Paragraph: The shavers market comprises equipment used for processing potatoes into French fries, chips, and other potato products. Some key equipment in this market includes peelers, cutters, washers, dryers, blanchers, cookers, coolers, freezers, and packaging lines. Shavers are crucial in the production process as they peel and slice potatoes into French fries with precise shapes and sizes as per customers' preference. This helps improve the texture and taste of final potato products. The increasing demand for packaged and processed food items is fueling the need for advanced shaving equipment amongst food processors and restaurants.
The Global Shavers Market is estimated to be valued at US$ 3.50 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 To 2031 Key Takeaways Key players operating in the Shavers Market are Ellirt B.V, Kirembko B.V., Heat and Control, Inc., Vanmark Equipment LLC, TOMRA, Guangzhou Electric Equipment Group Co., Ltd., and Frenchfriesmachine. The major players are focusing on launching innovative shaving solutions to cater to the rising demand for customized fries from quick service restaurants and retail segments. The growing consumption of frozen potato products across households and foodservice sectors is positively impacting the shavers market. Changing consumer preferences towards convenient snack options are further augmenting the sales of French fries and other potato foods, which is anticipated to drive the need for high-capacity shaving machinery. The Shavers Market Growth is anticipated to witness significant gains with more food processors establishing manufacturing plants in emerging nations. Leading companies are expanding their presence in Asia Pacific and Latin American countries to leverage the rising opportunities from evolving food habits. Collaboration with local players is also helping major brands to strengthen their foothold in developing markets. Market key trends Customization is emerging as a key trend in the shavers market. Players are focusing on developing modular, variable-section shaving systems that allow processors to adjust the blade spacing and cuts per inch as per the specific recipe. This enables the production of fries with different widths, diameters, lengths, and shapes. The ability to customize fries is helping quick service chains and retailers to differentiate their menu offerings and experiment with innovative potato cuts. The trend towards versatile, programmable shavers is expected to continue in the coming years.
Porter's Analysis Threat of new entrants: Low fixed and operational costs and relatively low brand identification by consumers allow new companies to enter the market and gain Shavers Market Challenges And Opportunities share with competitive pricing. Bargaining power of buyers: Large buyers such as supermarkets and hypermarkets have substantial bargaining power against manufactures due to consolidation of retail sector. Bargaining power of suppliers: The shavers market has multiple component suppliers that can easily switch based on demand and pricing creating low bargaining power of suppliers. Threat of new substitutes: Rising health consciousness among consumers has increased threat from low-calorie substitutes and snacks reducing demand for fried snacks. Competitive rivalry: Players compete on technology, product features, quality, taste, branding and heavy promotional activities keeping rivalry high in the market. Geographical Regions North America accounts for the largest share of the global shavers market in terms value. Technological advancements, product innovation, and busy lifestyles driving the demand for shavers in the region. The Asia Pacific region is expected to grow at highest CAGR during the forecast period. Rising working population and increasing disposable incomes driving the adoption of advanced shavers for personal grooming in developing countries of China and India.
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Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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