The growth of e-commerce from 2020 to 2022, while moderating in 2023, continues to hold substantial significance within the retail landscape. Far beyond a transient trend, it signifies a profound and enduring shift in consumer behaviour.
The impending economic uncertainty anticipated in 2024, including the removal of VAT-free days integral to the category's sales planning, poses a challenge to the industry. Concurrently, subdued economic growth projections may prompt major category players to vie for market share through aggressive pricing strategies.
A paramount trend in food preparation appliances on the horizon is the burgeoning integration of artificial intelligence (AI) in their design. This not only augments appliance functionality but also elevates culinary outcomes for consumers.
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Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in Colombia 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 Colombia, 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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