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 |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bakeware market will help companies and investors design strategic landscapes.
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.
Horizon Databook provides a detailed overview of global-level data and insights on the Global bakeware market , including forecasts for subscribers. This global databook contains high-level insights into Global bakeware market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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