Electric Vegetable Chopper Market Size (2024 - 2029)

The electric vegetable chopper market is poised for growth, driven by increasing vegetable consumption and the demand from the hospitality industry for efficient chopping solutions. Despite challenges such as rising prices and supply chain disruptions due to COVID-19, the market has shown resilience as GDP levels stabilize, restoring balance in demand and supply. The market's expansion is further supported by the robust food expenditure in regions like the United States and the United Kingdom, indicating a positive outlook for the electric vegetable chopper market size in the coming years.

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Market Size of Electric Vegetable Chopper Industry

Electric Vegetable Chopper Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 7.00 %
Market Concentration Medium

Major Players

Electric Vegetable Chopper Market Major Players

*Disclaimer: Major Players sorted in no particular order

Electric Vegetable Chopper Market Analysis

The Electric Vegetable Chopper Market is expected to register a CAGR greater than 7% during the forecast period. Revenue from the food market worldwide is observing a continuous increase, rising to USD 8.74 trillion last year in that share of the vegetable market with continuous growth at USD 0.93 trillion last year. This rise in vegetable revenue signifies increased consumption, creating an opportunistic market for electric vegetable choppers. As the hotel and restaurant industry deals with large-scale vegetable chopping, the use of electric vegetable choppers is reducing a significant amount of manual work.

With the advent of COVID-19, the price of electric equipment and appliances increased globally. Combined with supply chain disruptions globally, this leads to a decline in demand for electric vegetable choppers. Asia-Pacific countries, which are leading in the restaurant industry, observed a rise in inflation, leading to a decline in the purchasing power of households as well as restaurant chains, affecting electric vegetable chopper sales.

Post-COVID-19, the GDP level has stabilized, leading to a stable demand and supply side of the market. The United States and the United Kingdom are countries leading in food expenditure per person globally. With the positive growth of the hospitality and food market globally, the electric vegetable chopper is expected to have a positive externality in its sales.

Electric Vegetable Chopper Industry Segmentation

Electric vegetable choppers are automated and help to chop vegetables with ease; once the user puts the vegetables in the required details, the chopper takes over the work and gets the prepared vegetables ready for cooking. They come with a motor that powers a set of sharp blades to chop large numbers of vegetables quickly and uniformly, making them essential equipment for the modern kitchen.

The Electric Vegetable Chopper Market is segmented by Capacity (200ml, 300ml-500ml, and Above 500ml), Blade (Three, Four, and Other Blades), Type (Household and Commercial), Distribution Channel (Supermarkets/Hypermarkets, Multi-branded Stores, Online, Direct Sales, Other Distribution Channels), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers the market size in value terms in USD for all the abovementioned segments.

By Capacity
200 ml
300 ml - 500 ml
Above 500 ml
By Blade
Three
Four
Other Blades
By Distribution Channel
Supermarket/Hypermarket
Multi Branded Stores
Online
Direct Sales
Other Distribution Channels
By Region
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa
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Electric Vegetable Chopper Market Size Summary

The Electric Vegetable Chopper Market is poised for significant growth, driven by the increasing demand for efficient kitchen appliances in both residential and commercial sectors. The global rise in vegetable consumption, particularly in the hospitality industry, underscores the need for electric vegetable choppers to streamline food preparation processes. Despite initial setbacks due to COVID-19, which led to price hikes and supply chain disruptions, the market is rebounding as economic stability returns. The United States and the United Kingdom, with their high food expenditure, along with the Asia-Pacific region's large vegetarian population, are key markets contributing to the positive outlook for electric vegetable choppers. The growing trend of vegan and vegetarian offerings in restaurants further fuels the demand for these appliances.

The market for electric vegetable choppers is characterized by fragmentation, with numerous players entering to capture market share. This competition is expected to drive down prices and enhance adoption rates across various segments. The increase in online sales, particularly during the pandemic, has also bolstered demand, as consumers invested in home cooking appliances. Companies like BLACK & DECKER and Crompton are innovating and expanding their product lines, indicating a dynamic market landscape. As household consumption expenditure rises in countries like China and the United States, opportunities for penetration into the residential segment are expanding, promising continued growth for electric vegetable chopper manufacturers.

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Electric Vegetable Chopper Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in Restaurants and Food Chains globally

      2. 1.2.2 Rise in the share of people opting for vegan and vegetarian foods

    3. 1.3 Market Restraints

      1. 1.3.1 Rise in price of electric appliances globally

      2. 1.3.2 Rising inflation decreasing the purchasing power

    4. 1.4 Market Opportunities

      1. 1.4.1 Increasing players resulting in a decline in electric vegetable chopper price

      2. 1.4.2 Rising expenditure on small household appliances Post-COVID-19

    5. 1.5 Value Chain/Supply Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights into Key Trends and Recent Developments in the Market

    8. 1.8 Insights into Technological Innovations in the Market

    9. 1.9 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Capacity

      1. 2.1.1 200 ml

      2. 2.1.2 300 ml - 500 ml

      3. 2.1.3 Above 500 ml

    2. 2.2 By Blade

      1. 2.2.1 Three

      2. 2.2.2 Four

      3. 2.2.3 Other Blades

    3. 2.3 By Distribution Channel

      1. 2.3.1 Supermarket/Hypermarket

      2. 2.3.2 Multi Branded Stores

      3. 2.3.3 Online

      4. 2.3.4 Direct Sales

      5. 2.3.5 Other Distribution Channels

    4. 2.4 By Region

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle-East and Africa

Electric Vegetable Chopper Market Size FAQs

The Electric Vegetable Chopper Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Crompton, Microless, Geepas, Black & Decker and Skyline Home Appliance are the major companies operating in the Electric Vegetable Chopper Market.

Electric Vegetable Chopper Market Report Snapshots

Electric Vegetable Chopper Market Size & Share Analysis - Growth Trends & Forecast (2024-2029)