What are the recent trends in market size and growth for the toasters market?
The toasters market size has grown rapidly in recent years. It will grow from $3.94 billion in 2024 to $4.34 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increased electricity accessibility, industrialization, increased advertising and marketing, increased the rising demand for practical and effective kitchen equipment.
The toasters market size is expected to see strong growth in the next few years. It will grow to $6.33 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to rise of smart toasters equipped with connectivity features, the demand for quick and convenient breakfast solutions, increasing urbanization. Major trends in the forecast period include smart features integration, customization and personalization, and enhanced safety features, partnerships and investments.
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How have varous drivers impacted the growth of the toasters market?
The rising consumption of bakery products is expected to boost the growth of the toasters market going forward. Bakery products refer to a wide range of items that use wheat flour to produce various final bakery-related products. The bakery industry continuously introduces new and innovative products to meet evolving consumer preferences and tastes, offering convenience and healthier options with wholesome ingredients, natural flavors, and nutritional enhancements. Toasters are versatile appliances that can toast a wide range of bakery products, including different types of bread, rolls, bagels, English muffins, croissants, and pastries, ensuring efficient toasting with minimal time and effort. For instance, in April 2023, according to Statistics Canada, a Canada-based government agency, global retail sales of baked goods totalled $407.2 billion in 2021, rising to $425.6 billion in 2022. It is expected to reach $518.8 billion by 2026, growing at a rate of 5.1%. Therefore, the rising consumption of bakery products is driving the growth of the toasters market.
What are the primary segments of the toasters market?
The toasters market covered in this report is segmented –
1) By Product Type: Pop-Up Toasters, Toaster Ovens, Conveyor Toasters
2) By Distribution channel: Online, Offline
3) By End-User: Residential, Commercial
Subsegments:
1) By Pop-up Toasters: 2-Slice Pop-Up Toasters, 4-Slice Pop-Up Toasters
2) By Toaster Ovens: Countertop Toaster Ovens, Toaster Oven Broilers
3) By Conveyor Toasters: Electric Conveyor Toasters, Gas-Powered Conveyor Toasters
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Which firms are leading the toasters market?
Major companies operating in the toasters market are Panasonic Corporation, Whirlpool Corporation, Stanley Black & Decker Inc., Groupe SEB SA, The Middleby Corporation, De’Longhi Group, Breville Group, Hamilton Beach Brands Inc., Braun GmbH, Chefman LLC, Conair Corporation, Sunbeam Products Inc., Russell Hobbs Inc., Continental Electric Company Inc., Proctor Silex Ltd., Morphy Richards Limited, Bodum USA Inc., StoreBound LLC, Sunbeam Corp, Sensio Inc., Brentwood Appliances Inc., Kenwood Limited, Dualit Ltd., Smeg S.p.A., West Bend, Lifetime Brands Inc., Salton Corp.
How will industry trends affect the trajectory of the toasters market?
Major companies operating in the toaster market are focused on developing innovative cooking features or functionalities integrated into kitchen appliances to improve cooking performance, efficiency, and convenience. The improvements in technologies aim to elevate the cooking experience and empower users to create delicious meals with ease. For instance, in October 2022, Tineco, a China-based kitchen appliance company, launched TOASTY ONE, a dual-slot toaster designed with smart capabilities. This product is highlighted by a 4 inch LCD touchscreen, which offers users a visual interface for controlling the toasting process. The product utilizes GoldenCrispy technology that preserves moisture within the bread while achieving a golden crisp exterior, satisfying every slice’s texture. Additionally, the product is incorporated with IntelliHeat Technology, which adjusts the heat output and then toasts to the chosen level.
Which geographic trends are shaping the toasters market, and which region has the highest market share?
Asia-Pacific was the largest region in the toasters market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the toasters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Toasters Market Report 2025 Offer?
The toasters market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Toasters are kitchen appliances designed to toast bakery products by exposing them to radiant heat. It consists of heated metal wires (known as heating elements) positioned inside a slot or chamber, where the bread or other items are placed for toasting. The heating elements generate heat, which toasts the surfaces of the bread or baked goods, resulting in a crisp and golden-brown exterior.
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