North America Residential Food Processors Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Size (Small, Medium, and Large) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The residential food processors market in North America is expected to grow from US$ 719.78 million in 2021 to US$ 1,182.28 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.
According to the World Health Organization, workplace stress is the health epidemic of the 21st century. Consumer lifestyle is becoming hectic due to increased work pressure, making them feel exhausted after their regular working hours. Working professionals increasingly prefer convenient and smart household appliances, including kitchen appliances. These appliances help save time and effort in getting through the hectic routine. The food processor is becoming an essential tool in the kitchen as it can easily make a puree and chop, shred, slice, and grind almost all kinds of food. It also helps process the food quickly according to the consumer’s need by changing the blades, and the processors are multifunctional and fast. The food processor works effectively and significantly eases the cooking process even if a user is cooking for many people. Along with this, kitchen appliances come with a requirement for space, and every kitchen may not have enough space. Thus, a small food processor is ideal for a space-crunched kitchen. Small food processors consist of various mechanisms and perform the same function as mid or large-sized counterparts with the added advantage of saving space in the kitchen. Also, due to the COVID-19 pandemic, consumers increasingly adopted convenient kitchen appliances that require less effort. Consumers focused on their health during the COVID-19 pandemic, which led to increased consumption of fresh food and juices. Therefore, there is a growing demand for multifunctional cooking appliances in residential applications. Thus, surging demand for convenient products drives the growth of the residential food processor market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is driving the growth of North America residential food processors market at a substantial CAGR.
North America Residential Food Processors Market Revenue and Forecast to 2028 (US$ Million)
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North America Residential Food Processors Market Segmentation
The North America residential food processors market is segmented on the basis of size, distribution channel, and country. Based on size, the market is segmented into small, medium, and large. In 2020, the medium segment held the largest market share; however, the small segment is expected to register the highest CAGR during the forecast period. Based on distribution channel, the North America residential food processors market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2020, the specialty stores treatment segment held the largest market share; however, the supermarkets and hypermarkets segment is expected to register the highest CAGR during the forecast period. Further, based on country, the North America residential food processors market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share and is also expected to grow at the fastest CAGR during the forecast period.
Koninklijke Philips N.V.; Whirlpool Corporation; Breville Group Limited; De’Longhi Appliances S.r.l.; Robert Bosch GmbH; MAGIMIX; Groupe SEB; Spectrum Brands, Inc.; Conair Corporation; and SharkNinja Operating LLC are among the leading companies in the North America residential food processors market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country-Level Data
3.2.8 Limitations and Assumptions
4. North America Residential Food Processors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. North America Residential Food Processor Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Demand for Convenient Products
5.1.2 Raising Number of Home Bakers
5.2 Market Restraints
5.2.1 Higher Maintenance Cost of Food Processor
5.3 Market Opportunities
5.3.1 Surging Adoption of Ecommerce
5.4 Future Trends
5.4.1 Broadening Product Innovation
5.5 Impact Analysis of Drivers and Restraints
6. North America Residential Food Processor Market Analysis
6.1 North America Market Overview
6.2 North America Residential Food Processors Market –Revenue and Forecast To 2028 (US$ Million)
6.3 North America Residential Food Processors Market –Volume and Forecast to 2028 (Thousand Units)
7. North America Residential Food Processors Market Analysis – By Size
7.1 Overview
7.2 North America Residential Food Processors Market, by Size
7.3 Small
7.3.1 Small: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Medium
7.4.1 Medium: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Large
7.5.1 Large: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Residential Food Processors Market Analysis – By Distribution Channel
8.1 Overview
8.2 North America Residential Food Processors Market, by Distribution Channel
8.3 Supermarkets and Hypermarkets
8.3.1 Supermarkets and Hypermarkets: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Specialty Stores: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Online Retail: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Others: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Residential Food Processors Market – Country Analysis
9.1 North America: Residential Food Processors Market
9.1.1 North America: Residential Food Processors Market, by Key Country
9.1.1.1 US: Residential Food Processors Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Residential Food Processors Market, by Size
9.1.1.1.2 US: Residential Food Processors Market, by Distribution Channel
9.1.1.2 Canada: Residential Food Processors Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Residential Food Processors Market, by Size
9.1.1.2.2 Canada: Residential Food Processors Market, by Distribution Channel
9.1.1.3 Mexico: Residential Food Processors Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Residential Food Processors Market, by Size
9.1.1.3.2 Mexico: Residential Food Processors Market, by Distribution Channel
10. Company Profiles
10.1 Koninklijke Philips N.V.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Whirlpool Corporation
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Breville Group Limited
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 De’Longhi Appliances S.r.l.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Conair Corporation
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Robert Bosch GmbH
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 MAGIMIX
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 SharkNinja Operating LLC
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Groupe SEB
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Spectrum Brands, Inc.
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Word Index
LIST OF TABLES
Table 1. North America Residential Food Processors Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. North America Residential Food Processors Market –Volume and Forecast To 2028 (Thousand Units)
Table 3. US Residential Food Processors Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Residential Food Processors Market, by Size – Volume and Forecast to 2028 (Thousand Units)
Table 5. US Residential Food Processors Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Residential Food Processors Market, by Distribution Channel – Volume and Forecast to 2028 (Thousand Units)
Table 7. Canada Residential Food Processors Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Residential Food Processors Market, by Size – Volume and Forecast to 2028 (Thousand Units)
Table 9. Canada Residential Food Processors Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Residential Food Processors Market, by Distribution Channel – Volume and Forecast to 2028 (Thousand Units)
Table 11. Mexico Residential Food Processors Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Residential Food Processors Market, by Size – Volume and Forecast to 2028 (Thousand Units)
Table 13. Mexico Residential Food Processors Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico Residential Food Processors Market, by Distribution Channel – Volume and Forecast to 2028 (Thousand Units)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Residential Food Processors Market Segmentation
Figure 2. North America Residential Food Processors Market Segmentation – By Country
Figure 3. North America Residential Food Processors Market Overview
Figure 4. Medium Segment Held Largest Share of North America Residential Food Processors Market
Figure 5. The US Held Largest Share of North America Residential Food Processors Market
Figure 6. North America Residential Food Processors Market, Key Market Players
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Residential Food Processor Market Impact Analysis of Drivers and Restraints
Figure 10. North America Residential Food Processors Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. North America Residential Food Processors Market – Volume and Forecast to 2028 (Thousand Units)
Figure 12. North America Residential Food Processors Market Revenue Share, by Size (2020 and 2028)
Figure 13. Small: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Medium: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Large: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Residential Food Processors Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 17. Supermarkets and Hypermarkets: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Specialty Stores: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Online Retail: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Geographic Overview of North America Residential Food Processors Market
Figure 22. North America: Residential Food Processors Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. US: Residential Food Processors Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada: Residential Food Processors Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: Residential Food Processors Market –Revenue and Forecast to 2028 (US$ Million)
- Koninklijke Philips N.V.
- Whirlpool Corporation
- Breville Group Limited
- De’Longhi Appliances S.r.l.
- Robert Bosch GmbH
- MAGIMIX
- Groupe SEB
- Spectrum Brands, Inc.
- Conair Corporation
- SharkNinja Operating LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America residential food processors market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America residential food processors market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the residential food processors market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution