SAN FRANCISCO, Nov. 4, 2020
SAN FRANCISCO, Nov. 4, 2020 /PRNewswire/ -- The global portable blenders market size is expected to reach USD 225.1 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% from 2020 to 2027. Rising demand for healthy drinks as a way of getting fit and better among adults is the key factor driving the market. Consumers over the world have been seeking portable and space-saving kitchen appliances owing to the changing lifestyle, hectic schedule, and lack of time to prepare food. Furthermore, an increasing number of dual-earner households across the globe have been boosting the demand for the product.
Key suggestions from the report:
Read 80 page research report with ToC on "Portable Blenders Market Size, Share & Trends Analysis Report By Material (Plastic, Glass, Steel), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/portable-blenders-market
The portable blender offers a handy mini appliance for athletes and health-conscious individuals that enables them to prepare healthy beverages of their choice, which makes it ideal for mixing up protein shakes and smoothies. Moreover, the appliance can be transformed into a water bottle when not being used as a blender, thereby making it a dual-purpose appliance for busy and travel-friendly consumers.
In addition, the higher inclination of consumers residing in the kitchen fewer residences towards portable kitchen appliances has widened the scope of portable blenders among residential consumers. The rising popularity of people living alone has emerged the concepts of co-living spaces and hotel-style blocks, wherein people share communal spaces, such as living rooms and kitchens, resulting in a high potential for the ownership of portable small kitchen appliances, such as portable blenders.
Plastic portable blender held a 53.4% share of the global revenue in 2019. The increasing availability of BPA-free plastic products has been fueling the growth of the segment over the world. Consumers' inclination towards durability in these products owing to the risk of breaking when dropped has made plastic portable blender a highly accessible product. For instance, Millo Appliances offers a cordless, portable, and smart blender, which utilizes BPA-free Tritan Plastic and anodized aluminum for aesthetic impact. The product has also been awarded as the winner in Home Appliances Design Category, 2019 - 2020.
The increasing number of new product launches is gaining consumer's attention through high product visibility and innovative features. For instance, in January 2020, Lacomri introduced a premium quality cordless portable blender, which is designed to be recharged via USB. The product is available at the company portal as well as Amazon.
Grand View Research has segmented the global portable blenders market on the basis of material, distribution channel, and region:
List of Key Players of Portable Blenders Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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