Rapidly booming e-commerce sector in Asia-Pacific is a major factor contributing towards the significant revenue growth of blenders market. E-commerce sector has turned out to be an important determinant for the sales of several home appliances and consumer electronics, thereby creating significant opportunities for blenders market. In addition, e-commerce sector is being regarded as the prominent sough-after type of consumer goods. Vendors across Asia-Pacific region in consumer electronic products sector have been increasingly venturing in blenders market for leveraging their existing occupancy across online retail space.
APAC blenders market is likely to expand at a faster pace owing to growing adoption of the technologically innovated consumer electronic products and rising disposable incomes. In nations such as India and China, booming e-commerce sector has been boding well for the sales of kitchen appliances, which in turn is significantly beneficial for blenders market. Increasing number of restaurants and hotels in China and India along with growing tendency of the population to eat out has been analyzed as factors generating opportunities for the Asia-Pacific blenders market.
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Rapidly increasing working women population, leading to considerably less time investment in cooking and changing eating patterns are some other factors anticipated to drive the Asia-Pacific blenders market in the near future. Furthermore, in Asia-Pacific blenders market, adoption of western culture will continue to remain a notable trend. Rising imports of fruits and growing awareness regarding the health benefits of fruits has been stimulating the expansion and development of juice business, thereby continuing to create lucrative avenues for the growth of blenders market.
Fact.MR predicts that blenders market on a global basis is anticipated to expand at 4.9% CAGR over the assessment period, 2017-2026. Increasing consumption of packaged and processed food and beverage products both in developed and developing regions have been burgeoning the demand and supply of blenders across the globe. Favorable government initiatives that has been promoting consumption of several food ingredients and rising trade of food ingredients are further anticipated to fuel the growth of blenders market.
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The flourishing processed food industry has been creating significant growth opportunities for blenders market. Small-to-medium businesses are making heavy investments in new production facilities in diverse regions. Changing lifestyle and growing inclination towards spending lesser time on cooking has been triggering the growth of hand blenders market across the globe. With rising per capita income, particularly in the developing regions, demand and supply for several domestic food preparing equipment has been surging significantly, thereby creating growth avenues for blenders market.
Amongst the new trends emerging in residential construction sector, one of the most significant trend is leveraging minimal space that in turn creates notable growth avenues for the blenders market across the globe. This is mainly owing to ever-shrinking kitchen extents, which generates the need for time-saving compressed food appliances. Manufacturers on a global basis have been taking immense efforts in developing all-function counter blenders. The development of such products are likely to eliminate bulk storage issues, clutter and lugging machines in kitchen. Advanced functionality, compact size and safety are the key factors driving blenders market on a larger basis.
Mr. Rohit Bhisey
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