That Household appliances for food preparation is expected to register a CAGR of 6.1% during the forecast period, from US$601,532 million in 2020 to a valuation of US$963,451 million in 2026.
Household appliances are the electrical or mechanical machines used in daily life to perform household functions such as doing laundry, cleaning, cooking and others. The household appliances are divided into kitchen appliances, personal care appliances, household appliances and others. Household kitchen appliances are the sub-segment of kitchen appliances.
Household food preparation appliances include those electrical or mechanical machines that aid in the simple preparation of foods consumed in daily life. The rising urge of consumers for easy and convenient lifestyle is supporting the growth of home food preparation appliances market across the world.
On the basis of application, the home food preparation appliances market can be segmented into blenders, food processors, juicers, grinders and choppers, citrus presses, blenders and other food preparation appliances. Of all these segments, juicers are likely to account for the largest share of the sales contribution to the overall market. Increasing consumer concerns about healthy lifestyle supports the global growth of the juicer segment during the forecast period. Additionally, grinders and blenders are also expected to witness significant growth over the forecast period.
On the basis of distribution channel, the Food Preparation Appliances market segmentation includes Supermarket/Hypermarket, Electronic Retail Stores, Franchise Stores (Retail Stores of Company’s Brands) and E-Retail Stores. Among all these segments, supermarkets/hypermarkets are likely to take the largest market share, followed by online clearance sales. Growing retail across the…