Europe Residential Food Processors Market to Grow at a CAGR of 6.9% to reach US$ 1,557.67 million from 2021 to 2028

The residential food processors market in Europe is expected to grow from US$ 977.06 million in 2021 to US$ 1,557.67 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

The e-commerce industry is growing rapidly across the region, and many consumers are increasingly using e-commerce platforms due to their convenience, ease of use, accessibility to various products, and cost-effectiveness. According to the data from Eurostat, e-shoppers in Europe are constantly increasing from 60% in 2017 to 71% in 2020. According to Office for National Statistics, in 2020, 18% of UK consumers purchased household appliances through an e-commerce platform. During the COVID-19 pandemic, the demand increased for small and large food processor appliances. Many companies, such as Robert Bosch GMBH, Koninklijke Philips N.V., and Sharkninja Operating LLC, provide food processors through their websites and e-commerce giants, such as Amazon, Flipkart, and eBay. The increased utilization of e-commerce platforms by the manufacturers to promote and sell their products would create lucrative opportunities for the growth of the residential food processor market worldwide during the forecast period.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is driving the growth of Europe residential food processors market at a substantial CAGR.

Europe Residential Food Processors Market Revenue and Forecast to 2028 (US$ Million)  

Europe Residential Food Processors Market Segmentation

The Europe 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 Europe 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 Europe residential food processors market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In 2020, the Rest of Europe held the largest market share; however, Germany is 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 Europe residential food processors market.

Europe Residential Food Processors Report Scope