Rapid increase in Bakeries and Pizzerias is expected to drive the Growth for Bakeware Market

 

There is a sudden rise in the demand for local and professional outlets of pizza, burgers, cookies, cakes, and others in various small and big cities, especially after pandemic, to fulfil the demand for baked goods among consumers, which will further boost the demand for bakeware in the market. Thus, rise in the number of newly opened pizza and bakery outlets to fulfil the growing demand for baked food products is anticipated to accelerate the growth of bakeware market.

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Data Bridge Market Research analyses that the bakeware market is expected to grow at a CAGR of 4.7% in the forecast period of 2022 to 2029 and is expected to reach USD 3,764.32 million by 2029. Moreover, the eating pattern of consumers is changing and they are more inclined towards comforts and convenience food products such as bread, cakes, biscuits, rolls, puffs and others. This ultimately increases the demand for different shapes and sizes bakeware to produce baked goods. The increase in the consumption of bakery items among consumers globally will propel the growth of the market.

Bakeware Market

Increasing demand for Non-Stick Baking Utensils is expected to drive the Market's growth rate

Nowadays people have less time for cooking, the non-stick utensils make it easy for them to cook their food fast. Non-stick cookware, which is lined with Teflon, has a frictionless surface that makes it easier to prepare food. Moreover, they are very affordable, lightweight to handle, easy to wash and provide the easiest release of foods. Due to its coating, less oil is used during cooking, making it a healthy option. As less oil is needed while preparing food on non-stick cookware and bakeware, it can reduce oil consumption by over 80%, making it a healthier choice. Moreover, non-stick pans might be considered to be more user-friendly than other forms of bakeware. As a result, these factor boost the bakeware market growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2020 - 2015)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Material (Aluminium, Steel, Glass, Ceramic, Silicon and Others), Product Type (Pans and Dishes, Tins and Teays, Cups, Rolling Pins and Others), End User (Commercial and Household), Distribution Channel (Offline and Online)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

WMF (Germany), Reynolds Consumer Products (U.S.), Instant Brands Inc. (U.S,), USA PAN (U.S.), Newell Brands (U.S.), Motiba Silicone Private Limited (India), Meyer Corporation (U.S.), Lodge Manufacturing Company (U.S.), Le Creuset UK Limited (U.K.), KAVALIERGLASS, a.s. (Czech Republic), Shandong Heishan Glass Group Co., Ltd. (China), Cookware (U.S.), ZWILLING (Germany), All-Clad (U.S.), Tramontina (Brazil)., Nordic Ware (U.S.), The Oneida Group Inc. (U,S.), Indigo Metalware (India), Wonderchef Home Appliances Pvt. Ltd (India), Kaiser Bakeware (Germany), Primma G.R.A. (Canada), Calphalon, LLC (U.S.)

Data Points Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Segment Analysis:

The global bakeware market is segmented into four notable segments, based on material, product type, end-user, and distribution channel.

  • On the basis of material, the global bakeware market is segmented into aluminum, steel, glass, ceramic, silicone, and others. In 2022, the aluminum segment is expected to dominate the global bakeware market with the highest CAGR of 5.4%.

The aluminum segment is expected to dominate the global bakeware market

In 2022, the aluminum segment is expected to dominate the global bakeware market with the highest CAGR of 5.4% in the forecast period of 2022 to 2029. The high growth of this segment is attributed to its beneficial factors such as it heats up and cools down quickly, is resistant to rust, corrosion, and is lightweight and affordable, which further boosts up its adoption rate across the market.

  • On the basis of product type, the global bakeware market is segmented into pans and dishes, tins and trays, cups, rolling pins, others. In 2022, the pans and dishes segment is expected to dominate the global bakeware market with the highest CAGR of 5.3% in the forecast period of 2022 to 2029. The high growth of this segment is attributed to the fact that it helps prepare well-browned or crispy crust food products. Also, it can be used for two purposes, baking and serving, which may raise the demand in the market.
  • On the basis of end-user, the global bakeware market is segmented into commercial and household. In 2022, the commercial segment is anticipated to dominate the global bakeware market with the highest CAGR of 4.9% in the forecast period of 2022 to 2029. This commercial segment is anticipated to dominate the global bakeware market due to the increase in baked products' digital and traditional promotional activities and an overall attraction towards baked goods.
  • On the basis of distribution channel, the global bakeware market is segmented into offline and online. In 2022, the offline segment is anticipated to dominate the global bakeware market with the highest CAGR of 4.9%.

