The Global Bakeware Market size is expected to reach $5.6 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 90,693.9 thousand Units experiencing a growth of 5.4% (2019-2022).
With advancements in materials like silicone and non-stick coatings, these molds ensure easy release and maintain the intricate details of the baked goods. Therefore, the Molds segment generated $482.0 million revenue in the market in 2022. As a result, they facilitate precise shaping, allowing for consistent results and professional-quality presentations. In the ever-evolving bakeware industry, molds continue to be fundamental tools, empowering bakers to create visually appealing and delicious treats. Some of the factors impacting the market are increasing home baking and cooking trends, expansion of e-commerce industries and competition from alternative cooking methods.
As more people have turned to home baking and cooking as a creative and comforting activity, there has been a notable increase in the demand for bakeware products. Baking pans, sheets, molds, and utensils have become essential household tools. This diversification has fueled demand for multiple types of bakeware to accommodate different baking applications. The growing interest in home baking has spurred innovation in bakeware design and materials. Additionally, e-commerce platforms offer bakeware products from various brands, including well-established manufacturers and smaller, innovative companies. This has expanded consumers' access to different bakeware items, from essential baking pans to specialty tools and equipment. Online marketplaces enable consumers to access bakeware products from around the world. Therefore, these factors will drive the market growth and the trend of e-commerce-driven growth will likely continue as consumers increasingly turn to online platforms for their bakery needs, expanding the market growth.
However, Alternative cooking methods often offer quicker cooking times and greater convenience than traditional baking. Microwave ovens, for example, can quickly reheat or cook food, making them attractive options for busy individuals. Many alternative cooking methods, such as air frying, are marketed as healthier options that use less oil or fat, aligning with health-conscious consumer preferences. Alternative cooking appliances like air fryers or multi-cookers offer versatility in a compact form, saving kitchen space.
By end-user, the market is classified into commercial and household. In 2022, the commercial segment registered the largest revenue share in the market. There is a growing demand for energy-efficient pans aligning with the bakery industry's sustainability goals. In response to cater to this demand from commercial bakeries, American Pan, one of the leaders in bakeware solutions, launched innovative offerings in 2023, including ePAN Designs for Bread Tins and the SMART Pan Tracking System. The SMART Pan Tracking System provides valuable real-time insights, enabling bakeries to optimize operations, minimize waste, and boost productivity.
On the basis of the product, the market is segmented into tins & trays, cups, molds, pans & dishes, rolling pin, and others. The tins & trays segment acquired a substantial revenue share in the market in 2022. Tins and trays are designed to distribute heat evenly, ensuring that baked goods cook consistently. Long-lasting materials like stainless steel, cast iron, and anodized aluminum ensure longevity. Tins and trays come in various shapes and sizes to accommodate different recipes and culinary applications. From round and rectangular cake pans to muffin tins and baking sheets, there's a tin or tray for almost any baking need.
Based on material, the market is fragmented into stainless steel, aluminium, stoneware, carbon steel, glass, and others. In 2022, the aluminium segment held the highest revenue share in the market. Due to the high demand for aluminium bakeware due to its excellent heat conduction properties. It is also a cost-effective material, making bakeware affordable for consumers. However, natural aluminium can react with acidic foods, altering their taste and color. To counter this, manufacturers often line aluminium bakeware with non-stick coatings, anodize it, or clad it with stainless steel, mitigating the metallic taste issue.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 3.6 Billion |
| Market size forecast in 2030 | USD 5.6 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.8% from 2023 to 2030 |
| Number of Pages | 384 |
| Number of Table | 790 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Material, End-user, Region |
| Country scope |
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| Companies Included | Groupe SEB, Newell Brands, Inc., Le Creuset France SAS, Meyer Corporation, U.S. (Meyer Manufacturing Co. Ltd.), Wilton Brands LLC (Dr. August Oetker KG), Fackelmann GmbH + Co. KG, Northland Aluminum Products, Inc. (Nordic Ware), USA Pan, International Cookware Limited (Kartesia) and Emile Henry |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region covered a considerable revenue share in the market in 2022. There is a growing demand for bakeware items such as cake molds, muffin molds, pizza pans, and bread loaf pans in Asian countries, especially post-COVID-19. The rising disposable incomes and urbanization rate in many Asian countries empower consumers to invest in kitchen products, including bakeware. Furthermore, the expanding e-commerce industry and easy access to a wide range of bakeware products online are also driving market growth in Asia Pacific.
Free Valuable Insights: Global Bakeware Market size to reach USD 5.6 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Groupe SEB, Newell Brands, Inc., Le Creuset France SAS, Meyer Corporation, U.S. (Meyer Manufacturing Co. Ltd.), Wilton Brands LLC (Dr. August Oetker KG), Fackelmann GmbH + Co. KG, Northland Aluminum Products, Inc. (Nordic Ware), USA Pan, International Cookware Limited (Kartesia) and Emile Henry.
By End-user (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Product (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Material (Volume, Thousand Units, USD Billion/Million, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion/Million, 2019-2030)
This Market size is expected to reach $5.6 billion by 2030.
Increasing home baking and cooking trends are driving the Market in coming years, however, Competition from alternative cooking methods restraints the growth of the Market.
Groupe SEB, Newell Brands, Inc., Le Creuset France SAS, Meyer Corporation, U.S. (Meyer Manufacturing Co. Ltd.), Wilton Brands LLC (Dr. August Oetker KG), Fackelmann GmbH + Co. KG, Northland Aluminum Products, Inc. (Nordic Ware), USA Pan, International Cookware Limited (Kartesia) and Emile Henry.
In the year 2022, the market attained a volume of 90,693.9 thousand Units experiencing a growth of 5.4% (2019-2022).
The Pans & Dishes segment is generating the highest revenue in the Market, By Product in 2022; thereby, achieving a market value of $2.0 billion by 2030.
The Europe region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.9 billion by 2030.
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