The Latin America, Middle East and Africa Bread Maker Market would witness market growth of 14.1% CAGR during the forecast period (2022-2028).
A bread maker, often known as a bread making machine, is a kitchen gadget that bakes bread from scratch. It consists of a bread pan installed in the middle of a tiny special-purpose oven, with one or more built-in paddles at the bottom of the pan. Usually, a simple built-in computer controls this little oven utilising input from a control panel.
The majority of breadmakers offer many cycles for various types of dough, including those for white bread, whole grain, and dough-only. Many also come with a timer so the bread maker can start even if the user is not home, and some sophisticated models allow the user to programme a certain cycle.
An increase in the working population and a rise in the demand for home-baked goods fuel market expansion. The introduction of a number of cutting-edge technologies, such as smart functionality and multi-programming features in bread makers, is also projected to increase demand for bread makers. Customers want bread makers to have smart technology and simple-to-use features, which is anticipated to spur market expansion and open up attractive bread maker market potential.
The growth occurred after COVID-19 laws were loosened, and it coincided with an increase in the percentage of consumers who shopped in-store. The strength and durability of the food retail industry in South Africa were obvious during the pandemic and the civil upheaval that occurred in July 2021 in South Africa. South Africa continues to serve as the gateway for trade with the other countries in Southern Africa. With the expansion of the retail food industry in South Africa, the demand, as well as the adoption of bread makers, would also bolster in the region, and therefore, the growth of the regional market would increase.
The Brazil market dominated the LAMEA Bread Maker Market by Country in 2021; thereby, achieving a market value of $15.3 million by 2028. The Argentina market is showcasing a CAGR of 14.7% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 13.7% during (2022 - 2028).
Based on Product Type, the market is segmented into Horizontal Loaf and Vertical Loaf. Based on Application, the market is segmented into Household and Food Service. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, E-commerce, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Bread Maker Market is Predict to reach $729.3 Million by 2028, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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