Bakeware Market Research Report- Forecast till 2027

Bakeware Market Research Report- Forecast till 2027

Market Overview

As per the MRFR analysis, the market for bakeware is anticipated to grow at a CAGR of 5.60 percent and reach a sizeable value of USD 6,140,05 million by the end of 2027. Bakeware is any type of tool or equipment used to create baked goods, such as bowls, plates, tins, movable pins, molds, and others. To support the temperature of prepared food, bakeware must be heat-resistant. Customers want durable bakeware goods. The amount of food that sticks to the bakeware while heating is another important feature that customers consider when choosing bakeware.

The market for bakeware has grown rapidly over the past few years and is anticipated to increase at a CAGR of 5.60% during the coming years. The bakeware market is expanding due to the rise of commercial bakeries and the rising popularity of non-stick cookware. However, it is anticipated that the growing tendency of eating out may impede the expansion of the market for bakeware globally. In addition, it is anticipated that the Covid-19 lockdown and the rising popularity of home cooking and baking will provide a lucrative potential for the market.

Segment Overview

Cups, tins & trays, pans & dishes, rolling pins, and other items make up the product type. The market is divided into commercial and home segments based on end users. Based on distribution channels, the market for bakeware is divided into store-based and non-store-based segments.

Regional Analysis

North America, Europe, Asia-Pacific, and the Rest of the World are the regions into which the worldwide bakeware market study has been divided. In 2020, Europe held the greatest market share (32.31%); by 2027, it is expected to reach up to USD 1,917.54 million, growing at a CAGR of 4.85%. By 2027, Asia-Pacific is anticipated to grow at a healthy CAGR of 7.16%.

North America had a market worth USD 1,327.77 million in 2020 and is anticipated to grow at a CAGR of 4.9 percent over the next five years. Due to the rapid expansion of industrial bakeries in the region, North America is the second-largest market for bakeware worldwide. North America is of the second biggest market for the worldwide bakeware market attributable to the hearty development of business bread shops in the area.

Europe represented a market size of USD 1,358.46 million in 2020 and is supposed to show a CAGR of 4.85% during the conjecture time frame. The essential driver for the development of the bakeware market in the European nations is the rising interest in heated items, for example, bread containing entire grain, high in fiber, without gluten, or sound and sustained bread.

Major Players

The key players in the global Bakeware market are WMF Group (Germany), Calphalon (U.S.), Oneida Group (U.S.), Reynolds Consumer Products (U.S.), Nordic Ware (U.S.), USA Pan (U.S.), Motiba Silicone (India), Indigo Metalware (India), and Wonderchef Kitchenware (India).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

WMF Group (Germany)
Calphalon (U.S.)
Oneida Group (U.S.)
Reynolds Consumer Products (U.S.)
Nordic Ware (U.S.)
USA Pan (U.S.)
Motiba Silicone (India)
Indigo Metalware (India)
and Wonderchef Kitchenware (India)

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