Ongoing cost of living pressures are weakening household spending power, resulting in considered and cautious spending patterns. This will negatively impact sales volumes during the forecast period.
Manufacturers are expected to increasingly focus their innovation efforts on smart technology during the forecast period. This is in part because of the opportunities for growth deriving from the implementation of services and ecosystems – that is, ecosystems and partnerships that extend beyond offering one product to a net of services and products.
Notwithstanding ongoing cost of living pressures, there is a willingness amongst households to purchase premium positioned food preparation appliances if these products are seen to offer increased customisation and personalisation, as well as a premium experience. From the ability to choose unique designs, a variety of colour schemes to match with interior design preferences, and the offer of various attachments to fulfil specific needs and increased versatility, there are opportunities for manufacturers to capitalise on this consumer openness and to extend their offer in an upmarket direction going forward.
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Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in Norway with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Food Preparation Appliances industry in Norway, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Food Preparation Appliances
Food preparation appliances includes food processors, blenders, mixers, juice extractors, citrus pressers, other food preparation appliances (eg pasta makers, electric mincers, smoothie makers, grinders and electric whisks)
See all of our definitionsThis report originates from Passport, our Food Preparation Appliances research and analysis database.
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