Bread Machine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-203

Rising consumer spending on dining out and rapid expansion of the bakery industry propel the demand of Bread Machine Market January 31, 2022

Bread machines are small electrical equipment used to make a variety of breads using raw materials. They are commonly utilized in households and by some small food service joints to bake their own loaves. People bake their own bread with such bread machines in order to avoid buying bakery items.

Key Drivers of the Global Bread Machine Market

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Technologically advanced features of a bread machine such as gluten-free settings, paid bake mode, LCD display, automatic shut-off, adjustable loaf size, etc., are propelling the demand for bread machine globally. Hence, expansion of the food & beverage industry and technological advancements in digital technology are major factors boosting the bread machine market around the world.

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Expansion of the food & beverage industry is fueling the adoption of bread machines around the world. Rising consumer spending on dining out and rapid expansion of the bakery industry are also key factors that propel the demand for bread machine and subsequently boost the global bread machine market.

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Consumer spending on fully automatic bread makers, owing to ease of connection and simple design, is high has compared to conventional semi-automatic bread makers. Furthermore, surge in disposable income and improving living standards further drive the bread machine market.

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Factor Restraining Global Bread Machine Market

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Availability of alternative products to the bread machine such as oven, as oven baked loaf rises higher and lighter, is a major factor that can hamper the bread machine market

Market in Asia Pacific to Expand Rapidly

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In terms of geography, the global bread machine market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)

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North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the bread machine market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the bread machine market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America bread machine market can be segmented into Brazil, and Rest of South America.

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North America accounted for a share of the global bread machine market due to large consumption of bread in the region which fuels the demand for bread machine from residential and commercial end-users. The region has been witnessing a large demand for bread makers which in turn increases the adoption of such smart machines. This is expected to propel the bread machine market in the region.

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The bread machine market in Asia Pacific is projected to expand rapidly during the forecast period due to expansion of the commercial user segment such as resorts, hotels, and the food & beverage industry. Rising disposable income in developing countries leads to the increased spending of consumers, which in turn drives the bread machine market in the region.

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Key Players Operating in the Global Market

Companies in the bread machine market are focused on the development of innovative products in order to gain customer attention, which in turn is estimated to help enhance their competitive advantage and subsequently boost their market share.

Companies are launching improved products due to changes in technological advancements, changing preference for innovative products, and the prevailing competition. Increased competition prompts market players to focus on introduction

of advanced products.

A few of the key players operating in the global bread machine market are:

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Breville USA, Inc.

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JVCKENWOOD Corporation

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Koninklijke Philips N.V.

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NACCO

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Newell Brands

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Panasonic Corporation

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Siroca Inc.

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Spectrum Brands, Inc.

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Stanley Black & Decker, Inc.

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Zojirushi America Corporation