A valuation of more than USD 545.8 million is predicted for the global planetary mixer market in 2023. A moderate CAGR of 4.5% is expected to accelerate the market during the 2023 to 2033 period and increase its valuation to USD 847.6 million by the end of 2033.
One of the main advantages of using a planetary mixer is that they are very easy to use. The user simply needs to add all of the ingredients into the bowl, turn on the machine, and let it do its job. Another advantage of these mixers is that they are very versatile and can be used for a variety of tasks, such as kneading dough, mixing batter, or even whipping cream.
Planetary machines are gaining high popularity among consumers for a variety of reasons. They are packed with features that make them ideal for a wide range of tasks, right from simple cleaning to more complex jobs like polishing and waxing. Apart from that, they are easy to utilize and require little maintenance.
Planetary machines also offer a number of advantages over traditional models. For one, they are much more powerful, making them capable of tackling even the stubbornest dirt and grime. Additionally, they are much quieter than their traditional counterparts, meaning the user would not have to endure loud noise while using them. Finally, they tend to be more lightweight and compact, making them easier to store and transport.
Increasing demand for baked goods and ceramic doughs from various industries is projected to drive the market. Some of the renowned baked goods producers across the globe are set to launch state-of-the-art products to attract a large consumer base.
In September 2022, for instance, St Pierre Bakery declared that it will be launching a premium range of bake-at-home products in 2023 across the USA It is expected to include its first non-brioche rolls and baguettes in its product range. It would also feature a four-count of crusty French dinner rolls, a single French baguette, and a twin-packed French baguette.
| Attributes | Key Insights |
|---|---|
| Global Planetary Mixer Market Estimated Size (2023E) | USD 545.8 Million |
| Projected Market Valuation (2033F) | USD 847.6 Million |
| Value-based CAGR (2023 to 2033) | 4.5% |
| Market Share of the UK | 6.1% |
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The global planetary mixer market was valued at USD 545.8 Million in 2023 and is expected to reach USD 847.6 million by 2033, growing at a CAGR of 4.5% during the forecast period from 2023 to 2033. The historical outlook for the global planetary mixer market has been positive, with the market growing at a CAGR of 4.2% from 2018 to 2022. This growth can be attributed to the increasing demand for food mixers from the food and beverage industry and the rising popularity of planetary mixers in home kitchens.
In June 2022, for instance, RSPL Group introduced Baker By Chance, a new brand to offer bakery products to fulfill the high demand from evolving consumers. It would provide baked goods made of quality and fresh ingredients. Such new brand launches by renowned conglomerates are estimated to augur well for planetary mixer sales.
Various factors are responsible for propelling growth in the planetary mixer market. Lead analysts at Future Market Insights have conducted extensive research work to find out upcoming trends, threats, growth opportunities, driving factors, obstacles, and recent developments that can affect the market in the given time frame.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Principal Consultant
Bakery Machinery Manufacturers across the USA Focus on Providing FDA-Compliant Products
In the US, planetary mixers are extensively used in a variety of settings, from bakeries and restaurants to laboratories and manufacturing facilities. In most cases, these mixers are affected by the same issues that any other type of mixer would be affected by such as power outages or equipment failures. However, there are some specific issues that can impact sales of planetary mixers in the USA such as the Food and Drug Administration’s (FDA) regulation associated with food contact surfaces.
As per this regulation, all surfaces that come into contact with food must be made of materials that are safe for human consumption. This includes mixing bowls, paddles, and other attachments. As a result, many mixer manufacturers have had to change the materials they use to make their products compliant with this regulation.
Industry Development Projects across India to Propel Sales of Heavy Duty Planetary Mixers
India is set to be a land of opportunity for those looking to start or expand their businesses in the planetary mixer industry. With a population of over 1.3 billion people, there is a large potential customer base for businesses to tap into.
The Indian government is also supportive of businesses in this sector, offering various incentives and tax breaks to encourage investment. Additionally, with many development projects underway in the country, there is a growing demand for bakery equipment, which presents an opportunity for businesses supplying planetary mixers.
