Global Food Grinders and Mixers and Fruit/Vegetable Juice Extractors Market to Reach $18.3B by 2030, with CAGR of +5.7%

IndexBox has just published a new report: World - Domestic Food Grinders And Mixers And Fruit Or Vegetable Juice Extractors - Market Analysis, Forecast, Size, Trends and Insights.

Driven by rising global demand, the market for domestic food grinders, mixers, and juice extractors is expected to experience steady growth in the next seven years. The market volume is projected to reach 798 million units by 2030, with a forecasted CAGR of +3.2%. In terms of value, the market is anticipated to grow at a CAGR of +5.7%, reaching $18.3 billion by the end of 2030.

Market Forecast

Driven by increasing demand for domestic food grinders and mixers and fruit or vegetable juice extractors worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.2% for the period from 2023 to 2030, which is projected to bring the market volume to 798M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2023 to 2030, which is projected to bring the market value to $18.3B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Domestic Food Grinders And Mixers And Fruit Or Vegetable Juice Extractors

In 2023, consumption of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by -3.3% to 640M units, falling for the second consecutive year after four years of growth. Overall, consumption, however, continues to indicate strong growth. Over the period under review, global consumption attained the maximum volume at 681M units in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

The global food mixer market revenue dropped to $12.4B in 2023, declining by -7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a temperate expansion from 2013 to 2023: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by -7.5% against 2021 indices. Over the period under review, the global market attained the maximum level at $13.5B in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2023 were India (174M units), China (123M units) and the United States (79M units), together accounting for 59% of global consumption.

From 2013 to 2023, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by India (with a CAGR of +12.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($3.7B) led the market, alone. The second position in the ranking was held by China ($1.7B). It was followed by the United States.

In India, the food mixer market expanded at an average annual rate of +9.4% over the period from 2013-2023. The remaining consuming countries recorded the following average annual rates of market growth: China (+6.9% per year) and the United States (+3.2% per year).

In 2023, the highest levels of food mixer per capita consumption was registered in the United Arab Emirates (992 units per 1000 persons), followed by the United States (235 units per 1000 persons), Germany (212 units per 1000 persons) and South Korea (195 units per 1000 persons), while the world average per capita consumption of food mixer was estimated at 80 units per 1000 persons.

From 2013 to 2023, the average annual growth rate of the food mixer per capita consumption in the United Arab Emirates amounted to +1.1%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (+3.8% per year) and Germany (+4.0% per year).

Production

World Production of Domestic Food Grinders And Mixers And Fruit Or Vegetable Juice Extractors

In 2023, the amount of domestic food grinders and mixers and fruit or vegetable juice extractors produced worldwide stood at 738M units, surging by 3.5% compared with the year before. Overall, production recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of 46%. Global production peaked at 762M units in 2021; however, from 2022 to 2023, production failed to regain momentum.

In value terms, food mixer production declined slightly to $13.6B in 2023 estimated in export price. In general, the total production indicated a strong expansion from 2013 to 2023: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by -3.9% against 2021 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 26%. Global production peaked at $14.2B in 2021; however, from 2022 to 2023, production remained at a lower figure.

Production By Country

China (428M units) constituted the country with the largest volume of food mixer production, accounting for 58% of total volume. Moreover, food mixer production in China exceeded the figures recorded by the second-largest producer, India (174M units), twofold. The third position in this ranking was taken by the United States (19M units), with a 2.6% share.

In China, food mixer production expanded at an average annual rate of +5.4% over the period from 2013-2023. The remaining producing countries recorded the following average annual rates of production growth: India (+12.8% per year) and the United States (-2.7% per year).

Imports

World Imports of Domestic Food Grinders And Mixers And Fruit Or Vegetable Juice Extractors

In 2023, approx. 286M units of domestic food grinders and mixers and fruit or vegetable juice extractors were imported worldwide; remaining stable against 2022 figures. The total import volume increased at an average annual rate of +1.8% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of 360M units. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, food mixer imports reduced to $5.7B in 2023. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $7.9B. From 2022 to 2023, the growth of global imports failed to regain momentum.

Imports By Country

In 2023, the United States (69M units) represented the main importer of domestic food grinders and mixers and fruit or vegetable juice extractors, achieving 24% of total imports. Russia (18M units) took the second position in the ranking, followed by Germany (16M units). All these countries together took near 12% share of total imports. The United Arab Emirates (10M units), Mexico (10M units), France (9.8M units), Italy (9.6M units), the Netherlands (8.8M units), Spain (8.7M units), the UK (7.7M units), Canada (5.9M units), Poland (5.5M units) and Iraq (5.1M units) held a relatively small share of total imports.

From 2013 to 2023, average annual rates of growth with regard to food mixer imports into the United States stood at +1.8%. At the same time, Iraq (+20.4%), Russia (+5.7%), Poland (+5.5%), Mexico (+4.3%), Spain (+4.2%), France (+3.7%), the United Arab Emirates (+1.7%) and the Netherlands (+1.5%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the world, with a CAGR of +20.4% from 2013-2023. By contrast, Canada (-1.0%), Italy (-1.2%), the UK (-2.0%) and Germany (-2.8%) illustrated a downward trend over the same period. Italy (+3.4 p.p.) and Russia (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while Germany saw its share reduced by -3.1% from 2013 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($1.1B) constitutes the largest market for imported domestic food grinders and mixers and fruit or vegetable juice extractors worldwide, comprising 20% of global imports. The second position in the ranking was taken by Germany ($405M), with a 7.2% share of global imports. It was followed by Russia, with a 4.3% share.

In the United States, food mixer imports remained relatively stable over the period from 2013-2023. In the other countries, the average annual rates were as follows: Germany (-1.5% per year) and Russia (-0.4% per year).

Import Prices By Country

In 2023, the average food mixer import price amounted to $20 per unit, reducing by -7.7% against the previous year. Over the period under review, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $25 per unit. From 2015 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($29 per unit), while Spain ($14 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+2.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Domestic Food Grinders And Mixers And Fruit Or Vegetable Juice Extractors

In 2023, global food mixer exports totaled 384M units, surging by 14% against the previous year's figure. In general, exports saw a noticeable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. Over the period under review, the global exports attained the peak figure at 441M units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, food mixer exports amounted to $6.5B in 2023. Overall, total exports indicated pronounced growth from 2013 to 2023: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by -22.4% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports attained the peak of $8.4B. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.

Exports By Country

China prevails in exports structure, finishing at 305M units, which was approx. 80% of total exports in 2023. The following exporters - the United States (8.5M units), the Netherlands (7.5M units), Mexico (7.3M units) and Germany (6.6M units) - each resulted at a 7.8% share of total exports.

Exports from China increased at an average annual rate of +4.8% from 2013 to 2023. At the same time, the Netherlands (+8.5%) and the United States (+2.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +8.5% from 2013-2023. By contrast, Mexico (-2.9%) and Germany (-3.2%) illustrated a downward trend over the same period. From 2013 to 2023, the share of China increased by +7.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($4.1B) remains the largest food mixer supplier worldwide, comprising 62% of global exports. The second position in the ranking was taken by the United States ($411M), with a 6.3% share of global exports. It was followed by Germany, with a 3% share.

In China, food mixer exports increased at an average annual rate of +4.6% over the period from 2013-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+1.0% per year) and Germany (-4.0% per year).

Export Prices By Country

The average food mixer export price stood at $17 per unit in 2023, declining by -11.8% against the previous year. In general, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2015 an increase of 35% against the previous year. The global export price peaked at $29 per unit in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($48 per unit), while China ($13 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.5%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform