Bakeware Companies

Global Bakeware Market Overview

Bakeware Market Size was valued at USD 4.5 billion in 2022. The Bakeware market is projected to grow from USD 4.7 Billion in 2023 to USD 6.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period (2023 - 2030). The demand for bakeware products is anticipated to be driven by rising consumer awareness of healthy eating practices and shifting consumer preferences towards customized flavor and taste in snacks. The demand for bakeware products has risen significantly as a result of shifting eating preferences. The growing awareness of the health risks associated with unhealthy fried foods is another factor driving the bakeware market as it influences consumer purchasing decisions. Sales of bakeware items have increased as a result of rising concerns about consuming a healthy diet. Such market drivers are expected to drive the market growth.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Bakeware Market Trends

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  Growing Concerns Regarding Healthy Nutrition Have Boosted the Market Growth

  
  

The growing concerns regarding healthy nutrition have indeed had a significant impact on the Bakeware market revenue. As people become more health-conscious and interested in preparing their own meals, they are turning to bakeware products as essential tools for making healthy meals at home. One of the trends in healthy nutrition is the emphasis on using nutritious ingredients like whole grains, lean protein, and a variety of fruits and vegetables. Bakeware products can help people prepare these ingredients in healthy and delicious ways. For example, pizza stones are popular because they provide a crispy crust and even cooking, resulting in a better-tasting pizza with fresh and healthy toppings like vegetables and lean protein. Silicone bakeware is also popular for making healthy treats like muffins and energy bars using nutritious ingredients like whole-grain flour, nuts, and fruit.

 In addition, the popularity of bakeries has fueled a boom in the use of various bakeware tools and accessories to meet the changing needs of consumers. According to information found on the American Bankers Association website, the baking industry in the United States employs more than 800,000 skilled workers and generates an annual economic impact of more than USD 154 billion. Additionally, according to the same Product Type, bakers can be found in the districts of Columbia and Puerto Rico in all fifty states.

Additionally, the social campaigns and initiatives launched by well-known market players to increase public awareness led to new market expansion prospects. Dawn Food launched the "Called Bake it Vegan" advertising campaign in January 2021 to promote its vegan range, which includes crème cake, cookie, brownie, and muffin mixes. The campaign was started to provide bakers and caterers in the US with a variety of recipes and vegan goods. Thus, driving the market CAGR.

Bakeware Market Segment Insights

Bakeware Product Type Insights

The Bakeware market segmentation, based on Product Type, includes Cups, Tins & Trays, Pans & Dishes and Rolling Pin. Given that consumers are becoming more interested in customizable baking options for bakeries and various foodstuffs to suit their palates, the tins and trays segment is predicted to hold the largest share of the bakeware market. The fact that the tins and trays allow for customizable baking options at varying temperatures explains why they are so widely used in domestic kitchens. During the forecast period, the popularity of baking trays and tins is anticipated to remain strong due to their convenience in baking multiple items quickly and their ability to serve as a base for holding multiple items while baking.

Bakeware End Users Insights

The Bakeware market segmentation, based on End Users, includes Commercial and Household.  The commercial bakeware market held the largest market share in 2022. To prepare different baked goods for sale to customers, the commercial kitchens use a variety of bakeware tools, from muffin pans to cake moulds. The vast variety of baked dishes offered by an expanding number of bakeries and cafés has increased the demand for bakeware in commercial kitchens. In addition, the popularity of outdoor dining has accelerated the development of commercial kitchens, fueling a demand for bakeware.

Bakeware Distribution Channel Insights

The Bakeware market data has been bifurcated by Distribution Channel into Store-Based and Non-Store-Based. In 2022, the Store-Based segment's revenue share was over 80% of all revenues. Customers can benefit greatly from the Store-Based distribution channel's freedom of choice, lower costs, and prominent display of international brands. Due to the growth of the market, all these factors make this channel an ideal platform for all kinds of customers.

FIGURE 1:  BAKEWARE MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2030 (USD BILLION)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Bakeware Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Europe Bakeware market is anticipated to hold the largest share in the region and has a significant market share for bakeware products. The market is expected to grow in the coming years due to the growing trend of home baking, increased demand for convenient and time-saving products, and the rising popularity of baking as a leisure activity. The demand for eco-friendly and sustainable bakeware products is also driving the market, as consumers become more conscious of their environmental impact. Further, the Italy Bakeware market held the largest market share, and the Germany Bakeware market was the fastest growing market in the European region. 