The offline segment is anticipated to dominate the global bakeware market

In 2022, the offline segment is anticipated to dominate the global bakeware market with the highest CAGR of 4.9% in the forecast period of 2022 to 2029. The offline segment is anticipated to dominate the global bakeware market as it provides the facility to touch and feel the product. Also, people can get a personalized recommendation from the staff, and they don't need to wait for the delivery of the item, which may raise its demand in the market.

Major Players

Data Bridge Market Research recognizes the following companies as the major bakeware market players in bakeware market are WMF (Germany), Reynolds Consumer Products (U.S.), Instant Brands Inc. (U.S,), USA PAN (U.S.), Newell Brands (U.S.), Motiba Silicone Private Limited (India), Meyer Corporation (U.S.), Lodge Manufacturing Company (U.S.), Le Creuset UK Limited (U.K.), KAVALIERGLASS, a.s. (Czech Republic), Shandong Heishan Glass Group Co., Ltd. (China), Cookware (U.S.), ZWILLING (Germany), All-Clad (U.S.), Tramontina (Brazil)., Nordic Ware (U.S.), The Oneida Group Inc. (U,S.), Indigo Metalware (India), Wonderchef Home Appliances Pvt. Ltd (India), Kaiser Bakeware (Germany), Primma G.R.A. (Canada), Calphalon, LLC (U.S.).

Bakeware Market

Market Development

  • In February 2020, KAISER, a brand of WMF GmbH, has introduced a new line of silicone baking pans. The new CrispFlex collection has several benefits, including evenly crispy baking results and easy removal of cakes and muffins from the pan due to its non-stick coating. These pans are also foldable, saving a lot of storage space. As a result, the company has developed more versatile products in order to attract more customers. This product formulation increased the brand's market value and allowed the company to increase revenue.
  • In November 2021, Corelle Brands LLC announced partnering with Stone Sapphire India Pvt Ltd, a renowned distribution maverick with a wide international brand portfolio. Under this partnership, the company aims to introduce a new range of products by doubling its distribution strength. Thus the company will be able to strengthen our market presence in India.
  • In March 2021, Tramontina USA Inc. announced using Oracle to speed its data flow across the business. The company was struggling with demand and supply planning, making it impossible to estimate retailer orders and notify suppliers ahead of time. The company has chosen Oracle Fusion Cloud ERP, Oracle Supply Chain Management and Manufacturing, and Oracle Cloud Infrastructure to solve this problem. Thus, the company will be able to serve the customers more efficiently.
  • On Sep 2021, Caraway introduced a large bakeware line. Caraway has an 11-piece bakeware set and a five-piece bakeware set with everything you need. One large baking sheet, one medium baking sheet, a rectangular pan, and a muffin pan are included in the five-piece set, which costs $245. It features a magnetic fastener to keep all items in place and is made of a sturdy cloth material.
  • In March 2022, Rubbermaid Incorporated announced the launch of Rubbermaid® DuraLiteTM Bakeware, a high-end line of baking dishes that combines the best of glass and ceramic bakeware into one. The Rubbermaid DuraLite Bakeware is basically made of a revolutionary type of glass, is designed for high heat tolerance and durability, with broiler and oven-safe features of up to 5500F - 1000F higher than any glass or ceramic bakeware currently available. The dishes are extra lightweight compared to ceramic, break and chip resistant, and microwave, freezer, and dishwasher safe for added convenience.

Regional Analysis

Geographically, the countries covered in the bakeware market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in bakeware market during the forecast period

North America dominated the bakeware market owing to the increase in demand of home bakeware products and significant manufacturers in the U.S. North America will continue to dominate the bakeware market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the wide adaption of bakeware in household and commercial sector in this region.

Asia-Pacific is estimated to be the fastest growing region in bakeware market

Asia-Pacific is expected to grow during the forecast period due to the rising level of manufacturing in this region. In addition to this, increasing per-capita income are expected propel the market's growth rate in this region.

COVID-19 Impact Analysis

The outbreak of COVID-19 largely impacted the healthcare industry. The bakeware market was, however adversely affected by it.  The imposition of the lockdown and social distancing restrictions by the government to curb the COVID-19 pandemic outbreak, led to emergence of various challenges such as the halt of various operations, cancellation or postponement of various activities, stifling business growth, suspensions of new developments, further limiting the industry's expansion. This led to huge financial setback for the market growth.

On the brighter side, with surging residential demand for bakeware along with the availability of online segment aided the market growth largely. Moreover, the restrictions and measures are likely to relax, which will help market to witness a slight increment, as the manufacturers are focusing on various developments and innovations, market trends, and other expansion strategies. Thus, the bakeware market will grow at an accelerated pace post COVID-19.

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