PROSPECTS AND OPPORTUNITIES
Challenging times ahead
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.
Services and ecosystems
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.
Opportunities for premiumisation
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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Overview:
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.
The Food Preparation Appliances in Norway report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Food Preparation Appliances in Norway?
- Which are the leading brands in Norway?
- How are products distributed in Norway?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Food Preparation Appliances in Norway - Category analysis
KEY DATA FINDINGS
Volume decline
Compact and multi-functional
Increasing emphasis on convenience
Challenging times ahead
Services and ecosystems
Opportunities for premiumisation
Consumer Appliances in Norway - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Food Preparation Appliances
- Blenders
- Food Processors
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- Centrifugal Juicers
- Slow Juicers
- Mixers
- Other Food Preparation Appliances
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Food Preparation Appliances research and analysis database.
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