Bakeries worldwide are growing rapidly, especially benefiting commercial bakeries. This surge is mainly because people like you and me want more choices when it comes to tasty, flavorful, and fresh bakery products. In places where people have busy lives and are after comfort food, like in developed countries, this bakery boom is happening. Europe and North America are big markets for commercial bakeries, making lots of money from selling baked goods. But guess what? Asia-Pacific is set to become the fastest-growing region in making money from bakeries. A study found that the bakery business was worth more than USD 280 billion in 2019, and it's predicted to keep growing by more than 3% for the next few years. So, the success of commercial bakeries is not just making us happy with delicious treats but also boosting the sale of bakeware, and this trend is likely to keep going for a while. DRIVING FORCES BEHIND THE BAKERY BOOM Taste and Variety: People are looking for a wide range of flavors and options when it comes to baked goods. Whether it's a sweet treat or something savory, the bakery industry is meeting the demand for diverse tastes. Changing Lifestyles: As our lives get busier, the convenience of bakery products becomes more appealing. Whether it's a quick snack on the go or an easy meal solution, bakeries are catering to our changing lifestyles. Comfort Food Craze: In places where people love comfort food—foods that make you feel good—like Europe and North America, the bakery industry is thriving. People turn to baked goods for that familiar and cozy feeling. THE GLOBAL BAKERY SCENE Europe and North America: These places are the leaders in the bakery world, making the most money. People here have a strong love for bakery delights, contributing to the success of commercial bakeries. Asia-Pacific: This region, including countries like China and India, is on the rise. More and more people are enjoying bakery products, and the bakery business is growing faster here than anywhere else. FUTURE OUTLOOK The bakery industry has been a sweet success, worth billions of dollars, and it's not slowing down. The growth of commercial bakeries is not just good news for our taste buds but also for the companies making bakeware. As more people crave delicious baked goods, the sale of bakeware is likely to keep rising. So, get ready for more delightful treats coming your way as the bakery boom continues into the future!
Report Attribute/Metric | Details |
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Market Opportunities | · With growing awareness of healthy cooking practices, there is an opportunity to market cast iron cookware as an ideal choice due to its ability to retain nutritional value and require less oil. |
Market Dynamics | · Increasing availability of kitchen appliances and cookware on online distribution channels |
Cast Iron Cookware Market Size was valued at USD 2.3 Billion in 2022. The Cast Iron Cookware Industry is projected to grow from USD 2.39 Billion in 2023 to USD 3.33 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.20% during the forecast period (2024 - 2032). Increase in awareness among the consumers about the health issues associated with aluminum, coated and non-stick cooking utensils are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for cast iron cookware market is being driven by the growing awareness of the health risks connected with nonstick cookware and aluminum products and the ongoing transformation of retail and distribution infrastructure. The global rise in one-person households represents a significant demographic shift with wide-ranging implications across various industries, including housing and healthcare. This shift is anticipated to lead to a surge in demand for cast iron cookware on a global scale. Furthermore, there has been a notable shift in consumer behavior in recent years, with individuals increasingly preferring to research and purchase various cookware products, including electric, nonstick, and cast iron cookware, through online channels such as e-commerce platforms. This shift is driven by growing awareness of health risks associated with nonstick and aluminum cookware, coupled with the thriving online retail sector, which is reinforcing the market. The demand for these products is on the rise alongside population growth, and simultaneous improvements in employment rates in emerging economies have provided a significant portion of the population with the means to invest in both essential and discretionary items. This factor is expected to be a key driver of market growth during the forecast period. For instance, in the Asia Pacific region, there has been an increase of nearly 23 million working individuals between 2018 and 2022. Additionally, ongoing changes in retail and distribution infrastructure are contributing to market expansion. The emergence of new retail and distribution formats, including related product offerings and brick-and-mortar establishments, has made consumer goods more accessible, resulting in increased consumer spending.
