The global Automatic Household Slicer Market size was valued at USD 320.32 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2028.
Household slicers make it easier for those responsible for preparing meals to spend more time doing other things and less time to spend in the kitchen. Kitchens are already fitted with many such instruments in developing nations that make cooking simpler and less time-consuming. With the growing number of women joining the workforce, it is predicted that the demand for household slicers will record considerable growth.
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Top Profiled Companies in the Global Automatic Household Slicer Market Report:
MHS Schneidetechnik, Swedinghaus, Magurit Gefrierschneider GmbH, Foodmate, Bizerba SE & Co. KG, Hallde, Brunner GmbH, Bizerba SE & Co. KG, Devile Technologies, Wente-Thiedig GmbH, and Sirman.
Key Highlights from the Report:
- New products are being introduced almost daily to the Automatic Household Slicer Market. In February 2021, for instance, Mueller Austria released its Pro-series Vegetable Slicer. The product is made even more appealing to consumers who are members of Amazon Prime who want to purchase it online, since these customers are given a discount price by the manufacturer.
- One of the main factors for the industry is demand to minimise prepping time. Market growth is also driven by increasing household incomes and the emergence of middle-class consumers.
- The Automatic Household Slicer Market has been segmented into manual slicers and automatic slicers on the basis of product form. Although manual slicers are cheaper and simpler to use, their speed, accuracy and design make automatic slicers preferred.
- The Automatic Household Slicer Market is segmented as online and off-line on the basis of the distribution channel. Due to higher internet penetration and ease of purchasing, the online distribution channel segment has gained substantial growth momentum.
- During the forecast years, Asia Pacific is projected to experience the fastest growth with a substantial CAGR from 2020 to 2027. The area is home to India and Indonesia, countries where people are considered to spend the most time in the kitchen. Since women are largely responsible for cooking, and they are increasingly joining the workforce with less time to devote to cooking, the Asia Pacific region is experiencing rapid growth in the market for household slicers.
The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare & nutrition, personal care & hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Outlook (Revenue, USD Million, 2018 - 2028)
- Manual
- Automatic
Distribution Channel Outlook (Revenue, USD Million, 2018 - 2028)
- Offline
- Online
Key Takeaways of the Global Automatic Household Slicer Market Report:
- A comprehensive overview of the global Household Slicer industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Automatic Household Slicer Market.
- Elaborate study of the leading regional markets in the global Automatic Household Slicer Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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