In 2023, the commercial kettles and braising pans market reached a valuation of USD 54.1 billion and is projected to grow to USD 135.9 billion by 2032, marking a compound annual growth rate (CAGR) of 10.8%.
The increasing number of hotels and restaurants is a key driver behind the growing demand for commercial kettles and braising pans. As the food service industry expands, driven by the rise of restaurants, cafes, and other dining establishments, there’s a parallel surge in the need for commercial cooking equipment, including kettles and braising pans. Moreover, the booming popularity of food delivery services and cloud kitchens further accentuates the demand for efficient and versatile cooking appliances.
The market growth is also propelled by technological advancements and product innovations in commercial kettles and braising pans. Manufacturers are integrating advanced features like programmable controls, energy-efficient heating systems, and enhanced safety measures to enhance the functionality and user experience of these appliances. Notably, the Energy Star program by the U.S. Department of Energy has certified numerous models of commercial kettles and braising pans for their energy efficiency, offering significant cost savings for food service businesses. Additionally, the advent of multi-functional appliances capable of performing various cooking tasks, such as steaming, boiling, and braising, appeals to customers seeking versatile and space-saving equipment.
