Smart Blender Market– By Type, (Full-sized, Food processor blender combo, Personal, Hand blender), By Technology (Bluetooth-Enabled, Wi-Fi-Enabled, App-Controlled), By Motor Power (Low Power (under 200 Watts), High Power (200 Watts – 300 Watts), By Material (Plastic, Glass, Steel), By Capacity (Single Serve (under 16 oz), Large capacity (16.1-32 oz) By Distribution Channel (Online and offline), By End-User (Households, Hotels, Restaurants, Cafes and Others) (By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030.

Report Code: ESR 0851 Report Format: PDF + Excel
Smart Blender Market Overview:
 
Smart Blender Market size is estimated to reach $4Bn by 2030, growing at a CAGR of 4.8% during the forecast period 2023-2030. A "smart blender" is a modern kitchen appliance that has gained popularity in recent years due to its versatility in carrying out activities like blending, mixing, pureeing, and ice-crushing. Because they include cutting-edge features like touch controls, Wi-Fi connectivity, and vocal command recognition, these blenders are a popular choice for tech-savvy consumers. owing to the rising adoption of smart home appliances are increasing demand for the smart blender market.
 
According to Bankless Times February 2023, 36% of Americans believe their smart kitchen helps them consume better food, and 50% believe it makes cooking easier which is anticipated to fuel the market growth. The demand for smart blenders has been boosted by the growing popularity of smart household appliances. The smart blender industry is expanding as more people adopt smart technology in their homes. These blenders frequently have features that improve user convenience and enjoyment, such as smartphone connectivity, voice control, and programmable settings.
 
Smart Blender Market- Report Coverage:
 
The “Smart Blender Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Smart Blender Market.
 
                      Attribute                                 Segment

By Type

      Full-sized

      Food processor blender combo

      Personal

      Hand blender

By Technology

      Bluetooth-Enabled

      Wi-Fi-Enabled

      App-Controlled

By Motor Power

      Low Power (under 200 Watts)

      High Power (200 Watts - 300 Watts)

By Material

      Plastic

      Glass

      Steel

By Capacity

      Single Serve (under 16 oz)

      Large capacity (16.1-32 oz)

By Distribution Channel

      Online

      Offline

By End User

      Households

      Hotels

      Restaurants

      Cafes

      Others

By Geography

      North America

      South America

      Europe

      APAC

      Middle East & Africa

 
COVID-19 / Ukraine Crisis - Impact Analysis:  
 
The Covid-19 epidemic has had a significant impact on the world. The manufacturing and distribution of smart blenders were delayed as a result of the outbreak's interruption of the worldwide supply chain. Sales of smart blenders decreased because more stores closed and fewer people were walking around, which affected foot traffic. In addition, customers spent less money on luxury items like smart blenders as a result of the pandemic's negative economic effects. However, the epidemic did lengthen people's time at home, increasing the market for household appliances like smart blenders. The surge in interest in simple methods of purchasing appliances led to an increase in online sales of smart blenders. The pandemic's emphasis on health and wellness also spurred demand for smart blenders as people became more interested in preparing healthy meals and beverages at home.
 
The Russian invasion of Ukraine in 2022, the Russia-Ukraine war has the potential to exacerbate semiconductor supply chain issues and the chip shortage that has impacted the industry for the past two years. The most immediate risk is to the supply of specific raw materials used in semiconductor manufacturing such as neon and palladium. Owing to the supply chain disruptions in the semiconductor industry are indirectly impacting the smart blenders market. While the impacts of inflation and indirect supply-chain effects appear to be manageable in the near term, the potential for longer-term impacts is yet to be determined and will be predicated on how events continue to unfold.
 
Key Takeaways:
 
Highest Share of North America Region
Geographically, in the global Smart Blender Market share, North America is analyzed to grow with the highest share of 36% market share in 2022. With the popularity of the tech-savvy society and the early embrace of smart home technologies, North America has seen significant consumer adoption of smart appliances, including smart blenders. The industry's major companies are actively pursuing tactics to take the North American market, encouraging innovation and healthy competition, which helps explain the region's high market share. According to Onedesk Inc. August 2022, Smart devices are used by 87% of Millennials every day including the smart blender in their kitchens this resulted in the usage of smart blenders across the region. This expansion is also credited to factors like technology developments, high consumer awareness, and a strong market for smart kitchen products in the region.
 
