The global sales of electrical milkshake machines totaled a valuation of US$ 1666.2 million in 2022. The overall electric milkshake machine market size is anticipated to expand at 5.6% CAGR between 2022 and 2032, crossing a valuation of US$ 2873.2 million by 2032.
Increasing consumption of milkshakes and other blended beverages due to their high nutritional content and rising adoption of electric milkshake machines across households and commercial sectors such as restaurants and cafes are driving the global market forward.
In recent years, electric milkshake machines have gained huge traction across the world for making various types of blended beverages. These electric appliances have made preparation of milkshakes easy. Hence, they are being increasingly employed in households, restaurants, cafes, and several other end use sectors.
Electric milkshake machine demand remains particularly high in the residential sector due to increasing consumer spending on electronic appliances and growing popularity of smart homes. As the global population continues to increase rapidly, so does the need for electrical items.
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The average monthly income of households has improved, enabling them to purchase various electrical appliances to improve their living standard. This will continue to accelerate growth in the global electric milkshake machine Market during the assessment period.
Growing number of milkshake brands worldwide and availability of customized milkshake equipment are expected to create lucrative opportunities for electric milkshake machine manufacturers.
Similarly, reduction in product prices, increasing demand for packaged milkshakes, and growing popularity of fully-automated appliances will boost electric milkshake machine sales over the projection period.
Key Takeaways from the Electric Milkshake Machine Market Study:
- Global electric milkshake machine demand is projected to surge at a CAGR of 5.6% between 2022 and 2032.
- By end user, household segment holds a prominent share of the global electric milkshake machines market.
- Based on operating mode, sales of fully-automated electric milkshake machines are likely to outpace other types.
- The Europe electric milkshake machine market size reached US$ 666.5 million in 2022.
- With rapid growth of electronic appliances industry, China is likely to emerge as a lucrative market for electric milkshake machines during the forecast period.
- The United States electric milkshake machine market is currently valued at around US$ 430.5 million.
“Rapid urbanization and increasing disposable income are emerging as the two main forces driving demand for electrical appliances such as electric milkshake machines worldwide. Besides, this growing consumption of milkshakes and other blended beverages will positively influence electric milkshake machine market over the next ten years”, says a lead FMI analyst.
Who is Winning?
Key companies dominating the global electric milkshake machine market include Hitachi Ltd, Apple Inc., Panasonic Corporation, Ali Group Srl, Hamilton Beach Brands Holding Co., Vita-Mix Corp., Amilton Beach Brands, Electro Freeze, Vita-Mix, Ceado, Federal Hospitality Equipment, and KitchenAid.
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Get Valuable Insights into Electric Milkshake Machine Market
FMI, in its new offering, provides an unbiased analysis of the electric milkshake machine equipment market presenting historical demand data (2017 to 2022) and forecast statistics for the period from (2022 to 2032). The study divulges compelling insights on the demand for Electric milkshake machine equipment based on product type (mixers, mix-in blenders), type (single spindle, double spindle, triple spindle), operating mode (manual, semi-automated, fully-automated), material (polycarbonate, stainless steel), and end user (hotel & restaurants, bakery, household, cafes, cloud kitchens) across several regions.
Key Segments
By Product Type:
- Mixers
- Mix-in Blenders
By End User:
- Hotel and Restaurants
- Bakery
- Household
- Cloud Kitchens
- Cafes
By Type:
- Single Spindle
- Double Spindle
- Triple Spindle
By Operating Mode:
- Manual
- Semi-automated
- Fully-automated
By Material:
- Stainless steel
- Polycarbonate
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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