Toast Maker Market Research Report By Product Type (Two-Slice Toasters, Four-Slice Toasters, Six-Slice Toasters, Specialty Toasters (e.g., Bagel Toasters, Sandwich Toasters)), By Mechanism (Pop-Up Toasters, Conveyor Toasters, Toaster Ovens), By Feature (Adjustable Browning Settings, Automatic Shut-off, Crumb Tray, Bagel Setting, Frozen Food Setting), By Application (Residential, Commercial (e.g., Hotels, Restaurants, Cafes)), By Price Range (Economy, Mid-Range, Premium) and By Regional (North America, Europe, South America, Asia Pacific, Mi

Global Toast Maker Market Overview

Toast Maker Market Size was estimated at 1.12 (USD Billion) in 2022. The Toast Maker Industry is expected to grow from 1.19(USD Billion) in 2023 to 2.13 (USD Billion) by 2032. The Toast Maker Market CAGR (growth rate) is expected to be around 6.67% during the forecast period (2024 - 2032).

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Toast Maker Market Trends Highlighted

The increasing focus on nutritious as well as fast and easy-to-prepare breakfast meals explains the increasing sales of the toast maker appliances. There is a growing demand from the market for appliances that can toast bread in the desired level of browning in the shortest time possible. The emergence of more establishments that offer unique toasted bread as well as artisan pieces of bread has also driven the growth of more advanced toasters with the ability to set and control the temperature.

The growth areas would include adding smart features to the toasters. Such remote controls, smartphones and apps would enable users to prepare or follow up their toasts without being in the kitchen. It is also apparent that the increasing concern for the conservation of the environment will create a necessity for the manufacturers to come up with other energy-saving designs such as toasters whose features will include sleep mode or sensor-based shutdown.

More recently, the toasters market reports indicate the development of multi-cooker turbo toasters that perform various cooking modes. These devices can do the function of a toaster plus some additional functions like, grilling foods, baking as well as reheating. Similarly to the other segments of the market, the segment of the open toast makers is also characterized by the introduction of small-size and battery-operated devices intended for people on the go and for travel.

Toast Maker Market Drivers

Rising Demand for Convenience and Time-Saving Appliances

Living in the era of globalization and rapid technological advancements, people tend to look for simpler, quicker and more convenient solutions in all spheres of their lives, including food preparation. Toast makers are designed to quickly turn a wide variety of foods, such as bread and bagels, waffles and pancakes, into toasted delights. This simple solution appeals to millions of people around the world, leading to a growing demand for toast makers in both developed and developing regions.

Growing Popularity of Breakfast Cereals and Toasts

Another factor that is expected to drive the growth of the Toast Maker Market Industry is the increasing prevalence of breakfast cereals and toasts. Nowadays, people are consuming these food items on a regular basis, as a major output of most households. Usually, it is commonplace to toast bread/bagels to complement breakfast cereals. Moreover, toasts are becoming more famous and typical edible food serving as quick breakfast or snacks. Thus, the increased use of breakfast cereals and toast is driving demand for toast makers.

Technological Advancements and Innovation

Technological advancements and innovation are also contributing to the growth of the Toast Maker Market Industry. Manufacturers are constantly introducing new and improved toast makers with advanced features such as adjustable browning settings, automatic pop-up functions, and integrated crumb trays. These advancements enhance the user experience and make toast makers more convenient and efficient to use.

