“Global Stand Mixer Market to reach a market value of USD 2.8 Billion by 2031 growing at a CAGR of 4.6%”
The Global Stand Mixer Market size is expected to reach $2.8 billion by 2031, rising at a market growth of 4.6% CAGR during the forecast period.
The 21st century has been characterized by urbanization. As of 2018, urban areas were home to 55% of the global population, as reported by the United Nations. This percentage is anticipated to increase to 68% by 2050. This economic growth allows consumers to invest in higher-quality and more expensive kitchen appliances to improve their cooking experiences. Hence, the residential segment captured $1,438.35 million revenue in the market in 2023. Urbanization also leads to changes in household dynamics and disposable incomes, which can further drive the adoption of stand mixers. The urban lifestyle often changes living conditions, work patterns, and social behaviors, affecting culinary habits.
Innovations in design and engineering have transformed these appliances from simple mixing devices into versatile, multi-functional kitchen aids that cater to a wide range of culinary needs. Modern stand mixers come with various attachments that can perform different tasks beyond mixing. Modern stand mixers incorporate user-friendly features such as digital controls, variable speed settings, and built-in timers. The overall user experience is enhanced by these features, which also make stand mixers more convenient to operate. Thus, these factors will aid in the growth of the market.
Additionally, the rise in dual-income households has also increased demand for convenient kitchen appliances. With both partners working, there is often less time for traditional, time-consuming cooking methods. Stand mixers, which can handle various tasks from mixing and kneading to whipping and blending, offer a practical solution for these households. Therefore, the convergence of changing lifestyles and increasing disposable income has significantly boosted the demand for convenient kitchen appliances like stand mixers.
However, for many, the price of a stand mixer can be prohibitive, especially when compared to less expensive alternatives that can perform similar functions. The premium pricing of stand mixers is often justified by their superior build quality, powerful motors, and extensive range of functionalities. However, for consumers who only need a basic mixer for occasional use, the additional features and higher cost of a stand mixer may not be seen as providing sufficient value. This perception can limit stand mixers' appeal to a narrower market segment willing to invest in a high-end appliance. Thus, the high cost of stand mixers represents a significant barrier to their broader adoption.
By distribution channel, the market is divided into hypermarket/supermarket, specialty stores, and online channels. The specialty stores segment garnered 35% revenue share in the market in 2023. Specialty stores, which often include kitchenware and home appliance retailers, attract consumers looking for premium and specialized stand mixers. These establishments generally provide a carefully selected assortment of mixers from renowned brands, including high-end models that are equipped with sophisticated capabilities.
On the basis of end user, the market is classified into residential and commercial. The residential segment acquired 72% revenue share in the market in 2023. The convenience, versatility, and user-friendly features of stand mixers make them an attractive addition to home kitchens, allowing individuals to easily prepare various dishes, from bread and pastries to sauces and pasta. Moreover, the availability of stand mixers in various colors and designs appeals to consumers looking to enhance their kitchen decor.
Based on type, the market is bifurcated into tilt head and bowl lift. The tilt head segment garnered 67% revenue share in the market in 2023. Tilt head mixers are preferred due to their user-friendly design, which enables the head to tilt back, thereby facilitating simple access to the mixing bowl and attachments. This convenience simplifies the operation and cleaning processes, making these mixers particularly appealing to home bakers and casual users.
Free Valuable Insights: Global Stand Mixer Market size to reach USD 2.8 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment acquired 38% revenue share in the market in 2023. In countries such as France, Germany, and Italy, there is a strong emphasis on baking and home-cooked dishes, and Europe has a rich culinary tradition. This cultural affinity for high-quality food preparation drives the demand for advanced kitchen appliances, including stand mixers.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 2 Billion |
| Market size forecast in 2031 | USD 2.8 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 4.6% from 2024 to 2031 |
| Number of Pages | 201 |
| Number of Tables | 330 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Distribution Channel, End User, Region |
| Country scope |
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| Companies Included | Breville Group Limited, Wonderchef Home Appliances Pvt. Ltd., Newell Brands, Inc., Robert Bosch GmbH (BSH Home Appliances Corporation), AB Electrolux, Koninklijke Philips N.V., Panasonic Holdings Corporation, SMEG S.p.A., Whirlpool Corporation, De'Longhi Appliances S.r. |
By End User
By Distribution Channel
By Type
By Geography
This Market size is expected to reach $2.8 billion by 2031.
Growing Globalization and Urbanization are driving the Market in coming years, however, Competition from Alternative Products restraints the growth of the Market.
Breville Group Limited, Wonderchef Home Appliances Pvt. Ltd., Newell Brands, Inc., Robert Bosch GmbH (BSH Home Appliances Corporation), AB Electrolux, Koninklijke Philips N.V., Panasonic Holdings Corporation, SMEG S.p.A., Whirlpool Corporation, De'Longhi Appliances S.r.
The expected CAGR of this Market is 4.6% from 2024 to 2031.
The Hypermarket/Supermarket segment is leading dominated the Market by Distribution Channel in 2023; thereby, achieving a market value of $1.3 billion by 2031.
The Europe region dominated the Market by Region in 2023; thereby, achieving a market value of $1.1 billion by 2031.
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