Residential Bread Makers Market: Introduction
Residential bread maker is an electric machine for turning raw ingredients into baked bread. Residential bread maker consists of a bread pan, at the bottom of which are one or more built-in paddles, mounted in the center of a small special-purpose oven. This small oven is mostly controlled by a simple built-in computer using settings input via a control panel. The advanced residential bread maker is equipped with fully adjustable programs and outer coated with stainless steel to extract temperature. Residential bread maker has various functions for different kinds of dough. Advanced residential bread makers are capable of preparing white bread, European-style bread, whole grain bread, etc. They also have timers that enable the bread machine to operate without human intervention, and some high-end models enable users to program customized cycles for bread making.
Key drivers of the residential bread makers market
Rise in disposable income and fast moving lifestyles are boosting the demand for residential bread maker. Presently, working women require kitchen essentials, such as break makers, to cope up with their hectic schedule. Rise in the number of working women is driving the residential bread maker market at a rapid pace. The residential bread maker market is primarily being driven by increased level of disposable income for the last few years. Strong economic growth in developing countries and increase in employment opportunities for women is consistently driving disposable incomes. Moreover, expanding working class, especially working women and increasing nuclear families, coupled with busy lifestyles are major factors that boost the residential bread maker market.
Improvised features creating opportunities in the residential bread makers market
Increasing demand for innovative bread maker and time constraints of working people have prompted manufacturers to produce advanced bread maker for consumers. In 2021, Panasonic introduced a new Bread Maker that provides a range of options for people seeking gluten-free alternatives. It features a total of 30 automatic programs, allowing households to bake an array of breads including whole-wheat, sourdough and brioche. The residential bread maker is also ideal for people who suffer from gluten intolerance, or simply want to eat less gluten, as it offers numerous programs to create gluten-free bread, cake, pizza dough and pasta – excluding allergens in the baking progress, without compromising on the taste. These factors create new opportunities for the product in the market.
Pandemic scenario a restraint for the residential bread makers market
The worldwide outbreak of COVID-19 is posing significant challenges to the world economy and business. The global residential bread maker market is anticipated to contract owing to the impact of spread of COVID-19. A key reason for the negative effect is the extension of the lockdown the across globe. The production is also hampered, due to less demand and closure of production plants. These factors acts restrain the residential bread maker market.
North America dominated the global market
North America accounts for a prominent share of the global residential bread maker market, in terms of revenue, as compared to that held by other regions, due to increased adoption of bread maker in various households in the region. Moreover, a surge in the usage of bread maker among consumers in countries such as U.S, Canada, Mexico, etc., is expected to propel the demand for residential bread maker in the region. Technological advancements and rapid increase in demand for different varieties of bread are further boosting the residential bread makers market in the region.
Key players operating in the global market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.
Some of the major companies identified in the residential bread makers market are:
Residential Bread Makers Market: Research Scope
Residential Bread Makers Market, by Loaf Size
- Below 2 pounds
- 2-4 pounds
- Above 4 pounds
Residential Bread Makers Market, by Connectivity
Residential Bread Makers Market, by Price
Residential Bread Makers Market, by Application
Residential Bread Makers Market, by Distribution Channel
Residential Bread Makers Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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