PUBLISHER: Allied Market Research | PRODUCT CODE: 1193207
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193207
The global ovenware market was valued at $1.1 billion in 2021, and is projected to reach $2 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. Ovenware is used to make food in the oven and serve them. They are made of materials that can resist heat, so the product will last long. Ovenware made with aluminium is primarily used more as they pass heat well and is economical but many consumers also purchase the ones made with stainless steel as they are durable and inexpensive. As per an article by the government of Canada, stainless steel is the most popular material used for cookware manufacturing. There are also factors such as the looks and health benefits of baked food coupled with adverse health effects of fried foods, which drive the ovenware market.
The ovenware market witnessed a severe positive impact owing to the COVID-19 pandemic. Sales of ovenware used by households are attributed to the rise in interest of people in cooking and baking. There has been a negative impact on the commercial segment as there has been a proper shutdown of hotels, restaurants, and food chains. This was attributed to the fact that people have ample time to adopt new hobbies, which resulted as the driver for the market as people started cooking and baking as a hobby. The rising popularity of ovenware in almost every region, owing to the adoption of baking as a hobby coupled with the taste and health benefits baked food offers, is expected to drive the ovenware market growth. This rising population coupled with the rapid rate of urbanization, is also expected to boost the market demand.
The proliferation of e-commerce in the field of ovenwares is expected to boost the market growth. Many manufacturers are opening their own e-commerce sites and are offering several discounts and offers, which attract many consumers to purchase ovenware online. Further enhancements in online shopping experiences of customers for ovenwares propel the market growth.
The ovenware market is segmented based on type, materials, end user, distribution channel, and region. By type, the ovenware market is classified into baking sheets, loaf pans, cake pans, muffin pans, pizza pans, and others. Depending on the material, the market is categorized into stainless steel, copper, aluminium, and plastic &nonstick coatings. By end user, it is categorized into commercial and household. By distribution channel, it is divided into offline and online. By region, the market is analyzed in North America, Europe, Asia Pacific, and LAMEA.
Some of the major players analyzed in this report are Fissler GmbH, Groupe SEB, Meyer Corporation, Motiba Silicone Pvt. Ltd., Nordic Ware, The Vollrath Company, LLC., Tramontina, USA PAN, Vinod Cookware, and Wilh. Werhahn KG.
Key Benefits For Stakeholders
By Type
By Material
By End-Users
By Distribution Channel
By Region