Global Blenders and Juicers Market Estimated to Cross USD 3,320.8 million in 2021: ZMR Report
The major players of blender and juicers market comprise of Omega, Phillips, Kuvings, Panasonic, Braun, Cuisinart, Breville, and Oster. These manufactures are having a strong grip on the global blender and juicers market, thereby setting it up to shine in the future.
As per analysts at Zion Market Research, global blender and juicers market was capitalized at USD 2,334.5 Million in 2015. The blender and juicers market is anticipated to cross USD 3,320.8 Million in 2021 and is expected to develop at a CAGR of 6.1% from 2016 to 2021.
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Rapidly Altering Consumer Preferences To Boost The Global Blender and juicers market
“The global blender and juicers market has developed steadily over the last couple of years owing to rapidly altering consumer preferences,” claim analysts at Zion Market Research. Development of a high-end distinguished juice extractor for household application is anticipated to propel the blender and juicers market development in the years to come. For instance, in 2017, Santos launched its Cold Press Juicer 65. The product was first counter-top commercial juicer that can be employed in front of the user. In developed nations, these items have sustained demand on the back of better awareness, while the infiltration in emerging nations is steadily elevating owing to better living standards and augmented disposable revenue, thereby power the blender and juicers market has developed steadily over the last couple of years owing to rapidly altering consumer. In addition to this, owing to the increasing consumption of confectionaries, beverages, and bakery items, the requirement for blenders and juicers is anticipated to propel blender and juicers market development in the near future.
Increase In The Disposable Income And Import Of Fruits To Bolster The Global Blender and juicers market In Asia Pacific
In Asia Pacific area, people adopting the western culture, the increase in the disposable income, import of fruits, and health awareness are some of the most important factors that are anticipated to boost the juice business. This, in turn, augments the requirement for juicer and blender devices in the region, driving the blender and juicers market growth. Europe was one of the top areas in blender and juicers market in 2015. This was due to high usage of food products such as bakery, snacks, and dairy products. The Middle East & Africa and Latin America added up for least share in the blender and juicers market in 2015 compared to other regions. On the other hand, it these regions are expected show the impressive development in blender and juicers market in years to come due to increasing awareness about health amongst users. The rest of the world will be showing a steady development in the global blender and juicers market in the years to come.
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The global blender and juicers market is segmented as follows:
- Others (sauces, ice crush, etc.)
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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