The weak economic outlook and rising cost of living will continue to impact consumers in 2024, with interest rate hikes leading consumers to spend more on rent and mortgages, reducing their disposable incomes. However, the landscape is set to recover over the longer term, rebounding from the lows experienced in 2022 and 2023.
Households are set to be more selective in the amount and type of food preparation appliances they purchase over the forecast period, with many looking to prioritise and favour appliances offering multifunctionality. This preference for multifunctionality is also driven by rising numbers of single and two-person households, with a growing number of households residing in confined living spaces.
Multifunctional products are set to continue to cannibalise sales within food preparation appliances. This trend is likely to remain most visible in juice extractors, with blenders, mixers and food processors offering the same functionality.
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Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in Norway 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 Norway, 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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