Pasta Cookers Market Research, 2031
The global Pasta Cookers Market Size was valued at $710.00 million in 2021, and is projected to reach $1.24 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
Pasta cooker is the most commonly used in cooking equipment, which has a capacity of 60 gallons exceeding up to 300 gallons in size, and come with built-in burners. These are widely used in foodservice industry including restaurants, and caterings.
Rise in business-related travel and increase in number of food joints such as hotels & restaurants fuel the growth of the commercial cooking equipment industry. According to the National Restaurant Association’s Restaurant Performance Index, the U.S. restaurant industry was valued around $860 billion in 2019 with over 1 million restaurants operating in the U.S., which acts as a key growth driver of the pasta cooker market. Moreover, upsurge in trend of dining out has led to Pasta Cookers Market Demand, which, in turn, boosted the demand for pasta cooker equipment. In addition, rise in cross-border investments, increase in experiments & innovations in a variety of cuisines, and rapid development of the travel & tourism industry are anticipated to provide lucrative opportunities for the market expansion during the forecast period.
Rise in innovation refers to the creation or introduction of goods or services, which are either novel or improved version of previous goods or services. In the commercial cooking equipment industry, manufacturers are focused on continuous innovations in pasta cooker to meet the requirements of customers and offer enhanced convenience while working. For example, Valentine Equipment Limited launched table top pasta cooker which reduce the cooking time and facilitate the preparation of more food. Moreover, It also ties in with consumer tastes for healthier, changing menus, and can be easily moved within the kitchen space and stored when not in use. This, in tun, is likely to offer remunerative opportunity for the Pasta Cookers Market Growth.
The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of the industrial units across the world. In addition, the COVID-19 outbreak has led to the closure of significant proportion of food service industry, including hotels & restaurants, pubs, and bars. This, in turn, has hampered the growth of the commercial cooking equipment industry. Moreover, implementation of lockdown and stringent government norms to follow social distancing enforced full-service restaurants to close or adopt home delivery and pick-up trend. Moreover, the COVID-19 pandemic has enforced consumers to avoid social gathering such as attending parties, events, and functions for prevention from infection of coronavirus.
Cloud kitchen, also known as dark or shared kitchen, are delivery-only kitchen, which can be owned by a brand or third party working with various brands. Cloud kitchen majorly produces fast food products that are known for their taste, unique product offerings, and easy availability, which attract the target customers. In addition, rise in demand for online food delivery, owing to the fast-paced lifestyle of consumers seeking for convenient food options has driven the trend of cloud kitchen.
The global pasta cooker market is categorized into product type, end use, distribution channel and region. By product type, it is classified into electric pasta cooker and gas pasta cooker. On the basis of end use, it is fragmented into full-service restaurants, quick service restaurants, and catering. Based on the distribution channel, the market is segmented into online and offline. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Belgium, Netherland, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia, Chile, and Rest of LAMEA).
Based on the product type, electric gas cooker held the Pasta Cookers Market Share in 2021. Electric pasta cooker is mainly used in where the pasta is cooked at a large scale. It saves the time of cooking pasta and one can continue with other work while process is carried out. According to the Statista Global Consumer Survey the 62% of US respondents said they eat pasta regularly and in Europe 83% have pasta regular in the menu. Pasta is consumed globally so it brings a great market for past cooker globally. The electric pasta cooker is seen to be more sustainable as compared to gas pasta cooker, as it prevent from consumption of natural gas.
Based on the end user, quick service restaurant held the major share in the market. With increase in demand for fresh, tasty, and appealing food at affordable cost, the footfall of customers is increasing significantly in quick-service restaurants. Moreover, a large number of quick-service restaurants operate using the franchise model, as this allows chains to expand rapidly. The traditional view of QSRs serving greasy, unhealthy food such as fried chicken and burgers is changing. Most chains have adapted to a market that is more conscious about maintaining a healthy lifestyle.
Based on the distribution channel, the offline segment gain a major traction in the market. It offers a wide range of white goods, especially categorized and organized in large shelves. These products are placed on shelves as per their category with placards displaying the details and price of these products.
Region wise, North America held the major pasta cooker market share in 2021 and is likely to remain dominant throughout the Pasta Cookers Market Forecast period. The North American hospitality market dominates in the use of commercial cooking equipment, owing to high adoption of advanced products such as pasta cooker and smart deep fryers and increase in demand for fast food in the region. Furthermore, the pasta cooker market in the region has been expanding significantly, led by the presence of large number of restaurants and increase in outdoor eating habits of consumers, which, in turn, has led to the proliferation of number of restaurants, thereby boosting the demand for cooking equipment such as pasta cooker, and ranges.
The key players profiled in this Pasta Cookers Industry include Panasonic Corporation, Koninklijke Phillips, The Middleby Corporation, Nemco Food Equipment Ltd, Electrolux, Mvp Group International Inc, Ali Group Company, Town Food Service Equipment Co, Imperial Commercial Cooking Equipment, Keating of Chicago, Globe Food Equipment Co, and WMF Group.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pasta cookers market analysis from 2021 to 2031 to identify the prevailing pasta cookers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pasta cookers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pasta cookers market trends, key players, market segments, application areas, and market growth strategies.
Pasta Cookers Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 1.2 billion |
 Growth Rate | CAGR of 5.8% |
 Forecast period | 2021 - 2031 |
 Report Pages | 324 |
 By Product Type |
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 By Distribution Channel |
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 By End User |
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 By Region |
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 Key Market Players | Imperial Commercial Cooking Equipment, Panasonic Corporation, Nemco Food Equipment Ltd, Koninklijke Phillips N.V., The Middleby Corporation, Town Food Service Equipment Co., Mvp Group International Inc, Keating of Chicago, WMF Group, Ali Group Company, Globe Food Equipment Co, AB Electrolux |
Analyst Review
According to the insights of CXOs, the kitchen space constraints encourage restaurants, quick-service restaurants, and caterings to seek for effective solutions for their commercial kitchens. Therefore, players are investing in R&D activities and making continuous efforts to launch new and improved commercial cooking equipment. Thus, the introduction of space-saving multifunction cooking equipment provide consumers effective solutions, thereby promoting the growth of the pasta cooker market.
Moreover, as per the key players, increase in penetration of IoT in the food service industry has contributed toward the growth of the market. Players are continuously launching IoT enabled commercial cooking equipment’s in order to capture new opportunities from this segment. In addition to this, rise in number of quick-service restaurants acts as a key growth driver of the global market. In addition, players are continuously introducing sustainable products that are more energy efficient equipments this aiding customer to cut cost of energy, water and labor.
The market players have adopted key developmental strategies such as new product launch and acquisition to maintain their position in the pasta cooker equipment market. They emphasize on launching innovative products in order to sustain in highly competitive market.
Rise in business-related travel, increase in number of food joints such as hotels & restaurants and rise in number of QSRs are the upcoming trends of Pasta Cookers Market in the world.
Quick-service restaurant is the leading end user of the pasta cooker market in 2021.
North America is the largest regional market for the pasta cooker in 2021.
The global pasta cookers market was valued at $710.0 million in 2021, and is projected to reach $1,244.9 million by 2031, registering a CAGR of 5.8% from 2022 to 2031.
The top key players profiled in this report include Panasonic Corporation, Koninklijke Phillips, The Middleby Corporation, Nemco Food Equipment Ltd, Electrolux, Mvp Group International Inc, Ali Group Company, Town Food Service Equipment Co, Imperial Commercial Cooking Equipment, Keating of Chicago, Globe Food Equipment Co, and WMF Group
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