The growth of retail sectors and commercial bakers is driving the Global Bakeware Market.
Covid-19 Impact & Market Status
Initially, the bakery market faced a downward trend due to the impact of COVID-19. This was due to lockdown, the export and import of goods stopped. This caused the distribution channel to pause its work. Many companies faced a reduction in their sales. But during the lockdown, people started to explore more activities and cooking was one of the top activities that people started practicing. This increased the demand for bakeware.
Hence, the global bakeware market showed an exponential rise. This increased production and distribution channels. Also, people highly demanded decorative bakewares like decorative cups, spoons, ramekins, etc. Currently, decorative bakewares are popular due to their unique aesthetics and non-sticky feature. Also, they come in different appealing shapes and sizes.
Decorative Bakeware products are dominating the global bakeware market.
The sales of decorative bakeware products are highly increasing. These include decorative casserole, ramekins, measuring cups, spoons, mixing bowls, and much more. These products are appealing and give a unique presentation to the bakery products. This increases the demand for decorative bakeware.
But their sale is somehow limited due to their high price. The decorative bakewares are mostly expensive than the ordinary ones. Also, people are avoiding plastic for waste management. Disposable materials are highly in demand. These factors decline the growth of decorative bakeware.
As nuclear families are increasing, the bakeware market gets an opportunity to expand with the production of enhanced products like non-stick utensils.
The commercial bakers are expanding their market with the involvement of new and customized products that are of high quality and help them to prepare quality products. In this busy life, ready-to-eat food and bakery products are in high demand. They serve people with sufficient energy and are time-saving. High-quality products are required to meet the requirements. This requires insurance from the utensils manufacturing department also. The non-sticky utensils for the production of the bakery have made the task efficient and fast, with zero compromises on presentation and quality.
There is an increase in demand for bakeware with various requirements like heat-resistance quality, non-sticky products, dishes, and trays with varying shapes and sizes. This helps in making bakery products of different shapes and sizes. The quality of the bakeware should be good enough to preserve the quality and aesthetics of the food.
The compound annual growth rate (CAGR) is expected to be 7.7% with increased market size of USD 14.42 billion by 2028
As nuclear families are increasing, there is an increase in demand for bakeware products. This is because each family now wants a unique and separate bakeware product. The bakeware product requirement, i.e., shape, type, size, etc., is different for different families. This has increased the overall sales of bakeware products.
Europe and America have shown significant contributions to increase the sales of the global bakeware market. Asia and Africa are also involved in this. As per observation, females play an important role when it comes to increasing the revenue of the global bakeware market. This is because, in a majority of households, women take care of the kitchen accessories and cooking. Hence, they maintain the bakeware and other utensils.
Though some factors decline the use of bakeware products. There is an increase in the rate of people who prefer dining out or taking takeaways. This helps them to keep pace with their busy schedule. Hence, they prefer take-outs. Also, people are taking waste management seriously. This is precisely why end-users are consciously avoiding plastic reliance as far as practicable. Many bakeware items are made-up of plastic. Hence, people are avoiding their purchases. This in turn is negatively reflecting on the overall adoption of bakeware items.
Overall, the global bakeware market is rising as many people love cooking and are always ready for innovative cooking techniques that will make their items appealing.
The major players of the global bakeware market are Indigo Metalware, USA PAN, Kaiser Bakeware, Nordic Ware, Calphalon LLC, Motiba Silicone Private Limited, Reynolds Consumer Products LLC, Primma G.R.A., The Oneida Group Inc., Wonderchef Home Appliances Pvt. Ltd., Love Cooking Company, Pme Arts Crafts, Victorian Epicure Incepicure Selections, Good Luck Bakery Machines, and Knightsbridge Bakeware Centre.
For the development and progress of the global bakeware market, the key segments to be noted are identifying trends of purchase, price analysis, plans for marketing, competitive analysis, target market research, and analysis.
Latest Innovations in the Global Bakeware Market: a Snapshot
- Bundy Baking Solutions is increasing the sales of bakeware by offering these products for local purchase.
- Cast-iron non-sticky bakewares are the leading choice among all other materials.
- LeEco Bakeware celebrates its comeback in the global bakeware market with the launch of Induction Cooker with dual-burner having multiple functionalities.
Bakeware Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 14.42 billion|
|Growth Rate||CAGR of 7.7% during 2021-2028|
|Segment Covered||Product Type, End-User, Distribution Channel, Material Type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Indigo Metalware, USA PAN, Kaiser Bakeware, Nordic Ware, Calphalon LLC, Motiba Silicone Private Limited, Reynolds Consumer Products LLC, Primma G.R.A., The Oneida Group Inc., Wonderchef Home Appliances Pvt. Ltd., Love Cooking Company, Pme Arts Crafts, Victorian Epicure Incepicure Selections, Good Luck Bakery Machines, and Knightsbridge Bakeware Centre.|
Key Segments of the Global Bakeware Market
Product Type Overview, 2018-2028 (USD Billion)
- Tins and Trays
- Decorative Casserole
- Decorative Ramekins
- Decorating Measuring Cups
- Mixing Bowls
- Rolling Pin
End-User Overview, 2018-2028 (USD Billion)
Distribution Channel Overview, 2018-2028 (USD Billion)
- Supermarkets and Hypermarkets
- Convenience Stores
- Non-Store Based
Material Type Overview, 2018-2028 (USD Billion)
- Stainless Steel
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa