Global Bakeware Market Size & Outlook, 2023-2030
Global bakeware market, 2018-2030 (US$M)
Related Markets
Global bakeware market highlights
- The global bakeware market generated a revenue of USD 3,895.1 million in 2023 and is expected to reach USD 5,888.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.1% by 2030.
- In terms of segment, pans & dishes accounted for a revenue of USD 1,481.7 million in 2023.
- Molds is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,895.1 million |
| Market revenue in 2030 | USD 5,888.8 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Pans & dishes |
| Fastest growing segment | Molds |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tins & Trays, Cups, Molds, Pans & Dishes, Rolling Pin |
Other key industry trends
- In terms of revenue, the North America accounted for 28.0% of the global bakeware market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 152.9 million by 2030.
Pans & dishes was the largest segment with a revenue share of 38.04% in 2023. Horizon Databook has segmented the Global bakeware market based on tins & trays, cups, molds, pans & dishes, rolling pin covering the revenue growth of each sub-segment from 2018 to 2030.
The increased interest in home baking, triggered by the COVID-19 lockdown and sustained by changing consumer preferences, is a key driver for the bakeware market. According to the International Houseware Association, the lockdown during the COVID-19 pandemic created a significant surge in baking activities, driving the entry of companies into the bakeware market, especially in European countries such as Germany, the U.K., and France.
With people spending more time at home due to the lockdown and in the post-COVID-19 period, there has been a noticeable increase in home baking. More individuals are experimenting with new recipes and techniques, leading to a higher demand for bakeware products. Moreover, the sustained interest in baking has led to innovations and diversification within the bakeware market, introducing new materials, designs, and functionalities.
This diversity attracts more customers, providing growth opportunities for both established and new companies. The changing consumer behavior and preference for homemade, freshly baked goods ensures a continuous market demand, making it an attractive prospect for entrepreneurs and existing companies seeking to enter the bakeware market.
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Bakeware Market Scope
Bakeware Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global bakeware market size, by regions, 2018-2030 (US$M)
Top 10 countries: Bakeware market size, 2023 (US$M)
Global bakeware market share, by product, 2023 & 2030 (%, US$M)
Bakeware market: Opportunity assessment by country
Global bakeware market, by region, 2023 (US$M)
Related regional statistics
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