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In 2023, key companies including Cuisinart, Hamilton Beach Brands, Inc., Chefman, Nordic Ware, and West Bend, held a combined market share of 25-30%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
These companies are channeling significant investments into research and development, aiming to craft innovative egg boilers that align with the evolving demands of consumers. Competitive strategies are heavily centered on product differentiation. Manufacturers are not only enhancing their products with distinctive features but are also venturing into new geographic territories to seize emerging opportunities. In this ever-evolving landscape, those who adeptly innovate and stay attuned to market trends stand to gain a significant edge.
Major players operating in the egg boiler industry are:
The global egg boiler market was valued at USD 278.6 million in 2023 and is estimated to grow at a CAGR of over 6.1% from 2024 to 2032, driven by increased home cooking and meal preparation during the COVID-19 pandemic.
The U.S. egg boiler market was valued at USD 64.7 million in 2023 and is estimated to grow at a CAGR of over 6.6% from 2024 to 2032, driven by a strong consumer base and high demand for efficient kitchen solutions.
The mechanical control segment recorded revenues of around USD 181.1 million in 2023 and is expected to grow at a CAGR of around 5.9% from 2024 to 2032 due to their straightforward design and efficiency in boiling multiple eggs.
Key players in the industry include AGARO, Borosil, Cuisinart, Chefman, ChefsChoice, Dash, Glen Appliances Pvt. Ltd., Hamilton Beach Brands, Inc., Kent, and Krups.