Report : Asia Pacific Stand Mixer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Tilt-Head and Bowl-Lift), End-User (Residential and Commercial), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Other Distribution Channel)
Commercial segment has the Largest Share of End User in the Asia Pacific Stand Mixer Market during 2021–2028
According to a new market research study on “Asia Pacific Stand Mixer Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, End User Distribution Channel and Country” is expected to reach US$ 1,355.43 million by 2028 from US$ 943.00 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific stand mixer market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to growth demand for bakery products and increasing interest in baking and cooking activities and emergence of new commercial establishments like restaurants, cafes, and hotels, however, the market is expected to experience slow growth during the forecast period owing to availability of substitute products.
The Asian economies have been hit hard due to the COVID-19 pandemic. The governments of various Asia-Pacific economies are taking possible steps to restrict the spread of the novel coronavirus by announcing a country-wide lockdown, which directly impacts the growth of industrial sectors. On the other hand, during the COVID-19 quarantine period, many people started taking interest in baking and cooking. The closure of different food outlets had led to people cooking at home. In India, there was growth in the sales of kitchen appliances during the pandemic. This had created slightly positive impact on the stand mixer market growth. Various countries from the region have restarted their business activities. With this, the demand for stand mixers is expected to improve in coming months.
The market for Asia Pacific stand mixer market is segmented into the type, end user, distribution channel and country. Based on end user, the Asia Pacific stand mixer market is segmented into residential and commercial. In 2021, commercial the segment accounted for the largest market share and moreover commercial segment registered the highest CAGR during the forecast period. . The commercial segment includes use of stand mixers in ice cream parlours, cafes, bakeries, restaurants, and hotels. Stand mixers are used in variety of applications in commercial kitchens such as beating cake batter, flavouring butter, shredding boneless chicken or other cooked meats, and making brioche, among other applications.
De’Longhi Appliances S.r.l , Whirlpool Corporation , Koninklijke Philips N.V. , Breville Group Limited, SMEG S.p.A. , Hobart , Ankarsrum Kitchen AB , Wonderchef Home Appliances Pvt. Ltd , Kenwood Limited , Hamilton Beach Brands Holding Company. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Asia Pacific Stand Mixer Market is segmented into type, end user and distribution channel. Based on type, the Asia Pacific Stand Mixer Market is segmented into tilt-head, and bowl-lift. Based on end user the Asia Pacific Stand Mixer Market is segmented into, residential, and commercial. Based on distribution channel, the Asia Pacific Stand Mixer Market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and other distribution channel. By Geographically, Asia Pacific Stand Mixer Market is segmented into (US, Canada and Mexico).
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