Zion Market Research, the market research group announced the analysis report titled 'Blenders and Juicers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2021'
Sarasota, FL -- (SBWIRE) -- 01/18/2018 -- Zion Market Research has published a new report titled "Blenders and Juicers Market for Bakery, Dairy, Beverage, Confectionery, and Other Applications - Global Industry Perspective, Comprehensive Analysis, and Forecast 2015-2021". 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.
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A juicer is a device that is used to extract juice from fruits, vegetables, and even from nuts, seeds, and meat. Juicers are fitted with high power motors, which can be as high as 1500W. There are mainly three types of juicers such as; centrifugal, cold press and masticating. A centrifugal juicer is the most common among end-users. Blenders are versatile appliances that have a variety of utilization in the home and business. Blenders are primarily used for mixing or emulsifying food items. There are two main types of blenders such as; jug blender and single serving blender. Though the working mechanism of a blenders and juicers is different, both the appliances have common areas of application.
The blenders and juicers market has grown steadily over the past few years due to rapidly changing consumer preferences. Development of a differentiated high-end juice extractor for household use is expected to boost the market growth within the forecast period. In developed regions, these products have sustained demand due to better awareness, while the penetration in emerging regions is gradually increasing due to increased disposable income and better living standards. Furthermore, due to the rising consumption of beverages, confectionaries, and bakery products, the demand for blenders and juicers is expected to augment market growth in the near future.
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Based on applications, the global blenders and juicers market is segmented into the bakery, dairy, beverage, confectionery, and other applications. Among all, the beverage was the leading application segment of global blenders and juicers market in 2015 owing to increasing health consciousness among consumers. It accounted for around 32% shares of the overall market in 2015. 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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In Asia Pacific region, the rise in the disposable income, people adopting the western culture, health awareness and import of fruits are among the most important factors that are expected to drive the juice business in Asia Pacific region which in turn increase the demand for juicer and blender products in the region. Europe was one of the leading players in blenders and juicers market in 2015, owing to high consumption of food products such as; snacks, bakery, and dairy products. Latin America and the Middle East & Africa account for least market share compared to other regions in 2015. However, it is expected to exhibit the impressive growth in upcoming years due to growing awareness about health among consumers.
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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