The report forecasts the global commercial beverage blender market to grow at a CAGR of 8.29% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global commercial beverage blender market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of new units of commercial beverage blenders to end-users like juice bars, pubs, and clubs, restaurants, hotels and catering companies.
The latest trend gaining momentum in the market is jar free technology. In the conventional beverage blenders, regular cleaning and rinsing leads to wastage of more water and also accounts for around 10% of beverage ingredient wastage. To overcome these challenges, manufacturers are coming up with technological innovations in commercial beverage blenders, which, in turn, leads to product automation.
According to the report, one of the major drivers for this market is strategic alliances. Increase in number of strategic alliances to improve the product reach and enhance the sales network is expected to significantly propel the market growth during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is prevailing market for used commercial beverage blenders. Most of the commercial beverage blender operators are leaning toward using high-end beverage blender models so as to offer better quality beverage with high consistency over the taste and texture of blended beverages. However, many small food service establishments are price sensitive and avoid unnecessary expenditure to maximize their overall profit margin. Thus, they prefer investing in used beverage blenders to get advanced features at economical price.
- Hamilton Beach Brands
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by container construction
Part 07: Market segmentation by capacity
Part 08: Market segmentation by end-user
Part 09: Geographical segmentation
Part 10: Key leading countries
Part 11: Market drivers
Part 12: Impact of drivers
Part 13: Market challenges
Part 14: Impact of drivers and challenges
Part 15: Market trends
Part 16: Competitor landscape
Part 17: Key vendor analysis
Part 18: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/vdss9b/global_commercial
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-commercial-beverage-blender-market-2016-2020---by-container-construction-capacity--end-user---research-and-markets-300384622.html
SOURCE Research and Markets