Europe Food Processor Market to Grow at a CAGR of over 7% during 2017 – 2022
Increasing household disposable income, improving
standard of living, and growing need for convenient and technologically
advanced appliances to drive Europe food processor market through 2022
According
to a recently released TechSci Research report, “Europe Food Processor Market By End Use Sector, By Working
Capacity, By Power, By Country, Competition Forecast & Opportunities, 2012
– 2022”, the food processor market in Europe is
projected to grow at a CAGR of over 7% during 2017 – 2022. A large base of the
region’s population is getting busier, with lesser time to get involved in
household activities or to indulge in cooking, thus driving the market for food
processors in Europe. Moreover, increase in number of working women along with
growing awareness regarding the benefits of eating homecooked food is
positively influencing Europe food processor market.
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87 Figures spread through 130 Pages and an in-depth TOC on "Europe
Food Processor Market"
https://www.techsciresearch.com/report/europe-food-processor-market-by-end-use-sector-residential-vs-commercial-by-working-capacity-below-1-4l-1-4l-2-5l-and-more-than-2-5l-by-power-less-than-400w-400-499w-etc-by-country-competition-forecast-opportunities/1096.html
In Europe, consumers prefer choosing convenient and
multi-cooking devices with higher-quality for ease of cooking. Moreover,
growing emphasis on homecooked food, increasing awareness regarding benefits of
healthy lifestyle and expanding working population are aiding Europe food
processor market. Furthermore, expanding urban population and increasing working base are some of the other factors expected to propel
the demand for food processors in Europe over the next five years. According to the
Organisation for Economic Co-operation and Development (OECD), the European
Union’s household disposable income annual growth rate grew at 2.20% in 2015.
Improvement in household disposable income leads to shifting mindset of
consumers towards food processors, thereby aiding Europe food processors market
during forecast period.
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“Due to rise in occurrence of lifestyle
diseases such as obesity, diabetes, blood pressure, celiac disease, etc.,
coupled with growing health concerns, consumers in Europe consider opting for
home cooked food, thereby aiding the region’s food processors market. Growing
tourist footfall in the region is another major factor propelling the demand
for food processors, especially from commercial sector, which includes hotels,
restaurants, bakeries, cafes, etc.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Europe Food Processor Market By End Use Sector, By Working Capacity,
By Power, By Country, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of Europe food
processor market and provides statistics and information on market structure, size,
share and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers to take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the Europe food
processor market.
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