App-Controlled Segment to Register the Highest Share
According to the Smart Blender Market, the App-Controlled segment is estimated to grow with the highest share of 39% market share in 2022. The blending process has been transformed by smart blenders that have app-controlled technology. Through specialized mobile applications, users may precisely manage blending parameters, alter recipes, and track progress. With this invention, convenience is increased and technology is seamlessly incorporated into typical kitchen tasks. These blenders give consumers flexibility and efficiency in getting desired blending outcomes with features like remote operation and programmed presets. Such clever blenders are becoming more and more popular, which reflects the rising desire for linked and intelligent kitchen equipment.
 
Hotels is the Fastest Growing Segment in the Market
According to the Smart Blender Market, the Hotels segment is estimated to grow with the highest CAGR of 5.8% during the forecast period 2023-2030. The fastest-growing market category for blenders is that of smart blender integration in hotels. This trend will be fueled by the rising demand for smart kitchen appliances in hospitality settings as of 2023. The total visitor experience is improved by the enhanced capabilities and connection of smart blenders. According to the American Hotel & Lodging Association, the U.S. hotel demand increased by 11.1% between 2021 and 2022 this growth is due to the advancements in smart appliances such as smart blenders. This expansion is consistent with technology developments and the increasing uptake of smart appliances across a range of industries. The hospitality sector's ongoing efforts to improve visitor experiences through cutting-edge and effective technologies have an impact on the integration of smart blenders in hotel settings.
 
Growing demand for convenient and healthy food will accelerate the expansion of the global industry. 
One of the primary forces behind the growth of the global market for smart blenders is the increasing desire for quick and healthy eating. As consumers become more conscious of their health, they are searching for equipment that would enable them to prepare healthful meals quickly and easily. Smart blenders' cutting-edge capabilities enable customers to swiftly produce nutritious drinks like juices and smoothies. Additionally, consumers can modify their drinks using pre-set programs to meet their unique dietary needs. As a result, consumers who are concerned about their health are far more likely to use smart blenders.
 
According to the Barbecue Lab September 2023, 93% of Americans want to eat healthy as hectic lifestyles and on-the-go dining become more common, so has the desire for quick and easy food options. Because they make it easier to quickly and simply prepare wholesome and nourishing drinks, smart blenders are a popular choice for consumers who are constantly on the go. This has increased demand for smart blenders even more in the industry.
 
Lack of user knowledge of benefits and attributes of smart blenders 
Considering that consumers are not familiar with the capabilities and benefits of smart blenders, many consumers may still prefer using traditional blenders. Because of this, the market's growth can be constrained, and the adoption of smart blenders has been slow. The profitable market for smart blenders is being contested by numerous long-standing opponents as well as fresh competitors. Owing to the intense price competition they currently experience manufacturers' profit margins may be affected. For their products to differentiate themselves from those of their competitors, manufacturers must invest in product innovation and offer unique features and functionalities. However, rising research and development costs may have a further negative influence on their profit margins these are the factors that are anticipated to hinder the growth of the market.
 
                                                                                                           Blender Market Share (%) By Region, 2022
                                                                                     
                                                                                                  For More Details on This Report -  Request Sample
 
Key Market Players: 
 
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Smart Blender Market. The top 10 companies in this industry are listed below:
 
1. Nutribullet LLC 
2. Vitamix Corporation 
3. Hamilton Beach Brands Holding Company 
4. Philips N.V 
5. Blendtec Inc 
6. Ninja
7. Breville
8. Xiaomi
9. Smeg
10. Wolf Gourmet
 
Scope of Report: 
 
Report Metric Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

4.8%

Market Size in 2030

$4Bn

Segments Covered

Type, Technology, Motor Power, Material, Capacity, Distribution Channel, End User and Region

