During the projected period, the global market for electric pizza ovens is expected to experience a moderate Compound Annual Growth Rate (CAGR) of 6.7%. Based on its current value, this market is anticipated to reach a valuation of US$ 237.9 million in 2023. Analysts predict that by 2033, the electric pizza oven market could achieve a worth of US$ 455.1 million. Looking back to the base year, when the market was growing at a CAGR of 5.8%, historical data from Future Market Insights indicated that the market’s value stood at US$ 222.6 million.
Beyond their convenience and speedy cooking times, electric pizza ovens offer a range of advantages. These advantages are propelling the market forward. One noteworthy factor driving this growth is the popularity of pizza outlets, particularly among millennials, who are increasingly investing their disposable income in such dining experiences due to urbanization and higher consumer purchasing power. This trend is creating substantial opportunities, even in emerging economies where new hospitality establishments are being established.
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The additional advantages of electric pizza ovens that drive the market include:
- Integral to Various Food Establishments: Electric pizza ovens play a pivotal role in a wide range of commercial food establishments such as restaurants, fast food chains, motels, cafés, coffee shops, catering businesses, resorts, pizza outlets, inns, and more.
- Consistent Flavour Profile: Electric pizza ovens ensure that each pizza maintains a uniform and consistent flavor, contributing to customer satisfaction.
- Energy Efficiency: These ovens consume less energy compared to wood-burning alternatives. By baking with the door closed for most of the cooking process, heat loss is minimized.
- Automated Temperature Control: An outstanding advantage of electric ovens is their automated temperature regulation, relieving operators of constant monitoring as it manages itself effectively.
- Precision Temperature Control: Modern electric pizza ovens offer the capability to independently control the temperatures of the vault (top) and floor (bottom), allowing for precise adjustments to achieve the desired balance of heat and humidity.
Emerging Startup Landscape:
Enhancing the Electric Pizza Oven Market Dynamics through Thriving Enterprises Fresh entrants within the electric pizza oven market are introducing inventive offerings and gaining a competitive advantage through the integration of technological advancements. These enterprises are consistently allocating resources to Research and Development endeavors, ensuring they remain attuned to evolving consumer preferences and the ever-changing demands of the end-use sector. Notably, efforts to enhance the market’s reputation are contributing to the overall industry landscape.
Competition Scenario:
Future Market Insights’ statistical examination of the related sector exposes the adept marketing strategies employed by key electric pizza oven manufacturers. These suppliers are strategically adopting a blend of organic and inorganic expansion strategies to participate actively in the competitive electric pizza oven market. Sizeable investments in research and development are being channeled by manufacturers to propel technological advancements in pizza-making equipment, thereby enhancing the culinary experience for consumers and amplifying their foothold in the market.
Recent Developments:
In January of 2019, Nemco Food Equipment, renowned for its four decades of pioneering manual countertop food-prep tools, introduced a line of electric food processing machines. These machines offer operators a high-capacity option to uphold the freshness of their food amidst mounting labor concerns.
Moving to August 2021, Garland enhanced its reliable and industry-leading Cuisine Series® heavy-duty oven and burner system with additional time-saving features. Built on a 36″ chassis, the Cuisine Series has always combined durability and thoughtful design to cater to the demands of high-performance kitchens. Recently, Garland expanded the lineup with several new features, promising even quicker results and enhanced usability.
Jumping to April 2022, Avantco unveiled the Chef Series CAG-36-RC 36″ Countertop Radiant Oven, boasting a powerful 90,000 BTU. This oven proves its mettle when it comes to cooking burgers, prawns, or vegetable skewers, thanks to its individual burner temperature controls. Utilizing radiants to direct heat onto the cooking surface, this oven ensures swift recovery and efficient heat retention.
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Key Players:
- Bakers Pride
- Benchmark USA
- Blodgett
- Turbochef
- Vollrath
- Waring
- Akasa International
- Omcan Inc.
- APW Wyott
- Doyon
Market Segmentation:
By Type:
- Conveyor
- Deck Ovens
- Rapid Cook Ovens
By Automation Type:
- Automatic
- Semi-automatic
By Load:
- 1600W
- 2400W
- 4500W
- Others
By Maximum Temperature:
- 350°F
- 400°F
- 600°F
- 800°F
- 1000°F
- Others
By Application:
- Residential
- Commercial
By Sales Channel:
- Wholesalers/Distributors
- Direct Sales
- Online Retailers
- Specialty Stores
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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