The hikes in food and living costs at the end of the review period resulted in a strong decline in disposable incomes. This is set to be a key factor for a decline in sales that is anticipated for the forecast period.
Apart from the direct decline in demand, reduced disposable incomes may force some consumers to rent smaller properties, while others will postpone moving to larger houses, reducing space for food preparation appliances. The recovery of Airbnb is also resulting in a shift from long-term to short-term rentals, and the limited availability of properties for long-term rental is also affecting rent prices.
Products such as juice extractors, especially slow juicers, smoothie makers and blenders, are set to benefit from the rising interest in healthy living across the forecast period. Many consumers are increasingly more conscious about their nutrition and are keen to incorporate fruits and vegetables into their daily lives.
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Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in Greece with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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