The global household slicer market is forecasted to grow at a high compound annual growth rate (CAGR) between 2020 and 2026. This growth can be attributed to the growth in the number of food bloggers and upsurge in food consumption. Household food slicers are becoming popular for reducing the time needed to cut different types of fruits and vegetables if judged against the traditional tools. Owing to the escalating preference for efficient kitchen tools within the residential sector, the requirement for household slicers is growing. Moreover, as the world is experiencing and adopting foreign and new cuisines, the budding love for finger foods is likely to drive the demand for specialized kitchen tools. The demand for the household slicer market globally is influenced by the growing base of affluent consumers, more number of the working population, improving lifestyle, and so forth. Young people, who are working, are more inclined to using such tools while hosting social gatherings. At the beginning of the pandemic, people panicked and hoarded up on necessities (like, toilet paper, frozen foods, disinfectant wipes, cleaning supplies, etc.). Gradually, in the following days, consumers shifted their attention to efficient household tools. Since food delivery was considered unsafe, an increasing number of people started cooking at home. Thus, the growing demand for home-cooked meals led to an increase in the sale of kitchen household slicers, along with, other kitchen utensils and cookware.
Region-wise, North America holds the largest share of the global household slicer market in 2019. Consumers in this region have a huge demand for sophisticated and user-friendly slicers. The slicers made from steel are more in demand because of their durability and usability.
The Asia Pacific (APAC) region is probable to witness the fastest growth at 6 percent between 2020 to 2026. In this region, China, India, Japan, South Korea, and Hong Kong are the prominent markets that comprise a wide opportunity for the global household slicer market in the upcoming years.
Within the global household slicer market, manual slicers held the largest share of 73.6 percent in 2019. Due to the growing interest in national and international cooking shows (Hell’s Kitchen, MasterChef, Top Chef Masters, etc.), has driven the people to buy plain slicers for a well-equipped kitchen. Moreover, this segment is boosted by the increasing availability of products at a myriad range of prices. These products are popular for offering high accuracy, better adaptability, and perfect slicing of vegetables and fruits. However, the automatic slicers are likely to witness the fastest growth of 6.4 percent during 2020 and 2026. This is due to the development of economies and the growing tourism industry.
Concerning the distribution channels, the offline channel of distribution occupies the largest share of the market and comprised a share of 85 percent in 2019. People prefer the offline channel due to the presence of various options of products from different brands and the transparency to compare the prices and product attributes. Moreover, due to the availability of several quality household slicers at a comparatively lower rate offered by local suppliers, customer footfall to supermarkets, and hypermarkets are expected to increase. However, the online distribution channel is estimated to record the fastest growth of nearly 7 percent from 2020 to 2026.
Some of the key players in the global household slicer market constitute MHS Schneidetechnik, Swedinghaus, Magurit Gefrierschneider GmbH, Foodmate, Bizerba SE & Co. KG and many more.
Check Report Summary at Global Household Slicer Market – Forecasts to 2026