PROSPECTS AND OPPORTUNITIES
Gloomy outlook ahead in food preparation appliances
Food preparation appliances face a challenging period in line with the difficult economic climate in Sweden. The continuation of inflationary pressures and higher interest rates will dampen consumer sentiment.
Premiumisation trend offers scope to entice consumers
Despite the weak economic outlook and persistent cost of living pressures in Sweden, households are willing to pay a price premium for food preparation appliances that are personalised of deliver a premium experience. From the ability to choose unique design and the offer of appliances in a variety of colour schemes, to having various attachments to increase functionality and fulfil specific needs, there exists opportunities to capitalise on household openness to premiumisation.
Multifunctional appliances will be attractive to budget conscious consumers
Households are expected to curtail purchases and will be more selective about the type of food preparation appliances they purchase over the forecast period. Households will tend to favour appliances offering multi-functionality as they present better value for money.
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Overview:
Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in Sweden 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 Sweden, 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 Sweden 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 Sweden?
- Which are the leading brands in Sweden?
- How are products distributed in Sweden?
- 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 Sweden - Category analysis
KEY DATA FINDINGS
Food preparation appliances report volume declines
Hobby cooks spark interest in food preparation appliances
Manufacturers develop functionality to boost convenience appeal
Gloomy outlook ahead in food preparation appliances
Premiumisation trend offers scope to entice consumers
Multifunctional appliances will be attractive to budget conscious consumers
Consumer Appliances in Sweden - 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?
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- 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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