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The global baking tools market was valued at USD 15.3 billion in 2023 and is anticipated to register a CAGR of over 5.1% between 2024 and 2032.
The market is witnessing significant growth driven by lifestyle changes, social media influences, and a growing interest in culinary pursuits, home baking has surged in popularity, significantly propelling the baking tools industry. According to the American Bakers Association, the demand for user-friendly, aesthetically appealing, and multifunctional baking tools has increased as consumers strive to achieve professional-quality results at home. This trend was further amplified by the COVID-19 pandemic, with more individuals engaging in kitchen experiments, leading to a sustained increase in sales of baking gadgets, molds, and decorating tools.
The rising trend of artisan baking and the demand for specialty bakery products are pivotal in driving the growth of the market. The National Association of Home Bakers reports that consumers are gravitating towards high-quality, bespoke baked goods, which in turn boosts the demand for tools that enable precision and creativity. Artisan bakers rely on a range of specialized tools — from silicone molds and dough scrapers to piping kits — to execute diverse recipes and intricate decorative techniques. Recognizing this shift, manufacturers are innovating, emphasizing durable, sustainable, and ergonomic designs tailored for both hobbyists and professionals alike.
The online segment captured 51.5% of the market share in 2023 and is anticipated to grow at a CAGR of 5.2% from 2024 to 2032, driven by the convenience and competitive pricing offered by e-commerce platforms.
The global market size for baking tools was valued at USD 15.3 billion in 2023 and is expected to reach USD 23.7 billion by 2032, driven by a CAGR of over 5.1% from 2024 to 2032.
Major players in the industry include Baker's Secret, Chicago Metallic, Cuisinart, Fat Daddio's, Joseph Joseph, KitchenAid, Le Creuset, Lodge, Nordic Ware, OXO, Pyrex, Rachael Ray, Tovolo, Tupperware, and Wilton.
The U.S. market was valued at USD 3.1 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2032, driven by a robust consumer base and the popularity of home baking.