The automatic bread machine global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automatic Bread Machine Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automatic bread machine market size has grown strongly in recent years. It will grow from $2.8 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing consumer demand for convenience, increasing advancements in kitchen appliance technology, rising health consciousness, growing disposable incomes, and growing the expansion of e-commerce.
The automatic bread machine market size is expected to see strong growth in the next few years. It will grow to $3.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to growing adoption of smart kitchen appliances, increasing interest in gluten-free and specialty diets, rising urbanization and smaller living spaces, increasing advancements in energy-efficient technologies, and increasing demand for multifunctional devices. Major trends in the forecast period integration with smart home systems, demand for compact and portable designs, development of eco-friendly materials, growth in personalized baking options, expanding gluten-free and specialty bread capabilities.
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Scope Of Automatic Bread Machine Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automatic Bread Machine Market Overview
Market Drivers –
The increase in the number of working women is expected to drive the growth of the automatic bread machine market going forward. A working woman is an individual who engages in paid employment outside the home to support herself or her family. The rise of working women is due to factors such as economic necessity, educational attainment, changing social norms, career opportunities, and work-life balance. An automatic bread maker can simplify the process of baking fresh bread for working women, saving time and effort and freeing up time for employment opportunities while promoting a healthier lifestyle. For instance, in April 2024, according to the Bureau of Labor Statistics, a US-based government agency, the percentage of working mothers with children under the age of 18 was 74% in 2023, up by 1.1% points from the prior year. Therefore, the increase in the number of working women is driving the growth of the automatic bread machine market.
Market Trends –
Major companies operating in the automatic bread machine market are focused on developing double temperature sensor-based automatic bread makers, to meet evolving consumer preferences for customizable baking experiences. A double temperature sensor-based automatic bread maker uses two sensors to monitor both dough and baking environment temperatures, enhancing control for even baking and improved bread quality. This technology allows for precise adjustments to heating elements, resulting in better performance and consistent results. For instance, in August 2022, Panasonic Corporation, a Japan-based electronics company, launched the SD-R2550. This innovative automatic bread maker delivers a comprehensive baking experience with 20 pre-set programs for a variety of breads, doughs, sweets, and gluten-free options. It includes manual settings for dough kneading and fermentation modes, mimicking artisan baking techniques for superior results. The uniquely designed kneading blade and ribbed pan work together to achieve the best texture and flavor, while the raisin & nut dispenser adds ingredients at the perfect moment for even mixing. Users can choose from medium, large, or x-large loaf sizes and select from light, medium, or dark crust shades.
The automatic bread machine market covered in this report is segmented –
1) By Type: Commercial Grade, Home Grade
2) By Distribution Channel: Online, Offline
3) By Application: Bread, Sandwich, Pizza, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the automatic bread machine market in 2023. The regions covered in the automatic bread machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automatic bread machine market are Panasonic Corporation, Midea Group Co Ltd., De’Longhi Appliances S.r.l, Cuisinart, AUCMA, Welbilt Inc., Breville Pty Ltd., Hamilton Beach, Lakeland, Severin, Frigidaire, Sunbeam Products Inc., Taurus Private Limited, Kenwood, Zojirushi America Corporation, Morphy Richards Limited, Galanz, AICook, T-FAL, Livoo, Klarstein, West Bend, Coocheer, Kuissential
Table of Contents
1. Executive Summary
2. Automatic Bread Machine Market Report Structure
3. Automatic Bread Machine Market Trends And Strategies
4. Automatic Bread Machine Market – Macro Economic Scenario
5. Automatic Bread Machine Market Size And Growth
…..
27. Automatic Bread Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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