The increasing consumer demand for pizza, surge in interest in home cooking and outdoor cooking, and increasing popularity of pizza drive the global pizza oven market. The rise in demand for artisanal foods is expected to offer remunerative opportunities for expansion of the pizza oven market during the forecast period. Based on region, North America held the largest share in 2021, contributing to more than one-third of the global pizza oven market share.
According to the report published by Allied Market Research, the global pizza oven market generated $1.8 billion in 2021 and is estimated to reach $3.0 billion by 2031, witnessing a CAGR of 5.0% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
|Market Size in 2021||$1.8 billion|
|Market Size in 2031||$3.0 billion|
|No. of Pages in Report||356|
|Segments covered||Type, Product type, Application, and Region|
|Drivers||The increasing consumer demand for pizza|
|Surge in interest in home cooking and outdoor cooking|
|The increasing popularity of pizza|
|Opportunities||Introduction of eco-friendly pizza ovens|
|Introduction of advanced designs and styles|
|Rise in demand for artisanal foods|
|Restraints||High price of pizza ovens coupled with other cooking options|
|Competition from other cooking methods|
|Limited space in urban areas|
- The outbreak of the COVID-19 had a mixed impact on the pizza oven industry. In one hand, the global market suffered revenue losses during the lockdown period due to the non-operation of HoReCa.
- On the other hand, the pandemic forced people to stay at home which resulted in the rising interest in home cooking which propelled the demand of pizza oven during the mid-phase of the pandemic.
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The report offers a detailed segmentation of the global pizza oven market based on type, product type, application, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the gas ovens segment held the highest share in 2021, accounting for more than two-fifths of the global pizza oven market. Moreover, the electric ovens segment is expected to rule the roost in terms of revenue during the forecast period. The wood ovens segment, on the other hand, is expected to register the highest CAGR of 6.1% from 2022 to 2031.
By product type, the pre-assembled segment accounted for the highest share in 2021, contributing to more than two-thirds of the global pizza oven market, and is expected to maintain its lead in terms of revenue during the forecast period. This segment is expected to manifest the highest CAGR of 5.1% from 2022 to 2031.
On the basis of application, the commercial segment held the highest share in 2021, accounting for around three-fifths of the global pizza oven market and is expected to continue its leadership status during the forecast period. However, the residential segment is expected to register the highest CAGR of 5.6% from 2022 to 2031.
By region, North America held the largest share in 2021, contributing to more than one-third of the global pizza oven market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the LAMEA region is expected to manifest the fastest CAGR of 6.0% during the forecast period.
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Leading market players of the global pizza oven market analyzed in the research include Italoven, Marra Forni, Wachtel GmbH, Forno Bravo, Cuppone s.r.l, Peppino Cement Ornaments CC, Earthstone Wood-fire ovens, Fiero Group, Morello Forni Italia S.r.l., and Henny Penny Corporation.
The report provides a detailed analysis of these key players of the global pizza oven market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Source From:- https://www.globenewswire.com/en/news-release/2023/04/13/2645884/0/en/Global-Pizza-Oven-Market-Is-Expected-to-Reach-3-0-Billion-by-2031-Allied-Market-Research.html
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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