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Toaster Market Trends

  • Report ID: GMI9075
  • Published Date: Apr 2024
  • Report Format: PDF

Toaster Market Trends

Toaster manufacturers continuously innovate by introducing new features such as multiple toasting settings, defrost functions, and toaster ovens with additional cooking capabilities. This diversification in product offerings caters to a wide range of consumer preferences and needs, thereby expanding the small kitchen appliances market. Advancements in toaster technology, such as improved heating elements, energy efficiency, and smart features like Wi-Fi connectivity and mobile app control, attract tech-savvy consumers.
 

These technological advancements not only drive the demand for toasters but also contribute to the overall growth of the small kitchen appliances market. Consumers are increasingly seeking customizable options in kitchen appliances. Some toaster models offer adjustable browning settings, allowing users to achieve their preferred level of toastiness. Additionally, there's a rising demand for toasters that can accommodate artisanal bread of different shapes and sizes.
 

Additionally, the growing awareness of health and wellness has led to an increased demand for appliances that support healthier cooking methods. Some toasters come with features like wide slots for toasting artisan bread or settings for toasting frozen items without overcooking. As consumers prioritize healthier eating habits, they may also invest in other small kitchen appliances like air fryers, juicers, and blenders to support their dietary goals, thereby driving market growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The toaster market was valued at USD 4.79 billion in 2023 and is anticipated to register 4.3% CAGR through 2032, driven by busy lifestyles and the increasing preference for convenience.

Pop-up toaster industry generated USD 1.99 billion in 2023 and is expected to exceed USD 3.06 billion by 2032, as they are incredibly convenient to use.

North America toaster market generated USD 1.67 billion in 2023, as they continuously introduce new features and designs to attract consumers, such as digital displays, multiple toasting settings, and even smart connectivity features.

BELLA, Black & Decker, Breville, Cuisinart, De’Longhi S.p.A., Dualit, Hamilton Beach, Kenmore, KitchenAid, Krups, Panasonic Corporation, Sunbeam, Toastmaster, Waring, and West Bend

Toaster Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 212
  • Countries covered: 23
  • Pages: 224
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