With the rise of single-person households and the ongoing dynamism of the Chilean real estate market, sales of food preparation appliances will continue to thrive over the forecast period. Considering the low investment needed to purchase many of these products, and that equipment such as blenders and mixers are perceived as essential in the kitchen, many local consumers own more than one appliance, choosing different sizes or made from different materials.
Players are set to remain cautious in terms of inventory management heading into the forecast period, as rising inflation is leading to price increases across many appliances. This scenario will likely encourage Chileans to increasingly search for economy products, relinquishing features offering higher specific value and greater functionality for more affordable prices, whereby they increasingly consider private label or more competitive Chinese brands.
After struggling with supply chain issues throughout the pandemic and into 2022, players remain concerned about how to best manage their inventory, due to waning disposable incomes and an unstable economy, thereby impacting consumers’ purchasing decisions. With many players experiencing oversupply in 2022, they are faced with two scenarios; either they introduce significant discounts to move volume or wait a little longer, as they remain uncertain about when they will be able to fulfil demand in the near future.
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Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in Chile with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Food Preparation Appliances
Food preparation appliances includes food processors, blenders, mixers, juice extractors, citrus pressers, other food preparation appliances (eg pasta makers, electric mincers, smoothie makers, grinders and electric whisks)See All of Our Definitions
This report originates from Passport, our Food Preparation Appliances research and analysis database.
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