Sarasota, FL -- (SBWire) -- 10/30/2017 --According to the report, global blenders and juicers market size was valued at USD 2,334.5 million in 2015, is expected to reach USD 3,320.8 million in 2021 and is anticipated to grow at a CAGR of 6.1% between 2016 and 2021.
Blenders and juicers are multipurpose electronic appliances that have a variety of uses in the home and industries. Blenders also emulsify softer food ingredients such as yogurt, which ultimately results in a thick consistency and smooth texture. A juicer is a machine that creates clear juices without fiber and there are different types of juicers with various features available in the market. Centrifugal juicer type is most commonly used in the market. Latest advancements in blender and juicer designs have added advantage to the rising ability of food companies and meeting their requirement for consistency and growing novel products while also lowering production costs.
There are two main types of blenders such as; jug blender and single serving blender. Though the working mechanism of a juicer and a blender is different, both the appliances have common areas of application.
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The worldwide market for blenders and juicers is expected to grow at the significant rate due to increasing health consciousness among consumers. Rising disposable income of people in emerging countries and growing demand from industries such as bakery, dairy, and beverages also fuel the demand for blenders and juicers in the forecast period. Emerging countries present a feasible market for blenders and juicers manufacturers, as these regions are budding as potential markets with the easy availability of raw materials. However, tremendous growth in the processed food industry may hamper the market growth in the forecast period. Advancement of new technologies along with innovations of novel products is expected to open lucrative opportunities for the manufacturers operating in the blenders and juicers market.
Global blenders and juicers market has been segmented based on the basis of application and region. On the basis of application, blenders and juicers market is classified into the bakery, dairy, beverage, confectionery, and other applications. Beverage segment accounted for largest share of the market in 2015 owing to increasing health consciousness among consumers. Dairy was the second largest application segment of global blenders and juicers market in 2015 due to the increasing use of blenders in the dairy industry for preparation of dairy products such as ice-cream, milk, yogurt and others.
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Geographically, juicers and blenders market can be segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America was the largest market for blender and juicer market in 2015 owing to increased consumption of food products such as bakery, confectionery and dairy products in the U.S. and Canada. Europe is anticipated to be the second largest market in terms of revenue during the forecast period. The market in the Asia-Pacific region is estimated to grow at the higher pace as compared to the market in developed regions.
The blenders & juicers market is fragmented, with the leading companies driving the growth. The study provides qualitative analyses of the well-known market players and their preferred business strategies. The key players of blender and juicer market include Phillips, Omega, Panasonic, Kuvings, Cuisinart, Braun, Breville, Gaungdong Xinbao Electrical Appliances Holdings Co. Ltd., Foshan Shunde Ouke Electrical Appliances Holdings Co. Ltd., and Oster.
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Blenders and Juicers Market Will Cross USD 3,320.8 Million in 2021: A to Z Research
According to the report, global blenders and juicers market was valued at USD 2,334.5 million in 2015, is expected to reach USD 3,320.8 million in 2021 and is anticipated to grow at a CAGR of 6.1% between 2016 and 2021.