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Food Processor & Blender Manufacturing in the US - Market Research Report (2014-2029)

Eddie Gonzales Eddie Gonzales New York, United States Last Updated: December 2024 NAICS OD4262

Revenue

$1.9bn

2024

$1.9bn

Past 5-Year Growth

Profit

$XXX.Xm

Employees

2,886

Businesses

70

Wages

$XXX.Xm

Food Processor & Blender Manufacturing in the US industry analysis

The food processors and blenders industry has experienced moderate volatility in recent years, primarily impacted by fluctuating input costs and the aftereffects of the pandemic. Plastic, as a significant input material, has dramatically influenced revenue, with high plastic prices enabling manufacturers to pass these costs onto consumers, resulting in revenue growth. Consequently, industry profit margins have expanded, although purchase costs still take up the largest portion of revenue for operators. Overall, revenue is estimated to rise at a CAGR of 1.7% over the five years to 2024, reaching $1.6 billion, with a 2.3% growth in 2024 alone.

Trends and Insights

  • Revenue for manufacturers of food processors and blenders has been increasing significantly recently. The industry has profited from a rise in per capita disposable income and escalating plastic prices.
  • The industry offers a range of products, including blenders, slicers, choppers, grinders, cutters, dicers, and other machinery. However, as individuals are consuming fewer fruits and vegetables on average, the demand for these machines has decreased.
  • The Great Lakes are home to most of the country’s most prominent manufacturers. Since these companies are the industry’s largest suppliers, many food processor and blender makers set up shop in the Great Lakes states.
  • Internal competition is limited because manufacturers only compete within product segments. These manufacturers still compete on price, product design, quality, reliability and customer support.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 4.1 % over the past five years, to reach an estimated $1.9bn in 2024.

Trends and Insights

Strong pre-pandemic economy boosted food processor and blender manufacturing

  • In the years leading up to the pandemic, the economy was in a robust expansion phase following the recovery from the 2008 financial crisis. This strong economic environment contributed significantly to the growth of the food processor and blender manufacturing industry.
  • Additional trends and insights available with purchase
Food Processor & Blender Manufacturing in the US
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Economic growth stimulates industry products

  • Economic recovery is expected to drive revenue growth in the food processor and blender manufacturing industry. Despite challenges posed by high inflation, rising interest rates, and recessionary concerns, steady GDP growth is projected over the outlook period.

Biggest companies in the Food Processor & Blender Manufacturing in the US

Company
Market Share (%)
2024
Revenue ($m)
2024
Profit ($m)
2024
Profit Margin (%)
2024
Vita-Mix Corporation
337.2
43.3
12.8
K-Tec Inc.
85.6
9.5
11.1

To view the market share and analysis for all 2 top companies in this industry, view purchase options.

Products & Services Segmentation

Food Processor & Blender Manufacturing in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Blenders and slicers, Food processors including mixers and parts and attachments and Other products including tenderizers. Blenders and slicers is the largest segment of the Food Processor & Blender Manufacturing in the US.

Trends and Insights

Smart kitchen gadgets drive blender and slicer sales

  • Blenders, slicers, choppers, and grinders constitute nearly half of industry revenue. They are essential kitchen tools commonly found in households and used for blending and mixing fruits and vegetables.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This industry manufactures electric- and motor-driven appliances used in food preparation. More specifically, companies manufacture blenders, food processors, stand mixers, slicers, whippers, tenderizers, molders and several other appliances (e.g., ice crushers) used in slicing, chopping, grinding, shredding, pureeing, crushing and mixing food items.

What's included in this industry?

Manufacturing blendersManufacturing food processorsManufacturing mixers (handheld and stand)Manufacturing slicersManufacturing grindersManufacturing tenderizersManufacturing cuttersManufacturing parts and attachments for commercial food preparation machines

Companies

Vita-Mix CorporationK-Tec Inc.

Purchase this report to view all 2 major companies in this industry.

Related Terms

CROSS-SELLFOOD PROCESSORMIXERIMMERSION BLENDER

Industry Code

NAICS 2017

NAICS 33522 - Food Processor & Blender Manufacturing in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Revenue for manufacturers of food processors and blenders has been increasing significantly recently. The industry has profited from a rise in per capita disposable income an...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The industry offers a range of products, including blenders, slicers, choppers, grinders, cutters, dicers, and other machinery. However, as individuals are consuming fewer fr...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The Great Lakes are home to most of the country’s most prominent manufacturers. Since these companies are the industry’s largest suppliers, many food processor and blender ma...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Internal competition is limited because manufacturers only compete within product segments. These manufacturers still compete on price, product design, quality, reliability a...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

The industry's major players comprise a small portion of revenue because of import penetration. Since it's less expensive to produce food processors and blenders abroad, few ...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Vita-Mix Corporation's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of K-Tec Inc.'s performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for Vita-Mix Corporation, and factors influencing its performance in the industry
  • Description and key data for K-Tec Inc., and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Food processor and blender manufacturers are subject to a slew of different regulations. These relate to environmental protection, occupational health and safety and product ...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Labor costs make up a major revenue portion. Workers are essential in the production, assembly, packaging, and distribution of food processors and blenders. Due to import com...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2017-2022)
  • Industry Tax Structure (2017-2022)
  • Income Statement (2017-2022)
  • Balance Sheet (2017-2022)
  • Liquidity Ratios (2017-2022)
  • Coverage Ratios (2017-2022)
  • Leverage Ratios  (2017-2022)
  • Operating Ratios (2017-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Food Processor & Blender Manufacturing in the US industry in United States in 2024?

The market size of the Food Processor & Blender Manufacturing in the US industry in United States is $1.9bn in 2024.

How many businesses are there in the Food Processor & Blender Manufacturing in the US industry in 2024?

There are 70 businesses in the Food Processor & Blender Manufacturing in the US industry in United States, which has declined at a CAGR of 0.3 % between 2019 and 2024.

Has the Food Processor & Blender Manufacturing in the US industry in United States grown or declined over the past 5 years?

The market size of the Food Processor & Blender Manufacturing in the US industry in United States has been growing at a CAGR of 4.1 % between 2019 and 2024.

What is the forecast growth of the Food Processor & Blender Manufacturing in the US industry in United States over the next 5 years?

Over the next five years, the Food Processor & Blender Manufacturing in the US industry in United States is expected to grow.

What are the biggest companies in the Food Processor & Blender Manufacturing in the US market in United States?

The biggest companies operating in the Food Processor & Blender Manufacturing market in United States are Vita-Mix Corporation and K-Tec Inc.

What does the Food Processor & Blender Manufacturing in the US in United States include?

Manufacturing blenders and Manufacturing food processors are part of the Food Processor & Blender Manufacturing in the US industry.

Which companies have the highest market share in the Food Processor & Blender Manufacturing in the US in United States?

The company holding the most market share in United States is Vita-Mix Corporation.

How competitive is the Food Processor & Blender Manufacturing in the US industry in United States?

The level of competition is moderate and steady in the Food Processor & Blender Manufacturing in the US industry in United States.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • Consumer Electronics & Appliances Rental in the US

Complementors

  • Vitamin & Supplement Manufacturing in the US
  • Vacuum, Fan & Small Household Appliance Manufacturing in the US
  • Major Household Appliance Manufacturing in the US

International industries

  • Global Household Cooking & Appliance Manufacturing
  • Household Appliance Manufacturing in Australia
  • Electrical Appliance Manufacturing in the UK
  • Household Electrical Appliance Manufacturing in China

View all industries in United States

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

  • US Census Bureau
  • US Bureau of Labor Statistics
  • US International Trade Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

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