Asia Pacific Electric Vegetable Choppers Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Electric Vegetable Choppers Market Analysis
The Asia-Pacific electric vegetable choppers market has generated revenue of USD 1.92 billion in the current year. It is poised to achieve a CAGR of more than 5% for the forecast period.
- After COVID-19, the market is growing due to the changing lifestyle. Traditional methods of cooking, such as cutting fruits and vegetables with a knife, are time-consuming and labor-intensive. The next generation of people, especially the working population, are looking for appliances that are easy to use and save time.
- An electric vegetable chopper does several tasks in the kitchen. It can chop, slice, cub, and grind vegetables and helps in making delicious meals with minimal effort in the kitchen.
- Due to the fast pace of lifestyle, vegetable choppers are one of the most preferred tools in everyday activity. The growing number of working women, changing lifestyles, and rising online presence affect the demand for vegetable choppers. The growing popularity of smart appliances, a wide variety of cutters & choppers from leading brands around the world, aggressive marketing, and manual operation also affect the demand for vegetable choppers.
Asia Pacific Electric Vegetable Choppers Market Trends
The Increasing Demand for Smart Kitchen Appliances
- Smart kitchen appliances have become increasingly popular in several developing countries of Asia Pacific in recent years. One of the main reasons for this growth is the continuous development of the Internet of Things (IoT) in the Asia Pacific. The improved internet infrastructure in these regions makes it easier for end users to purchase smart kitchen appliances. Since smart kitchen appliances run primarily on Internet infrastructure, this stimulating Internet infrastructure is driving smart kitchen appliance adoption in Asia Pacific.
- Japan and South Korea are the countries home to many electronics, home appliance, and sensor manufacturers. This is driving the smart kitchen appliance demand in these countries. In addition, the ability of smart kitchen appliances to reduce operating costs and risks is driving smart kitchen appliances market growth in several countries in Asia-Pacific, which directly creates demand for the Asia Pacific electric vegetable choppers market.
Advance Technology with Eco - Friendly Electric Choppers
- The market growth is supported by the introduction of the eco-friendly electric chopper by several leading manufacturers. The regulatory authorities are also supporting and promoting eco-friendly products, which is increasing the demand for electric vegetable choppers.
- Advanced electric vegetable choppers are equipped with germ-resistant technology, which reduces the direct contact with the food item. The stainless steel of the electric choppers is non-porous, which prevents germs from entering the food item. All of these technological improvements are increasing the demand for electric vegetable choppers.
Asia Pacific Electric Vegetable Choppers Industry Overview
The vegetable choppers market is a fragmented industry. The introduction of the energy-efficient electric vegetable chopper is providing a positive outlook for market growth. Several key manufacturers have launched new energy-efficient products. With technological advancement and product innovation, mid-size to smaller companies are increasing their market presence. The significant major market players such as Philips N.V., Midea Group, Panasonic, Haier (GE), and Siemens.
Asia Pacific Electric Vegetable Choppers Market Leaders
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Philips N.V
-
Midea Group
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Panasonic
-
Haier (GE)
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Siemens
*Disclaimer: Major Players sorted in no particular order
Asia Pacific Electric Vegetable Choppers Market News
- February 2023: Philips Domestic Appliances selected Omnicom Media Group (OMG) as its worldwide media agency. This partnership encompasses responsibility for overseeing all marketing efforts related to the company's kitchen appliances.
- September 2022: Siemens unveiled "Siemens Xcelerator" during its annual flagship event, "Siemens India Innovation Day 2022," held in Mumbai. Siemens Xcelerator represents an adaptable and expansive digital business ecosystem, featuring a carefully curated portfolio comprising digital and Internet of Things (IoT)-enabled solutions from Siemens and certified third-party collaborators.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Increasing Number of Restaurants
4.2 Market Restraints
4.2.1 Spike in the Price of Energy and Power in Certain Countries
4.3 Market Opportunities
4.3.1 Technological Advancement in Vegetable Choppers Market
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Insights into Technological Advancements in the Industry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Power
5.1.1 Less than 300 Watts
5.1.2 300-600 Watts
5.1.3 More than 600 Watts
5.2 By Bowl Capacity
5.2.1 Less than 500ml
5.2.2 500-1000ml
5.2.3 More than 1000ml
5.3 By Type
5.3.1 Household
5.3.2 Commercial
5.4 By Distribution Channel
5.4.1 Supermarket/Hypermarket
5.4.2 Multi Branded Stores
5.4.3 Online
5.4.4 Direct Sales
5.4.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Overview
6.2 Company Profiles
6.2.1 Philips N.V
6.2.2 Siemens
6.2.3 Panasonic
6.2.4 Midea group
6.2.5 Haier (GE Appliances)
6.2.6 Glen Dimplex Group (Morphy Richards)
6.2.7 Groupe SEB
6.2.8 Coocheer
6.2.9 Dessini Group, Inc.
6.2.10 Black & Decker*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER AND ABOUT US
Asia Pacific Electric Vegetable Choppers Industry Segmentation
Electric vegetable choppers is a kitchen appliance used to chop vegetables that comes with a motor that powers a set of sharp blades. Electric vegetable choppers can chop a large number of vegetables quickly and uniformly.
The Asia-Pacific electric vegetable choppers market is segmented by power (less than 300 watts, 300-600 watts, and more than 600 watts), bowl capacity (less than 500ml, 500-1000ml, and more than 1000ml), type (household and commercial) and distribution (supermarket/hypermarket, multi-branded stores, online, direct sales and other distribution channels).
The report offers market size and forecasts in value (USD) for all the above segments.
| By Power | |
| Less than 300 Watts | |
| 300-600 Watts | |
| More than 600 Watts |
| By Bowl Capacity | |
| Less than 500ml | |
| 500-1000ml | |
| More than 1000ml |
| By Type | |
| Household | |
| Commercial |
| By Distribution Channel | |
| Supermarket/Hypermarket | |
| Multi Branded Stores | |
| Online | |
| Direct Sales | |
| Other Distribution Channels |
Frequently Asked Questions
What is the current Asia Pacific Electric Vegetable Choppers Market size?
The Asia Pacific Electric Vegetable Choppers Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Electric Vegetable Choppers Market?
Philips N.V , Midea Group , Panasonic , Haier (GE) and Siemens are the major companies operating in the Asia Pacific Electric Vegetable Choppers Market.
What years does this Asia Pacific Electric Vegetable Choppers Market cover?
The report covers the Asia Pacific Electric Vegetable Choppers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Electric Vegetable Choppers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Electric Vegetable Choppers Industry Report
Statistics for the 2024 Asia Pacific Electric Vegetable Choppers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Electric Vegetable Choppers analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
