As the global culinary landscape continues to evolve, the countertop griddle market is poised for a flavorful journey ahead. With a projected compound annual growth rate (CAGR) of 4.8% during the forecast period, this sizzling industry is currently valued at a substantial US$ 2.4 billion as of 2023. Fast forward to 2033, and experts anticipate this market to reach an impressive valuation of US$ 3.9 billion.
However, it's not just the griddles that are heating up in the culinary world; it's also the geographical preferences that are spicing things up. Enter the Asia Pacific region, which is currently stealing the spotlight as the fastest-growing market for countertop griddles. With a dynamic culinary culture that embraces a wide range of cooking techniques, this region is igniting a culinary revolution.
But the intrigue doesn't stop there. Asia Pacific is also making waves in the café industry, holding the prestigious title of the fastest-growing café market. This caffeinated ascent is projected to continue with a robust CAGR of approximately 10.3% during the forecast period, boasting a current valuation of a staggering US$ 120,600 million.
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The demand for countertop griddles is rising as they are more practical and convenient to use as they don’t need to be checked for temperature, has charcoal added, or deal with smoke. Additionally, the device offers clients the advantages they desire, such as using countertop griddles at home for patio parties, outdoor barbecues, and other outdoor gatherings.
Countertop griddles are utilized in business settings like hotels and restaurants to prepare many meals and are seeing market expansion due to technological advancements. Different types of griddles, including those that are flat, chrome-finished, grooved, or double-sided, are offered by producers on the market. Additionally, new features connected to electric countertop griddles are anticipated to aid businesses in competing in the international market. For greater productivity in its electric countertop griddles, the Vulcan company, for instance, provides quick recovery, IRX infrared burner technology, and composite griddle plates.
Key Takeaways from Countertop Griddle Market:
- By type, the countertop electric griddle segment dominated the market with a CAGR of 4.9% during the forecast period.
- By material, the steel segment is anticipated to dominate the market with a CAGR of 4.4% during the forecast period.
- The U.S. is anticipated to lead the countertop griddle market with a share of US$ 1.3 Bn by 2033, growing at a CAGR of 4% during the forecast period.
- The U.K. countertop griddle market is anticipated to be valued at US$ 151.1 Mn by 2033, growing at a CAGR of 3.1% during the forecast period.
- China’s countertop griddle market is anticipated to be valued at US$ 262.8 Mn by 2033, growing at a CAGR of 3.9% during the forecast period.
- Japan’s countertop griddle market is anticipated to be valued at US$ 210.2 Mn by 2033, growing at a CAGR of 2.8% during the forecast period.
- South Korea countertop griddle market is anticipated to be valued at US$ 120.9 Mn by 2033, growing at a CAGR of 1.8% during the forecast period.
Who is Winning?
Players in the market are focusing more on the countertop griddle’s thickness and control type since these factors contribute to operational effectiveness and temperature uniformity. The countertop griddle manufacturers provide several griddle plates with thicknesses of 1 inch, 1 1/2 inches, or more.
Manufacturers on the market provide flat or grooved countertop griddles with polished or chrome-plated surfaces. The flat countertop griddles are primarily used to give dependability and continuous performance. Some manufacturers provide griddles with grooves that create score marks; the extra grease is then directed into a grease trough.
Key Players:
- Lang World
- Garland Group
- Star Manufacturing International
- Vulcan
- Equipex
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Countertop Griddle Market Segmentation:
By Type:
- Countertop Electric Griddle
- Countertop Gas Griddle
By Application:
- Hotel and Restaurant,
- Bakery Stores
- Other Applications
By Material:
- Steel
- Rapid Recovery Composite
- Chrome
By Sales Channel:
- Direct Sales
- Retail Sales
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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