According to the latest market research study released by Technavio, the global commercial beverage blender market is expected to grow at a CAGR of close to 8% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global commercial beverage blender market based on end-user:
Global commercial beverage blender market shares by end-user 2015
|
Juice bars, pubs, and clubs |
46.26% |
|
Restaurants |
35.34% |
|
Hotels |
11.16% |
|
Catering companies |
7.24% |
Source: Technavio
The top three revenue contributing end-user segments are discussed below:
Juice bars, pubs, and clubs
In 2015, juice bar, pubs, and clubs accounted for the largest share of around 46% in the global commercial beverage blender market. The growth in this segment is attributed to the increasing number of outlets and their beverage menu offerings. In the US, there are close to 70,000 locations and most of the bars and pubs offers frozen beverages like margaritas and other cocktails. In the UK, many new bars and pubs are expected to open during the forecast period.
“In most of the pubs and clubs, frozen beverages like mocktails are also becoming popular as people are shifting toward non-alcoholic beverages. The increase in demand has led to many expansions of clubs, pubs, and juice bars. All these expansions fuel the beverage blender market growth as these places offer alcoholic, non-alcoholic blended beverages and healthy frozen beverages and smoothies,” says Abhay Sinha, a senior analyst at Technavio.
Restaurants
The upsurge in the number of restaurants that offer blended beverages during the forecast period is one of the driving forces for the commercial beverage blender market. Few major brands of the market such as Dunkin’ Donuts, Starbucks, and McCafé are expanding and opening outlets in Europe, China and other parts of the world. The expansion of FSRs is also positively influencing the commercial beverage blender market as most of them offer blended beverages. Many FSRs invest in multiple units of commercial beverage blenders of different capacities and use them for multiple purposes. For instance, apart from preparing blended beverages, many FSRs also using the equipment for preparing sauces and purees of a smooth texture.
Catering companies
Catering market is mostly driven by the expansion of product offerings and the inclusion of blended beverages in the menus of many catering companies. Many catering companies, mainly in developed countries like the UK, the US, and Australia, actively provide smoothies and other frozen beverages at large social gathering events such as marriages. For instance, Kubarz brand from Australia, which provides catering services for events, social gatherings, and celebration parties, is expanding its menu offerings by providing fresh juices, smoothies, and non-alcoholic mocktails. These steps from catering companies offer immense opportunity for the manufacturers of the commercial beverage blender.
The top leading vendors operating in the global commercial beverage blender market is:
- Vitamix
- Blendtec
- Hamilton Beach Brands
- Waring
Other prominent vendors in the market include Ceado, Univex, JTC Electronics, Keepsun Electrical, Optimum, Rotor Lips, Sammic, SANTOS, Semak, and Sirman.
A more detailed analysis is available in the Technavio report titled, ‘Global Commercial Beverage Blender Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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