The global electric milkshake machine market size reached USD 1666.2 million in 2022 and it is expected to increase at a steady CAGR of 5.6% between 2022 and 2032. Overall electric milkshake machine sales worldwide are projected to cross a market valuation of USD 2873.2 million by 2032.
Growing demand for electric milkshake machines from commercial and residential sectors and increasing popularity of high nutritional ready-to-drink blended beverages such as milkshakes are driving the worldwide electric milkshake machines industry forward.
A countertop electric mixer used to prepare milkshakes, frappés, flavored milk, and other blended drinks is known as a milkshake machine or drink mixer. For making milkshakes in homes and restaurants, milkshake machines are typically found at ice cream shops and fast-food establishments.
Electric milkshake machines are gaining enormous popularity due to their safe and hygienic features. Unlike conventional mixers and blenders, electric milkshake mixers do not use blades, which makes them safe to use. These versatile machines give users more control over their creation.
They are being increasingly used across various end use sectors for making a broader range of blended beverages such as milkshakes. Hence, rising consumption of milkshakes and other blended beverages as a result of changing consumer preferences toward healthier and more nutritious food options will boost the electric milkshake machine market during the forecast period.
Increasing adoption of electric milkshake machines across households due to growing trend of ‘do it yourself’ (DIY) and rising popularity of smart homes is expected to create growth prospects for the global market over the next ten years.
Demand is especially rising for multi-spindle electric milkshake machines due to their time-saving and high-efficiency features. These machines allow users to prepare a higher volume of milkshakes at once.
Expanding online retail sales across markets such as the Asia Pacific and the Europe due to rising popularity of buying electrical products online will further expand the global electric milkshake machine industry during the next decade.
Leading electric milkshake machine manufacturers are innovating to introduce more energy-efficient models with user-friendly features. Besides this, they are concentrating on reducing product prices so that more and more households can afford these electric appliances. This will help them to increase sales.
| Attribute | Key Insights |
|---|---|
| Electric Milkshake Machine Market Value (2022) | USD 1666.2 Million |
| Market Value (2032) | USD 2873.2 Million |
| Value-based CAGR (2022 to 2032) | 5.6% CAGR |
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The worldwide sales of electric milkshake machines increased at a moderate CAGR over the past half-decade (2017 to 2021). However, for the forecast period (2022 to 2032), a steady CAGR of 5.6% has been predicted by Future Market Insights for the global electric milkshake machine industry.
Growing consumption of milkshakes along with increasing usage of electric milkshake machines across residential and commercial sectors for preparing various blended beverages is a key factor driving the global market forward.
Milkshake demand is increasing in the food service industry as a result of changing consumer preferences toward healthier and more nutritious food options. Milkshakes are becoming increasingly popular as a dessert or snack option, particularly among young people.
The proliferation of fast-food chains and restaurants that include milkshake variations on their menus is expected to play a crucial role in fostering growth in the global electric milkshake machine industry during the forecast period.
Growing Adoption across Households Fueling Sales Across United States
According to Future Market Insights, the United States electric milkshake machines market totaled a valuation of USD 430.5 million in 2022 and it is expected to retain its dominance over the global market during the forecast period.
Increasing health-conscious consumers, hectic life schedules, and growing popularity of packaged milkshakes on account of their probiotic effect are a few factors driving demand for electric milkshake machines across the United States.
Similarly, rising adoption across residential homes along with increasing presence of restaurants and cafes is expected to propel electric milkshake machine demand in the country during the assessment period.
Rising Export of Electric Appliances Boosting Market in China
As per FMI’s latest analysis, the Asia Pacific, spearheaded by China and India, is set to emerge as the most lucrative market for electric milkshake machines market during the projection period. This is attributed to robust growth of home appliances industry, rapid urbanization, shifting consumer preferences toward western foods & beverages, and presence of leading electric milkshake machine manufacturers.
The Asia Pacific has become the hub of electronics due to presence of the world’s leading players including Philips N V, TOSHIBA Cooperation, Hitachi ltd, Apple Inc, Samsung Electronics, and Ali Groups. These companies are continuously introducing novel electrical appliances to meet end user demand.
Countries such as China and India have become leading exporters of mixers, blenders, and electric milkshake machines. China’s electrical products are gaining enormous popularity globally due to lower costs. Hence, increasing export of electric appliances is expected to create lucrative opportunities for electric milkshake machines throughout the forecast period
Increasing penetration of online shopping platforms, supermarkets, and industrial distributors across the Asia Pacific coupled with growing consumer preference towards purchasing home appliances through online mode will further boost electric milkshake sales during the assessment period.
