PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798279
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798279
Global Toasters Market to Reach US$4.8 Billion by 2030
The global market for Toasters estimated at US$4.1 Billion in the year 2024, is expected to reach US$4.8 Billion by 2030, growing at a CAGR of 2.7% over the analysis period 2024-2030. Pop-Up Toasters, one of the segments analyzed in the report, is expected to record a 2.8% CAGR and reach US$1.7 Billion by the end of the analysis period. Growth in the Ovens / Toaster Ovens segment is estimated at 3.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.1 Billion While China is Forecast to Grow at 5.1% CAGR
The Toasters market in the U.S. is estimated at US$1.1 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$923.6 Million by the year 2030 trailing a CAGR of 5.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 2.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
Global Toaster Market - Key Trends & Drivers Summarized
How Have Toaster Designs Evolved With Consumer Expectations?
Toasters have progressed from simple mechanical pop-up to sophisticated multi-function countertop appliances. Add-ons like bagel settings, defrost cycles, high-density oven-like conveyor belts, and digital browning sensors are now common. Premium consumers seek stainless steel, retro aesthetics, and safety-rounded corners. Compact models cater to urban dwellers, while large, multifunction ovens meet brunch enthusiasts and families.
Which Tech Features Are Defining Modern Toasters?
Smart toasters allow browning level presets saved via smartphone apps. Infrared sensors measure slice temperature for real-time adjustment. Adaptive heating elements auto-calibrate after each cycle. NFC cards enable hotel guests or office shared-kitchen users to select presets without altering settings. Removable crumb trays, coated interiors, and auto-shutoff features promote safety and cleaning ease.
Where Are Major Market Segments Focused?
Urban millennials choose minimalist toasters that deliver bagel and artisan-rye performance, with wow factor extras like LED countdown displays. Small households and student accommodations favor space-saving 2-slice compact models. Brunch cafes and shared offices want rugged conveyor toasters with high throughput. Luxury consumers gravitate toward premium designer and smart toasters with demanding performance and aesthetics.
What Is Driving the Toasting Appliance Market Forward?
The growth in the toasters market is driven by increasing consumer interest in breakfast culture, smart-home appliance ecosystems, and desire for customizable cooking experiences. E-commerce adoption expands access to niche models, while shared living spaces motivate compact multi-function toasters. Sustainability expectations have led to longer-lifetime materials and repairable designs. Health trends encouraging whole-grain toasting and artisan bread consumption are also boosting demand for enhanced browning control and variable settings.
SCOPE OF STUDY:
The report analyzes the Toasters market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product Type (Pop-Up Toasters, Ovens / Toaster Ovens, Conveyor Toasters, Bun & Bagel Grill Toasters, Smart / Connected Toasters); Distribution Channel (Supermarkets / Hypermarkets, Specialty Stores, Online Distribution Channel, Other Distribution Channels); End-Use (Residential End-Use, Commercial End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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