What Has Been the Progress and Growth of the Smart Bread Maker Market in Recent Years?
The smart bread maker market has seen considerable growth due to a variety of factors.
• The market size for smart bread makers has seen significant growth in the past few years. The market which stood at $1.17 billion in 2024, is expected to increase to $1.25 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%.
The reasons behind this growth trend in the historic period include an increase in health-aware consumers, growing preference for meals cooked at home, advancements in kitchen technology, popularity of automated baking, rising disposable incomes and the expansion of urbanization and modern kitchen setups.
How Does the Forecast Look for the Smart Bread Maker Market?
The smart bread maker market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the smart bread maker industry is predicted to experience robust expansion, with its market size projected to reach $1.6 billion by 2029, increasing at a compound annual growth rate (CAGR) of 6.4%.
This projected growth over the forecast period can be linked to factors such as the increasing popularity of intelligent kitchen appliances, heightened awareness surrounding gluten-free and speciality breads, the integration of IoT and smart functionalities, increased demand for home baking convenience, a growing inclination towards energy-saving appliances among consumers, and an expansion in e-commerce and online retail channels. The forecast period also signals key trends like intelligent connectivity and bread makers controlled via apps, increased demand for compact and size-efficient models, customizable and versatile bread makers, AI integration for bespoke baking settings, a heightened focus on sustainability and environment-friendly materials, and the invention of bread makers tailored to unique dietary preferences.
What Are The Leading Drivers Of Growth In The Smart Bread Maker Market?
The expansion of the fast food industry is anticipated to fuel the advancement of the smart bread maker market. This sector is made up of establishments that provide meals on-the-go, commonly featuring standardized menus such as burgers, fries, and fried chicken that can be quickly prepared and consumed. The fast food industry is on the rise, fueled by increasing customer demand for meals that are not only affordable but also readily available to suit their busy routines. In this sector, smart bread makers play a crucial role in the efficient and uniform production of bread, thus ensuring dependable quality in settings of high volume. For instance, according to a 2023 report by Aviko, a food company based in the Netherlands, the fast food industry in the UK saw a growth from 20.61 billion in 2022 to 22.04 billion in 2023, with customer visits to such outlets witnessing a rise to 45% in June 2023. Hence, the flourishing fast food industry will serve as a catalyst for the growth of the smart bread maker market.
How Are The Segments Defined Within The Global Smart Bread Maker Market?
The smart bread makermarket 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
Subsegments:
1) By Fully Automatic Smart Bread Makers: Programmable Bread Makers, Non-Programmable Bread Makers
2) By Semi-Automatic Smart Bread Makers: With Digital Display, Without Digital Display
3) By Manual Smart Bread Makers: Traditional Manual Bread Makers, Adjustable Manual Bread Makers
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How Are New Trends Impacting The Size Of The Smart Bread Maker Market?
Key players in the smart bread maker market are prioritizing the production of customized products, like mini bread makers, in order to meet a variety of customer needs and increase convenience. Ideal for homes with restricted kitchen space or those who wish to bake their own bread in small volumes, a mini bread maker is a space-saving device designed to create small batches of bread or dough. As an example, Panasonic Holdings Corporation, a tech company from Japan, launched the sd-pn100 mini bread maker in September 2024. This state-of-the-art, space-saving appliance caters to smaller families, offering 18 automatic programs to produce a range of baked products, including those that are gluten-free. It incorporates sophisticated technologies such as dual temperature sensor technology and artisan-style kneading, guaranteeing top-quality, customized baking outcomes with minimal waste.
Who Are the Key Players In The Smart Bread Maker Market?
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
What Is The Most Dominant Region In The Smart Bread Maker Market?
North America was the largest region in the smart bread maker market in 2024. 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.
