The global household slicer market size is estimated to touch USD 475.2 million by 2027. The market is projected to register 5.5% CAGR over the forecast duration. In the recent past, cooking popularity as a habit among millennials has surged. Factors such as easy availability of various recipes online coupled with the growing preferences for a healthy lifestyle are driving the market growth.
COVID-19 has changed the consumer preferences for dining out. Self-cooking has become a new trend in urban areas. Household slicer offers convenient while chopping of vegetables and fruits. In the recent past, the demand for efficient cooking appliances has surged, which in turn, has positively affected the market growth. An increasing number of people are posting a picture of self-cooked food on social media. This trend is further estimated to increase over time.
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Main features of the report:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Household Slicer Market.
• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• To provide country level analysis of the market for segment by application, product type and sub-segments.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Household Slicer Market.
Growing penetration of modular kitchens has led to rise in kitchen remodeling, as a result, driving the demand for efficient kitchen tool including household slicer. In addition, treating people at their homes and organizing birthday parties have become a new trend, where efficient kitchen product such as household slicer is estimated to be useful.
Offline store accounted for the highest share in the household slicermarket in 2019, owing to the increasing preferences among consumers to check the product before making a purchasing decision. In addition, these stores ensure instant buying and return offer. The online channel, on the other hand, is estimated to register the highest growth over the forecast duration owing to increasing product visibility and rise in multi-channel retailing.
Further key findings from the report suggest:
• Depending on the product, manual slicer accounted for the highest share in the market with over 73.0% in 2019.
• Asia Pacific is estimated to witness the highest growth of 6.2% CAGR over the forecast duration.
• In 2019, the offline distribution channel accounted for the maximum share with over 85.0% in the market.
Impact of COVID-19
The outbreak of the COVID-19 virus has negatively affected the market. In the early stage of the pandemic, panic buying has led to rising in sales of kitchen products including household slicer. However, over the period, the lockdown has resulted in low production and demand for the household slicer. Further, disruption in the supply chain has significantly affected the distribution of the product, which in turn, adversely affected the market growth. Nonetheless, with the resumption of various economic activities, household slicer production has increased. Manufacturers should focus on the production of low and medium-priced slicers to consolidate their market position.
Global Household Slicer Market: Key Players
Foodmate, Sirman, Hallde, Devile Technologies, Swedinghaus and Wente-Thiedig GmbH
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