The electric pizza oven market is positioned for significant expansion, with projections indicating a valuation of US$ 237.9 million in 2023, surging to US$ 455.1 million by 2033. This growth is supported by an impressive Compound Annual Growth Rate (CAGR) of 6.7%. Robust historical data further underscores the market’s resilience, with a commendable CAGR of 5.8% in the preceding period, reflecting a value of US$ 222.6 million.
The increasing preference for electric pizza ovens can be attributed to their manifold advantages, extending beyond convenience and rapid cooking times. These attributes serve as pivotal drivers, fueling the market’s accelerating momentum. A key factor contributing to this surge is the rising prevalence of pizza outlets, particularly among the millennial demographic. This emerging consumer group dedicates a substantial portion of their disposable income to unique dining experiences, a trend propelled by urbanization and heightened consumer purchasing power.
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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.
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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Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
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