders are expected to soar in the coming years due to the rising demand for processed foods in the US, Canada, and Mexico. Customers in North America, especially in the US, tend to maintain a healthy diet and consume more nutrient-dense foods, which is expected to lead to a significant increase in the market penetration of portable blenders in the area.

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Blender Market Size, Share, Growth Analysis, By Product Type, By Technology, By Application, By Distribution Channel, By Region - Industry Forecast 2024-2031

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