In addition, the safety aspect of this could be a big advantage. If you get it UL certified etc., then it could be marketed as a fire prevention feature. A $10 toaster can cause a $100,000 fire without even drawing enough amps to pop a breaker. If you get some insurance company to give a discount on fire insurance for using one of these, and the product could pay for itself.
Just some thoughts, best of luck!
From [1]:
> An ICSD smoke detector is composed of a housing made of polyvinylchloride or poly-styrene plastic, a small electronic alarm horn, a printed circuit board with an assortment of electronic components, and a sensing chamber and reference chamber, each containing a pair of electrodes and the radioactive source material.
[1] http://www.madehow.com/Volume-2/Smoke-Detector.html#:~:text=....
If you're going to automate toaster shutoff as you suggest, maybe do it when the toast is nicely done instead of waiting until it's almost on fire? Just a thought.