Toast Maker Market Segment Insights

Toast Maker Market Product Type Insights

The Toast Maker Market is segmented into various product types, including Two-Slice Toasters, Four-Slice Toasters, Six-Slice Toasters, and Specialty Toasters (e.g., Bagel Toasters, Sandwich Toasters). Among these segments, Two-Slice Toasters account for a significant share of the market revenue. In 2023, the Two-Slice Toasters segment was valued at approximately 1.54 billion U.S. dollars and is projected to grow at a steady pace in the coming years. This growth can be attributed to the popularity of compact kitchen appliances and the increasing demand for convenient and time-saving solutions for breakfast preparation.Four-slice toasters represent another substantial segment in the Toast Maker Market. These toasters are designed to accommodate larger families or individuals who prefer to toast multiple slices of bread simultaneously. The Four-Slice Toasters segment is estimated to grow at a CAGR of 6.2% during the forecast period, driven by the growing preference for larger capacity appliances. Specialty Toasters, such as Bagel Toasters and Sandwich Toasters, cater to specific toasting needs. Bagel Toasters are designed to accommodate the unique shape of bagels, while Sandwich Toasters feature additional functionalities, such as grilling or browning capabilities.The Specialty Toasters segment is expected to witness significant growth in the coming years due to the increasing popularity of specialty bread products and the demand for versatile kitchen appliances. 

The market data indicates that the Toast Maker Market is highly competitive, with a presence of both established players and emerging brands. Major industry participants are focusing on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge. The market is also influenced by factors such as technological advancements, changing consumer preferences, and economic conditions.Overall, the Toast Maker Market is poised for continued growth in the future, driven by the increasing demand for convenient and efficient kitchen appliances.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Toast Maker Market Mechanism Insights

The toast maker market is segmented into various categories based on mechanism, including pop-up toasters, conveyor toasters, and toaster ovens. Among these segments, pop-up toasters account for the largest revenue share in the market due to their affordability, convenience, and widespread availability. In 2023, the pop-up toaster segment held a share of around 60% of the toast maker market revenue. Conveyor toasters, which are primarily used in commercial settings such as restaurants and cafes, are expected to experience significant growth in the coming years owing to their high efficiency and ability to handle large volumes of toast.Toaster ovens, which combine the functionality of a toaster and an oven, offer versatility and are gaining popularity for home use. The growing demand for convenience and multi-functional appliances is expected to drive the growth of the toaster oven segment in the future.

Toast Maker Market Feature Insights

The Toast Maker Market is segmented based on Features into Adjustable Browning Settings, Automatic Shut-off, Crumb Tray, Bagel Setting, and Frozen Food Settings. Among these, the Adjustable Browning Settings segment is expected to hold the largest share of the market in 2024. This is due to the increasing demand for toasters that allow users to customize the level of browning of their toast. The Automatic Shut-off segment is also expected to grow significantly in the coming years as consumers become more aware of the safety benefits of toasters that automatically turn off when the toast is done.The Crumb Tray segment is expected to remain stable as consumers continue to value the convenience of toasters that have a removable crumb tray for easy cleaning. The Bagel Setting segment is expected to grow moderately as consumers increasingly opt for toasters that have a dedicated setting for toasting bagels. The Frozen Food Setting segment is expected to grow slowly as consumers become more accustomed to using toasters to toast frozen foods.

Toast Maker Market Application Insights

The Application segment is bifurcated into Residential and Commercial (e.g., Hotels, Restaurants, Cafes). The Commercial segment is expected to account for a larger share of the Toast Maker Market revenue in the coming years. In 2023, the Commercial segment is predicted to hold a significant share of the market, valued at around USD 1.22 Billion, and it is projected to grow at a CAGR of 6.95%, reaching USD 1.85 Billion by 2032. The growth of this segment can be attributed to the increasing number of hotels, restaurants, and cafes around the world, as well as the rising demand for convenient and time-saving appliances in commercial kitchens.On the other hand, the Residential segment is also expected to experience steady growth as more and more households opt for convenience and ease of use in their kitchens.

Toast Maker Market Price Range Insights

The Toast Maker Market is segmented by price range into economy, mid-range, and premium. The premium segment is expected to grow at the highest CAGR of 7.1% during the forecast period. The economy segment is expected to account for the smallest share of the market in 2023, with a CAGR of 6.2% during the forecast period. The growth of the premium segment is attributed to the increasing demand for high-end toast makers with advanced features such as automatic bread detection, variable browning settings, and digital displays.