Increased consumer awareness regarding the health risks associated with aluminum-coated and non-stick cookware is a major driving force behind the global growth of the cast iron cookware market. For instance, non-stick pans are known to contain perfluorocarbons, which have been linked to cancer, liver issues, and developmental disorders. Cast iron cookware, on the other hand, is a chemical-free alternative, making it a preferred choice over non-stick pans. One of the significant health benefits associated with cast iron kitchenware is its ability to infuse iron into the food during the cooking process. Given that many people suffer from iron deficiency, cooking with cast iron cookware can potentially increase iron intake by up to 20 times. These compelling health-related factors are expected to drive strong demand for cast iron cooking utensils throughout the forecast period in the market.
As a result, it is anticipated that throughout the projection period, demand for the Cast Iron Cookware Market will increase due to the Growing awareness of the health risks connected with nonstick cookware and aluminum products and the ongoing transformation of retail and distribution infrastructure. Thus, driving the Cast Iron Cookware Market revenue.
The Cast Iron Cookware Market segmentation, based on Product Type includes Enamel Coated, Unseasoned, and Seasoned. The unseasoned segment dominated the market, accounting for 58% of market revenue (1.33 Billion). The unseasoned segment specifically caters to consumers who prefer to season their cookware themselves, allowing for a customized cooking experience. Cast iron cookware is traditionally seasoned by applying a layer of oil and baking it to create a natural non-stick surface. However, some users may opt for unseasoned cookware to have control over the seasoning process, which can affect the flavor of the dishes prepared.
Figure 1: Cast Iron Cookware Market, by Product Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Cast Iron Cookware Market segmentation, based on Application, includes Residential and Commercial. The commercial segment dominated the market, accounting for 55% of market revenue (1.26 Billion). Cast iron cookware is known for its exceptional durability and longevity. In commercial settings where cookware is subjected to frequent and rigorous use, the long lifespan of cast iron products is highly valued. This translates to cost savings for businesses as they don't need to frequently replace cookware.
The Cast Iron Cookware Market segmentation, based on Style, includes Camp Pots, Dutch Ovens, Woks, Skillets, Griddles, Bakeware, and Others. The camp pots segment dominated the market, accounting for 60% of market revenue (1.38 Billion). Camp pots are designed to be lightweight and compact, making them easy to carry during outdoor expeditions. They are typically equipped with features such as foldable handles for convenient transportation. These pots are versatile and can be used for various cooking methods, including boiling water, simmering stews, sautéing, and frying. Their adaptability is crucial for individuals who need to prepare meals in challenging outdoor environments.
The Cast Iron Cookware Market segmentation, based on Deployment, includes Online, and Offline. The online segment dominated the market, accounting for 65% of market revenue (1.49 Billion). Online shopping offers unparalleled convenience for consumers. They can browse, compare, and purchase cast iron cookware from the comfort of their homes, eliminating the need to visit physical stores. Online retailers often offer competitive pricing and discounts, making cast iron cookware more affordable for a broader range of consumers. Price comparison tools enable shoppers to find the best deals.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. Cooking shows, celebrity chefs, and food bloggers have popularized the use of cast iron cookware in North American kitchens. These influencers often highlight the benefits of cast iron in cooking, encouraging consumers to invest in these products. Consumers in North America are increasingly health-conscious. As per Statista Consumer Insights, half of the American population states that they make a conscious effort to maintain a healthy diet. This inclination is most noticeable among Baby Boomers, with 58 percent agreeing. However, it's noteworthy that even among Gen Z individuals, 44 percent indicated a similar commitment to this goal. Cast iron cookware is valued for its ability to retain the nutritional value of food and reduce the need for excessive fats or oils in cooking.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CAST IRON COOKWARE MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Cast Iron Cookware Market accounts for the second-largest market share as Europe has a thriving gourmet and specialty food culture. Cast iron cookware is favored by professional chefs and home cooks alike for its ability to deliver precise cooking results, making it popular in gourmet kitchens. The COVID-19 pandemic led to an increase in home cooking throughout Europe as people spent more time indoors. Premier Foods has unveiled insights into the UK's food-related sentiments through its inaugural Kitchen Cooking Index. According to survey findings conducted by YouGov, the data reveals that British citizens have embraced the chance to engage in culinary activities during the COVID-19 lockdowns. A significant 73% of respondents expressed their enjoyment of cooking over the past year. This trend has resulted in a higher demand for quality cookware, including cast iron products. Further, the German Cast Iron Cookware Market held the largest market share, and the UK Cast Iron Cookware Market was the fastest-growing market in the European region
