Increase in business-related travel activities, increasing number of food establishments such as hotels and restaurants, and growing trend of restaurant dining are driving the growth of the global pasta cooker market.
PORTLAND, Oregon., August 25, 2022 /PRNewswire/ — Allied Market Research has released a report titled, “pasta cooker market By Product Type (Electric Pasta Cooker, Gas Pasta Cooker), By End User (Full Service Restaurants, Quick Service Restaurants, Food Service), By Distribution Channel (Online, Offline): Global Opportunities Analysis and industry forecast, 2021-2031. »According to the report, the global pasta cooker industry generated $710.00 million in 2021, and should reach $1.24 billion by 2031, posting a CAGR of 5.8% from 2022 to 2031.
Main determinants of growth
Increase in business-related travel activities, increasing number of food establishments such as hotels and restaurants, and growing trend of restaurant dining are driving the growth of the global pasta cooker market. Also, increasing cross-border investment and growing experiments and innovations in a variety of cuisines complement the growth of the market. On the other hand, continuous innovations in pasta cooking products to meet customer demands and provide increased convenience are creating new opportunities in the years to come.
- Pasta cooker manufacturing operations have been halted due to lockdown restrictions put in place by governments in many countries. In addition, shortage of raw materials and supply chain disruptions presented challenges in carrying out manufacturing activities at full capacity.
- Demand from food outlets such as quick service restaurants, cafes, hotels and fast food outlets has decreased significantly due to lockdowns and reduced customer base to avoid cross contamination. This, in turn, has reduced the demand for pasta cookers.
- However, demand increased steadily after the lockdown as day-to-day operations got back on track. Many restaurants have started offering contactless delivery to increase the number of pasta orders from consumers.
- Online deliveries led to a slow recovery in demand.
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The Electric Pasta Cooker Segment to Maintain Its Leading Position Over the Forecast Period
Based on product type, the electric pasta cooker segment accounted for the largest market share in 2021, contributing more than three-fifths of the global pasta cooker market, and is expected to maintain its leading position during the forecast period. This is due to the past acceptance of this type of cooker as a more sustainable option over the gas pasta cooker. However, the gas pasta cooker segment is estimated to have the highest CAGR of 6.4% from 2022 to 2031, owing to the acceptance of its efficiency in making pasta and its ability to maintain the high temperature for a longer period.
The quick service restaurant segment will maintain its dominant share during the forecast period
On the basis of end-user, the quick-service restaurant segment contributed the largest market share in 2021, accounting for nearly half of the global pasta cooker market, and is expected to maintain its dominant share over the course of the forecast period. This is attributed to the increase in demand for fresh, tasty and appealing food at an affordable cost and the increase in the tendency to create franchise models. an increase in demand for catering services from corporations, schools and other leading commercial enterprises, as well as an increase in the trend of parties, events, functions and other gatherings social.
The offline segment will continue its highest contribution throughout the forecast period
Based on distribution channel, the offline segment accounted for the largest market share in 2021, holding more than four-fifths of the global pasta cooker market, and is expected to continue making its highest contribution throughout the forecast period. This is due to the availability of a wide range of white goods, specially graded and organized in large shelves in supermarkets/hypermarkets, shopping malls and specialty stores. However, the online segment is expected to register the fastest CAGR of 6.8% from 2022 to 2031. This is attributed to increasing penetration of various online portals in developing regions and increasing number deals or discounts they offer.
North America maintain its leadership status by 2031
Based on region, North America held the largest market share in 2021, accounting for nearly two-fifths of the global pasta cooker market, and is expected to maintain its leading status by 2031. This is due to high adoption of advanced pasta cookers and smart fryers. , the presence of a large number of restaurants and the increase in the outdoor eating habits of consumers in the region. However, LAMEA is expected to grow at the highest CAGR of 7.0% from 2022 to 2031, due to the increase in the number of restaurants and hotels with the development of the tourism industry and considerable economic growth in many many countries in this region.
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Main market players
- Ali Group Company
- Globe Food Equipment Co.
- Imperial Commercial Cooking Equipment
- Keating of Chicago
- MVP International Group, Inc.
- Nemco Food Equipment Ltd.
- Panasonic Company
- The Middleby Company
- Town Food Service Equipment Co.
- WMF Group
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