portland, OR, Aug. 22, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global mixer grinder market collected USD 12.70 billion in 2021 and is estimated to generate USD 18.18 billion by 2031, exhibiting a CAGR of 3.7% from 2022 to 2031. The report provides an extensive analysis of the market’s changing dynamics, key segments, value chain , the competitive scenario and the regional landscape. This research provides valuable guidance to key players, investors, shareholders and startups in devising strategies for sustainable growth and gaining competitive edge in the market.
Report coverage and details:
|Report coverage||The details|
|Market size in 2021||12.70 billion dollars|
|Market size in 2031||18.18 billion dollars|
|Number of pages in the report||325|
|Segments covered||Product Type, End User, Distribution Channel and Region.|
|leader||Increasing the number of food outlets such as hotels and restaurants|
|Increase in business-related travel|
|Expansion of the food service industry|
|OppORTuNiTy||Rising to the cloud kitchen trend|
|RESTRICTIONS||Intense competition and alternatives to mixers|
Get the detailed analysis of the impact of COVID-19 on the Mixer Grinder Market: https://www.alliedmarketresearch.com/request-for-customization/17298?reqfor=covid
The Covid-19 scenario:
- The spread of the COVID-19 pandemic had a slight negative impact on the growth of the global mixer grinder market at the initial stage. This was due to disruptions in supply chains and distribution channels.
- However, these losses were recovered in the later stages as lockdowns forced everyone to stay at home and consumers began to pursue their various hobbies. There was a rapid increase in the number of residential consumers who were developing interest in baking and cooking various types of food and desserts at home. This increase in interest helped increase mixer grinder sales.
- New recipes and guides were circulating the Internet as trends, and many consumers were eagerly following those trends. Most of the foods that people cooked required extensive mixing and preparation of the dough, which is a difficult process if done by hand. Due to these difficulties, consumers began to purchase mixer grinders to make such processes easier and more efficient than manual processes, which led to an increase in mixer grinder sales.
The research provides detailed segmentation of the global mixer grinder market based on product type, end user, distribution channel and region. The report discusses the segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue generating and fastest growing segments mentioned in the report.
Based on product type, the traditional mixer grinder segment held the highest share in 2021, accounting for more than four-fifths of the global mixer grinder market and is expected to continue its leading status during the forecast period. However, the stand mixer segment is expected to register the highest CAGR of 5.0% from 2022 to 2031.
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Based on end-user, the residential segment accounts for the highest share in 2021, contributing to nearly three-fourths of the global mixer grinder market and is expected to maintain its dominance in terms of revenue during the forecast period. However, the commercial segment is expected to exhibit the highest CAGR of 4.4% from 2022 to 2031.
Based on distribution channel, the offline segment accounts for the highest share in 2021, holding more than three-quarters of the global market and is expected to continue its leadership status during the forecast period. However, the online segment is estimated to grow at the highest CAGR of 4.4% during the forecast period.
Based on region, North America held the largest share in 2021, contributing nearly one-third of the total market share and is projected to retain its dominant share in terms of revenue in 2031. In addition, the LAMEA region expected to manifest the fastest CAGR of 4.4% during the forecast period. The research also analyzes regions including Europe and Asia-Pacific.
Major market players of the global mixer grinder market analyzed in the research include Bajaj Group, BOSCH, Crompton greaves for electrical consumers limited, De’Longhi Appliances Srl, Electrolux AB, Galanz Enterprise Group, Group SEB, Havells India Ltd., Kenstar, LG Electronics Ltd., Morphy Richards, Newell Brands, Panasonic Corporation, Samsung Electronics and Whirlpool Corporation.. The report provides a detailed analysis of these key market players. These players have adopted various strategies such as new product launches, collaborations, expansion, joint ventures, agreements and others to increase their market share and maintain dominant shares in various regions. The report is valuable in highlighting the business performance, operating segments, product portfolio and strategic moves of the market players to display the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business advisory arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a dedicated view to provide business insights and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We are in professional corporate relationship with various companies and this helps us in digging the market data which helps us to generate accurate research data tables and confirms maximum accuracy in our market forecast. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients in every possible way to achieve success. All the data presented in the reports published by us are extracted through primary interviews with senior officials from the leading companies in the field in question. Our secondary data procurement methodology involves in-depth online and offline research and discussions with knowledgeable industry professionals and analysts.