Portable Blenders Market Will Projected to Boost USD 288.5 Million at a CAGR of 8.3% by 2030 | Reports and Data

PRESS RELEASE
Published March 29, 2023

The global portable blenders market size was USD 140.7 Million in 2021 and is expected to register a revenue CAGR of 8.3% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by increasing need for faster and easier ways to make healthy diets among fitness enthusiasts.

Portable blenders are primarily used by fitness enthusiasts who follow healthy eating habits and consume protein supplements. Rising awareness of health among the populations of various countries has contributed significantly to revenue growth of the global market. The portable blender makes it easier to mix and blend in outdoor settings such as gyms, offices, or playgrounds compared to larger blenders. Portable blenders are extremely popular among fitness enthusiasts for making their essential protein drinks during workout sessions. The increasing adoption of e-commerce platforms has also boosted the adoption of portable blenders.

Top Companies Operating in the Global Portable Blenders Market Report:

nutribullet, LLC, BlendJet, Kacsoo, Bella Housewares, Newell Australia Pty Ltd., Hamilton Beach Brands, Inc., SharkNinja Operating LLC, Conair Corporation, Blendtec, and Shenzhen Ckeyin Technology Co., ltd.

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Some Key Highlights From the Report

  • Plastic segment is expected to register a fastest revenue growth rate during the forecast period owing to the increasing need for convenience among consumers who enjoy traveling. The plastic portable blenders are usually lightweight, making them easy to carry in bags on outings. Low cost and high durability are also factors increasing the adoption of plastic portable blenders. In addition, the availability of various styles and sizes of plastic portable blenders also drives revenue growth of the segment.
  • Online segment is expected to account for largest revenue share over the forecast period owing to the availability of a wide variety of products at low prices. Online platforms have gained popularity owing to exclusive discounts they offer on almost every product. Customers are opting for online platforms due to their convenience and hassle-free shopping experience. In addition, online platforms are popular because they allow customers to choose from a variety of different products at their convenience. Furthermore, increasing use of online platforms has also been facilitated by the adoption of smartphones and rapid growth in internet penetration.
  • Commercial segment is expected to register a steady revenue growth rate during the forecast period owing to the rising popularity of small, portable products that can be used while traveling. Portable blenders are rechargeable and are particularly popular among consumers since they are convenient to carry around and take up very little counter and storage space. Increasing awareness of healthy lifestyles has resulted in portable blenders being more commonly used in gyms, offices, and outdoor activities.
  • Market in North America is expected to account for largest revenue share in the global market during the forecast period. Increasing awareness of self-health and rising participation of youths in fitness centers in countries like the U.S. and Canada have led to a rapid growth rate of the market. Portable blenders have been increasingly used as a means of preparing healthy diets and supplements which are then consumed by people. Increase in number of health clubs and gyms in the region is also contributing to the revenue growth of the market. According to the International Health, Racquet & Sportsclub Association (IHRSA), there were 32,270 health clubs in the U.S. in 2021.

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Further market segmentation

Material Outlook (Revenue, USD Million; 2019–2030)

  • Plastic
  • Glass
  • Steel

Distribution Channel Outlook (Revenue, USD Million; 2019–2030)

  • Offline
  • Online

End-use Outlook (Revenue, USD Million; 2019–2030)

  • Residential
  • Commercial

Key Takeaways of the Global Portable Blenders Market Report:

  • A comprehensive overview of the global Portable Blenders industry.
  • Accurate market projections in terms of market size, share, and volume.
  • Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
  • Deep-dive analysis of the upcoming market trends.
  • Qualitative and quantitative analyses of the global Portable Blenders market.
  • Elaborate study of the leading regional markets in the global Portable Blenders market.
  • Complete overview of the market’s competitive landscape.
  • Brief look at the company profiles and portfolios.

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