15 February 2019:
Bread
Machine Market was million US$ in 2018 and is expected to
million US$ by the end of 2023, growing at a CAGR of between 2019 and 2023.This
report studies the Bread Machine market size (value and volume) by players,
regions, product types and end industries, history data 2014-2018 and forecast
data 2019-2023; This report also studies the global Bread Machine market
competition landscape, market drivers and trends, opportunities and challenges,
risks and entry barriers, sales channels, distributors and Porter's Five Forces
Analysis.
Global Bread Machine Market is expected to grow at a CAGR of 4.6% in the upcoming
period as the scope and its applications are rising enormously across the
globe. Bread Machine, also termed as a bread maker, is an electronic device
used for baking bread. It consists of a bread tin and is controlled by a
built-in computer using control panel.
The factors that are playing a major role in the growth of
market are rising demand for bread machines amongst the population as it is
easy to use, cost-efficient, and has superior taste and quality. However, the
presence of alternatives in the market may restrain the overall Bread Machine
Market in the years to come. The market is segmented based on product type,
applications, and region.
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Home grade and commercial grade are the product types that
could be explored in Bread Machine in the forecast period. The market may be
categorized based on applications like pizza, bread, sandwich, and the others
that could be explored in the forecast period. Bread sector accounted for the
significant market share of Bread Machine in terms of value and is estimated to
continue its dominance in the years to come. In addition, the pizza sector is
estimated to grow at a moderate CAGR in the years to come.
Globally, North America accounted for the significant market
share of Bread Machine and is estimated to lead the overall market in the years
to come. The reason behind the overall market growth could be presence of key
manufacturers in this region and high demand from the populace. Canada and the
United States are the major consumers of Bread Machine in this region.
The key players of Bread Machine Market are Chulux,
Panasonic, BRAUN, Zojirushi, KENWOOD, Cuisinart, Nathome, Oster, Breville, Kuissential,
Electrolux, Midea, Breadman, and PHILIPS. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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Bread Machine Market
by Geographical Regions:-
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Bread Machine Market
by Applications:-
•
Commercial
•
Residential
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