Home Argentina market Stand Mixer Market Worth US$2,581.23 Million, Globally, By

Stand Mixer Market Worth US$2,581.23 Million, Globally, By

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New York, April 08, 2022 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study on stand mixer market Forecast to 2028 Impact of COVID-19 and Global Analysis by Type (Tilt-Head and Bowl-Lift), End User (Residential and Commercial), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail and others) and geography. Growth in the processed food industry and innovations of new products in the market are driving the growth of the market. Europe held the largest share of the global stand mixer market in 2020. High demand for processed foods in the region is creating a demand for stand mixers. The significant growth in the processed food industry would provide lucrative opportunities for market players in the coming years. Players are adding new features to their products to enhance functionality, thereby driving the market growth in the region.

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Report cover Details
Market size Value in US$1,826.01 million in 2021
Market Size Value by $2,581.23 million by 2028
Rate of growth CAGR of 5.1% from 2021 to 2028
Forecast period 2021-2028
base year 2021
Number of pages 150
Number of tables 83
Number of graphs and figures 60
Historical data available Yes
Segments Covered Type, end user and distribution channel
Regional scope North America; Europe; Asia Pacific; Latin America; AEM
Country scope United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

Stand Mixer Market: Competition Landscape

De’Longhi Appliances Srl; The Whirlpool Company; Koninklijke Philips NV; Breville; SMEG SpA; Hobart; Ankarsrum Kitchen AB; Wonderchef Home Appliances Pvt. ltd. ; Kenwood Limited; Hamilton Beach Brands, Inc.; and Panasonic are among the key players operating in the global stand mixer market.

During the forecast period, Europe is expected to account for the largest share of the global stand mixer market. The Europe region includes several developed and developing economies, including China, India, Japan, South Korea, among others. In the Europe region, the demand for stand mixers is increasing with the growing population, high disposal income, renewed interest in home baking and cooking, advent of new commercial establishments such as hotels , restaurants and cafes, and the inclusion of new features and functionalities of stand mixers are supporting the growth of the stand mixer market in this region.

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Based on the type, the tilt-head segment dominated the global stand mixer market in 2020. These mixers have a switch that allows the mixer head to be tilted backwards to add ingredients. Tilt-head mixers have a lever on the side that unlocks the head and tilts it up and back, giving access to the mixing bowl. Plus, they’re the most practical for home use because they’re compact and easy to use while still providing the power to handle all cooking and mixing tasks.

The development of numerous new commercial establishments such as hotels, cafes and restaurants is expected to propel the growth of the market. They need many devices like stand mixers to perform their daily operations efficiently. This emergence of new commercial establishments leads to an upsurge in the purchase of stand mixers. As these establishments require continuous cooking operations that must be fast, they use stand mixers and other devices to increase operational efficiency and reduce waiting time.

Growth in the processed food industry

High consumption of bakery and confectionery products in many economies across the globe is driving the stand mixer market growth. The processed food market is growing in many developing countries due to the increase in population and increasing consumer purchasing power. Thus, the growth of the processed food industry strengthens the global stand mixer market.

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Stand Mixer Market: Segmental Overview

Based on the end user, the stand mixer market is divided into residential and commercial. The residential segment held a larger share of the market in 2020. Stand mixers are used in daily mixing and cooking applications in residences. Blenders are increasingly being used in many homes due to their convenience and the benefits they provide.

On the basis of end-user, residential segment dominated the global stand mixer market in 2020. Growth in residential sector supported by positive government measures is expected to drive the demand for stand mixer in the global market scenario. With the increase in population, significant growth in the real estate and residential sector has been observed. Also, these days, people are trying to recreate their favorite baking recipes at home. From savory delicacies to sweet treats all over the world, people are pushing their cooking skills to their peak level. Stand mixers are intended for baking enthusiasts and home bakers.

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Impact of the COVID-19 Pandemic on the Stand Mixer Market

Many economies have been hit hard by the COVID-19 pandemic. Governments in various economies are taking possible steps to limit the spread of the virus by announcing a nationwide lockdown. The pandemic has created a slightly positive impact on the stand mixer market. There was an increase in baking and home cooking activities as many people stayed home and cooked for themselves. This created a demand for stand mixers. With the reopening of business operations in various countries, the demand for stand mixers is expected to increase in the coming months.

The growth of food and beverage blending and blending is the major opportunity for the global stand mixer market. The technological innovations of the main players in this market offer faster mixing, high precision and hygiene. Due to the growing demand for various food and beverage products, manufacturers in these industries are eager to equip state-of-the-art production facilities with automated machinery and systems.

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