Pizza Oven Market Expected to Reach $3 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Pizza Oven Market," The pizza oven market was valued at $1.8 billion in 2021, and is estimated to reach $3 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.

Pizza ovens are an essential part of several commercial food chains, including restaurants, fast food restaurants, hotels, café & coffee shops, catering businesses, resorts, pizza outlets, and inns. Pizza is one of the most popular products in the food and hospitality industry, which is expected to boost the growth of the market. The industry is expected to grow steadily in the coming years. The region with developed countries, particularly North America and Europe, is showing very promising markets, and even developing countries are showing a good growth rate. The product's wide range of outlets has served as a massive market both now and in the future.

The pizza oven market is a growing industry, driven by the popularity of pizza as a food worldwide. Pizza ovens can be found in various settings such as restaurants, pizzerias, home kitchens, and outdoor cooking areas. Consumers are increasingly interested in artisanal foods that are made with high-quality ingredients and offer unique flavors and textures. Wood-fired pizza ovens are known for their ability to impart a smoky flavor to pizzas, making them a popular choice among consumers seeking artisanal food options. The aforementioned benefit of pizza ovens coupled with rise in demand for artisanal foods is expected to create a market opportunity for the growth of the market.

The pizza oven market is expected to grow owing to the rising in consumer demand for pizza, which has made it extremely popular in almost every food-serving business. As the demand for pizza grows, so does the number of commercial organizations looking for appliances and pizza oven market demand increases. Furthermore, the variety of pizzas available to meet the needs of people all over the world has created a massive market for pizza ovens worldwide. The sales of a product dedicated to cooking pizza is driven by the ease of use and the size of the pizza ovens. Moreover, there has been a rise in the popularity of pizza with a surge in the number of people ordering food online. Such a rise in the popularity of pizza is expected to boost the pizza oven market size. One of the current market trends is to provide customized solutions as different commercial kitchens have different needs in terms of size, fuel used, ease of cleaning, size of the grill, number of burners, ease of  regulation, affordable pricing, custom heat settings, and timer. These features are current market trends in which players are attempting to meet such consumer needs. Such customized offerings with the right mix of important features help brands gain a competitive advantage.

The main challenge that the pizza ovens market faces today is a temporary disruption in the expansion of the number of food outlets as a result of the food industry being hit by the COVID-19 pandemic. Although food delivery is still immensely popular, new chains are difficult to establish, so there is a temporary decrease in demand from new food businesses. Furthermore, the overall food industry's downturn has presented new challenges for the pizza oven industry, as consumers have avoided discretionary expenditures.

Food outlets have become an extremely popular place to spend disposable income as a result of urbanization and an increase in people's purchasing power. As a result, there is a significant opportunity even in developing countries where new hospitality centers are being established. Furthermore, there is an established market in developed countries where pizza ovens can be found in almost every commercial kitchen, making it an easier market to enter. Providing advanced designs and styles can offer players with new opportunities. Some of the trending features that are customized according to the consumer's needs are less cleaning, compact, multipurpose, fast preheating, and easy assembly.

The pizza oven market is segmented on the basis of type, product type, application, and region. By type, the market is classified into wood ovens, electric ovens, and gas ovens. y product type, the pizza oven market is categorized into hybrid and pre-assembled. On the basis of application, the market is divided into the residential and commercial segments. The commercial segment is further bifurcated into HoReCa and Takeaway Outlets. Region-wise the market is segmented into North America (U.S., Canada, and Mexico), Europe (UK, France, Spain, Italy, Germany, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key company profiled in the pizza oven market are Morello Forni Italia S.r.l., Peppino, Woodstone Corporation, Italoven, Wachtel, Le Panyol, Forno Bravo, Earthstone Wood-fire ovens, Marra Forni, Fiero Forni, Californo wood fired ovens, Wachtel GmbH, Cuppone s.r.l., Ooni Canada, Inc., and Mugnaini.

According to Shankar Bhandalkar, Assistant Manager, Food and Beverages at Allied Market Research, “the rise in consumption of pizza among the global population and surge in preference among the global population toward home and outdoor cooking are expected to fuel the pizza oven market growth.”

Key findings of the study

•  According to the pizza oven market trends, by type, electric ovens segment is expected to witness the highest growth during the pizza oven market forecast period

• According to the pizza oven market analysis, on the basis of product type, the pre-assembled segment accounted for the largest pizza oven market share.

• By application, the residential segment is expected to grow at a CAGR of 5.6% during the forecast period.

•  Region-wise, the pizza oven market is dominated by North America.