The Asia-Pacific Cast Iron Cookware Market is expected to grow at the fastest CAGR from 2023 to 2032. This is attributed to two key factors: a heightened focus on health and well-being and the rising disposable income of the populace. Additionally, there is an increasing adoption of cast iron cookware in Indian, Chinese, and Korean households due to the specific requirements of regional cuisines, which often involve continuous and high-heat cooking processes. Notably, when exposed to heat, cast iron cookware does not adversely affect the food; instead, it aids in preserving the nutritional value of the dishes prepared. Moreover, China’s Cast Iron Cookware Market held the largest market share, and the Indian Cast Iron Cookware Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Cast Iron Cookware Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Cast Iron Cookware industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Cast Iron Cookware industry to benefit clients and increase the market sector. In recent years, the Cast Iron Cookware industry has offered some of the most significant advantages to culinary enthusiasts and home cooks. Major players in the Cast Iron Cookware Market, including Le Creuset, Lava Cookware USA, Meyer Corporation, Camp Chef, Inc., Staub, Lodge, Super, Vermicular, American Metalcraft, Williams Sonoma, Calphalon, Camp Chef, Country Door, Cuisinart, Tablecraft, Tramontina, and Victoria, are attempting to increase market demand by investing in research and development operations.
Williams-Sonoma is a specialized retailer offering a diverse range of home-related products. Their product lineup includes items such as home decor, cookware, furniture for children and teenagers, bedding, decorative accessories, lighting fixtures, hardware, cutlery, bathroom accessories, curtains, and tabletop products. These products are marketed under well-known brand names such as Pottery Barn, Williams-Sonoma, Pottery Barn Kids, PBTeen, West Elm, Williams-Sonoma Home, Rejuvenation, and Mark and Graham. Williams-Sonoma conducts its sales and marketing operations through various channels, including e-commerce websites, direct-mail catalogs, and physical retail stores. The company's business footprint extends across multiple regions, including the United States, Canada, Puerto Rico, Australia, the United Kingdom, and several countries in the Middle East. Williams-Sonoma's corporate headquarters are located in San Francisco, California, within the United States.
Lava leverages over four decades of expertise in crafting premium cast-iron cookware that seamlessly combines advanced metal forming and enameling techniques with a longstanding passion for producing high-performance culinary tools. Our primary goal is to introduce health-conscious and flavor-enhancing cooking solutions to households and top-tier restaurants worldwide. Situated in Turkey, Lava operates a cutting-edge manufacturing facility exclusively designed for iron casting and enameling processes. Within our 65,000-square-foot facility, we house state-of-the-art machinery for iron metal casting and enameling, representing the pinnacle of technological advancement in the industry. This advanced foundry empowers Lava to consistently deliver products of the utmost quality, performance, and aesthetic appeal. Lava remains committed to offering unmatched quality and superior performance in every item while maintaining a cost-effective and eco-friendly approach.
Key Companies in the Cast Iron Cookware Market include
Cast Iron Cookware Industry Developments
May 21, 2024: The clinical-stage immuno-oncology company LAVA Therapeutics N.V. (NASDAQ: LVTX, "LAVA," "the Company"), which is concentrating on creating its unique Gammabody® platform of bispecific gamma delta T cell engagers, has released its first quarter financial results and recent corporate highlights.
April 2023: On April 14, 2023, Meyer Corporation, U.S. unveiled Rachael Beam NITRO Cast Iron, an innovative product line that leverages next-generation technology to address longstanding issues commonly associated with traditional cast iron and plated cookware. Rachael Beam NITRO Cast Iron incorporates an ingenious NITRO heat treatment process, effectively amalgamating the most desirable attributes of both types of solid metals while mitigating common issues such as rusting, chipping, and staining.
December 2022: On December 8, 2022, Made In introduced a redesigned cast iron skillet engineered to simplify the preparation of versatile dishes. This skillet features a flexible 8.75-inch diameter, setting it apart from other cast iron pans in the market. Unlike conventional cast iron cookware, this skillet was meticulously crafted to emulate the aesthetics and multifunctionality of their premium stainless steel pans, while still retaining the exceptional heat retention capabilities of cast iron.
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