Technology

Bread Maker Market size is set to grow by USD 309 million from 2024-2028, product innovations and advances leading to portfolio extension and product premiumization boost the market- Technavio

Published

2 years ago

September 24, 2024

NEW YORK, Sept. 24, 2024 /PRNewswire/ — The global bread maker market size is estimated to grow by USD 309 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.08% during the forecast period. Product innovations and advances leading to portfolio extension and product premiumization is driving market growth, with a trend towards increasing adoption of multi-functional and advanced products. However, threat from counterfeit product poses a challenge. Key market players include AGARO, Bajaj Electricals Ltd., Breville Group Ltd., Cuisinart, DeLonghi Group, Glen Dimplex Europe Holdings Ltd., Hamilton Beach Brands Holding Co., JVCKENWOOD Corp., KENT RO Systems Ltd., Koninklijke Philips N.V., Lifelong Online Retail Pvt. Ltd., NESCO, Newell Brands Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., SANA PRODUCTS LTD., SEB Developpement SA, Sharp Corp., Siroca Inc., Stanley Black and Decker Inc., and Zojirushi Corp..

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Bread Maker Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.08%

Market growth 2024-2028

USD 309 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.4

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 36%

Key countries

US, Germany, UK, China, and Canada

Key companies profiled

AGARO, Bajaj Electricals Ltd., Breville Group Ltd., Cuisinart, DeLonghi Group, Glen Dimplex Europe Holdings Ltd., Hamilton Beach Brands Holding Co., JVCKENWOOD Corp., KENT RO Systems Ltd., Koninklijke Philips N.V., Lifelong Online Retail Pvt. Ltd., NESCO, Newell Brands Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., SANA PRODUCTS LTD., SEB Developpement SA, Sharp Corp., Siroca Inc., Stanley Black and Decker Inc., and Zojirushi Corp.

Market Driver

The increasing preference for multi-functional household appliances is driving the market for bread makers. Consumers are willing to invest more in appliances that offer multiple features and functions, as they provide a high return on investment. Multi-functional bread makers save time, resources, and space by eliminating the need for separate appliances for various baking needs. Vendors are continuously innovating to meet this demand and stay competitive. The availability of a wide range of multi-functional bread makers is expected to boost market growth during the forecast period.

The Bread Maker market is experiencing significant growth in the cooking equipment sector, driven by the increasing popularity of home-cooked meals among nuclear families with hectic lives. Economic expansion in emerging countries and discretionary spending power have boosted demand for modern bread machines. Intelligent bread makers with pre-programmed settings and wireless connectivity are trending, making baking easier and more convenient. Brands, local dealers, small shop owners, retailers, and service providers are capitalizing on this trend. Rapid urbanization and the rise of smart kitchen appliances have led to the production of compact bread machines, producing various loaves using raw materials like flour. Working women and small-scale bakeries are major consumers, while food service companies and food processing industries are significant buyers of bread makers and related accessories such as bread pans, paddles, small ovens, timers, and programs. Safety features are a priority, with brands focusing on electrical equipment and technical advances to meet consumer demands.

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Market Challenges

The global bread maker market has faced challenges due to the proliferation of counterfeit products in recent years. These imitations, which mimic the packaging of established brands, are sold at lower prices through unauthorized distributors and online retail channels, particularly in price-sensitive markets like China and India. The easy availability of these counterfeits has led to market fragmentation, resulting in a lack of price standardization, an uneven competitive landscape, and erosion of market shares for international vendors. Moreover, the rise of online shopping has made it easier for counterfeiters to sell their products without product inspections or reviews. Consumers, often unaware of product authentication, may mistakenly purchase counterfeits, blaming genuine brands if the products malfunction. This can significantly harm the reputation of reliable, authentic brands. The digital age enables counterfeiters to deceive consumers with products that resemble branded counterparts, further eroding market trust. Counterfeiting has increased due to consumer preference for lower-priced products and the ease of production and distribution in the digital era. The presence of numerous counterfeit products can hinder the growth of the global bread maker market, potentially leading to decreased revenues for prominent vendors. To mitigate these challenges, it is crucial for market players to focus on product authentication, consumer education, and stricter enforcement of intellectual property rights.The bread maker market is experiencing significant growth due to the increasing demand for home-baked products among dual-working families. Fully automatic devices with user-friendly functions have gained popularity, allowing individuals to save time and human efforts. Latest technologies, such as ingredient dispensers for nuts, sultanas, chocolate, and yeast, add convenience. Types of bread, including whole meal loaves and sweet brioche, cater to diverse consumer preferences. High-end models offer connectivity and add-ons like jam, pizza dough, and preservative-free options for the gluten-intolerant population. Simple-to-use and versatile models cater to various sub-segments. The nuclear family trend and working population drive demand for automatic bread makers, with semi-automatic counterparts offering cost-effective alternatives. Commercial places like bakeries, cafes, restaurants, hotels, and grocery stores use commercial bread makers for on-the-go products. Online portals provide easy access to a wide range of bread maker models. The market faces challenges due to competition from commercial bakeries and preservatives in mass-produced bread. However, the trend towards home-baked goods and preservative-free products presents opportunities for growth.

