South America 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)
The residential food processors market in South America is expected to grow from US$ 130.28 million in 2021 to US$ 172.70 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.
In recent years, there have been various technological advancements in the residential food processor market. The manufacturing companies are increasing their focus on innovation and providing new products to enhance the customer experience. BOSCH GmbH developed a smart food processor Cookit, a smart kitchen helper that saves time and effort. Moreover, Cookit is a multifunctional food processor that replaces nearly the entire complement of kitchen equipment. The appliance has more than 140 recipes that have been pre-programmed into its memory. The information in the display guides a user through the preparation step by step. Also, Cookit has two sensors that constantly monitor the temperature in the processor's work bowl, comparing it with the temperature recommended for the given ingredient. The electronic control unit of the appliance is Wi-Fi-enabled, which turns Cookit into the hub of the connected kitchen. BSH Hausgeräte GmbH’s Home Connect app can download even more recipes to the food processor, and Alexa, Amazon’s virtual voice assistant, can be used to access this archive. The Sharkninja Operating LLC Company developed a 3-in-1 food processor that is a food processor, multi-serve blender, and personal blender all in one. Also, the appliance has Auto-IQ technology, which delivers the result at the touch of a button. Five unique pulse, pause, blend, and process patterns are present and do all the work automatically. Thus, there will be many innovations in food processors in the coming years, which will become a future trend in the residential food processor market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is driving the growth of South America residential food processors market at a substantial CAGR.
South America Residential Food Processors Market Revenue and Forecast to 2028 (US$ Million)
South America Residential Food Processors Market Segmentation
The South America 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 South America 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 South America residential food processors market is segmented into Brazil, Argentina, and the Rest of SAM. In 2020, Brazil held the largest market share and is also 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.; and Conair Corporation are among the leading companies in the South America residential food processors market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country-Level Data
3.2.8 Limitations and Assumptions
4. South America Residential Food Processors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. South America Residential Food Processor Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Heighten Demand for Convenient Products
5.1.2 Prospering Number of Home Bakers
5.2 Market Restraints
5.2.1 Excessive Maintenance Cost of Food Processor
5.3 Market Opportunities
5.3.1 Fostering Adoption of Ecommerce
5.4 Future Trends
5.4.1 Increased Product Innovation
5.5 Impact Analysis of Drivers and Restraints
6. South America Residential Food Processor Market Analysis
6.1 South America Market Overview
6.2 South America Residential Food Processors Market –Revenue and Forecast To 2028 (US$ Million)
6.3 South America Residential Food Processors Market –Volume and Forecast to 2028 (Thousand Units)
7. South America Residential Food Processors Market Analysis – By Size
7.1 Overview
7.2 South America: Residential Food Processors Market, by Size
7.3 Small
7.3.1 Small: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Medium
7.4.1 Medium: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Large
7.5.1 Large: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Residential Food Processors Market Analysis – By Distribution Channel
8.1 Overview
8.2 South America Residential Food Processors Market, by Distribution Channel
8.3 Supermarkets and Hypermarkets
8.3.1 Supermarkets and Hypermarkets: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Specialty Stores: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Online Retail: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Others: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Residential Food Processors Market – Country Analysis
9.1 South America Residential Food Processors Market
9.1.1 South America: Residential Food Processors Market, by Key Country
9.1.1.1 Brazil: Residential Food Processors Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Residential Food Processors Market, by Size
9.1.1.1.2 Brazil: Residential Food Processors Market, by Distribution channel
9.1.1.2 Argentina: Residential Food Processors Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Residential Food Processors Market, by Size
9.1.1.2.2 Argentina: Residential Food Processors Market, by Distribution channel
9.1.1.3 Rest of SAM: Residential Food Processors Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Residential Food Processors Market, by Size
9.1.1.3.2 Rest of SAM: Residential Food Processors Market, by Distribution channel
10. Company Profiles
10.1 Koninklijke Philips N.V.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Whirlpool Corporation
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Breville Group Limited
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 De’Longhi Appliances S.r.l.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Conair Corporation
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Robert Bosch GmbH
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 MAGIMIX
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Groupe SEB
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Spectrum Brands, Inc.
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Word Index
LIST OF TABLES
Table 1. South America Residential Food Processors Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South America Residential Food Processors Market –Volume and Forecast To 2028 (Thousand Units)
Table 3. Brazil Residential Food Processors Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Residential Food Processors Market, by Size – Volume and Forecast to 2028 (Thousand units)
Table 5. Brazil Residential Food Processors Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil Residential Food Processors Market, by Distribution channel– Volume and Forecast to 2028 (Thousand units)
Table 7. Argentina Residential Food Processors Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Residential Food Processors Market, by Size – Volume and Forecast to 2028 (Thousand units)
Table 9. Argentina Residential Food Processors Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina Residential Food Processors Market, by Distribution channel– Volume and Forecast to 2028 (Thousand units)
Table 11. Rest of SAM Residential Food Processors Market, by Size – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of SAM Residential Food Processors Market, by Size – Volume and Forecast to 2028 (Thousand units)
Table 13. Rest of SAM Residential Food Processors Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of SAM Residential Food Processors Market, by Distribution channel– Volume and Forecast to 2028 (Thousand units)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Residential Food Processors Market Segmentation
Figure 2. South America Residential Food Processors Market Segmentation – By Country
Figure 3. South America Residential Food Processors Market Overview
Figure 4. Medium Segment Held Largest Share of South America Residential Food Processors Market
Figure 5. Brazil Held Largest Share of South America Residential Food Processors Market
Figure 6. South America Residential Food Processors Market, Key Market Players
Figure 7. South America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. South America Residential Food Processor Market Impact Analysis of Drivers and Restraints
Figure 10. South America Residential Food Processors Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. South America Residential Food Processors Market – Volume and Forecast to 2028 (Thousand Units)
Figure 12. South America: Residential Food Processors Market Revenue Share, by Size (2020 and 2028)
Figure 13. Small: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Medium: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Large: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. South America Residential Food Processors Market Revenue Share, by Distribution channel (2020 and 2028)
Figure 17. Supermarkets and Hypermarkets: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Specialty Stores: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Online Retail: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Residential Food Processors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Geographic Overview of South America Residential Food Processors Market
Figure 22. South America: Residential Food Processors Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Brazil: Residential Food Processors Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Argentina: Residential Food Processors Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of SAM: Residential Food Processors Market –Revenue and Forecast to 2028 (US$ Million)
- 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America residential food processors market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America residential food processors market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the residential food processors market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution