The global electric milkshake machine market reached a significant valuation of US$ 1666.2 million in 2022, with projections indicating a steady growth trajectory at a CAGR of 5.6% between 2022 and 2032. By 2032, the market is anticipated to surpass a substantial milestone, crossing the US$ 2873.2 million mark in terms of valuation.
The upward trend in the global electric milkshake machine market can be primarily attributed to the growing demand observed across both commercial and residential sectors. Furthermore, the increasing popularity of high-nutritional ready-to-drink blended beverages, including milkshakes, continues to fuel the expansion of the electric milkshake machines industry worldwide.
Electric milkshake machines, also known as drink mixers, serve as countertop appliances utilized for the preparation of a variety of blended drinks, including milkshakes, frappés, flavored milk, and more. These machines are commonly found in establishments such as ice cream shops, fast-food outlets, restaurants, and households, catering to the growing consumer demand for delicious and convenient beverage options.
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Growth Factors
The utilization of electric milkshake machines is witnessing a notable surge across diverse end-use sectors, catering to a wider array of blended beverages such as milkshakes. This escalating adoption is primarily driven by the increasing consumption of milkshakes and similar blended beverages, propelled by shifting consumer preferences towards healthier and more nutritious dietary choices. Consequently, the electric milkshake machine market is poised for substantial growth during the forecast period.
An emerging trend contributing to the market expansion is the rising adoption of electric milkshake machines among households, fueled by the growing popularity of ‘do it yourself’ (DIY) practices and the burgeoning trend of smart homes. This increased uptake among consumers is expected to generate promising growth opportunities for the global market in the coming decade.
Of particular note is the escalating demand observed for multi-spindle electric milkshake machines, owing to their time-saving attributes and high efficiency levels. These advanced machines enable users to efficiently prepare larger volumes of milkshakes simultaneously, catering to the evolving needs of consumers and businesses alike.
Key Companies
- Hitachi Ltd
- Apple Inc.
- Panasonic Corporation
- Ali Group Srl
- Hamilton Beach Brands Holding Co.
- Vita-Mix Corp.
- Amilton Beach Brands
- Electro Freeze
- Federal Hospitality Equipment
- KitchenAid
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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
