The growth of business-related tourism activities, the growth in the number of catering establishments such as hotels and restaurants, and the growing trends in restaurants out of the home are driving the growth of the global pasta cookware market.
PORTLAND, OR, Aug. 25, 2022 /PRNewswire/ — Allied Market Research released a report titled Pasta by Product Type (Electric Pasta Cookers, Gas Pasta Cookers) Cookware Market by End User (Full Service Restaurants) , fast food restaurants). -Service Restaurants, Catering), By Channel Distribution (Online, Offline): Global Opportunity Analysis and Industry Forecast 2021-2031. 2021 and 2031, with a CAGR of 5.8% from 2022 to 2031.
Rise in business-related travel activities, surge in number of food joints such as hotels & restaurants, and the increasing trend of dining out drive the growth of the global pasta cookers market. Rise in business-related travel activities, surge in number of food joints such as hotels & restaurants, and the increasing trend of dining out drive the growth of the global pasta cookers market. Increasing business travel, the rise of catering establishments such as hotels and restaurants, and the growing trend of dining out are driving the growth of the global pasta market. The growth of business-related tourism activities, the growth in the number of catering establishments such as hotels and restaurants, and the growing trends in restaurants out of the home are driving the growth of the global pasta cookware market. In addition, the increase in cross-border investment and the surge of experimentation and innovation in various cuisines also complement the growth of the market. On the other hand, continuous innovation in pasta cookware to meet customer needs and provide more convenience will open up new opportunities in the coming years.
Depending on the type of product, electric pasta cookware will have the largest market share in 2021, accounting for more than three-fifths of the global pasta cookware market, and is expected to maintain its leading position during the forecast period. This is because this pasta cooker is considered a more sustainable option compared to gas pasta cookers. However, the gas pasta cooker market is expected to post the highest CAGR of 6.4% between 2022 and 2031 due to the recognition of its efficiency in pasta cooking and its ability to maintain high temperatures for longer periods of time.
In terms of end users, fast food restaurants will have the largest market share in 2021, accounting for nearly half of the global pasta cookware market, and are expected to maintain their dominant share during the forecast period. This is due to an increase in demand for fresh, tasty and tempting food at affordable prices, as well as an increasing trend towards the introduction of franchising models. Однако прогнозируется, что с 2022 по 2031 год в сегменте F&B будет самый высокий среднегодовой темп роста в 6,3%. However, F&B is projected to have the highest CAGR of 6.3% from 2022 to 2031. This is due to the growing demand for catering services from corporations, schools, and other well-known commercial companies, as the trend towards parties, events and events, and other social gatherings is on the rise.
In terms of distribution channels, offline will hold the largest market share in 2021, accounting for more than four-fifths of the global pasta cookware market, and this share is expected to remain the largest throughout the forecast period. This is due to the large variety of household appliances, especially in supermarkets / hypermarkets, shopping malls and specialty stores on large shelves, sorted and organized. However, from 2022 to 2031, the online segment is expected to grow at the fastest pace at an average of 6.8%. This is due to the increase in the penetration of various online portals in developing regions and the increase in the number of offers or discounts they offer.
From a regional perspective, North America will have the largest market share in 2021, accounting for nearly two-fifths of the global pasta cookware market, and is expected to maintain its leading position until 2031. This is due to the widespread adoption of premium pasta cookers and smart fryers, the presence of a large number of restaurants, and an increase in consumer eating habits in the region for outdoor dining. However, LAMEA is expected to grow at a maximum CAGR of 7.0% from 2022 to 2031 due to an increase in the number of restaurants and hotels, as well as tourism development and strong economic growth in many countries in the region.
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Post time: Aug-26-2022