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Waffle Maker Market Trends

Report ID: GMI12784
Published Date: Dec 2024
Report Format: PDF

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Waffle Maker Market Trends

Consumers are increasingly opting for kitchen appliances that offer multiple functions in one device, and waffle makers are no exception. Multi-purpose waffle makers that can also make pancakes, sandwiches, grilled items, or even donuts are gaining popularity. This trend is especially appealing to consumers with limited kitchen space or those looking to maximize the utility of their appliances. Brands are responding to this trend by integrating interchangeable plates or adjustable settings that allow users to prepare a wide variety of meals beyond just waffles.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for waffle maker was valued at USD 250.4 million in 2024 and is projected to reach USD 425.4 million by 2034, driven by a CAGR of over 5.5% during the forecast period, fueled by the growing popularity of waffles as a convenient breakfast and snack option.

Stovetop waffle makers held around 45% of the total market share in 2024 and are anticipated to grow at a CAGR of 5.3% during the forecast period, driven by consumer preference for traditional cooking methods and nostalgia.

The U.S. dominates the North America market with an 82% market share in 2024, driven by the strong cultural presence of waffles as a breakfast staple and the demand for quick and efficient meal preparation appliances.

Major players in the industry include All-Clad, Breville Group, Conair Corporation, Edgecraft Corporation, Hamilton Beach Brands, Krups, National Presto Industries, Newell Brands, SharkNinja, Stanley Black & Decker, Storebound, T-fal, The Metal Ware Corporation, The Middleby Corporation, and Whirlpool Corporation.