The global tabletop pizza oven market is anticipated to reach a valuation of US$ 322.6 Mn in 2033 from US$ 210.3 Mn that it is set to record in 2023. As per a new research report by Future Market Insights (FMI), sales in the tabletop pizza oven industry are estimated to witness a CAGR of 4.4% throughout the evaluation period (2023 to 2033).
FMI mentions that the U.S. is projected to remain at the forefront in North America. As compared to the CAGR of 4.2% exhibited by the country during the historical period of 2017 to 2022, growth rate of the market is set to surge to 4.8% amid the assessment period. The U.S. is expected to create an absolute dollar opportunity of approximately US$ 80.6 Mn by the end of 2033.
Increasing demand for pizza, which is considered to be a very common type of fast food in the U.S., is anticipated to propel the need for advanced tabletop ovens. Establishment of various fast food outlets across the country with rising demand from the working population and millennials is another vital factor that would drive sales of tabletop pizza ovens in the next ten years.
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Besides, easy availability of various types of pizzas to satiate specific needs of individuals across the U.S. is likely to augment the demand for tabletop pizza ovens. Rising popularity of pizza with increasing penetration of the internet and surging trend for online food ordering is also set to stimulate sales of tabletop pizza ovens in the country.
Consumers in the U.S. are nowadays embracing the ‘Netflix and Chill’ trend as online food platforms bring ease and convenience to home dining. This would further present lucrative progress opportunities for online food service and takeout businesses in the country, including pizza outlets.
The Centers for Disease Control and Prevention (CDC), for instance, recommends not to consume or taste unbaked batter or dough as it can lead to chronic illnesses with the presence of germs. Thus, key pizza producing companies across the U.S. are striving to make the perfect crust to enable consumers to enjoy their delicacies without the worry of falling ill. In addition, presence of a large number of fast food chains such as McDonald’s, Chick Fira, and Popeyes across the country would fuel the demand for tabletop pizza ovens in the next ten years.
Key Takeaways from the U.S. Tabletop Pizza Oven Market
- North America is projected to generate lion’s share in the global tabletop pizza oven market during the forecast period of 2023-2033.
- The U.S. tabletop pizza oven market is projected to exhibit growth at a CAGR of 8% during the period of 2023-2033.
- The U.S. tabletop pizza oven market is anticipated to be valued at US$ 80.6 Mn by 2033.
- During the period of 2017 to 2022, sales of tabletop pizza ovens surged by 2% CAGR across the U.S.
“As pizza making involves various tasks such as maintaining the right temperature to getting the dough right, owning an advanced tabletop oven is significant for key food outlets. Thus, various food chains are investing heftily into the acquisition of highly advanced ovens to provide better quality pizzas to their customers.” – Says an FMI Analyst.
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Competition Landscape in the U.S. Tabletop Pizza Oven Market
Leading online delivery and takeout providers across the U.S. are partnering up with local and global restaurants to increase sales. Some of the key companies are also offering profitable discounts and using social media platforms to endorse their brands to expand their customer base.
As the industry expands in the U.S., more competitors are set to be drawn into the market. Major players are looking to strengthen their positions by acquiring small-scale firms and suppliers to improve their presence. They are also investing huge sums in research & development and celebrity endorsements to fortify their position in the industry.
Middleby Corporation, Wood Stone Corporation, and Mugnaini are key companies in the U.S. tabletop pizza oven market.
Recent Developments
- In 2022, Hestan announced the addition of new induction cookers and griddles to its existing range of indoor cooking products. The company has blended precise temperature control with cooking quality performance with a reduced carbon footprint.
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