Portable Blenders Market Will Reach Nearly USD 255.5Billion By 20230, Expanding at a CAGR of 8.3%
The global portable blenders market size was USD 140.7 Million in 2021 and is expected to register a revenue CAGR of 8.3% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by increasing need for faster and easier ways to make healthy diets among fitness enthusiasts.
Portable blenders are primarily used by fitness enthusiasts who follow healthy eating habits and consume protein supplements. Rising awareness of health among the populations of various countries has contributed significantly to revenue growth of the global market. The portable blender makes it easier to mix and blend in outdoor settings such as gyms, offices, or playgrounds compared to larger blenders. Portable blenders are extremely popular among fitness enthusiasts for making their essential protein drinks during workout sessions. The increasing adoption of e-commerce platforms has also boosted the adoption of portable blenders.
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Market Dynamics:
The global Portable Blenders market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.
Competitive Landscape:
The research report offers details about leading companies in the global Portable Blenders market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
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Major Companies:
· nutribullet,
· LLC,
· BlendJet,
· Kacsoo,
· Bella Housewares,
· Newell Australia Pty Ltd.,
· Hamilton Beach Brands, Inc.,
· SharkNinja Operating LLC,
· Conair Corporation,
· Blendtec,
· Shenzhen Ckeyin Technology Co., ltd.
Market Segmentation:
The report also sheds light on the market segmentation based on type, application and region:
By Material Outlook
- Plastic
- Glass
- Steel
By Distribution Channel Outlook
- Offline
- Online
By End-use Outlook
- Residential
- Commercial
Portable Blenders Market Segmentation based on Regions:
North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Benelux
o Rest of Europe
· Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
· Latin America
o Brazil
o Rest of Latin America
· Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of Middle East & Africa
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