According to a new report, published by KBV research, The Global Toaster Market size is expected to reach $5.4 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 38,895.3 thousand units, experiencing a growth of 5% (2019-2022).
The Conveyor segment is anticipating a CAGR of 5.8% during (2023 - 2030). Conveyor toasters are widely used in commercial kitchens and restaurants with a high demand for toasted items, such as bread slices, buns, or bagels, during busy breakfast hours. The continuous conveyor system allows for efficient and rapid toasting of large quantities. Cafeterias and buffet-style restaurants often utilize conveyor toasters to provide quick and continuous toasting for various bread products. The adjustable conveyor speed allows for customization based on the specific toasting requirements. In conclusion, the use of conveyor toasters in food outlets is driving the demand of segment.
The Offline segment is leading the Global Toaster Market, By Distribution Channel in 2022; thereby, achieving a market value of $3.1 billion by 2030. Offline retailers, including appliance and department stores, provide consumers with immediate gratification. Customers can purchase a toaster and take it home on the same day. Physically inspecting a toaster in-store allows consumers to assess the build quality, material, and overall construction. This hands-on approach gives them confidence in the product's quality before purchasing.
The Commercial segment is registering a CAGR of 6% during (2023 - 2030). Commercial toasters offer rapid and efficient toasting, meeting the demands of quick-service restaurants, cafes, and other establishments where speed is essential for customer satisfaction. In commercial settings like food trucks, convenience stores, and airport cafes, toasters provide a convenient solution for offering freshly toasted items that can be quickly prepared and consumed by customers on the go. Therefore, the expansion of cafes and restaurants is propelling the growth of the segment.
Full Report: https://www.kbvresearch.com/toaster-market/
The Asia Pacific region dominated the Global Toaster Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.9 billion by 2030. The Europe region is experiencing a CAGR of 4.6% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 4.8% during (2023 - 2030).
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
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