PUBLISHER: Allied Market Research | PRODUCT CODE: 1472230
PUBLISHER: Allied Market Research | PRODUCT CODE: 1472230
The global cooking spray market size was valued at $9 billion in 2022, and is projected to reach $15 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032
Cooking spray is a convenient kitchen product designed to prevent food from sticking to cooking surfaces during food preparation. It typically comes in a spray can and is made from various oils, such as canola, olive, or vegetable oil, combined with lecithin or other emulsifiers. When sprayed onto pans, grills, or baking dishes, it creates a thin, even layer that helps to coat the surface, reducing the likelihood of food sticking. This not only makes cooking and cleanup easier but also helps to reduce the amount of oil needed in recipes, making it a healthier alternative to traditional greasing methods.
The surge in weight management concerns has significantly increased the demand for cooking spray in the market. Cooking sprays offer a practical solution for individuals aiming to manage their weight by providing precise portion control and reducing overall calorie intake. Unlike traditional cooking oils or butter, cooking sprays allow users to apply a thin, even layer of oil, minimizing excess fat in their meals. This helps individuals adhere to their dietary goals without sacrificing flavor or texture in their favorite dishes. Additionally, cooking sprays often contain fewer calories per serving compared to conventional oils, making them an attractive option for those looking to maintain a healthy weight. Moreover, cooking sprays align with modern dietary trends that prioritize healthier cooking methods without compromising on taste. With growing awareness of the importance of balanced nutrition and portion management in weight management, consumers are increasingly turning to cooking sprays as a convenient and effective tool in their culinary repertoire. As a result, the weight management surge has fueled the expansion of the cooking spray market, driving innovation and diversification in product offerings to cater to the evolving needs of health-conscious consumers.
Furthermore, professional endorsements play a pivotal role in surging market demand for the cooking spray industry by lending credibility and trustworthiness to the product. When renowned chefs, nutritionists, or health professionals recommend a specific cooking spray brand, consumers are more inclined to perceive it as a superior choice. Endorsements often highlight the benefits of using cooking sprays, such as their ability to reduce fat intake, improve cooking efficiency, and enhance the flavor of dishes. Moreover, professional endorsements serve as a form of validation for consumers, reassuring them of the quality and efficacy of the product. Whether through cooking shows, social media platforms, or brand partnerships, endorsements from industry experts help to elevate the profile of cooking sprays and expand their reach to a broader audience. As a result, consumers are more likely to incorporate cooking sprays into their culinary routines, driving increased sales and market growth for the industry as a whole.
The global cooking spray market is segmented into type, end use, distribution channel, and region. Based on type, the market is segmented into vegetable oil spray, olive oil spray, coconut oil spray, butter flavored spray, baking spray, and others. As per end use, the market is segmented into commercial use and personal use. Based on distribution channel, the market is segmented into hypermarket/supermarket, independent retail store, business to business, and online sales channel. Region wise, it is analyzed across North America, Europe, Asia-Pacific, LA, and MEA.
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the global cooking spray market include Baker's Joy, Crisco, Frylight, Mazola, PAM, Pompeian, Smart Balance, Spectrum, Vegalene, and Wesson.
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