PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1351096
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1351096
According to Stratistics MRC, the Global Pizza Oven Market is accounted for $2.07 billion in 2023 and is expected to reach $3.37 billion by 2030 growing at a CAGR of 7.2% during the forecast period. A pizza oven is a specialized type of oven that is designed for cooking pizzas. Pizza ovens are typically made of brick or clay and can be found in both indoor and outdoor settings. They are designed to reach high temperatures quickly and maintain them consistently, allowing rapid cooking of pizzas. Pizza ovens come in a variety of shapes and sizes; however, they generally have a circular or rectangular opening through which the pizzas are inserted. They may be fuelled by wood, gas, or electricity, and the type of fuel used can affect the flavour and texture of the finished pizza.
According to an article by CNBC, in March 2020, Americans bought $275 million worth of frozen pizzas, which was a 92% increase over the same period a year earlier.
Consumers are increasingly seeking customized pizzas with their preferred toppings and flavours. Pizza ovens with multiple cooking options and temperature controls enable the efficient preparation of personalized pizzas, meeting this demand. Customization makes possible to maximize ingredients by using them in various combinations. The pizza industry is continuously evolving to cater to the demands of modern consumers, embracing novel trends such as ghost kitchens and mobile pizzerias to deliver convenience and accessibility. Therefore, the raising customization trends are accelerating the market growth.
The manufacturing and usage of pizza ovens are subject to various regulations and standards, particularly concerning safety and emissions. Compliance with these standards can pose challenges for manufacturers and increase the overall cost of production. Also, Traditional wood-fired ovens, while popular for their flavour-enhancing properties, may contribute to air pollution and deforestation. The growing restrictions for food safety and environment concerns are hampering the market demand.
Manufacturers can explore product diversification by introducing new types of pizza ovens or incorporating additional features and functionalities. With increasing emphasis on sustainability, energy-efficient pizza ovens have a competitive advantage. As the popularity of pizzas spreads to new regions and countries, the demand for pizza ovens is also boosting. Incorporating wide range of options in oven as per sizes, shape and temperature settings are benefiting the pizza makers drastically. This product diversification can cater to specific customer preferences and requirements, fostering market growth.
Pizza ovens are quite expensive, in part, because they have to be made from materials that can withstand extreme heat. Also, the design has to be very carefully considered to ensure proper cooking of the pizza. Pizza ovens, particularly commercial-grade ones, can be expensive to purchase and install. This cost may deter small businesses or individuals from investing in pizza ovens. Additionally, the pizza oven market is highly competitive; this intense competition can put pressure on pricing strategies and profit margins, impacting market growth.
The COVID-19 pandemic caused widespread disruptions in the supply chain, including logistical challenges, transportation delays, and labor shortages. The closure of restaurants, cafes, and other out-of-home consumption venues resulted in reduced demand for pizza in these channels. However, the impact of the pandemic on the pizza oven market has been mixed. In contrast, the trend of home cooking and restrictions on dine-in restaurants has increased demand for pizza ovens for personal use. As the global situation gradually improves from the pandemic, the demand for pizza and pizza ovens is anticipated to increase due to consumers' renewed interest.
The deck ovens segment is estimated to have a lucrative growth, due to its versatility and heating modes. Deck ovens are ubiquitous to pizza operations, but foodservice operators can use this versatile piece of cooking equipment to prepare a variety of other menu items. In pizza operations, deck ovens provide results similar to wood-fired ovens when creating traditional thin crust pies. Because their hot stone decks directly heat the pizza crust, cooking the dough completely without charring the toppings, pizza deck ovens are ideal for cooking pizza pies. Its robust steam system and baking cycle are fuelling the segment demand.
The electric pizza ovens segment is anticipated to witness the fastest CAGR growth during the forecast period. Electric pizza ovens use electricity to make pizzas. Electric pizza ovens are easy to use and require less expertise than traditional wood-fired ones, making them an attractive option for commercial kitchens. A heating element or a fan serves as the heat source. Since they utilize less electricity, the electrical systems are far more effective. They produce less smoke and require no venting, which makes them a suitable option for indoor commercial kitchens with limited ventilation. Its benefits such as energy efficiency, portability, convenience, ease of use, and ease of maintenance are boosting the segment's growth.
North America is projected to hold the largest market share during the forecast period. USA has the most of the pizza restaurants. In the USA, the sales of pizza restaurants have increased practically continuously over the historical period. The Pizza Restaurants business, which consists of full-service and quick-service restaurants that cook and serve pizza and other similar foods, is growing reasonably in the USA. The country is embracing the fast-food culture as the country has the largest food and beverage industry in the world. Rising disposable income of the population coupled with changing lifestyle of the people is benefitting the market demand in the region.
Europe is projected to have the highest CAGR over the forecast period, owing to the growing demand for customization in pizza and consumer preference for gluten-free pizzas. The largest global franchise Domino's Pizza - Domino's Pizza Group, is based in this country. As a result, the adoption of commercial electric pizza ovens is fairly clear in this nation. Luxurious electric pizza ovens for home are being introduced by manufacturers in this region to appeal to millennial consumers and meet their aesthetic and dynamic tastes. Therefore, elements such as massive urbanization, growing Italian restaurants and have generations of experience & craftsmanship in designing & building pizza ovens are driving the segment demand in the region.
Some of the key players profiled in the Pizza Oven Market include: Turbochef, Nemco Food Equipment, Wood Stone Corporation, Ooni, Avantco Equipment, Gozney Roccbox, Benchmark USA, Blodgett, Bakers Pride, Akasa International, Vollrath, Omcan Inc., APW Wyott, Doyon, Garland Group, Marra Forni, Fontana Forni USA and Forno Bravo.
In September 2023, The Gozney Roccbox has launched a limited-edition version of their award-winning pizza oven in collaboration with US chef, forager and YouTube sensation Brad Leone. In a perfect pairing, Brad joined forces with the Gozney design team to create a signature model that celebrates their shared love of food adventure and the rugged outdoors.
In June 2023, Wood Stone Corporation has launched its latest innovation, the OneRev Rotating Pizza Oven. This revolutionary device is designed to make perfect artisanal pizzas without the pizza chef constantly turning and moving the pizza in the oven.
In March 2023, Ooni Pizza Ovens, the creator and leader of the home pizza oven market, launched two new additions to its multi-award-winning line of ovens: the Ooni Volt 12 Indoor & Outdoor Electric Pizza Oven and the Karu 12G Multi-Fuel Pizza Oven. Building on a decade of experience and innovation, Ooni's new ovens bring a new level of versatility and accessibility to home pizza-making.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.