The Bread Maker Market is expected to reach USD 817.4 million by 2026 from USD 426.1 million in 2021, registering a CAGR of 7.4% during the forecast period 2021-2026.
Bread makers are used to making a variety of bread. It is a small piece of electrical equipment that uses raw materials to make bread. This equipment is highly used by families to make bread on their own whereas some small-scale bakery industries use these bread makers to prepare a variety of bread. Family users find this equipment very useful as it makes different types of bread simply at home. The family using bread makers avoid going out to buy bakery items. Also, food processing industries have various applications and supply fresh bread to their customers. The bread maker is usually built with a bread pan along with the paddles below it mounted in the center of the small oven. These machines can make different pieces of bread with respect to the kind of dough. The machine does not necessarily need a user to operate as it has timers. A user can custom the program available in the machine that prepares the bread accordingly.
Rapid urbanization and growing digitalization are propelling the demand of the bread maker market.
Bread Maker Market Drivers:
Increasing disposable income in developed and developing countries and growing awareness over the use of simple electronic devices at home are majorly driving the demand of the bread maker market. A growing number of working women across the globe and prior to preparing easy food items at home are propelling the growth rate of the market to the extent. In developed and developing countries, there is a rise in the number of dual working families that is escalating the demand of the market. Growing prevalence for the fully automatic devices by consumers in making fresh bread is anticipated to fuel the bread maker market. Also, the adoption of the latest technologies and the launch of various functions in the bread-making machine that is user-friendly are some of the factors leveling up the growth rate of the market. There is a growing demand for home-baked products that is enhancing the demand of the bread maker market.
Bread Maker Market Restraints:
However, the availability of different machines at a lower cost is slightly hindering the demand of the bread maker market. Lack of complete knowledge over the raw materials used in making bread among people is hampering the growth rate of the market. The rise in the cost of the equipment is also a factor restraining the demand of the bread maker market.
The sudden outburst of the pandemic COVID 19 has affected every sector. The bread maker market had faced difficulties in early 2020 as there were complete restrictions on the movement. Lockdown and ban on flights disrupted the supply chain and production unit. Amid COVID 19 crisis, the demand for the bread maker market is surging as consumers are preferring to stay indoors. There is an increased demand for home appliances due to pandemics that enhancing the demand of the bread maker market. It is expected that the market shares to have a significant growth rate during the forecast period 2021-2026.
Market Size Available
2021 – 2026
2021 - 2026
By Product Type, By Application, By Distribution Channel
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Newell Brands Inc., Panasonic Corp, Breville Group Ltd, Koninklijke Philips N.V, Siroca Inc, Cuisinart, Stanley Black & Decker Inc, Zojirushi Corp, Sana Products s.r.l, Spectrum Brands Holdings Inc,
Bread Maker Market Segmentation:
By Product Type:
The horizontal Loaf segment is leading with the dominant shares of the market owing to rising expenditure on the food industry. Growing support from government organizations is also leveling up the growth of this segment. The vertical loaf segment is expected to grow at a higher rate in the coming years.
Foodservice application segment is holding the dominant shares of the market with the increasing scale of the food services centers across the world. A household segment is next in leading the prominent shares as there is a growing prevalence to make a variety of bread using the machine at home.
By Distribution Channel:
The specialty stores segment is gaining traction over the shares of the bread maker market. The E-commerce segment is expected to grow enormously during 2021-2026.
North America is holding the dominant shares of the market owing to the rising economy. The increasing urban population and rising prevalence of automatic home appliances are fueling the demand of the market. Growing investments in the bakery industries especially during the pandemic period is elevating the demand of the market. Europe is next in leading the dominant shares of the bread maker market. Growing prominence to make varieties of bread at home is likely to propel the demand of the market. The emergence of e-commerce is also boosting up the growth rate of the market. Also, the introduction of various features that are user-friendly is enhancing the demand of the bread maker market.
Asia Pacific is expected to hit the highest CAGR in the coming years. Rising investments from government organizations are likely to create growth opportunities for the bread maker market in this region.
Latin America and Middle East & Africa are anticipated to have a substantial growth rate in the upcoming years.
Some of the key players included in the bread maker market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Bread Maker Market, By Product Type
6.1.1 Horizontal Loaf
6.1.2 Vertical Loaf
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Bread Maker Market, By Application
6.2.1 Food Service
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Bread Maker Market, By Distribution Channel
6.3.1 Specialty Stores
6.3.5 Market Size Estimations & Forecasts (2021-2026)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Product Type
7.2.3 By Application
7.2.4 By Distribution Channel
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Product Type
7.3.3 By Application
7.3.4 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By Application
7.4.4 By Distribution Channel
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Product Type
7.5.3 By Application
7.5.4 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Product Type
7.6.3 By Application
7.6.4 By Distribution Channel
8. Key Player Analysis
8.1 Newell Brands Inc.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Panasonic Corp.
8.3 Breville Group Ltd.
8.4 Koninklijke Philips N.V.
8.5 Siroca Inc.
8.7 Stanley Black & Decker Inc.
8.8 Zojirushi Corp
8.9 Sana Products s.r.l.
8.10 Spectrum Brands Holdings Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures