Commercial beverage blender market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation

Connect with us

NEW YORK, Jan. 24, 2023 /PRNewswire/ — According to Technavio, the global commercial beverage blender market size is estimated to grow by USD 12.72 million from 2022 to 2027. The market is expected to grow at a CAGR of 3.14%. Moreover, the growth momentum will accelerate. North America will account for 34% of the growth of the global market during the forecast period.

Technavio has announced its latest market research report titled Global Commercial Beverage Blender Market 2023-2027

Technavio has announced its latest market research report titled Global Commercial Beverage Blender Market 2023-2027

For more Insights on market size Request a sample report

Global commercial beverage blender market – Five forces
The global commercial beverage blender market is fragmented, and the five forces analysis covers–

  • Bargaining Power of Buyers

  • The threat of New Entrants

  • Threat of Rivalry

  • Bargaining Power of Suppliers

  • Threat of Substitutes

  • Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

Global commercial beverage blender market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global commercial beverage blender market – Segmentation assessment

Segment overview

Technavio has segmented the market based on end-user (JCP, restaurants, and others) and distribution channels (offline and online).

  • The JCP segment will grow at a significant rate during the forecast period. Growing health benefits offered by various types of blended beverages, such as smoothies, will increase demand for such beverages and encourage juice bars, clubs, and pubs (JCP) to offer such beverages. Juices and smoothies also contribute majorly to the frozen beverage market in various countries. The revenue generated from the juice bar industry is increasing in various countries such as the UK and Australia. Hence, the increased sales from end-user establishments will drive the growth in demand for commercial beverage blenders during the forecast period.

Geography Overview
By geography, the global commercial beverage blender market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global commercial beverage blender market.

  • North America is estimated to account for 34% of the growth of the global market during the forecast period. The commercial beverage blender market in North America is expected to grow during the forecast period. The US and Canada are key countries contributing to the growth of the commercial beverage blender market in the region. Restaurants in the United States are growing their demand for frozen and slushy coffee drinks, which comprise numerous sorts of blended beverages. The increase in the sales of frozen blended beverages in the region can also influence the growth in demand for commercial beverage blenders during the forecast period.

Download a Sample Report

Global commercial beverage blender market – Market dynamics

Key factor driving market growth

  • The health benefits of different kinds of smoothies may increase per capita consumption during the projection period, resulting in increased demand for commercial beverage blenders.

  • Citrus fruit smoothies contain vitamin C, which supports the immune system and aids in the production of collagen, which is necessary for the suppleness and smoothness of human skin.

  • The highly nutritious ingredients contained in blended beverages help consumers detox their systems and get rid of toxins.

  • Hence, the growing health benefits offered by blended beverages will spur the sales of such beverages from food service establishments during the forecast period.

Leading trends influencing the market 

  • The growing preference for commercial beverage blenders with noiseless operations is an emerging trend in the market. 

  • Commercial beverage blender manufacturers are attempting to provide equipment with advanced functionality in order to improve the consumer experience in food service operations.

  • Higher noise levels in food service facilities can have an adverse effect on the customer experience as well as prospective sales of blended beverages from food service outlets.

  • Some of the vendors that offer commercial beverage blenders with noise-reduction technology are Blendtec, Hamilton Beach Brands, and Vita-Mix Corp. (Vita-Mix).

Major challenges hindering market growth

  • The growing demand for second-hand commercial beverage blenders is a major challenge impeding the market growth. 

  • End-users prefer to purchase pre-used commercial beverage blenders to save on the cost of purchasing expensive equipment.

  • Many small and medium-sized food service enterprises and price-sensitive end-users prefer pre-used commercial beverage blenders to reduce the initial expenditure required to introduce or extend their blended beverage services, particularly in developing nations.

  • Furthermore, the growing market for pre-used commercial beverage blenders is expected to affect the potential growth prospects of the global commercial beverage blender market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this commercial beverage blender market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the commercial beverage blender market between 2023 and 2027

  • Precise estimation of the commercial beverage blender market size and its contribution to the market in focus on the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the commercial beverage blender industry across North America, Europe, APAC, South America, and Middle East and Africa

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of commercial beverage blender market vendors

Gain instant access to 17,000+ market research reports. 

Technavio’s SUBSCRIPTION platform

Related Reports:

The commercial jar blender market share is expected to increase by USD 63.88 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.64%. Furthermore, this report extensively covers commercial jar blender market segmentation by product (commercial jar blenders for food, commercial jar blenders for drinks, and commercial jar blenders for food and drinks) and geography (North America, Europe, APAC, South America, and MEA).

This household kitchen blenders market share is expected to increase by USD 781.62 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.70%. Furthermore, this report extensively covers household kitchen blenders market segmentation by product (countertop blenders and immersion blenders), distribution channel (offline and online), and geography (North America, APAC, Europe, South America, and MEA).

Commercial Beverage Blender Market Scope

Report Coverage

Details

Page number

170

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.14%

Market growth 2023-2027

USD 12.72 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.99

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

bianco di puro GmbH and Co. KG, Blendtec Inc., Breville USA Inc., Brew Driver, Conair Corp., GEA Group AG, Hamilton Beach Brands Holding Co., Newell Brands Inc., Omcan Inc., Optimum Appliances, Philips International BV, Quamar Srl, Sammic SL, SANTOS SAS, Skyfood Equipment LLC, Stanley Black and Decker Inc., Stoelting Foodservice Equipment, Tetra Laval S.A., Vita-Mix Corp., and Whirlpool Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Commercial Beverage Blender Market 2023-2027

Global Commercial Beverage Blender Market 2023-2027

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/commercial-beverage-blender-market-2023-2027-a-descriptive-analysis-of-five-forces-model-market-dynamics-and-segmentation—technavio-301727885.html

SOURCE Technavio

Leave a Reply

Your email address will not be published. Required fields are marked *