In order to take advantage of new opportunities available in India, businesses need to have a good understanding of the local market. They should be able to adapt their products and services to meet the needs of Indian customers. Those that are able to do this successfully can reap the rewards of doing business in one of the most populous and rapidly growing countries in the world.
Low Cost of Labor to Help Chinese Bakery Equipment Manufacturers Open their Facilities
According to FMI, the planetary mixer market in China is rising at a peak stage. The evolution pace is set to be the most rapid in 2023 when imports are projected to surge by a CAGR of 5.8%. The country has a large population and thus will have easy access to a vast potential customer base. Additionally, China's economy is growing rapidly. The country's GDP exceeded nearly USD10 trillion by 2020. This will further provide a significant boost to businesses operating in China.
Another reason why China is an attractive market for planetary mixer companies is its low labor costs. Wages in China are much lower than in other developed countries, making it an attractive destination for manufacturing and other labor-intensive industries.
Additionally, the Chinese government is increasingly investing in infrastructure projects, which would create new opportunities for businesses involved in baking. Finally, China's culture and history would offer a unique opportunity for businesses looking to tap into the vast potential market.
Launch of New Baked Snacks to Propel Demand for Planetary Cooking Mixers
Based on end users, the food and beverage segment is anticipated to dominate the global planetary mixer market in the next ten years. Increasing usage of these mixers in the bakery industry for making cookies, cakes, bread, and pastries is projected to drive sales. Besides, numerous bakeries in various parts of the globe are striving to attract a large consumer base by coming up with unique products, which would aid growth.
In October 2021, for instance, Crazy Snacks Private Limited, which is a renowned manufacturer of bakery products based in India, launched cupcakes and layer cakes to enter the cake segment. The company aims to offer affordable and delicious snack options to price-conscious consumers across the country. Thus, such product launches are likely to enable key players to boost sales of planetary mixers.
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Some of the most popular brands in the global planetary mixer industry include Hobart, KitchenAid, and Cuisinart. The majority of the key companies are focusing on growth strategies such as product approvals, product launches, participating in events, and bagging patents. A few other key players are engaging in inorganic growth strategies like partnerships and collaborations, as well as mergers and acquisitions.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 545.8 Million |
| Projected Market Valuation (2033) | USD 847.6 Million |
| Value-based CAGR (2023 to 2033) | 4.5% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD Million) |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East & Africa (MEA) |
| Key Countries Covered | The USA, Canada, Mexico, Germany, The UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | Product Type, End User, Region |
| Key Companies Profiled | Sower Group; Univex Corporation; Sammic S.L.; VMI, Li Yuan Machine Industrial Co. Ltd.; Dito Sama |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The planetary mixer industry is expected to reach a valuation of USD 545.8 Million by 2023.
The planetary mixer industry is expected to rise at a CAGR of 4.5% in the forecast period.
The North American planetary mixer industry is expected to register a 38% CAGR between 2023 and 2033.
The US, China, Canada, Germany, and Mexico are the major countries driving demand for planetary mixers.
The China planetary mixer industry is projected to grow at a CAGR of 5.8% in the next ten years.
The UK planetary mixer industry is projected to grow at a CAGR of 6.1% in the evaluation period.
The India planetary mixer industry is projected to grow at a CAGR of 6.0% throughout the estimated time frame.
Demand for planetary mixers in Europe is expected to grow at 35.6% CAGR in 2023.
Demand for planetary mixers in Japan is expected to grow at 24.5% CAGR by 2023.
Demand for planetary mixers in Australia is expected to grow at 3.2% CAGR in 2023.
The global planetary mixer industry is set to surpass USD 847.6 Million by the end of 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2023 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Product Type 5.1. Single Planetary 5.2. Double Planetary 6. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By End User 6.1. Pharmaceutical 6.2. Chemical 6.3. Food and Beverage 6.4. Other 7. Global Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East & Africa (MEA) 8. North America Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 11. East Asia Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2023 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Sower Group 17.2. Univex Corporation 17.3. Sammic S.L. 17.4. VMI, Li Yuan Machine Industrial Co. Ltd. 17.5. Dito Sama 18. Assumptions & Acronyms Used 19. Research Methodology
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Planetary Mixer Market
