![]() These companies are aggressively foray into the market with new products and services to cater to the growing demands of consumers. The key players in the market are General Electric, Philips, Bosch, KitchenAid, Samsung, and Waring. This growth is attributed to the increasing trend of healthy living and more people preferring healthy food options. The global handheld blender market is expected to grow at a CAGR of 7.7% during the forecast period 2018-2028. Handheld Blender Market to Generate Revenue of $424 Million by 2028 Across all of these areas, SkyQuest believes that the blender industry will continue to grow over the next several years as new challenges are addressed and new opportunities are seized. In addition, they will need to work with partners such as food and beverage companies to create larger-scale production lines that can produce lower-cost beverages. ![]() To overcome these challenges, blender manufacturers need to improve their innovation and design capabilities. Meanwhile, consumers are starting to demand more health-conscious beverage options. With continuous technological advancements in blending technologies, there is an opportunity for manufacturers to design more effective and efficient machines. Some factors that could affect this market growth include increased awareness of healthy living and convenience appeal of portable blenders for on-the-go meal preparation. Industrial blenders, however, are projected to experience relatively slower growth rates with a CAGR of around 4%. Portable blenders will witness the fastest growth with a CAGR of more than 20%. In terms of shipments, the commercial desktop blender segment will account for the majority of total sales with a market share of more than 60% by the end of 2028. SkyQuest Analysis of Global Blender Market The growing popularity of Probiotic-based drinks is also contributing significantly to the market growth. The global blender market has witnessed a significant growth in the past few years owing to multiple factors such as increasing adoption of healthy lifestyle habits, rising demand for functional drinks and enhanced food processing capacities. In addition, the report provides detailed competitive landscape analysis including company profiles, product offerings, and key developments. The report covers product types, end users, regions, and application segments across the globe. Nutrient-rich foods such as leafy greens and fruits are blended together using various blade attachments that extract all their nutrients. Traditional blenders are used for making beverages, smoothies, ice cream, batters, soups, doughs, etc., with different shapes blades that chop or crush ingredients uniformly without leaving lumps or pieces stuck in the blades. The Asia Pacific market is estimated to grow at the highest CAGR in the years to come. The North American blender market is the largest with over 30% market share and is forecast to grow at a CAGR of 3.7% during the forecast period. ![]() These key drivers are in addition to increasing interest in plant-based diets, which have driven growth of vegan and vegetarian products. This growth is attributable to the penetration of blenders into households across geographies and Millennials overtaking Baby Boomers as the largest generation in the United States and across the globe. 29, 2022 (GLOBE NEWSWIRE) - Blender market is projected to grow at a CAGR of 4.80% between 20, according to SkyQuest. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.Westford, USA, Nov. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages.
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