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  BAKEWARE MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

North America Bakeware market accounts for the second-largest market share. The region's dominance is primarily attributed to important industries that provide various categories of USA-made bakeware products. The population's spending on household expenses, such as modular kitchen accessories, has also greatly increased the demand for bakeware tools, enabling new manufacturers and major market players to provide a variety of bakeware items for the convenience of their customers. As a result, these elements have influenced the North America Bakeware Market growth positively. Further, the US Bakeware market held the largest market share, and the Canada Bakeware market was the fastest growing market in region. 

The Asia-Pacific Bakeware Market is still a significant market for Bakeware. The Asia-Pacific Bakeware market is expected to grow rapidly in the coming years due to the increasing popularity of home baking and the growing demand for convenient and time-saving products. The rising disposable income of consumers in the region is also driving the market, as consumers are willing to spend more on high-quality and durable bakeware products. Further, the China Bakeware market held the largest market share, and the India Bakeware market was the fastest growing market in the Asia-Pacific region. 

Bakeware Key Market Players & Competitive Insights

The major market players are continuously focusing on product innovation, research, and market development to stay ahead in the competition. They are investing in developing advanced materials that can provide better performance and durability in bakeware industry. For instance, some companies are using non-stick coatings that are free from PFOA and PFTE, making their products safer and healthier for consumers.

Companies are also investing in digital marketing and social media to increase their brand awareness and reach a larger customer base. They are using targeted advertising and influencer marketing to promote their products and reach consumers who are interested in bakeware industry.

The Bakeware market major player such as 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), and Others.

Motiba Silicone Private Limited is a leading Indian company that specializes in the manufacture and supply of high-quality silicone products. The company was established in 1998 and is headquartered in Mumbai, India. Motiba Silicone Private Limited offers a wide range of silicone products that are used in various industries, including the automotive, medical, and food industries. The company has a state-of-the-art manufacturing facility that is equipped with the latest technology and equipment to ensure the production of high-quality silicone products. In the Bakeware segment, Motiba Silicone Private Limited offers a range of silicone bakeware products, including cake molds, muffin molds, baking mats, and pastry brushes. The bakeware products are made from high-quality food-grade silicone, which is non-toxic, odorless, and safe for use in the kitchen. The products are designed to be durable and long-lasting, and they offer superior performance compared to traditional bakeware products.

Indigo Metalware is an Indian company that specializes in the manufacture and supply of metal products for various industries. The company was founded in 1995 and is headquartered in Mumbai, India. Indigo Metalware offers a wide range of metal products, including kitchenware, cookware, and bakeware products. The company's bakeware segment includes a range of baking pans, muffin tins, baking sheets, and cake molds, among other products. The bakeware products are made from high-quality metal, such as aluminum and steel, which are durable, long-lasting, and provide even heat distribution.

Key Companies in the Bakeware market includes

• 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)


• Others

Bakeware Industry Developments

Oct 2021: Made In, a reputable D2C cookware supplier, teamed up with baking guru Nancy Silverton to create porcelain dishes that come in a variety of shapes and sizes.

Apr 2021: Caraway, a non-toxic cookware company, launched bakeware in five gorgeous colours. French porcelain dishes are available in exotic looks. The non-toxic materials used to make the bakeware, which includes non-stick pans, have a ceramic coating and are free of heavy metals.

Bakeware Market Segmentation

Bakeware Product Type Outlook

• Cups


• Tins & Trays


• Pans & Dishes


• Rolling Pin

Bakeware End Users Outlook

• Commercial


• Household

Bakeware Distribution Channel Outlook

• Store-Based


• Non-Store-Based

Bakeware Regional Outlook

• North America


• US


• Canada


• Europe


• Germany


• France


• UK


• Italy


• Spain


• Rest of Europe


• Asia-Pacific


• China


• Japan


• India


• Australia


• South Korea


• Australia


• Rest of Asia-Pacific


• Rest of the World


• Middle East


• Africa


• Latin America