Global Household Slicer Market by Distribution Channel (Offline, Online), by Product (Automatic, Manual) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global household slicer market was worth USD 308.6 millions in 2019. It is projected to grow at a compound annual rate (CAGR of 5.5%) between 2020 and 2027. Market growth is expected to be driven by the growing popularity of food slicers and the rise of food blogging. Because they are faster than traditional tools like the household slicer, home-based food slicers are becoming more popular. The demand for household slicers is increasing due to the growing preference for kitchen tools that are efficient across all sectors. Specialized tools will be in high demand due to the increasing popularity of finger foods and foreign cuisines.

The growing demand for household slicers in all regions will continue to grow due to the increasing number of middle-class income and affluent customers. This has resulted in a better consumer lifestyle and increased use of these tools. The demand for household slicers will be driven by young consumers, who make up the majority of the workforce.

Consumers raced to get toilet paper, frozen food, disinfectant wipes and cleaning supplies during panic buying. They then turned their attention to appliances that help with cooking, health, or wellness over the following weeks and months. Consumers are increasingly cooking at home, with restaurants closing and food delivery deemed unsafe by the coronavirus. This trend of home-cooked food has been a success for kitchen household slicers and other kitchen utensils.

Product Insights

The largest share, 73.6%, was held by manual slicers in 2019. This segment has seen a significant increase in product availability at different prices. These products are more precise, easier to control and can slice food products like vegetables and fruits with great precision. Plain slicers are in high demand due to the growing popularity of cooking shows, especially among younger generations. Chopped, Hell's Kitchen and MasterChef are just a few of the many cooking shows that attract viewers. They also encourage them to cook on a regular basis, as well as persuade them buy good quality household slicers.

Automatic slicers will experience the fastest CAGR at 6.4% between 2020 and 2027. The growing economy and tourism industry will likely increase demand for automatic household cutters. There were 1,500 hotel construction projects underway in Europe. By 2019, there will be 270 new resorts and hotels with more than 38,000 rooms. The segment is expected to grow as the hospitality industry focuses on creating luxurious bedding sets to ensure the highest level of comfort and warmth.

Distribution Channel Insights

In 2019, 85.4% of the market was dominated by offline distribution channels. The growth of this channel is expected to be boosted by the increased prominence of retail stores channels. They allow customers to get a first-hand view of the products which allows them to inspect the quality and specifications. Segment growth will be influenced by the availability of many products from different brands, and the ability to compare prices and product attributes. These stores also offer discounts and other budget-friendly deals that drive customer footfall. Local manufacturers offering quality household slicers at lower prices is expected to draw more customers to hypermarkets and supermarkets. This distribution channel segment is expected to grow because of its strong local positioning and greater focus on customer experience and needs.

Online distribution channels are expected to experience the fastest growth with a CAGR 6.8% between 2020 and 2027. The growing popularity of online retailers is due to the increasing internet penetration of the middle-class and the rise in use of smartphones and other similar devices. With the rise of online retailers like Amazon, Alibaba and eBay, consumers are shifting to the online shopping channel. Many kitchen knife manufacturers have opted for direct-to consumer sales in response to this shift in consumer preferences from offline to online. This allows them to sell more of their products and increase their profit margins. High-quality products and strong brand relationships are expected to be strengthened through direct-to-consumer channels.

Regional Insights

North America accounted for 33.2% of the total in 2019, which was the largest. This is largely due to growing demand for sleek, stylish and comfortable slicers. Steel slicers are becoming more popular because they are lightweight and durable. This trend will drive market growth by promoting innovation and the development of new products among players.

Asia Pacific will experience the fastest growth with a 6.2% CAGR between 2020 and 2027. The most promising markets for the product are China, India and South Korea. Consumers are choosing low- and mid-priced products due to the greater penetration and accessibility of utility slicesrs in the residential sector of the region. The demand for this product is expected to rise due to the increased willingness of consumers to spend on high-quality traditional tools to experiment with new cuisines.

Market Share Insights & Key Companies

Market players are constantly under pressure, particularly from top kitchen household slicer manufacturers who have large customer bases. To stay ahead of the competition, companies have implemented various expansion strategies such as partnerships, product launches and expansions. A growing number of industry players are focusing their attention on the production of sustainable household slicesrs. The household slicer market is dominated by the following players:

• MHS Schneidetechnik

• Swedinghaus

• Magurit Gefrierschneider GmbH

• Foodmate

• Bizerba SE & Co. KG

• Hallde

• Brunner GmbH

• Bizerba SE & Co. KG

• Devile Technologies

• Wente-Thiedig GmbH

• Sirman

Up Market Research published a new report titled “Household Slicer Market research report which is segmented by Distribution Channel (Offline, Online), by Product (Automatic, Manual), By Players/Companies Wente-Thiedig GmbH, Hallde, Devile Technologies, Foodmate, Sirman, Swedinghaus, Magurit Gefrierschneider GmbH, MHS Schneidetechnik, Bizerba SE & Co KG, Bizerba SE & Co KG, Brunner GmbH”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Household Slicer Market Report Segments:

The market is segmented by Distribution Channel (Offline, Online), by Product (Automatic, Manual).

Household Slicer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Household Slicer Market

Overview of the regional outlook of the Household Slicer Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Household Slicer Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Household Slicer Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Offline

                2. Online

                1. Automatic

                2. Manual

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Household Slicer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
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• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Household Slicer Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.