Global Food Blenders and mixers market Thriving: Projected to touch USD 10.1 Billion by 2027, growing at the CAGR of 5.0 % during the forecast period (2021-2027)
Published | 30 June 2021
A study recently conducted by the strategic consulting
and market research firm BlueWeave Consulting revealed that global
food blenders & mixers market was worth USD 7.1 Billion in the year 2020. The market
is estimated to grow at a CAGR of 5.0 %, earning revenue of around USD 10.1 Billion
by the end of 2027. The growing demand
for mixers and blenders in various industries such as dairy, bread, and
beverages is driving the global food blenders & mixers market. Also, adequate
availability of raw materials in developing countries is powering market growth. Additionally, the rising disposable income of
consumers, favorable government initiatives to promote the consumption of
various food items, coupled with the growing demand for ready-to-eat food
beverages is also helping the market to report significant growth.
Increasing Demand for
Innovative Blenders & Mixers for Special Ingredients
The growing prominence of the global food blenders and mixers
market is strongly driven by the rising demand for innovative blenders and
mixers. Due to this fact, major key players have been investing regularly to
improve the outcomes. Certain conditions, such as the formation of lumps and
agglomerates, are frequently observed when combining
certain ingredients with water/any other liquid. As a result, novel
technologies integrated with existing blenders are driving the industry by
enhancing the mixing process. The technologically advanced blenders can produce
highly homogenous mixtures of desired consistency and texture. Some alo feature
a special kind of blade for the efficient mixing of dry powders. For example,
when utilizing xanthan gum as a thickening agent, an advanced high shear mixer
can be used to eliminate lump formation.
Furthermore, to increase the efficiency of mixers and
blenders, outdated processing equipment are being replaced with innovative
technology. Thus, the advancements in food blender & mixer equipment
creates lucrative opportunities for manufacturers in the global mixers and
blenders market.
The
Massive Growth of the Food and Beverages Industry Driving the Market
In recent years, there has been a significant increase in
the demand for packaged food and beverages. This can be attributed to
an increase in the working-class population in developing countries, as well as
an increase in disposable income and reliance on packaged foods. The food and
beverage industry has started to look for feasible ways to increase their
production by using automation and cost-effective food mixers and blenders.
Furthermore, processed food and beverage
firms are attempting to improve their market sustainability by implementing new
blending lines that boost overall production in less time. Also, the food and beverage
industry is witnessing a at massive growth, which in turn is fuelling the food
blenders and mixers market worldwide.
The Semi-Automatic Segment of Global Food
Blenders and Mixers Market Propelling the Market Forward
Based on the mode of operations, the global food blenders and
mixers market is categorized into semi-automatic and automatic bending machines. The
semi-automatic segment account for the largest share in the application
segment. Semi-automatic mixers are popular because they require little capital
to produce homogenous products with the desired consistency and texture. Additionally,
several key players in the food and beverage manufacturing industry prefer to
use low-cost equipment, such as semi-automatic blenders and mixers as the
automatic ones are quite expensive. However, with the increasing advancement in technology and
innovation, automatic blenders and mixers are growing at a faster rate.
Impact of COVID-19
The COVID-19 pandemic has harmed almost all industries. Following
the declaration of COVID-19 as a pandemic, governments of different
countries around the world proposed rigorous public health measures to
curb the spread of the virus. Furthermore, restricted access to supermarkets,
restaurants, and cafes, coupled with social distancing norms and total lockdown
declared by several countries, impaired the demand, hindering the growth of the
global food blenders and mixers market.
Furthermore, the lockdowns and curfews have resulted in the
closure of numerous large food outlets. As a result of this shutdown, many
businesses had to witness a significant drop in revenue, making them
hesitant to invest in technology and innovation. Many food and beverage
companies have also reduced their production facilities and terminated
specific jobs or business units, thereby limiting the demands for new food
blending and mixing equipment.
North
America Leads the Global Food Blenders and Mixers Market
Geographically, the global food
blenders and mixers market is categorized into North America, Europe, the
Asia-Pacific, the Middle East & Africa, and Latin America. Out of all the continents, North
America dominates the global blenders and mixers industry. The growth of the
North American blenders and mixers market is aided by the highly integrated
food and beverage industry in the United States and Canada, as well as the
presence of numerous prominent global blender manufacturers. Additionally, the
global food blenders and mixers market in the Asia Pacific is also catching up
as a result of the growing middle-class population, and increasing disposable
income, along with the growing demand for hygienic and nutritious packed food
items.
Competitive Landscape
The high growth potential of the food
blenders and mixers market has created numerous opportunities, prompting new
entrants to step into the global competition. New arrivals have led to
more healthy competition among long-established market participants. Some of
the key players in the global food blenders and mixers market are GEA Group
Aktiengesellschaft, Bühler AG, JBT, KHS Group Tetra Pak International S.A.,
Krones AG, SPX FLOW, Sulzer Ltd, Marel, HOSOKAWA MICRON B.V., and other prominent players.
The
in-depth analysis of the report provides information about growth potential,
upcoming trends, and statistics of the global food blenders and mixers market. it also highlights the factors
driving forecasts of total market size. the report promises to provide recent
technology trends in the global food blenders and mixers market, along with
industry insights to help decision-makers make sound strategic decisions.
Furthermore, the report also analyzes the growth drivers, challenges, and
competitive dynamics of the market.
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