The smart bread maker 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.
Smart Bread Maker 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 smart bread maker market size has grown strongly in recent years. It will grow from $1.1 billion in 2023 to $1.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to a rise in health-conscious consumers, increased demand for home-cooked meals, technological advancements in kitchen appliances, growing popularity of automated baking, increasing disposable incomes, and the expansion of urbanization and modern kitchens.
The smart bread maker market size is expected to see strong growth in the next few years. It will grow to $1.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to the growing trend of smart kitchen appliances, rising awareness of gluten-free and specialty breads, integration of IoT and smart features, demand for convenience in home baking, increasing consumer preference for energy-efficient appliances, and expanding e-commerce and online retail channels. Major trends in the forecast period include smart connectivity and app-controlled bread makers, rising demand for compact and space-saving models, customizable and multipurpose bread makers, integration of AI for personalized baking settings, growing focus on sustainability and eco-friendly materials, and development of bread makers for niche dietary preferences.
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Scope Of Smart Bread Maker 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.
Smart Bread Maker Market Overview
Market Drivers –
The growing fast food sector is expected to propel the growth of the smart bread maker market. The fast-food sector comprises restaurants that offer quick-service meals, often featuring standardized menus with items such as burgers, fries, and fried chicken, designed for rapid preparation and consumption. The fast food sector is growing rapidly due to increasing consumer demand for convenient, affordable, and readily accessible meals amidst busy lifestyles. In the fast food sector, smart bread makers are used to streamline and standardize bread production, ensuring consistent quality and efficiency in high-volume operations. For instance, in 2023, according to report published by Aviko, a Netherlands-based food company, the UK fast food sector expanded from 20.61 billion in 2022 to 22.04 billion in 2023, with consumer visits to fast food outlets rising to 45% in June 2023. Therefore, the growing fast food sector will drive the growth of the smart bread maker market.
Market Trends –
Major companies operating in the smart bread maker market are focusing on personalized products, such as mini bread makers, to cater to diverse consumer preferences and enhance convenience. A mini bread maker is a compact appliance designed to bake small loaves of bread or dough, ideal for households with limited kitchen space or for those who want to bake fresh bread in smaller quantities. For instance, in September 2024, Panasonic Holdings Corporation, a Japan-based technology provider, launched the sd-pn100 mini bread maker, a compact, innovative appliance designed for smaller households, offering 18 auto-programs to create a variety of baked goods, including gluten-free options. It features advanced technologies such as dual temperature sensor technology and artisan-style kneading to ensure high-quality, customizable baking results with minimal waste.
The smart bread maker market covered in this report is segmented –
1) By Type: Fully Automatic Smart Bread Makers, Semi-Automatic Smart Bread Makers, Manual Smart Bread Makers
2) By Distributional Channel: Supermarket, Home Appliance Store, Online
3) By Application: Household Use, Commercial Use
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Regional Insights –
North America was the largest region in the smart bread maker market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart bread maker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the smart bread maker market are Panasonic Corporation, Midea Group Co. Ltd., Kitchenaid, Sharp Corporation, Koninklijke Philips N.V., Electrolux AB, BLACK+DECKER Inc., De’Longhi S.p.A., Breville Group Ltd., Cuckoo Electronics Co. Ltd., Lakeland Limited, Kent International Inc., Hamilton Beach Brands Holding Company, Aroma Housewares Co. Ltd., Cuisinart, Siroca Inc., KENWOOD Limited, Zojirushi Corporation, Gourmia Inc., Tefal, The Secura Group, Sunbeam Products Inc., Gastroback GmbH
Table of Contents
1. Executive Summary
2. Smart Bread Maker Market Report Structure
3. Smart Bread Maker Market Trends And Strategies
4. Smart Bread Maker Market – Macro Economic Scenario
5. Smart Bread Maker Market Size And Growth
…..
27. Smart Bread Maker Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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