Published Date: 23-Sep-2020
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According to a new report Global Portable Blenders Market, published by KBV research, The Global Portable Blenders Market size is expected to reach $244.4 Million by 2026, rising at a market growth of 11.7% CAGR during the forecast period.
Plastic material held the biggest share of revenue in 2019. Portable blenders made of plastic are the most advantageous option among buyers for travel purposes. This device facilitates the way toward enjoying a healthy smoothie or drinkable weight reduction supplement in an exercise center, during open-air workouts, or at office work areas as the product is lightweight just as strong. Glass material is anticipated to observe significant development over the forecast period.
The offline distribution channel represented a major share of the revenue in 2019. This is ascribed to the high prominence of offline channels as it encourages the purchasers to have a first-hand look at the items, which helps in the simple review of the quality and details. The online distribution channel is anticipated to observe the fastest development during the forecast period from 2020 to 2026. The accommodation of shopping and rising penetration of the online shopping portal has been propelling the development of the online distribution channel.
North America held the biggest share of the revenue in 2019. Expanded traction towards a healthy diet and intake of nutritious food among residents in the region has brought about high penetration of portable blenders. Latin America additionally shows promising development in the portable blenders market. Expanding demand for portable blenders with an increasing number of working professionals is anticipated to drive market development in Latin America. In Europe, changing consumer inclination towards the healthy way of life is foreseen to decidedly affect the portable blenders market. In the Asia Pacific region, attributable to the increase in disposable income, development in the adoption of western culture is, health awareness is the central component contributing towards the development in the portable blenders market in the region.
Structural Insights: https://www.kbvresearch.com/portable-blenders-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Newell Brands, Inc., The Kraft Heinz Company, Hamilton Beach Brands Holding Company, BlendTec, Inc., NutriBullet, LLC, KACSOO Company, Cuisinart Corporation (Conair Corporation), Shenzhen Ckeyin Technology Co., Ltd., SharkNinja Operating LLC (CDH Private Equity) and Bella Housewares.
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