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The bread maker market size is valued to increase by USD 309 million, at a CAGR of 10.08% from 2023 to 2028. Product innovations and advances leading to portfolio extension and product premiumization will drive the bread maker market.
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The market encompasses innovative appliances designed for producing high-quality loaves with optimal texture and consistent crumb structure. Compared to traditional baking methods, these devices reduce rising time by up to 50%, enabling businesses to streamline production and improve ROI. Yeast activation is optimized through precise temperature control, ensuring consistent fermentation processes and ingredient proportions. Power consumption is minimized due to efficient motor performance and non-stick coating, leading to cost reduction. Recipe memory and customization allow businesses to cater to diverse consumer preferences, enhancing compliance with evolving market demands. Advanced features, such as timer settings, pre-programmed recipes, and ingredient sensors, facilitate streamlined operations and ensure consistent product quality. Bread makers feature advanced kneading mechanisms and baking cycles, optimizing dough mixing, dough consistency, and crust formation. Oven heating elements and temperature control systems ensure even baking and crust color development. Maintenance schedules and automatic shut-off features contribute to extended heating element lifespan and overall appliance longevity.
Product innovations and advances are the primary catalysts for portfolio expansion and product premiumization in the market.
The increasing adoption of multi-functional and advanced products is becoming a prominent trend in the market. This shift towards more sophisticated offerings is a notable development in various industries.
The proliferation of counterfeit products poses a significant threat to industry growth, necessitating vigilance and robust measures to safeguard brand reputation and consumer trust.
The bread maker industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period.
The market is characterized by continuous evolution, with advancements in technology enhancing the functionality and convenience of these appliances. Modern bread makers offer features such as precise yeast activation, customizable recipe memory, and timer settings, enabling users to create artisanal loaves with optimal texture and crust color. These machines employ efficient kneading mechanisms and baking cycles, ensuring optimal fermentation process and ingredient proportions. Power consumption and motor performance are also key considerations, with non-stick coatings and cleaning cycles ensuring easy maintenance.
The Offline segment was valued at USD 338.40 million in 2018 and showed a gradual increase during the forecast period.
A single data point illustrates the market's growth: sales through specialty stores, a significant offline distribution channel, account for over 50% of the market revenue. Companies are maintaining strategic alliances with retailers and managing local sales to counteract the decline in offline sales due to online shopping trends.
Europe is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European region dominates the market, accounting for a significant market share and expected to continue its leadership position throughout the forecast period. The increasing consumption of bread in European countries, particularly in Germany, the UK, France, Italy, Spain, and the Netherlands, fuels the growth of the market in Europe. The introduction of multi-functional bread makers in the household appliance sector is a key trend driving market expansion. These advanced appliances offer features beyond basic bread making, such as dough kneading, baking functions for cakes and pastries, and time-saving programmes.
The growing demand for innovative and advanced household appliances, driven by the need for operational efficiency and cost savings, is further boosting the popularity of multi-functional bread makers in Europe. According to market insights, the European market is projected to grow at a steady pace, with sales reaching over 2 million units by 2025.
Customer Landscape of Bread Maker Industry
Companies are implementing various strategies, such as strategic alliances, bread maker market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AGARO - This company specializes in the development and distribution of innovative sports products, catering to various athletic needs and markets.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Bread Maker Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.08% |
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Market growth 2024-2028 |
USD 309 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.4 |
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Key countries |
US, Germany, UK, China, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
The market caters to consumers seeking convenient and consistent homemade bread options. Understanding the intricacies of bread making processes is crucial for optimal results. One significant factor is maintaining the right optimal dough hydration for bread, ensuring even distribution of water in the dough. Another essential aspect is the effects of kneading on gluten, which develops the elasticity necessary for bread's structure. Fermentation plays a pivotal role in bread volume, with proper impact of fermentation on bread volume ensuring a well-risen loaf. The relationship between baking temperature and crust is essential, as higher temperatures yield a crispier crust, while lower temperatures result in a softer one. Proofing time for bread texture is vital, allowing the dough to rise and develop its texture. Impact of yeast type on bread flavor is a critical consideration, with different strains imparting distinct tastes and aromas. Accurate measuring flour for bread making is essential, as slight variations can significantly impact the final product. Controlling baking time for desired crust color and understanding bread dough consistency are key to achieving consistent results. Bread makers offer various features, such as programmable settings, multiple baking functions, and different types of bread making paddles. Choosing the right baking pan for optimal results is essential to ensure even baking and prevent sticking. Selecting high-quality yeast is crucial for consistent flavor and texture. Common issues in bread making, such as dough not rising or uneven baking, can be addressed through proper technique, ingredient selection, and machine maintenance. [Cleaning and maintaining bread maker components essential for prolonging the machine's life and ensuring consistent performance. Troubleshooting bread maker errors requires a thorough understanding of the machine's functions and potential causes. Comparing various bread maker models can be based on factors such as capacity, features, and price. For instance, a mid-range model may offer more advanced functions than an entry-level one, making it a more suitable choice for a bakery supply chain seeking consistent and high-quality results.
What is the expected growth of the Bread Maker Market between 2024 and 2028?
USD 309 million, at a CAGR of 10.08%
What segmentation does the market report cover?
The report is segmented by Distribution Channel (Offline and Online), Product (Automatic bread maker and Regular bread maker), and Geography (Europe, North America, APAC, South America, and Middle East and Africa)
Which regions are analyzed in the report?
Europe, North America, APAC, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Product innovations and advances leading to portfolio extension and product premiumization, Threat from counterfeit product
Who are the major players in the Bread Maker Market?
AGARO, Bajaj Electricals Ltd., Breville Group Ltd., Cuisinart, DeLonghi Group, Glen Dimplex Europe Holdings Ltd., Hamilton Beach Brands Holding Co., JVCKENWOOD Corp., KENT RO Systems Ltd., Koninklijke Philips N.V., Lifelong Online Retail Pvt. Ltd., NESCO, Newell Brands Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., SANA PRODUCTS LTD., SEB Developpement SA, Sharp Corp., Siroca Inc., Stanley Black and Decker Inc., and Zojirushi Corp.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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