Report : Middle East and Africa Residential Food Processors Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Size (Small, Medium, and Large) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Medium segment to dominate the Middle East & Africa Residential Food Processors Market during 2020–2028
According to a new market research study on “Middle East & Africa Residential Food Processors Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Size and Distribution Channel” is expected to reach US$ 736.91 million by 2028 from US$ 543.20 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa residential food processors market along with the drivers and restraints pertaining to the market growth. Boosting number of home bakers, lifting demand for convenient products, and growing product innovation are the major factor driving the growth of the Middle East & Africa residential food processors market. However, expensive maintenance cost of food processor hinders the growth of Middle East & Africa residential food processors market.
The Middle East & Africa 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 a larger share of the market, and small is expected to register a higher CAGR during the forecast period. Based on distribution channel, the Middle East & Africa 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 in the market during the forecast period. Further, based on country, the Middle East & Africa residential food processors market is segmented into South Africa, Saudi Arabia, Egypt, the UAE, and Rest of MEA. In 2020, Rest of MEA held the largest market share; and the UAE 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; and Spectrum Brands, Inc. are among the leading companies in the Middle East & Africa residential food processors market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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