Portable Blender Market to Reach $296.9 Million, Globally, by 2032 at 8.3% CAGR: Allied Market Research
Tuesday, July 18, 2023
A growing trend of on-the-go consumption among people and an increasing number of dual-income households worldwide are anticipated to drive the growth of the global portable blender market during the forecast period. The North America region is projected to hold the majority of the market share by 2032.
PORTLAND, Ore., July 10, 2023 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Global Portable Blender Market by Material (Plastic, Glass, and Steel), Distribution Channel (Online and Offline), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global portable blender market generated $137.8 million in 2022, and is anticipated to generate $296.9 million by 2032, witnessing a CAGR of 8.3% from 2023 to 2032.
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Prime Determinants of Growth
Rapid urbanization, changing food consumption patterns, and busy consumer schedules are the factors expected to drive the growth of the global portable blender market in the forecast period from 2023 to 2032. However, the low battery life and limited blending capacity may hamper the portable blender market growth in the coming future. On the contrary, the increasing sale of portable blenders through online platforms and the growing reach of e-commerce platforms are expected to offer remunerative opportunities for the expansion of the portable blender market during the forecast period.
Report Coverage & Details:
Report Coverage
Details
Forecast Period
2023-2032
Base Year 2022
Market Size in 2022
$137.8 million
Market Size in 2032
$296.9 million
CAGR 8.3 %
No. of Pages in Report 300
Segments covered Material, Distribution Channel, and Region
Drivers A rise in fitness enthusiasts and healthy
eating practices
Increasing demand for healthy meals and
beverages
Opportunities Growing health consciousness and changing
lifestyles
Increase in sales of portable blenders
Restraints Replacement of batteries owing to low
performance
COVID-19 Scenario
-- The outbreak of the COVID-19 pandemic has had an adverse impact on the
growth of the global portable blender market. The global outbreak
hampered global supply chains, causing delays in production, a lack of
raw materials, and logistical challenges.
-- The portable blender market growth was hampered due to social distancing
norms, workforce shortages, and lockdown measures, which led to
manufacturing delays in several nations.
-- Moreover, delays in transportation and increasing shipping costs
hampered the timely supply of portable blenders from factories to
distribution centers and retailers, thus hampering the market growth.
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Material: Plastic Sub-segment to Hold Highest Share by 2032
The plastic sub-segment of the global portable blender market accounted for the majority of the share in 2022. The prominent growth of the sub-segment is mainly because portable blenders made of plastic are sometimes less expensive than those made of other materials, making them more widely available to consumers. Besides, they can be utilized for drinking a healthy smoothie or a liquid vitamin at one's desk, while exercising outdoors, or while working out at the gym.
Distribution Channel: Offline Sub-segment to Hold the Majority of Market Share by 2032
The offline sub-segment was valued for the highest market share in 2022. The significant growth of the offline sub-segment is mainly because offline distribution methods give customers a first-hand look of the products, making it simple for them to check the products' durability and quality. Besides, offline stores offer a variety of discounts and offers to attract customers.
Region: North America Market to Grab Highest Share by 2032
The portable blender market in the North America region is predicted to hold the highest market share over the forecast period. This growth is mainly due to the increasing popularity of healthy diets and a rising need for nutritious food items. In addition, increased demand for portable blenders due to the need for quick and simple but nutritious food preparations are other factors expected to boost the demand for portable blenders in this region during the forecast period.
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Leading Players in the Portable Blender Market:
-- Pop Babies
-- Conair Cuisinart
-- BILACA
-- Keyton
-- Little bees
-- Oster
-- NutriBullet
-- Blufied
-- BELLA
-- Hamilton Beach
The report provides a detailed analysis of the key players of the global portable blender market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research
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