Asia Pacific Stand Mixer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Tilt-Head and Bowl-Lift), End-User (Residential and Commercial), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Other Distribution Channel)
The Asia Pacific stand mixer market is expected to grow from US$ 943.00 million in 2021 to US$ 1,355.43 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
Color is an important aspect of a kitchen's interior. Nowadays, people focus on creating a cooking space with custom colors representing their personalities. People are exploring so many ways to pull color into a kitchen. In addition, they are looking for kitchen remodeling activities or just looking to freshen up their space by adding some unexpected color and texture to their kitchen with colorful kitchen appliances and retro kitchen accessories. There is an increase in the use of colorful kitchen countertop appliances to add a splash of color. Countertop appliances add subtle color, especially in small kitchens or spaces. The use of colorful kitchen appliances is a simple and resourceful way to change up kitchen decor without making major changes. Countertop appliances such as stand mixers, blenders, and food processors are highly used to add a touch of color in kitchens. Small appliances like stand mixers are a great way to add a pop of color to the kitchen palette. A range of colors and styles of stand mixers truly complement any colorful kitchen. These stand mixers are also paired with different textures and colors of bowls to complement kitchen colors and overall design. Thus, the trend of usage of colorful appliances in kitchen remodeling will offer opportunities for stand mixer market growth.
Further, consumers’ eating pattern has been drastically changed due to the rising westernization and globalization. High-performance stand mixers equipment have been developed over the years, with enhanced versatility, processing ability, and ease of use. The key players existing in the manufacturing and marketing of stand mixers market space cater can process a wide range of products belonging to the dairy, confectionary, bakery, beverage, and other industries. Stand mixers are typically lightweight and easy to operate and come with various types of attachments and detachable shafts for grating, chopping, and pureeing at different speeds with two prominent benefits such as compact size and convenience. Thus, developments in the food & beverage equipment industry are driving the market growth.
The Asian economies have been hit hard due to the COVID-19 pandemic. The governments of various Asia-Pacific economies are taking possible steps to restrict the spread of the novel coronavirus by announcing a country-wide lockdown, which directly impacts the growth of industrial sectors. On the other hand, during the COVID-19 quarantine period, many people started taking interest in baking and cooking. The closure of different food outlets had led to people cooking at home. In India, there was growth in the sales of kitchen appliances during the pandemic. This had created slightly positive impact on the stand mixer market growth. Various countries from the region have restarted their business activities. With this, the demand for stand mixers is expected to improve in coming months.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Thus, the Asia Pacific stand mixer market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Stand Mixer Market Revenue and Forecast to 2028(US$ Million)
Asia Pacific Stand Mixer Market Segmentation
By Type
Tilt-head Bowl-lift By End User
Residential Commercial By Distribution Channel
Supermarkets and Hypermarkets Specialty Stores Online Retail Other Distribution Channel By Country
Asia Pacific Australia China India Japan South Korea Rest of APAC Companies Mentioned -
De’Longhi Appliances S.r.l Whirlpool Corporation Koninklijke Philips N.V. Breville Group Limited SMEG S.p.A. Hobart Ankarsrum Kitchen AB Wonderchef Home Appliances Pvt. Ltd Kenwood Limited Hamilton Beach Brands Holding Company
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