The countertop griddle market is experiencing steady growth, propelled by a consistent Compound Annual Growth Rate (CAGR) of 4.8% forecasted over the entire projection period. With a current valuation of US$2.4 billion in 2023, the market firmly establishes itself as a significant player, with industry analysts predicting an impressive valuation of US$3.9 billion by 2033, indicating a promising future for the industry.
Beyond the inherent appeal of griddles, it is the infusion of regional flavors and culinary preferences that lends a distinctive character to the culinary landscape. The Asia Pacific region, emerging as the fastest-growing market for countertop griddles, is seizing the culinary spotlight with enthusiasm. Embracing a dynamic culinary culture that encompasses a diverse range of cooking techniques, this region is spearheading a flavorful revolution, shaping the trajectory of the countertop griddle market.
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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 billion 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 million 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 million 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 million 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 million 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.
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Key Players:
- Lang World
- Garland Group
- Star Manufacturing International
- Vulcan
- Equipex
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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Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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