Market Size of Asia Pacific Electric Vegetable Choppers Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Electric Vegetable Choppers Market Analysis
The Asia-Pacific electric vegetable choppers market has generated revenue of USD 1.92 billion in the current year. It is poised to achieve a CAGR of more than 5% for the forecast period.
- After COVID-19, the market is growing due to the changing lifestyle. Traditional methods of cooking, such as cutting fruits and vegetables with a knife, are time-consuming and labor-intensive. The next generation of people, especially the working population, are looking for appliances that are easy to use and save time.
- An electric vegetable chopper does several tasks in the kitchen. It can chop, slice, cub, and grind vegetables and helps in making delicious meals with minimal effort in the kitchen.
- Due to the fast pace of lifestyle, vegetable choppers are one of the most preferred tools in everyday activity. The growing number of working women, changing lifestyles, and rising online presence affect the demand for vegetable choppers. The growing popularity of smart appliances, a wide variety of cutters & choppers from leading brands around the world, aggressive marketing, and manual operation also affect the demand for vegetable choppers.
Asia Pacific Electric Vegetable Choppers Industry Segmentation
Electric vegetable choppers is a kitchen appliance used to chop vegetables that comes with a motor that powers a set of sharp blades. Electric vegetable choppers can chop a large number of vegetables quickly and uniformly.
The Asia-Pacific electric vegetable choppers market is segmented by power (less than 300 watts, 300-600 watts, and more than 600 watts), bowl capacity (less than 500ml, 500-1000ml, and more than 1000ml), type (household and commercial) and distribution (supermarket/hypermarket, multi-branded stores, online, direct sales and other distribution channels).
The report offers market size and forecasts in value (USD) for all the above segments.
| By Power | |
| Less than 300 Watts | |
| 300-600 Watts | |
| More than 600 Watts |
| By Bowl Capacity | |
| Less than 500ml | |
| 500-1000ml | |
| More than 1000ml |
| By Type | |
| Household | |
| Commercial |
| By Distribution Channel | |
| Supermarket/Hypermarket | |
| Multi Branded Stores | |
| Online | |
| Direct Sales | |
| Other Distribution Channels |
Asia Pacific Electric Vegetable Choppers Market Size Summary
The Asia-Pacific electric vegetable choppers market is experiencing significant growth, driven by evolving consumer lifestyles and the increasing demand for time-saving kitchen appliances. As traditional cooking methods become less appealing to the busy working population, electric vegetable choppers are gaining popularity for their ability to efficiently chop, slice, cube, and grind vegetables, making meal preparation effortless. The rise in working women, coupled with the growing trend of smart appliances and aggressive marketing strategies, is further propelling the demand for these kitchen tools. The market is also benefiting from the widespread adoption of smart kitchen appliances, facilitated by advancements in Internet of Things (IoT) technology and improved internet infrastructure in the region, particularly in countries like Japan and South Korea.
The market landscape is characterized by fragmentation, with numerous manufacturers introducing energy-efficient and eco-friendly electric vegetable choppers. Technological advancements, such as germ-resistant technology and non-porous stainless steel, are enhancing product appeal and driving demand. Regulatory support for eco-friendly products is also contributing to market growth. Major players like Philips N.V., Midea Group, Panasonic, Haier (GE), and Siemens are actively innovating and expanding their product offerings. Strategic partnerships and digital solutions, such as Siemens' "Siemens Xcelerator," are further shaping the market dynamics, offering a positive outlook for the future of electric vegetable choppers in the Asia-Pacific region.
Asia Pacific Electric Vegetable Choppers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increasing Number of Restaurants
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1.2 Market Restraints
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1.2.1 Spike in the Price of Energy and Power in Certain Countries
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1.3 Market Opportunities
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1.3.1 Technological Advancement in Vegetable Choppers Market
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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1.5 Insights into Technological Advancements in the Industry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Power
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2.1.1 Less than 300 Watts
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2.1.2 300-600 Watts
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2.1.3 More than 600 Watts
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2.2 By Bowl Capacity
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2.2.1 Less than 500ml
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2.2.2 500-1000ml
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2.2.3 More than 1000ml
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2.3 By Type
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2.3.1 Household
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2.3.2 Commercial
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2.4 By Distribution Channel
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2.4.1 Supermarket/Hypermarket
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2.4.2 Multi Branded Stores
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2.4.3 Online
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2.4.4 Direct Sales
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2.4.5 Other Distribution Channels
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Asia Pacific Electric Vegetable Choppers Market Size FAQs
What is the current Asia Pacific Electric Vegetable Choppers Market size?
The Asia Pacific Electric Vegetable Choppers Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Electric Vegetable Choppers Market?
Philips N.V , Midea Group , Panasonic , Haier (GE) and Siemens are the major companies operating in the Asia Pacific Electric Vegetable Choppers Market.
