Demand for food preparation appliances is expected to notably slow from 2023, with this trend expected to continue throughout the forecast period. This will be due to several reasons.
Local consumers traditionally prefer European and Japanese brands, which they perceive as offering higher quality compared to Chinese models. Nevertheless, this trend has potential to change in favour of the latter, with Chinese brands of food preparation appliances set to gradually gain share over the forecast period.
Heading into the forecast period, there is likely to be less expenditure allocated to mid-priced and premium models of food preparation appliances. Rising inflation and the cost of living will discourage many local consumers from spending on perceived non-essential items as their purchasing power is diminished.
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Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in Hong Kong, China 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.
If you're in the Food Preparation Appliances industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 DefinitionsThis report originates from Passport, our Food Preparation Appliances research and analysis database.
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