Household Electric Baking Pan Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Household Electric Baking Pan Market is segmented By Type (Non-stick Electric Baking Pans, Stainless Steel Electric Baking Pans, Cast Iron Electric Baking Pans, Ceramic Electric Baking Pans, Other), By Distribution Channel (Offline, Online), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Household Electric Baking Pan Market Overview

Global Household Electric Baking Pan Market reached US$ 420.4 million in 2022 and is expected to reach US$ 645.1 Million by 2030, growing with a CAGR of 5.5% during the forecast period 2023-2030.

The global rise of e-commerce is significantly influencing the household electric baking pan market. As the e-commerce sector continues to expand, household electric baking pan manufacturers are finding new opportunities for growth and market reach. As per Shopify report, with the global e-commerce market projected to reach US$ 6.3 trillion in 2023, businesses are increasingly leveraging online platforms to showcase their products, including baking pans, to a broader and more diverse consumer base.

The surge in accessibility and international exposure through e-commerce platforms has made household electric baking pans more readily available to consumers globally, driving demand and reshaping the dynamics of this market. Furthermore, the growth of mobile commerce (M-commerce) and the importance of localization cannot be overlooked. As more consumers shop via mobile devices, optimizing online stores for mobile accessibility becomes crucial for household electric baking pan manufacturers.

The North American household electric baking market is witnessing a notable surge in growth, driven in part by the growing demand for bakery products among people. The COVID-19 pandemic has triggered a re-evaluation of food choices among consumers, leading to an increased appreciation for artisan baking and elevated bread options. With the e-commerce sector's continuous expansion, North American household electric baking pan manufacturers are capitalizing on new growth opportunities and expanding their market reach.

Household Electric Baking Pan Market Scope

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Household Electric Baking Pan Market Dynamics

Rising Home Baking Trend 

The household electric baking pan market is expected to be driven with the growing home baking industry globally. As consumers increasingly embrace baking as a creative and satisfying culinary pursuit, electric baking pans have become indispensable tools. Its convenience, versatility and time-saving attributes cater to modern lifestyles, particularly in urban settings with limited kitchen space.

 The popularity of home baking has been on the rise and although most Chinese kitchens lack large ovens common in U.S., many households have turned to countertop toaster ovens for their baking needs. Furthermore, the Food and Agricultural Service (FAS) in Beijing anticipates a substantial 17-percent increase in butter imports in 2021, driven by the rapidly developing bakery industry's reliance on imported butter, highlighting the symbiotic relationship between home baking and the electric baking pan market in China.

Rising Disposable Income 

The increasing disposable income significantly contributes to the growth of the household electric baking pan market. As per World Population Review report, in U.S., which boasts the highest average disposable income globally at US$54,854 of gross disposable income and US$51,147 of net disposable income, consumers have more financial resources at their disposal. The surplus income allows them to invest in kitchen appliances and gadgets that enhance their cooking and baking experiences. 

As disposable income rises, people are more inclined to explore home baking as a leisure activity or to prepare homemade meals, including baked goods. Consequently, the demand for household electric baking pans, which simplify and streamline the baking process, experiences a notable boost in such affluent markets. Moreover, countries like Luxemburg, Switzerland, Norway and Canada, with substantial disposable incomes ranging from US$36,656 to US$42,800, also witness a surge in interest in home baking and, by extension, contribute to the growth of the household electric baking pan market as consumers seek convenient and efficient tools for their culinary endeavors.

Traditional Baking Pans

The electric baking pan market can be significantly impacted with the diversity of materials used for traditional baking pans. Baking pans come in various materials, including aluminum, stainless steel, glass, ceramic and stoneware, each with its own advantages and limitations. The diversity in pan materials can make it challenging for consumers to choose between traditional baking pans and electric baking pans. 

For instance, while traditional aluminum pans are excellent heat conductors and suitable for various baked goods, electric baking pans may need to compete with the convenience and familiarity of these traditional options. Moreover, the preference for specific materials based on the type of baked goods being prepared, such as using light-colored pans for sweet bread to prevent burning, can also hinder the adoption of electric baking pans.

Household Electric Baking Pan Market Segment Analysis

The global household electric baking pan market is segmented based on type, distribution channel and region.