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Segment Overview

This bread maker market report extensively covers market segmentation by

Distribution Channel1.1 Offline1.2 OnlineProduct 2.1 Automatic bread maker2.2 Regular bread makerGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline- The offline distribution channel for bread makers consists of sales through specialty stores, department stores, hypermarkets, supermarkets, convenience stores, and clubhouse stores. Specialty stores, also known as electronic and specialty retailers (EASRs), are the highest revenue generators in the global bread maker market due to their increasing popularity. Mass merchandisers, including hypermarkets, supermarkets, convenience stores, and clubhouse stores, are the second-largest contributors to the market’s revenue. These retailers offer a wide range of products at competitive prices. Department stores are another offline distribution channel that offers bread makers at competitive prices, allowing consumers to evaluate products before purchasing. Factors that influence purchases from department stores include convenience and brand variety. Vendors are managing their sales through local retail entities and maintaining strategic alliances with household appliance retailers to boost offline sales.

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Research Analysis

Bread makers are electrical equipment used to produce fresh bread at home, offering a variety of bread types and designs. They use raw materials like flour, water, yeast, and salt to create loaves, reducing the need for human efforts and time. Small-scale bakeries and family users benefit from this convenient cooking equipment, producing bakery items such as whole meal loaves, sweet brioche, and gluten-free bread without the use of preservatives. Food processing industries also utilize bread-making machines for mass production. A bread maker consists of a bread pan, paddles, oven, timer, and other essential components. With discretionary spending on the rise and economic expansion in emerging countries, the market for bread makers continues to grow, particularly among the working class and nuclear families.

Market Research Overview

Bread makers, an essential electrical equipment for home bakers and small-scale bakeries, offer a variety of bread options beyond the traditional loaf. From whole meal loaves to sweet brioche, these machines use raw materials like flour, yeast, nuts, sultanas, and chocolate to create fresh, preservative-free bread at home. Fully automatic devices with the latest technologies and user-friendly functions have gained popularity among working women and dual-working families. Bread makers come in high-end and simple-to-use models, with some featuring ingredient dispensers for added convenience. The nuclear family trend and hectic lives have led to an increase in demand for on-the-go products, resulting in the development of on-demand and connectivity features. Food processing industries also use bread makers to produce bakery items for commercial places like bakeries, cafes, restaurants, hotels, grocery stores, and online portals. The emergence of rapid urbanization and economic expansion in emerging countries has led to a growing market for these machines among the working population. Bread makers consist of a bread pan, paddles, a small oven, timers, and programs, allowing for customizable baking settings. With the rise of gluten-intolerant populations, preservative-free and gluten-free bread options have become increasingly popular. Brands, local dealers, small shop owners, retailers, and service providers offer a range of bread makers to cater to various consumer preferences and budgets. Whether you’re looking for a versatile model that can make jam, pizza dough, or a high-end device with intelligent functions, there’s a bread maker out there for you.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineProductAutomatic Bread MakerRegular Bread MakerGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

Published

3 hours ago

April 30, 2026

New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

Technology

Socomec, Daitron team up to meet Japan’s growing power demands

Published

3 hours ago

April 30, 2026

TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

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SOURCE Socomec

Technology

Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

Published

3 hours ago

April 30, 2026

Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.