Published Date: 31-Oct-2022
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According to a new report, published by KBV research, The Global Bread Maker Market size is expected to reach $729.3 million by 2028, rising at a market growth of 7.6% CAGR during the forecast period.
The Vertical Loaf market is showcasing a CAGR of 7.2% during (2022 - 2028). The rapidly rising growth of the segment is majorly attributed to the fact that vertical loaves are the most traditionally consumed bread type. Vertical loaf making machines are widely utilized as a result of the fact that they are able to make bigger loaves of bread as a result.
The Household market is leading the segment in the Global Bread Maker Market by Application in 2021; thereby, achieving a market value of $458.7 million by 2028. The growth of this segment of the market is being fuelled by an upsurge in the growth of the disposable income of people all over the world. Due to factors, such as rising economies as well as widespread urbanization across the world.
The E-commerce market is exhibiting a CAGR of 8.5% during (2022 - 2028). The rapid surge in the growth of the segment is owing to the convenience that is offered by e-commerce channels. One of the biggest advantages of this type of sales channel is that they offer doorstep delivery of goods to their customers.
The North America market dominated the Global Bread Maker Market by Region in 2021; thereby, achieving a market value of $245.6 million by 2028. The Europe market is poised to grow at a CAGR of 7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 8.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/bread-maker-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, Spectrum Brands Holdings, Inc., Newell Brands, Inc., Koninklijke Philips N.V., Breville Group Limited, Cuisinart Corporation (Conair Corporation), Sana Products Ltd. and Siroca, Inc.
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