Geographies Covered

North America, South America, Europe, APAC, Middle East & Africa

Key Market Players

  1. Nutribullet LLC

  2. Vitamix Corporation

  3. Hamilton Beach Brands Holding Company

  4. Philips N.V

  5. Blendtec Inc

  6. Ninja

  7. Breville

  8. Xiaomi

  9. Smeg

  10. Wolf Gourmet

1. Smart Blender Market- Overview
          1.1. Definitions and Scope
2. Smart Blender Market- Executive Summary
3. Smart Blender Market- Comparative Analysis
          3.1. Company Benchmarking - Key Companies
          3.2. Global Financial Analysis - Key Companies
          3.3. Market Share Analysis - Key Companies
          3.4. Patent Analysis
          3.5. Pricing Analysis
4. Smart Blender Market- Start-up Companies Scenario (Premium)
          4.1. Key Start-up Company Analysis by
                4.1.1. Investment
                4.1.2. Revenue
                4.1.3. Venture Capital and Funding Scenario
5. Smart Blender Market– Market Entry Scenario Premium (Premium)
          5.1. Regulatory Framework Overview
          5.2. New Business and Ease of Doing Business Index
          5.3. Case Studies of Successful Ventures
6. Smart Blender Market- Forces
          6.1. Market Drivers
          6.2. Market Constraints
          6.3. Market Challenges
          6.4. Porter's Five Force Model
                6.4.1. Bargaining Power of Suppliers
                6.4.2. Bargaining Powers of Customers
                6.4.3. Threat of New Entrants
                6.4.4. Rivalry Among Existing Players
                6.4.5. Threat of Substitutes
7. Smart Blender Market– Strategic Analysis
          7.1. Value Chain Analysis
          7.2. Opportunities Analysis
          7.3. Market Life Cycle
8. Smart Blender Market– by Type (Market Size – $Million/$Billion) 
          8.1. Full-sized
          8.2. Food processor blender combo
          8.3. Personal
          8.4. Hand blender 
9. Smart Blender Market – by Technology (Market Size – $Million/$Billion) 
          9.1. Bluetooth-Enabled
          9.2. Wi-Fi-Enabled
          9.3. App-Controlled 
10. Smart Blender Market – by Motor Power (Market Size – $Million/$Billion) 
          10.1. Low Power (under 200 Watts)
          10.2. High Power (200 Watts – 300 Watts)
11. Smart Blender Market – by Material (Market Size – $Million/$Billion) 
          11.1. Plastic
          11.2. Glass
          11.3. Steel
12. Smart Blender Market – by Capacity (Market Size – $Million/$Billion) 
          12.1. Single Serve (under 16 oz)
          12.2. Large capacity (16.1-32 oz)
13. Smart Blender Market – by Distribution Channel (Market Size – $Million/$Billion)
          13.1. Online
          13.2. Offline
14. Smart Blender Market – by End User (Market Size – $Million/$Billion)
          14.1. Households
          14.2. Hotels
          14.3. Restaurants
          14.4. Cafes
          14.5. Others
15. Smart Blender Market – by Geography (Market Size – $Million/$Billion) 
          15.1. North America
                15.1.1. U.S
                15.1.2. Canada
                15.1.3. Mexico
          15.2. Europe
                15.2.1. Germany
                15.2.2. France
                15.2.3. UK
                15.2.4. Italy
                15.2.5. Spain
                15.2.6. Belgium
                15.2.7. Netherlands
                15.2.8. Rest of Europe
          15.3. Asia-Pacific
                15.3.1. China
                15.3.2. Japan
                15.3.3. South Korea
                15.3.4. India
                15.3.5. Australia & New Zealand
                15.3.6. Indonesia
                15.3.7. Malaysia
                15.3.8. Taiwan
                15.3.9. Rest of Asia-Pacific
          15.4. South America
                15.4.1. Brazil
                15.4.2. Argentina
                15.4.3. Chile
                15.4.4. Colombia
                15.4.5. Rest of South America
          15.5. Rest of The World
                15.5.1. Middle East
                          15.5.1.1. Saudi Arabia
                          15.5.1.2. UAE
                          15.5.1.3. Israel
                          15.5.1.4. Rest of the Middle East
                15.5.2. Africa
                          15.5.2.1. South Africa
                          15.5.2.2. Nigeria
                          15.5.2.3. Rest of Africa
16. Smart Blender Market– Entropy
17. Smart Blender Market– Industry/Segment Competition Landscape Premium 
          17.1. Market Share Analysis
                  17.1.1. Market Share by Product Type – Key Companies
                  17.1.2. Market Share by Region – Key Companies
                  17.1.3. Market Share by Country – Key Companies
          17.2. Competition Matrix
          17.3. Best Practices for Companies
18. Smart Blender Market– Key Company List by Country Premium Premium 
19. Smart Blender Market- Company Analysis
          19.1. Company 1
          19.2. Company 2
          19.3. Company 3
          19.4. Company 4
          19.5. Company 5
          19.6. Company 6
          19.7. Company 7
          19.8. Company 8
          19.9. Company 9
          19.10. Company 10 
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The Smart Blender Market is projected to grow at 4.8% CAGR during the forecast period 2023-2030.

Global Smart Blender Market size is estimated to be $2 billion in 2023 and is projected to reach $4Bn by 2030.

The leading players in the Smart Blender Market are Nutribullet LLC, Vitamix Corporation, Hamilton Beach Brands Holding Company, Philips N.V., Blendtec Inc., and others.

Increasing Demand for smart home appliances and rising consumer preferences for healthier foods are some of the major Smart Blender Market trends in the industry which will create growth opportunities for the market during the forecast period.

Growing demand for convenient and healthy food will accelerate the expansion of the global industry and growing R&D investments are the driving factors and opportunities of the market.