“Global Cooking Spray Market to reach a market value of USD 13.6 Billion by 2031 growing at a CAGR of 5.2%”
The Global Cooking Spray Market size is expected to reach $13.6 billion by 2031, rising at a market growth of 5.2% CAGR during the forecast period.
Medium-chain triglycerides (MCTs), which are found in coconut oil, have been recognized for their numerous health benefits, including increased energy and metabolism. The distinct flavor and elevated smoke point of coconut oil render it compatible with a wide range of cooking techniques, including baking and frying. Hence, Coconut Oil Spray segment registered 1/5th revenue share in the market in 2023. Increasing demand for coconut oil as a versatile and nutritious cooking ingredient is the primary driver of this expansion. The rise of dietary trends such as keto and paleo, which often incorporate coconut oil, has further fueled the demand for coconut oil sprays. As consumers become more adventurous with their cooking and seek healthier alternatives.
The cooking spray market is experiencing a notable surge in product innovation and variety, reflecting a broader trend toward personalized and health-oriented food products. Manufacturers are capitalizing on diverse consumer preferences by introducing various flavors and formulations, enhancing the culinary experience and health benefits. One of the most significant trends is the introduction of flavored cooking sprays. Hence, the increasing demand for innovation and variety will aid in the growth of the market.
The COVID-19 pandemic has significantly altered lifestyles worldwide, one of the most profound changes being the resurgence of home cooking. As restaurants and eateries faced restrictions and closures, individuals turned to their kitchens, rediscovering the joys and challenges of meal preparation. This shift has been a boon for the cooking spray market, as these products offer convenience and health benefits that appeal to both novice and seasoned home cooks. Thus, the rising popularity of home cooking, spurred by the COVID-19 pandemic, has significantly boosted the demand for cooking sprays.
However, Cooking sprays can be significantly more expensive per use compared to bulk cooking oils, a factor that might deter cost-conscious consumers. While cooking sprays offer the convenience of controlled application and reduced mess, this convenience often comes at a premium price. A significant number of consumers, especially those with limited financial resources, may find the elevated price of cooking sprays to be a determining element. Hence, these aspects may impede the use of cooking sprays.
On the basis of type, the market is classified into vegetable oil spray, olive oil spray, coconut oil spray, butter flavored spray, baking spray, and others. The vegetable oil spray segment acquired 39% revenue share in the market in 2023. The prevalence and adaptability of this segment in diverse culinary contexts are the reasons for its dominance. Vegetable oil sprays are often made from commonly used oils like soybean, canola, or sunflower oil, making them a familiar and accessible option for many consumers.
By distribution channel, the market is divided into B2B and B2C. The B2C segment garnered 47% revenue share in the market in 2023. The B2C segment encompasses sales through retail channels, including supermarkets, grocery stores, online retailers, and specialty food stores. The accessibility and convenience of purchasing cooking sprays through these channels have contributed to their growing popularity among home cooks.
Based on end use, the market is characterized into commercial use and home use. The commercial use segment garnered 72% revenue share in the market in 2023. The commercial food service industry requires efficient and consistent cooking aids to meet the high volume and quality standards of food preparation. Cooking sprays provide a practical alternative to lubricating pans and guarantee that food does not adhere, both of which are critical factors in preserving the taste and aesthetic appeal of prepared dishes.
Free Valuable Insights: Global Cooking Spray Market size to reach USD 13.6 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 37% revenue share in the market in 2023. The primary factors contributing to this dominance are the firmly established food and beverage industry in the region as well as the considerable consumer awareness and acceptance of cooking sprays. In North America, particularly in the United States and Canada, cooking sprays have become a staple in home kitchens and commercial food establishments. The convenience, ease of use, and health benefits associated with cooking sprays have resonated well with consumers, contributing to their widespread adoption.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 9.2 Billion |
| Market size forecast in 2031 | USD 13.6 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.2% from 2024 to 2031 |
| Number of Pages | 214 |
| Number of Tables | 359 |
| 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 | Type, Distribution Channel, End Use, Region |
| Country scope |
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| Companies Included | Pompeian, Inc., Bunge Limited, Conagra Brands, Inc, The J.M Smucker Company, B&G Foods, Inc., The Hain Celestial Group, Inc., Ventura Foods, LLC (Smart Balance), Pure Wesson, Frylight (Saputo Dairy UK) |
By End Use
By Distribution Channel
By Type
By Geography
This Market size is expected to reach $13.6 billion by 2031.
Surge in Product Innovations and Variety are driving the Market in coming years, however, High Cost of Cooking Spraysrestraints the growth of the Market.
Pompeian, Inc., Bunge Limited, Conagra Brands, Inc, The J.M Smucker Company, B&G Foods, Inc., The Hain Celestial Group, Inc., Ventura Foods, LLC (Smart Balance), Pure Wesson, Frylight (Saputo Dairy UK)
The expected CAGR of this Market is 5.2% from 2023 to 2031.
The B2B segment is leading the Market by Distribution Channel in 2023, thereby, achieving a market value of $7 billion by 2031.
The North America region dominated the Market by Region in 2023; thereby, achieving a market value of $4.8 Billion by 2031.
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