Bakeware Market Research Report - Global Forecast till 2027

Global Bakeware Market Research Report: Information By Product Type (Cups, Tins & Trays, Pans & Dishes, Rolling Pin and Others), End-User (Commercial and Household), Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Convenience Stores and Others} and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/CR/8917-HCR | February 2021 | Region: Global | 90 pages

Market Scenario


Global Bakeware Market size is expected to cross USD 11 Billion by 2027 at a CAGR of 4.5% during the forecast period of 2020 to 2027. It is a highly competitive market, with key industry players adopting various strategies such as product launches, partnerships, and expansions to strengthen their market positions. Most companies in the market are focused on expanding operations across the globe, augmenting their capabilities, and building strong partner relationships. Key players are taking steps toward business expansions and entering untapped markets, thereby increasing their customer base. The regional and global players may strengthen their presence globally through acquisitions during the review period.


Market Synopsis


Bakeware refers to various equipment or instruments such as dishes, trays, tins, rolling pins, molds, and others used to prepare baked products. The bakeware market is projected to register a steady CAGR during the forecast period. The major factors driving the market growth are the growth of commercial bakeries, coupled with rising demand for ready-to-eat/convenience food. The growing trend of using customized bakeware and the shifting inclination towards non-stick bakeware are expected to create lucrative opportunities for the vendors active in the global market. However, the ban on plastic use in various countries is restricting the growth of the global bakeware market.


Market USP


Surging Demand for Baked Products


Market Drivers



  • Growth of commercial bakeries: The bakery industry across the globe is experiencing robust growth, thus emerging lucrative for commercial bakeries. This growth is primarily driven by rapidly evolving consumer preferences for product varieties in terms of taste, flavors, and freshness. In mature markets, the growth is primarily driven by changing lifestyles and increasing demand for comfort food. Europe and North America are the major markets for commercial bakeries, where the bakery industry is generating maximum revenues. However, Asia--Pacific is anticipated to be the fastest-growing region for revenue generation. According to MRFR analysis, the growing bakery industry was worth over USD 471 billion in 2019 and is expected to grow by over 6% for the next couple of years. Hence, growth of the commercial bakeries is boosting the sale of bakeware and is expected to continue to do so during the forecast period.

  • Increasing number of nuclear families

  • Growth of the organized retail sector in emerging economies

  • Launch of non-stick baking utensils


Market Restraint



  • Ban on plastic use

  • Rising trend of dining out


Segmentation


By Product Type



  • Cups

  • Tins & Trays: The segment accounted for the largest revenue share in 2019 and is expected to maintain its dominance during the forecast period. Baking tins and trays are an important utensil used in baking. They function as the holding base for any baking product that is baked in an oven. The specificity and material used to manufacture baking tins and trays is very crucial, as they must be able to tolerate fluctuating baking temperatures, and hence are highly-priced as well.

  • Pans & Dishes

  • Rolling Pin

  • Others


By End-User



  • Commercial: The commercial segment accounted for a larger market share in 2019 and is expected to register a higher CAGR during the forecast period. The segment’s dominance and growth can be attributed to the developing commercial bakeries and their frequent usage of bakeware. The rising adoption of dine-in experience amongst the population has led to an increased footfall in commercial bakeries and cafes. Owing to this, the demand for bakeware in the commercial sector is higher.

  • Household


By Distribution Channel



  • Store-Based: 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 on 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.

  • Non-Store-Based


By Region



  • North America

  • Europe

  • Asia-Pacific: Asia-Pacific is projected to gain the lion’s share in the global bakeware market and register a notable CAGR during the forecast period. India, China, and Thailand are among the major markets contributing to the regional market growth. Moreover, the expanding organized retail sector in the emerging economies of Asia-Pacific is also expected to augment the growth of the bakeware market during the forecast period.

  • Rest of the World


Key Players



  • Motiba Silicone Private Limited (India)

  • Indigo Metalware (India)

  • Kaiser Bakeware (Germany)

  • Reynolds Consumer Products LLC (US)

  • The Oneida Group Inc. (US)

  • Primma G.R.A. (Canada)

  • Calphalon, LLC (US)

  • USA PAN (US)

  • Wonderchef Home Appliances Pvt. Ltd (India)

  • Nordic Ware (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 11 Billion
  CAGR   4.5% (2020 to 2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, End-User and Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Motiba Silicone Private Limited (India), Indigo Metalware (India), Kaiser Bakeware (Germany), Reynolds Consumer Products LLC (US), The Oneida Group Inc. (US), Primma G.R.A. (Canada), Calphalon, LLC (US), USA PAN (US), Wonderchef Home Appliances Pvt. Ltd (India), Nordic Ware (US)
  Key Market Opportunities

  • The major factors driving the market growth are the growth of commercial bakeries, coupled with rising demand for ready-to-eat/convenience food
  • The growing trend of using customized bakeware and the shifting inclination towards non-stick bakeware are expected to create lucrative opportunities for the vendors active in the global market.
  •   Key Market Drivers

  • Growth of commercial bakeries
  • Increasing number of nuclear families
  • Growth of the organized retail sector in emerging economies


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