Bakeware Market Size is Expected to Reach USD 6.5 Billion By 2030

Market Research Future has published a report on the Global Bakeware market, 2022–2030. The global Bakeware market is projected to exhibit a CAGR of 5.6% during the forecast period of 2022 to 2030.

Market Highlights

The global Bakeware market is projected to be valued at USD 6.5 billion by 2030, recording a CAGR of 5.6% during the forecast period. The growth of commercial bakeries and the launch of non-stick baking utensils are some of the major factors driving the market's growth. Also, the rising demand from consumers for bakery products boosts the growth of the Bakeware market. The growing trend of home cooking/baking creates growth opportunities for the market in the coming years. However, the rising trend of dining out is restricting the growth of the market.

Market Research Future has recognized the following companies as the key players in the global Bakeware market: Calphalon  (U.S.), Reynolds Consumer Products (U.S.), Nordic Ware (U.S.), USA Pan (U.S.), Oneida Group (U.S.), Motiba Silicone (India), Indigo Metalware (India), WMF Group (Germany), Primma (Canada), and Wonderchef Kitchenware (Inida),.

Segmental Analysis

The global Bakeware market has been segmented based on product type, end-use, distribution channel, and region.

The product type has been divided into cups, tin & trays, pans & dishes, rolling pin, and others. The cups segment accounted for a market size of USD 1,211.25 million in 2020 and are expected to exhibit a CAGR of 5.02% during the forecast period. Cups used for baking are selected on the basis of its features such as reusability, choice of materials, heat limits, size, design, safety, and ease of handling. Many companies across the globe offer exclusive BPA-free silicone baking cups that incorporate a range of sizes and designs to give consumers to choose between options depending on their use. Many manufacturers also include heat ratings so as to make an informed decision and highlight where people might have trouble cleaning certain cups because of their unique designs or shapes.

The global bakeware market on the basis of end-users is segmented into commercial and household. The household segment accounted for a market size of USD 2,772.84 million in 2020 and are expected to exhibit a CAGR of 6.05% during the forecast period. The household end-user segment is expected to see significant growth owing to the rising interest among housewives to bake a variety of food items such as cakes, muffins, pizzas, etc. Budget friendly and robust products with high quality life are preferred choices by the household consumers. Many manufacturers are therefore focused on catering to such needs and hence the competition for the larger market share is in full force and the market is expected to see growth in the years to come.

The global bakeware market on the basis of distribution channel is segmented into store-based and non-store based. The store-based segment accounted for a market size of USD 3436.54 million in 2020 and are expected to exhibit a CAGR of 5.50% during the forecast period. In 2019, the store-based segment garnered a larger market share. The segment has been further divided into supermarkets and hypermarkets, convenience stores, and others. The supermarkets and hypermarkets sub-segment is expected to be the largest as these channels account for the maximum sales of bakeware. Key manufacturers of bakeware emphasize promotional activities at different brick and mortar stores to increase product visibility and reach, resulting in the growth of the segment. Consumers prefer store-based channels as they provide a one-stop shopping experience.

Regional Analysis

On the basis of region, the global Bakeware market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. Europe accounted for the largest market share of 32.31% in 2020 and is anticipated to reach up to USD 1,917.54 million by 2027 at a CAGR of 4.85% during the forecast period. However, Asia-Pacific is projected to register the highest CAGR of 7.16%, reaching up to a market share of 26.80% by 2027. North America accounted for a market size of USD 1,327.77million in 2020 and is expected to exhibit a CAGR of 4.99% during the forecast period. North America constitutes of second largest market for the global bakeware market owing to the robust growth of commercial bakeries in the region. This growth is primarily driven by rapidly evolving consumer preferences for product varieties in terms of taste, flavors, and freshness. In the North American region the market sees significant growth primarily driven by changing lifestyles and rising demand for comfort food. North America is one of the major markets for commercial bakeries, where the bakery industry is generating maximum revenues. Growing commercial end users is one of the key factors for the growth of the market in the North American region.

Key Findings of the Study:

• The global bakeware market is projected to register a growth rate of 5.6% from 2022 to 2030.


• The pans & dishes segment is expected to exhibit the highest CAGR of 7.25% during the forecast period whereas the others segment contributed the largest market size of USD 1,690.63 million in 2020.


• The household segment accounted for a market size of USD 2,772.84 million in 2020 and is expected to exhibit a CAGR of 6.05% during the forecast period.


• Store-based accounted for a market size of USD 3,436.54 million in 2020 and the Non-Store-based segment is expected to exhibit a CAGR of 6.05% during the forecast period.