As in other areas of consumer appliances, food preparation appliances is heavily affected by price inflation and rising interest rates. As inflationary pressure continues to prove detrimental to household disposable income levels, lower spending power and weaken consumer confidence are set to depress the demand for food preparation appliances.
Another contributor to the decline in retail volume sales in 2022 was the development of and growing preference for multifunctional food preparation appliances. For example, versatility helped to boost the appeal of countertop mixers among households in Denmark, resulting in fast retail volume sales in mixers in 2020 and 2021.
Despite the exigencies of the COVID-19 pandemic, juice extractors witnessed sharp decreases in retail volume and value sales between 2020 and 2022. This was mainly due to the shift towards multifunctional devices offering the same results.
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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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