The growing popularity of waffles among consumers and other major driving factors is expected to favor the rise in the global waffle maker market
Reports and Insights has published a new report titled, “Waffle Maker Market: Opportunity Analysis and Future Assessment 2022-2030”
Global Waffle Maker Market, By Product (Stove-Top Waffle Irons, Classic Round Waffle Makers, Square Belgian Waffle Makers, Round Belgian Waffle Makers, Others), By Size (Small Size (2 Squares) Waffle Makers, Large Size (4 Squares) Waffle Makers), By Material (Stainless Steel Waffle Makers, Plastic Waffle Makers, Aluminum Waffle Makers, Cast-iron Waffle Makers, Non-stick Waffle Makers, Others Waffle Makers), By End Use (Residential Waffle Makers, Commercial Waffle Makers (Hotels & Restaurants, Ice-Cream Parlors, Catering Industry, Others), By Price Range (Under US$ 20 Waffle Makers, US$ 20-100 Waffle Makers, US$ 100 and Above Waffle Makers), By Sales Channel (Wholesalers/ Distributors, Supermarkets/ Hypermarkets, Specialty Stores, Multi-brand Stores, Independent Small Stores, Online Retailers, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The waffle maker market is expected to reach at a value of US$ 349.6 Mn by 2030 end at a CAGR of 8.5%.
Waffles, a cake-like food made from leavened batter poured between two hot, patterned plates, are considered a staple breakfast food among the consumers in western countries such as the United States and Canada. In recent years, waffles are gaining enormous traction among the population and resultantly, becoming a mainstream breakfast item all across the world. Such factors are primarily driving the demand of waffle makers all across the global markets.
Waffle maker is a cooking appliance that majorly serves to prepare various kinds of waffles, as it applies heat from both sides of the batter for cooking at a faster pace. In addition to that, apart from waffles, some other common food items which can be prepared in a waffle maker comprise cinnamon rolls, brownies, quesadillas, and cornbread.
Waffle makers enable cooking as per the individual needs as it is available in different models and several different features. Owing to which, the global waffle maker market is projected to witness sign giant growth in the following years. In the same manner, the growing integration of the value-added attributes in the waffle makers is further improving the efficiency of the waffle makers across the global markets and making available better-quality products among the consumers. For instance, waffle makers, nowadays, are available with easy to clean properties along with additional features such as timers, temperature control, and removable plates. Therefore, the global waffle maker market is estimated to grow considerably over the coming years.