Global Residential Food Processors Market Forecast to 2028 – By Size, Distribution Channel and Geography

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Dublin, March 16, 2022 (GLOBE NEWSWIRE) — The “Residential Food Processors Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Size, Distribution Channel and Geography” report has been added to from ResearchAndMarkets.com offer.

Residential Food Processors Market was valued at US$3,475.21 Million in 2021 and is projected to reach US$5,553.20 Million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.

The residential food processor is designed to be multifunctional and perform a wide variety of food preparation tasks, such as chopping, slicing, shredding, grinding and pureeing. Along with this, processors are used to make citrus and vegetable juices, beat cake batter, knead bread dough, beat egg whites, and grind meats and vegetables.

Based on size, the global residential food processor market is segmented into small, medium and large. In 2020, the medium segment dominated the market. The medium food processor offers the same features as its full size counterparts and has the added benefit of consuming minimal space in the kitchen. Additionally, the increased availability of the design in mid-sized food processors is driving the demand for such residential food processors.

The residential food processor market, based on geography, is segmented into North America, Europe, Asia-Pacific (APAC), South & Central America (SAM), and Middle East & Africa ( MEA). In 2020, Asia-Pacific dominated the market. Changing consumer lifestyles and increasing urbanization have propelled the demand for modernized kitchen appliances. Additionally, increasing labor force and presence of leading manufacturing companies in the region are driving the growth of the Asia Pacific residential food processor market.

Many industries, such as the consumer goods industry, have faced unprecedented challenges due to the COVID-19 pandemic. Shortages of raw materials and labor, plant closures and other operational difficulties under COVID-19 safety protocols have negatively impacted the residential food processor market. The lockdown has had a huge impact on the supply and production of residential food processors, restraining the growth of the market. However, the introduction of the COVID-19 vaccine has further eased the situation, leading to an increase in business activities around the world. Economies are restarting business and the demand for residential food processors is expected to increase globally in the coming years. Major manufacturers have started to resume operations, increasing the production capacity of residential food processors.

Koninklijke Philips NV, Whirlpool Corporation, Breville Group Limited, De’Longhi Appliances Srl, Conair Corporation, Robert Bosch GmbH, MAGIMIX, SharkNinja Operating LLC, Groupe SEB and Spectrum Brands Inc are some of the major players in the residential food processor market. These companies adopt strategies such as mergers and acquisitions and product launches to expand their geographic presence and consumer bases.

Reasons to buy

  • Highlights key business priorities to help companies realign their business strategies.
  • Presents key findings and crucial progressive industry trends in the Global Residential Food Processor Market, thereby allowing players to develop effective long term strategies.
  • Develops/modifies business expansion plans using substantial growth offering from both developed and emerging markets.
  • Scrutinize in-depth market trends along with key market drivers and restraints.
  • Improves the decision-making process by understanding the strategies that drive business interest with respect to products, segmentation, and industry verticals.

Main topics covered:

1. Introduction

2. Main Takeaways

3. Research methodology

4. Global Residential Food Processors Market Landscape
4.1 Market Overview
4.2 PEST analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South and Central America
4.3 Global Average Selling Price (US$/Unit)
4.4 Expert advice

5. Residential Food Processors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Convenient Products
5.1.2 Growing number of home bakers
5.2 Market Constraints
5.2.1 Food Processor Maintenance Cost
5.3 Market Opportunities
5.3.1 Increased adoption of e-commerce
5.4 Future trends
5.4.1 Product innovation
5.5 Impact analysis of drivers and constraints

6. Global Market – Global Analysis
6.1 Global Market Overview
6.2 Residential Food Processors Market – Revenue and Forecast to 2028 (Million US$)
6.3 Residential Food Processors Market – Volume and Forecast to 2028 (Thousand Units)
6.4 Competitive Positioning – Key Market Players

7. Global Residential Food Processor Market Analysis – By Size
7.1 Overview
7.2 Residential Food Processors Market, by Size (2020 & 2028)
7.3 Small
7.3.1 Small: Residential Food Processors Market – Revenue and Forecast to 2028 (USD Million)
7.4 Medium
7.4.1 Medium: Household Food Processors Market – Revenue and Forecast to 2028 (USD Million)
7.5 Large
7.5.1 Large Residential Food Processors Market – Revenue and Forecast to 2028 (USD Million)

8. Residential Food Processors Market Analysis – By Distribution Channel
8.1 Overview
8.2 Residential Food Processors Market, By Distribution Channel (2020 & 2028)
8.3 Supermarkets and hypermarkets
8.3.1 Supermarkets & Hypermarkets: Residential Food Processors Market – Revenue and Forecast to 2028 (USD Million)
8.4 Specialized stores
8.4.1 Specialty Stores: Residential Food Processors Market – Revenue and Forecast to 2028 (USD Million)
8.5 Online Retail
8.5.1 Online Retail: Residential Food Processors Market – Revenue and Forecast to 2028 (USD Million)
8.6 Others
8.6.1 Others: Residential Food Processors Market – Revenue and Forecast to 2028 (USD Million)

9. Residential Food Processors Market – Geographical Analysis

10. Impact of COVID-19
10.1 Overview – Impact of COVID-19
10.2 North America: Assessing the impact of the COVID-19 pandemic
10.3 Europe: assessment of the impact of the COVID-19 pandemic
10.4 Asia-Pacific: Assessing the impact of the COVID-19 pandemic
10.5 Middle East and Africa: Assessing the impact of the COVID-19 pandemic
10.6 South America: Assessment of the impact of the COVID-19 pandemic

11. Company Profiles
11.1 Koninklijke Philips NV
11.1.1 Key Facts
11.1.2 Description of the activity
11.1.3 Products and services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Whirlpool Company
11.2.1 Key Facts
11.2.2 Description of the activity
11.2.3 Products and services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Breville Group Limited
11.3.1 Key Facts
11.3.2 Description of the activity
11.3.3 Products and services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 De’Longhi Appliances Srl
11.4.1 Key Facts
11.4.2 Description of activity
11.4.3 Products and services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Conair Corporation
11.5.1 Key Facts
11.5.2 Description of activity
11.5.3 Products and services
11.5.4 Financial overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Robert Bosch GmbH
11.6.1 Key Facts
11.6.2 Description of activity
11.6.3 Products and services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 MAGIMIX
11.7.1 Key Facts
11.7.2 Description of activity
11.7.3 Products and services
11.7.4 Financial overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 SharkNinja Operating LLC
11.8.1 Key Facts
11.8.2 Description of activity
11.8.3 Products and services
11.8.4 Financial overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Groupe SEB
11.9.1 Key Facts
11.9.2 Description of activity
11.9.3 Products and services
11.9.4 Financial overview
11.9.5 SWOT Analysis
11.9.6 Major Developments
11.10 Spectrum Brands, Inc.
11.10.1 Key Facts
11.10.2 Description of activity
11.10.3 Products and services
11.10.4 Financial overview
11.10.5 SWOT Analysis
11.10.6 Key Developments

12. Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/2lco8s

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