Global Toast Maker Market Report and Forecast 2024-2032

Global Toast Maker Market Outlook

The global toast maker market size reached a value of approximately USD 3.94 billion in 2023. The market is expected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of USD 6.02 billion by 2032.

Key Trends in the Market

A toast maker is an electrical device which uses heat to toast a piece of bread, making it crisp, hot, and brown, by heating it evenly and keeping it crisp without hardening the crust. Various types of toast makers are available, depending upon type of toasting and volume of bread that can be toasted at a time.

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• Rising trend of having light breakfast such as toast is supporting the growth of the toast maker market. Toast makers are versatile devices that are convenient to use and easy to clean which help the users save time.

• Toast makers do not require additional oils or fats to cook the bread, due to which it is considered a healthy cooking device and is increasing in popularity among health-conscious consumers.

• Development of technologically advanced toast makers such as smart toast makers is gaining popularity all across the world. These toast makers can be coordinated with the user’s smartphone or other connected devices for desired end product.

Market Analysis

Based on product type, the market is segmented into pop-up toaster, toaster oven, and conveyor toaster. On the basis of application, the market is bifurcated into residential and commercial. By distribution channel, the market is categorised into home appliance store, supermarket, and online. On the basis of region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global toast maker market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• West Bend Co.

• Sensio Inc.

• Stanley Black & Decker, Inc.

• Breville USA, Inc.

• Cuisinart

• Dualit Limited

• De’ Longhi Appliances S.r.l.

• Hamilton Beach Brands, Inc.

• Whirlpool Corporation

• Groupe SEB USA

• Newell Brands Inc.

• Others

Market Share by Product Type

Pop-up toaster segment is anticipated to hold a sizable share of the toast maker market by type because of its compact size and low energy requirements to make toast. These toasters are quite user-friendly and convenient which is further increasing their demand from consumers globally, especially from the working individuals with busy lifestyles. Pop-up toasters are available in different sizing configurations, such as 2 slice, 4 slice, and 6 slices, due to which is commonly preferred in residential applications.

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Market Share by Region

Europe accounts for a significant share of the toast maker market owing to the widespread consumption of toast as a breakfast with morning tea or coffee. Depending upon the country, toast can be served with butter, jams, jellies, marmalades, spreads, and other fillings, facilitating easy customisation as per local preference. Availability of artisanal breads and bakeries in Europe is also increasing the demand for toast makers in residential and commercial settings.

Competitive Landscape

West Bend Co. was founded in 1911 and is headquartered in Wisconsin, United States. This appliance manufacturing company produces household appliances such as mixers, slow cookers, bread makers, and coffee urns, among others.

Sensio Inc. is a kitchen appliance and homeware company that was founded in 2003 and is headquartered in Montreal, Canada. They manufacture appliances utilised in homes and kitchens such as coffee, tea and espresso machines, and ovens and toasters.

Stanley Black & Decker, Inc. was founded in 1843 and has its headquarters located in Connecticut in the United States. This manufacturing company is known globally for producing household hardware and industrial tools.

Other market players include Breville USA, Inc., Cuisinart, Dualit Limited, De’ Longhi Appliances S.r.l., Hamilton Beach Brands, Inc., Whirlpool Corporation, Groupe SEB USA, and Newell Brands Inc., among others.

Key Highlights of the Report