Global Multi-Functional Cooking Food Processors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Multi-Functional Cooking Food Processors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Multi-Functional Cooking Food Processors is a multifunctional kitchen appliance that is designed for process of food preparation and cooking. Multi-Functional food processor has ability to perform various operations such as slicing, chopping, shredding, pureeing, juicing, and cooking, among other tasks.

Market Overview:

The latest research study on the global Multi-Functional Cooking Food Processors market finds that the global Multi-Functional Cooking Food Processors market reached a value of USD 2845.53 million in 2022. It’s expected that the market will achieve USD 4008.32 million by 2028, exhibiting a CAGR of 5.88% during the forecast period.

The concept of healthy diet is deeply rooted in people's hearts, and cooking at home has become a trend.

With the improvement of consumption level, people's dietary philosophy and habits are undergoing profound changes, from having enough to eating well and eating healthily. More and more people begin to pay attention to food safety, and cooking by themselves is obviously safer and healthier, so the lifestyle of cooking at home has risen rapidly in recent years. In addition, the outbreak of the COVID-19 epidemic in 2020 and the subsequent home isolation policy have driven residents' enthusiasm for cooking.

Continuous technological innovation

In terms of functions, at present, high-end multi-functional cooking food processors can realize two major functions of food processing and cooking, and both Chinese and western meals can be cooked. Take Thermomix TM6 multifunctional cooking food processors introduced by Vorwerk in 2019 as an example. The product not only has food processing functions such as weighing, chopping, grinding, blending, whipping, juicing and fermenting, but also can make bread, steak and other foods.

The product iteration of Multi-functional Cooking Food Processors follows two logics. One is to improve the traditional functions, such as increasing the usable temperature range of Multi-functional Cooking Food Processors, increasing the rotating speed of cooking machines, upgrading accessories, etc. The second is to add new functions, such as product intelligence and socialization.

Region Overview:

In 2021, the share of the Multi-Functional Cooking Food Processors market in Europe stood at 59.08%.

Company Overview:

Vorwerk (Thermomix), Delonghi Group (Kenwood), Whirlpool (KitchenAid), Magimix and Cuisinart are the five key players in the global Multi-Functional Cooking Food Processors market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Multi-Functional Cooking Food Processors market in the past 5 years.

Segmentation Overview:

As for product types, the 2-2.5 Liters segment held the largest market share in 2021.

Application Overview:

By application, the 1000-1500 Watts segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Multi-Functional Cooking Food Processors market covered in Chapter 3:

Tefal
Cuisinart
Vorwerk (Thermomix)
Magimix
Whirlpool (KitchenAid)
Delonghi Group (Kenwood)
TAURUS Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Multi-Functional Cooking Food Processors market from 2018 to 2029 is primarily split into:

Less Than 2 Liters
2-2.5 Liters
More Than 2.5 Liters

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Multi-Functional Cooking Food Processors market from 2018 to 2029 covers:

Less Than 1000 Watts
1000-1500 Watts
More Than 1500 Watts

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)