The global conveyor oven market is gaining from changing food habits in several parts of the world. Globalization, economic liberalization, and proliferation of media in nations such as India coupled with rising disposable incomes have been key factors for the adoption of newer foods, of which baked foods are one. The movement of people because of work opportunities and leisure travel have also created a fancy for new foods such as baked goods.
Globally, rising demand for baked goods is primarily driving the global conveyor oven market. The increasing consumption of baked goods such as pizzas, cakes, and cookies have played a major role in the growth of food industry and ancillary industries. For instance, pizzerias display a substantially high demand for conveyor ovens as they help reduce cooking time considerably, which in turn helps attain efficiency and improved customer experience.
A report by Transparency Market Research projects the global conveyor oven market to rise at a CAGR of 3.7% during the forecast period between 2017 and 2025, for the market to become worth US$123.2 mn by the end of 2025.