Bakeware Market to See Major Growth by 2027 | Consumer Products, Indigo Metalware, Kaiser Bakeware, Reynold

The Bakeware Market: Current market is structured within the product, geographical approaches with an aims to deliver detailed outline regarding the trends and market development scenario to outpace market with relevant strategies. Food security has been and will continue to be a key driver of socio-political priorities at global, regional and national level. To drive sustainable growth, Bakeware Market: Current manufacturers need to develop strategies to enhance end users experience. A wide list of manufacturers profiling are considered in the survey like Indigo Metalware, Motiba Silicone Private Limited, Kaiser Bakeware, Reynold, Consumer Products LLC, The Oneida Group Inc., Primma G.R.A., Calphalon, LLC, USA PAN, Wonderchef Home Appliances Pvt. Ltd, Nordic Ware, etc.

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Summary
The Global Bakeware is Expected to Display a CAGR of ~5% over the forecast period (2021-2027)
A rise in disposable income, rising demand for processed and packaged food coupled with the rising number of tourists across the globe are some of the prominent factors driving the market of bakeware. Asia-Pacific had over 17 million in 2020. In comparison, the region with the second-highest number of foodservice establishments was Latin America with over 2.3 million. Moreover, per the World Bank, the total number of international tourists reached 487 million in 2019 high from 396 million in 2015. Moreover, a rise in the investment in the hospitality sector is leading to the growing number of hotels and restaurants which is gaining end-users traction, and the market is booming. As per a report by JLL, approximately USD7 billion in transactions in 2021, an increase of 20% year-on-year, up from USD 5.8 billion in 2020. Moreover, in the first half of 2021, In total, 61 hotel investment deals were transacted in the first half of the year across nine countries and representing over 10,000 rooms.

Furthermore, the increasing interest in cooking across countries is also leading to the growing demand for bakeware. As per GfK, India is the leading country with 13.2 hours in terms of the number of hours spent on clocking in a week followed by Ukraine, South Africa, Indonesia, and Italy with 13.1, 9.5, 8.3, and 7.1 hours respectively and the global cooking average is just under 6.5 hours a week.

Indigo Metalware, Motiba Silicone Private Limited, Kaiser Bakeware, Reynold, Consumer Products LLC, The Oneida Group Inc., Primma G.R.A., Calphalon, LLC, USA PAN, Wonderchef Home Appliances Pvt. Ltd, Nordic Ware, etc. are some of the prominent players operating in the Bakeware market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report
“Amongst Product Type, Tins & Trays segment holds the major share”
Based on the Product type, the market is fragmented into Cups, Tins & Trays, Pans & Dishes, Rolling Pin and Others. The tins & trays segment grabbed the major market share and dominated the market. Moreover, the market of this segment would witness the highest CAGR during the forthcoming years owing to the growing demand from homemakers and the rising number of commercial bakeries as well.

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“Amongst Material Type, Metal Bakeware segment holds the major share”
Based on the material type, the market is fragmented into glass bakeware sets and metal bakeware sets. The metal bakeware sets segment grabbed the major market share and dominated the market. The segment captured XX% market share in 2020. The segment is witnessing an uptick as the metal bakeware tends to heat up quickly and dark metal pans will bake more quickly. Metals, especially aluminum, are generally better at conducting heat: they pick up that heat but can lose it again quickly. However, the demand for glass metalware is emerging from households.

“Amongst Distribution Channel, Hypermarkets & Supermarkets segment holds the major share”
Based on the distribution channel, the market is fragmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Other. The supermarkets and hypermarkets segment grabbed the major market share and dominated the market. The key factors attributed to the growing share of the segment is the availability of numerous brands under one roof, expanding supermarkets and hypermarket chains, etc.,

“Amongst End-User, Commercial segment holds the major share”
Based on the End-User, the market is fragmented into commercial and households. The commercial segment grabbed the major market share and dominated the market. The segment captured XX% market share in 2020. However, the residential segment would witness the highest CAGR during the forthcoming years.

“Asia-Pacific represents one of the largest markets of Bakeware market”
For a better understanding of the market dynamics of the Bakeware market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific dominated the market and generated the leading revenue share in 2020 owing to the availability of Bakeware in abundance and new launches are some of the factors that are contributing to the growth of the market.

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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
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• Deep dive regional level analysis of the industry

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/3772204-bakeware-market

1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Bakeware Market
2.2. Research Methodology of the Bakeware Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the Bakeware Market Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL BAKEWARE MARKET COVID-19 IMPACT
6 GLOBAL BAKEWA

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