The global Household Slicer Products market was valued at USD 8.6 billion in 2022 and is projected to expand at a CAGR of 7.0% from 2023 to 2030. The growing demand for convenience and safety in food preparation is driving the market growth. Furthermore, the demand for food processors and choppers has been increasing rapidly due to the rising need for processed food and convenience in food preparation. Rising disposable incomes, along with changes in lifestyles, have enabled consumers to purchase sophisticated products. Also, the increasing number of nuclear families with working professionals is driving the market as they are increasingly opting for household slicer products.

The rising trend of health consciousness among consumers is also driving the market growth. The need for healthy diets and nutritional meals is becoming more prominent among consumers. In line with this trend, manufacturers are introducing products with advanced features and new designs to cater to the demand of the health-conscious population. For instance, in April 2021, Braun introduced Multiquick 7, a new kitchen appliance that can be used for a variety of tasks, including slicing, chopping, dicing, and pureeing food.

The increasing trend of online shopping is expected to drive the demand for household slicer products in the coming years. Online shopping offers a wide variety of products with competitive prices and a hassle-free experience. Furthermore, the presence of marketplaces such as Amazon and Flipkart has enabled manufacturers to reach a larger audience, thereby boosting their sales. Additionally, the increasing number of promotional activities, such as discounts and offers, is expected to drive the market in the coming years.

Furthermore, the trend of miniaturization and the rise of multi-purpose products are expected to drive the market in the forthcoming years. For instance, in August 2021, Cuisinart introduced its smallest food processor, the Mini-Prep Plus. The appliance is designed to chop, mince, puree, and grind small amounts of food and is ideal for small households or individuals. Additionally, the growing popularity of food preparation gadgets, such as spiralizers and mandolines, is expected to boost the demand for household slicer products.

The food slicer segment held the largest market share of around 44.5% in 2020. Growing demand for food slicers in households, restaurants, and commercial kitchens is a major factor driving the demand for household slicer products. According to an article published by Investopedia, in March 2020, food slicers are the most popular kitchen appliance for home use. This is because they are available in electric and manual variants and are used for cutting a wide range of food items such as vegetables, fruits, and meat. Furthermore, the increasing demand for deli-style food items is also boosting the market growth.

The electric slicers segment is expected to expand at the fastest CAGR of 7.6% during the forecast period. Electric slicers are gaining popularity due to their convenience and easy operation. They are equipped with advanced features such as adjustable slicing thickness, safety guards, and adjustable blade angles. Additionally, electric slicers are often used for slicing bread and other frozen items, which is further contributing to their increasing demand.

The supermarkets and hypermarkets segment accounted for the largest market share of over 43.9% in 2022. Growing consumer inclination towards supermarkets & hypermarkets as the major source to purchase household slicer products, the segment is expected to continue its dominance during the forecast period. Supermarkets & hypermarkets provide a wide range of products and assist customers in making quick purchasing decisions for the required product.

The online segment is anticipated to witness the highest CAGR of 13.4% during the forecast period. The growing trend of online shopping has created potential opportunities for manufacturers to reach a larger consumer base. In addition, online stores offer a wide range of products and provide discounts. This has led to a surge in the demand for household slicer products from online retail stores. For instance, in April 2021, Amazon India launched its online store for household slicer products. The online store offers a wide range of products from renowned brands at attractive prices.

The stand-alone segment accounted for the largest market share of 67.2% in 2020. The large share is attributed to the increasing demand for convenience in food preparation and the rising number of nuclear families. Stand-alone slicers offer convenience in terms of easy portability, installation, and operation. Also, the availability of stand-alone slicers in a wide range of shapes and colors, along with the presence of a variety of features, such as adjustable slicing thickness, makes them a preferred option for household usage.

The built-in segment is expected to expand at the highest CAGR of 6.7% through 2027. The increasing demand for built-in slicers or “integrated” slicers is the primary factor driving the growth of the segment. Built-in slicers are integrated into the kitchen countertop and offer more advanced features than standalone slicers. Furthermore, the increasing trend of modular kitchen designs, especially in developed countries, is also expected to boost the demand for built-in slicers over the forecast period.

Europe held the largest market share of over 47.4% in 2022. This can be attributed to the presence of prominent players such as Philips and Braun, and the presence of a wide range of products in the region. Moreover, the rising demand for convenience and time-saving products from the working population is expected to drive the growth of the market in this region. For instance, in May 2021, Philips launched a compact household slicer product in the European market.

Asia Pacific is projected to witness the highest CAGR over the forecast period. The increasing demand for convenience products, along with the growing population and rapidly changing lifestyles are the major factors behind this growth in the region. Additionally, the presence of prominent players such as Panasonic and Siemens is expected to propel the growth of the market in this region. For instance, in April 2021, Panasonic launched a range of household slicer products in the Asia Pacific.

In this part of the household slicer products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your household slicer products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main sources of revenues for a household slicer products business come from the sale of products, wholesale distribution, and retail sales. Here you will find a list with a description of each of them and other possible sources of profit such as advertising, partnerships, and marketing.

Projecting Expenses
In this section, all the regular expenses related to keeping the household slicer products business running will be described. The list of operating expenses includes the costs of materials, labor, rent, utilities, insurance policies, advertising, taxes, and other overhead expenses.

Some of the key companies operating in the household slicer market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Hamilton Beach Brands Inc. launched a new line of household slicers, the Easy Slice.

– In August 2022, Cuisinart launched the SmartSlice household slicer, which comes with an automatic safety shut-off and stainless steel blades.

– In October 2022, Oster released the Pro-Plus household slicer, which features a powerful motor and adjustable slicing thickness.

Some of the prominent players in the household slicer market include:

– Hamilton Beach Brands Inc.
– Cuisinart
– Oster
– Presto
– Black+Decker
– KitchenAid
– DeLonghi
– Hamilton Beach
– Bosch
– Gourmia

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global household slicer products market based on product, distribution channel, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Manual Slicers
– Electric Slicers

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What Factors Are Driving The Household Slicer Products Market?
[A]: The increasing demand for convenient and time-saving products, rising disposable income, and changing lifestyles are the primary factors driving the growth of the global household slicer products market. Consumers are increasingly shifting towards convenience products, as they offer efficient slicing of food items with minimal effort. Additionally, the growing trend of health consciousness and the need for food safety are some of the other factors driving the market.

[Q]: Who are the Key Players in the Household Slicer Products Market?
[A]: Major players in the market include Waring Commercial, Hamilton Beach Brands, Inc., Philips, Cuisinart, KitchenAid, Russell Hobbs, and Oster.

[Q]: What Regions Offer the Largest Opportunity for Sales of Household Slicer Products?
[A]: North America is expected to be the largest market for household slicer products due to the presence of a large number of manufacturers and the presence of a large number of health-conscious consumers.

[Q]: What are the Major Trends in the Household Slicer Products Market?
[A]: The major trends in the household slicer products market include the introduction of new product designs and the growth of the health-conscious population. Additionally, the manufacturers are focusing on product innovation and design to cater to the changing needs of the consumers.