Principal Consultant
Most of the Electric Milkshake Machine Demand to Arise from Households
Based on end user, the global electric milkshake machine industry is segmented into hotels and restaurants, bakery, cafes, cloud kitchens, and households. Among these, the household category is perhaps one of the most dominant segments, holding a prominent market share of the global market. This is attributed to the rising adoption of electric milkshake machines across households for making milkshakes, frappes, and other blended beverages.
The demand for electrical goods increases together with the world population. As households' average monthly income has increased, they are now able to buy things other than those necessary for survival.
Families have started purchasing electrical appliances such as rice cookers, blenders, and electric milkshake machines to make their life easy and comfortable. This is providing a strong thrust to the global electric milkshake machine industry and the trend is expected to continue during the forecast period.
Subsequently, factors such as rapid urbanization, changing lifestyles and eating habits, and growing trend of ‘do it yourself’ are expected to elevate electric milkshake machine demand over the projection period.
Growing Need for Saving Time and Effort Encouraging Adoption of Full-automated Machines
By operating mode, the global market is categorized into manual, semi-automated, and fully-automated. Among these, semi-automated segment holds a significant share of the electric milkshake machine industry while the fully-automated segment is expected to surge at a healthy pace during the next ten years.
As people are becoming busier than ever before, they are showing a keen inclination towards employing automatic machines for performing various tasks. Adoption of fully automatic appliances helps them to save time and effort. This is a key factor triggering sales of fully-automated electric milkshake machines globally.
Leading electric milkshake machine manufacturers are continuously striving to upgrade their product portfolios by launching new innovative machines with additional features. They are also working on improving design of their products as well as reducing costs to attract more and more customers.
Other key strategies adopted by electric milkshake machine companies include mergers, acquisitions, partnerships, collaborations, and facility expansions. Besides these, they are shifting their preference towards selling their products through online shopping platforms.
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| Attribute | Details |
|---|---|
| Market Size (2022) | USD 1666.2 million |
| Projected Market Size (2032) | USD 2873.2 million |
| Anticipated Growth Rate (2022 to 2032) | 5.6% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; South America |
| Key Countries Covered | United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, South Africa, UAE |
| Key Segments Covered | Product Type, Operating Mode, End User, Material, Type, Region |
| Key Companies Profiled | 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 |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The growing demand for decorative fence screens, the increasing popularity of DIY projects, and the rising use of recycled materials.
The market is expected to grow at a CAGR of 5.6% from 2023 to 2033, creating opportunities for investors.
The growing demand for milkshakes, the increasing popularity of at-home food service, and the rising disposable income of consumers.
The Asia Pacific region is expected to witness the highest growth in the electric milkshake machine market, with a CAGR of 5.8% from 2023 to 2033.
The growing demand for portable machines, the increasing popularity of self-service machines, and the rising use of touchscreen technology.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.3.1. Mixers 5.3.2. Mix-in Blenders 6. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Operating Mode 6.3.1. Manual 6.3.2. Fully automated 6.3.3. Semi-automated 7. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material 7.3.1. Stainless steel 7.3.2. Polycarbonate 8. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 8.3.1. Hotel and Restaurants 8.3.2. Bakery 8.3.3. Catering 8.3.4. Household 8.3.5. Cafes 9. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 9.3.1. Single Spindle 9.3.2. Double Spindle 9.3.3. Triple Spindle 10. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Operating Mode 10.3.1. Manual 10.3.2. Semi-Automated 10.3.3. Fully-Automated 11. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia 11.3.6. Oceania 11.3.7. Middle East & Africa 12. North America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. South Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. Oceania Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 18. Middle East & Africa Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 19. Key Countries Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1.1. Hitachi Ltd 21.1.2. Apple Inc. 21.1.3. Panasonic Corporation 21.1.4. Ali Group Srl 21.1.5. Hamilton Beach Brands Holding Co. 21.1.6. Vita-Mix Corp. 21.1.7. Amilton Beach Brands 21.1.8. Electro Freeze 21.1.9. Vita-Mix 21.1.10. Ceado 21.1.11. Federal Hospitality Equipment 21.1.12. KitchenAid 22. Assumptions & Acronyms Used 23. Research Methodology
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Electric Milkshake Machine Market
