A baking pan, also known as a baking sheet, baking tray, or baking pan, is a rectangular, flat pan that is used in an oven to bake a variety of items, including bread rolls, pastries, cakes, muffins, cookies, pizza, and other bakery goods. The growth of the baking pan market will be fueled by the rise in demand for bakery goods brought on by improvements in the quality of such goods as well as the convenience of ready-to-eat foods. The need for baking pans will rise as more people bake their cakes, muffins, cookies, and biscuits at home. Additionally, artisanal bread is becoming increasingly popular, and it's created with premium ingredients and specific baking pans that aren't typically found in homes. The specialist baking pans market category is expanding as a result of this. The demand for bakery goods will be impacted by the health issues associated with bakery items, limiting the market for baking pans from expanding.
The recession is expected to affect the baking pans business negatively. During a recession, businesses of all sizes experience declining sales and earnings. They can also restrict access to financing, hinder collections, and encourage business bankruptcy. While recessions can affect businesses differently, some difficulties are anticipated based on the nature and scale of the company. A Fortune 500 company might minimise costs by eliminating positions and negotiating better terms with suppliers, whereas a small consulting firm might encounter cash flow concerns as clients put off paying invoices. Recessions can limit loan availability, hinder collections, and lead to corporate bankruptcies. Many of the same economic risks that larger companies face also apply to smaller ones, but because of their smaller scale, they are more vulnerable and run a higher chance of failing during a downturn.
Rising Popularity of Bakery Products to Promote Market Growth
Customers are looking for baking pans because they are worried about the health risks associated with unhealthy fried foods. Sales of baking pans have increased along with customer concerns about eating healthier. The growing demand for ready-to-eat convenience foods is driving the industry for baking pans. The number of commercial bakeries has grown dramatically in recent years, and the baking profession has gained popularity because it requires good artistic work and is a very lucrative business. The majority of bakery goods are made freshly and have a delicious flavour. Since baking is a very lucrative sector, many people have chosen to pursue it as a career; this is a key element in expanding the worldwide baking pans market.
Rising Health Concerns Among Comsumers to Limit Market Growth
Growing opposition to Teflon's detrimental consequences, including the production of poisonous fumes during overheating and bad health effects from prolonged exposure, is anticipated to limit market expansion of baking pans to some extent throughout the projection period. Additionally, baking pans cannot be used in ovens or at high temperatures and can easily be damaged by using metal utensils. These factors may restrict their use and significantly slow market expansion in the future. Furthermore, the demand for bakery goods will be impacted by health concerns surrounding them, limiting the market growth for baking pans.
Based on type, the baking pans market is segmented into metal baking pans, glass baking pans, ceramic baking pans, silicone baking pans and other. The metal baking pans category dominated the market in 2022. For baking different food products like bread, cakes, pastries, and other baked goods, the bakery business uses metal baking pans. The bottom of a baking tin is covered with a thin metal sheet made of aluminum or steel during baking. The metal aids in heat conduction and reflects some of it, which helps the food product develop an even brown crust. Besides, the ceramic baking pans category held the significant share. Clay that has been shaped and fired is used to make ceramic baking dishes. The majority of ceramic pans have an enamel or nonstick finish on them. Cast iron, copper, aluminum, stainless steel, and other materials are used to make ceramic baking pans.
Based on application, the baking pans market is segmented into hotel, restaurant, café, residential and other. The hotel category dominated the market in 2022. The increase has aided the expansion of this industry in hotels and eateries across the globe. Over the coming years, this development is projected to increase product demand. Besides, the residential sector made up a sizeable portion of the market due to an increase in the use of nonstick baking ware by home chefs who favour these products for a variety of reasons, including their ease of cleaning capabilities and high durability when compared to other cookware products like frying pans or saucepans, etc., used in homes or businesses, respectively, as well as other factors like cost-effectiveness, etc.
Asia Pacific is projected to hold the largest share of the baking pans market over the forecast period. Due to rising consumer awareness of baking recipes, food preparation methods, and flavors among consumers from various nations, such as China, Japan, India, and Indonesia, the area is predicted to maintain its dominance over the projection period. Additionally, it is projected that increasing disposable income levels will increase the need for practical culinary appliances like baking pans in this region. On the other hand, Europe baking pans market is anticipated to grow significantly due to their increasing popularity among customers in Italy, Germany, France, and Spain as well as their ease of preparation and high nutritional value, baked goods such as bread and pizzas assist consumers avoid gaining weight, which contributes to better digestive system function. Throughout the forecast period, this factor is anticipated to increase regional product demand.
LIST OF KEY COMPANIES PROFILED:
- Bundy Baking Solutions
- Royal Albert
- Crate and Barrel
- WMF Group GmbH
- Nordic Ware
- Silicone Zone
- Universal Industries
|Market Size in 2022||USD 1.1 Billion|
|Market Forecast in 2030||USD 1.57 Billion|
|Compound Annual Growth Rate||5.30%|
|Unit||Revenue (USD Million) and Volume (Kilo Tons)|
|Segmentation||By Type, By Application and By Geography|