Toast Maker Market Regional Insights

The regional segmentation of the Toast Maker Market offers insights into the market's performance across different regions. North America is estimated to hold a significant share of the revenue in 2023, driven by increasing demand for advanced and innovative toast makers. Europe follows closely, with a growing preference for premium home appliances. The APAC region is expected to witness substantial growth over the forecast period, owing to rising disposable income and urbanization. South America and MEA are expected to contribute a smaller share to the market but are projected to grow at a steady pace due to increasing consumer awareness and demand for convenient kitchen appliances.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Toast Maker Market Key Players And Competitive Insights

Major players in the Toast Maker Market industry are adopting various strategies to expand their market presence and enhance their market share. They are focusing on innovation and the development of new products to meet the evolving demands of consumers. Additionally, leading Toast Maker Market players are engaging in strategic partnerships and collaborations to expand their geographical reach and strengthen their market position. The Toast Maker Market competitive landscape is characterized by a mix of established players and emerging companies, leading to intense competition. Key players in the market are heavily investing in research and development to introduce innovative and advanced products.Breville is a leading player in the Toast Maker Market industry, renowned for its high-quality and innovative products. 

The company has a strong brand presence and a wide distribution network across multiple regions. Breville's focus on customer satisfaction, coupled with its commitment to product innovation, has enabled it to maintain a competitive edge in the market. The company offers a diverse range of toast makers with various features and designs, catering to the diverse needs of consumers. Breville's commitment to quality and innovation has earned it a loyal customer base and a strong reputation in the industry.Cuisinart is a prominent competitor in the Toast Maker Market industry, known for its reliable and durable products. The company has a strong presence in the North American and European markets and is expanding its reach into other regions. Cuisinart focuses on providing high-quality products at competitive prices, making it a popular choice among consumers. The company's wide range of toast makers includes models with advanced features such as multiple browning settings, defrost options, and crumb trays for easy cleaning. Cuisinart's focus on customer satisfaction and its commitment to innovation have contributed to its strong position in the industry.

Key Companies in the Toast Maker Market Include

• Proctor Silex


• Hamilton Beach


• Russell Hobbs


• Cuisinart


• Breville


• Panasonic


• Dualit


• Sunbeam


• De'Longhi


• AmazonBasics


• Toshiba


• Morphy Richards


• Oster


• KitchenAid


• Dash

Toast Maker Market Industry Developments

The toast maker market is anticipated to witness steady growth over the forecast period from 2024-2032. The market is witnessing increasing demand for convenience and time-saving kitchen appliances, coupled with rising disposable incomes and changing lifestyles. Technological advancements, such as the introduction of smart and multi-functional toast makers, are further fueling market growth. Key players in the market are focusing on product innovation and expansion into emerging markets to cater to the growing demand. Recent news developments include the launch of new products with advanced features, such as automatic bread detection, variable browning settings, and easy-to-clean designs. The increasing adoption of e-commerce platforms for the distribution of toast makers is also shaping the market landscape, providing convenience to consumers and expanding market reach.

Toast Maker Market Segmentation Insights

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  Toast Maker Market Product Type Outlook

  
  
  
  
  • Two-Slice Toasters
  
  
  • Four-Slice Toasters
  
  
  • Six-Slice Toasters
  
  
  • Specialty Toasters (e.g., Bagel Toasters, Sandwich Toasters)
  
  
  
  


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  Toast Maker Market Mechanism Outlook

  
  
  
  
  • Pop-Up Toasters
  
  
  • Conveyor Toasters
  
  
  • Toaster Ovens
  
  
  
  


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  Toast Maker Market Feature Outlook

  
  
  
  
  • Adjustable Browning Settings
  
  
  • Automatic Shut-off
  
  
  • Crumb Tray
  
  
  • Bagel Setting
  
  
  • Frozen Food Setting
  
  
  
  


• 
  

  Toast Maker Market Application Outlook

  
  
  
  
  • Residential
  
  
  • Commercial (e.g., Hotels, Restaurants, Cafes)
  
  
  
  


• 
  

  Toast Maker Market Price Range Outlook

  
  
  
  
  • Economy
  
  
  • Mid-Range
  
  
  • Premium
  
  
  
  


• 
  

  Toast Maker Market Regional Outlook

  
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa