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Waffle maker market to propose 3.4% CAGR during 2016-2023; global kitchen appliances market to reach USD 170.7 Billion in 2018

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Research Nester has recently announced its latest research on “Waffle Maker Market : Global Demand Analysis & Opportunity Outlook 2023”, after studying the market situation and anticipating the future trends, the research provides a concrete platform for the existing and new players looking to enter into the market. The study provides information about market scenario of forecast period by analyzing the current situation.

Waffles are considered as all-time breakfast among the consumers, technological advancement in the product provides a great experience of taste and quality to the consumers and crystalized the market growth across the globe. 

The global kitchen appliances industry revenue is forecast to reach an estimated $170.7 billion in 2018 with a CAGR of 4.1% over the next five years (2013-2018). The market is capital intensive and fragmented as many vendors compete with each to hold their position in the market. Due to growing food and services industry, the market is expected to project a high demand in the near future.

Technological advancement in the product, increasing personal disposable income, low energy consumption, increasing health concerns, cost-effectiveness are the major factor that drive the waffle maker market across the globe. The whole ranges of product with accessories are now available in E-commerce market which is resulted in to high competition among the top vendors and high degree convenience for the consumers.

Increased trend of fast food consumption has raised the demand of waffle maker globally.

Long pre-heat times, longer bake time, regular maintenance, maintaining balance between price and quality are some of the major market restraints for global waffle bakers market.

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