Waffle Maker Market Is Anticipated To Grow At A CAGR of 3.9% During Forecast Period 2018-2027 Study With Top Key Players VonShef, Waring, Krampouz, Star Manufacturing International & Others
Waffle maker also known is a household cooking appliance. Increasing incorporation of quality and ingenuity is backing the growth of vast categories of waffle baker. Emerging trend of western food eating habits across countries such as India, China is increasingly driving the demand for the waffle makers. Changing lifestyles across the globe backed by increasing disposable income is expected to increase the waffle makers market at a high pace.
Additionally, Waffles are considered as a staple breakfast food among the consumers of various income classes and western countries such as the United States and Canada. Moreover, increasing incorporation of the value added features in the waffle makers is backing the availability of better quality products with the consumers and has crystalized the market growth across the globe.
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Market Size & Forecast
Waffle Maker Market is anticipated to record a decent 3.9% CAGR over the forecast period. Many multi-national companies are concentrating towards new product advancements in waffle making. Additionally, increasing inclination developing economies towards western foods is anticipated to propel growth in the waffle makers market at a fast pace over the forecast period.
Global waffle maker market is observing vibrant growth on account of increasing disposable incomes and growing food and service industry. Additionally, rising awareness regarding health issues has led to more people cooking at home resulting in increased demand for waffle makers.
On the basis of regional platform, global waffle Maker market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The North American market is anticipated to showcase a decent growth rate on the account of rising awareness regarding healthcare issues in the region which further leads to increasing consumption of healthy low energy consumption homemade food.
Asia Pacific is expected to drive demand and positively impact waffle Maker market growth over the forecast period on account of increasing waffle maker application in restaurants, homes and commercial work places. The changing eating habits in the emerging economies are anticipated to increase the demand for waffle makers in countries such as India, China and many other countries in the Asia-Pacific region.
Detailed Insights of Major Players:
VonShef, Waring, Krampouz, Star Manufacturing International, Nordic Ware, Nemco Food Equipment, Brentwood Appliances, Wells Manufacturing, Cuisinart, Sage Appliances, And Others.
By Raw Material, By Size, By Shape, By End-User Industries, By Number of Waffles, By Region, By Key Players.
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Growth Drivers & Challenges
Technological advancement in the waffle maker is attracting more consumers towards buying waffle makers for household cooking due to ease in the cooking process. Additionally, increasing personal disposable income along with cost-effective products range is anticipated to increase the demand for waffle makers market. Moreover, low energy consumption, and increasing health concerns, is the major factor that is driving the waffle maker market across the globe. Consequently, increased demand has resulted in decreased prices of these products especially in the developing countries. Changing eating habits across regions is resulting in high demand of waffle makers. Additionally, increasing trend of fast food consumption and western eating habits in the developing economies has propelled the demand of waffle maker globally.
However, factors for instance long pre-heat times, longer bake time, regular maintenance are some of the major market restraints that are predicted to affect the waffle bakers market across the globe.
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