Non-Stick Pans Dominate Household Electric Baking Pans Market

Non-stick pan holds the largest share in the household cookware market. Non-stick pans have secured the largest share in this market segment for several compelling reasons. The pans are designed with a special non-stick coating that prevents food from sticking to the surface during cooking, which not only makes cooking and flipping food easier but also simplifies the cleaning process and this feature alone has made non-stick pans a staple in kitchens globally.

Furthermore, the food-grade nonstick surface coating ensures effortless food release, while its dishwasher-safe feature simplifies cleanup. Modern non-stick bakeware range is designed and manufactured in strict compliance with industrial quality guidelines, ensuring its safety and durability for long term usage.

Household Electric Baking Pan Market Geographical Penetration

North America Dominates Household Electric Baking Pan Market

North America holds the largest share in the household electric baking pan market due to its sizable population, characterized by a high average disposable income, drives demand for kitchen appliances like electric baking pans. Additionally, North America's strong culinary culture, urbanization and technological advancements contribute to the popularity of these appliances. Consumers in the region appreciate the convenience, versatility and time-saving benefits of electric baking pans, making them a preferred choice in busy lifestyles. 

In a dynamic global market, North America's leading position is a testament to its adaptability and consumer preferences. As the region continues to embrace culinary diversity and technological innovation, electric baking pans are likely to maintain their prominent position, offering a convenient and efficient solution for a wide range of baking needs in North American households. Moreover, players like USA Pan, American Pan and Chicago Metallic propelling the North American household electric baking pan market forward. It is achieved by embracing innovation, developing high-quality and durable products and fostering strong brand recognition through effective marketing.

Household Electric Baking Pan Market Companies

The major global players in the market include Tefal, Russell Hobbs, Breville, De'Longhi, Sunbeam, Hamilton Beach, YUMEIGE, Cuisinart, Ninja and Good Seller Co., Ltd.

COVID-19 Impact on Household Electric Baking Pan Market 

The rapid growth of e-commerce, particularly during the COVID-19 pandemic, has had a significant impact on the household electric baking pan market. As online retail sales were surges during the pandemic, it had created a favorable environment for the expansion of the household electric baking pan market., The key drivers for the household electric baking pan market is the increase in online retail sales. 

Furthermore, the pandemic restrictions led to a major rise in e-commerce activity, with online retail sales accounting for a larger share of total retail sales. As per UNCTAD, in 2020, the share of online retail sales as a percentage of total retail sales increased from 16% to 19%. The shift towards online shopping has created a growing customer base that seeks convenient and efficient cooking solutions, including electric baking pans.

Russia-Ukraine War Impact

The household electric baking pan industry market has been significantly impacted by the ongoing Russia-Ukraine war, which has triggered disruptions in the supply chain for critical raw materials. The conflict has exposed vulnerabilities in the industry's reliance on materials such as metal which play essential roles in the manufacturing of household electric baking pans. The war has led to price volatility, with these raw materials experiencing substantial price increases, directly affecting production costs for baking pan manufacturers.

Furthermore, export restrictions imposed by Russia and other major suppliers have complicated the sourcing of these critical materials, making supply chains more vulnerable to disruptions. Countries heavily dependent on Russian imports of these raw materials, such as Japan and Finland, face challenges in securing a stable supply. Transportation disruptions, including the suspension of cargo services to and from Russian ports, have added to the industry's woes by affecting the timely delivery of essential materials.

Key Developments

• In April 2023, Our Place introduced the Always Pan 2.0, an upgraded version of its popular cookware. The new model comes with several notable improvements, most notably its oven-safe feature, allowing it to withstand temperatures of up to 450 degrees Fahrenheit. The enhancement greatly expands the range of recipes that can be prepared using the pan, making it a more versatile kitchen tool. The Always Pan 2.0 also boasts a longer-lasting nonstick ceramic coating compared to its predecessor, ensuring easier baking and cleaning experiences.
• In March 2023, Ooni introduced an exciting addition to their lineup, the Ooni Volt 12 Pizza Oven. The innovative pizza oven is designed to satisfy the cravings of pizza lovers year-round, regardless of the weather conditions. It's a versatile appliance that can be used both indoors and outdoors, allowing you to enjoy authentic Neapolitan-style pizzas from the comfort of your own home.

Why Purchase the Report?

• To visualize the global household electric baking pan market segmentation based on type, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of household electric baking pan market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global household electric baking pan market report would provide approximately 54 tables, 48 figures and 182 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies