The global toaster market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. The increasing trend of fast-food restaurants and cafes globally is the crucial factor driving the growth of the toaster market. Many companies are launching home appliances and kitchen equipment that are user friendly and highly efficient. For instance, in May 2022, Dior launched its new restaurant, Monsieur Dior.
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Additionally, technical advancement in kitchen appliances is also a major factor contributing to the growth of the toaster market across the globe. For instance, other than toasting bread, toaster ovens can cook pizza, various chicken and fish dishes. Many giant companies are introducing advanced features in the toaster which increases the sale of the toaster and led to the growth of the toaster market during the forecast period. For instance, in June 2021, Redmond launched a full touch screen LED display stainless steel toaster. This toaster comes with a two-slice toaster, LED display, six bread shade browning settings, and bagel/ reheat/ defrost/ cancel options. The stainless steel toaster also features a digital and intuitive touchscreen that displays a countdown clock.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Toaster Market Report Segment
By Product
- Pop-Up Toasters
- Toaster Ovens
- Conveyor Toasters
By Type
- 2 Slice Toasters
- 4 Slice Toasters
- Others
By Application
- Commercial
- Residential
By Distribution Channel
- Online
- Offline
Global Toaster Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global toaster market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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