Report Ocean presents a comprehensive research report on Cookware, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Cookware.
The global cookware market size was US$ 19.9 billion in 2021. The global cookware market is projected to grow to US$ 34.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.9% during the study period from 2022 to 2030.
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Food is a vital requirement for human survival; therefore, cooking is a decade-long activity that one either engages in out of necessity, out of personal pleasure, or as a vocation. Food was typically cooked in earthenware or mud pots; however, advancements have led to the use of modern cookware goods and methods.
COVID-19 Impact Analysis
The COVID-19 disease outbreak has negatively affected the majority of the segments of the consumer goods industry. Due to the crisis, most of the hospitality industry recorded a sharp loss, which ultimately affected the cookware market. The impact of the COVID-19 pandemic on the cookware market was apparent due to pay reductions and lockdown orders, which restricted people from going outside.
Factors Influencing the Market
The widespread use of the internet, the rise in food shows, and the rise in food blogging are some of the main factors contributing to the popularity of cookware. As a result, cookware products are used more frequently in household settings. These elements are the main growth pushing factors behind the global cookware market.
Additionally, it is anticipated that rising cookware trends and consumer lifestyle changes, together with an increase in health consciousness and home cooking, will drive market expansion in the near term.
The growing trend of cloud kitchens in the food service sector is expected to present potential prospects for market growth during the analysis period.
The popularity of meals prepared at home has been greatly influenced by millennials, and this has increased the demand for cookware items. Some of the trends reshaping the residential cookware industry include more colour, flexible pieces for smaller spaces, and items that cater to consumers’ specific needs.
Furthermore, the market is expanding due to the increase in commercial kitchens, cafes, and restaurants. The need for cookware is being driven by the commercial sector’s rapid construction, particularly in the hospitality industry.
Regional Analysis
The Asia-Pacific cookware market is expected to garner the highest market share. The growth of the regional market is attributable to the rising number of restaurants and hotels in the region, owing to the steeply growing tourism industry and considerable economic growth.
The Asia-Pacific cookware market is expected to have a considerable contribution due to the rising adoption of advanced products such as smart ovens and smart deep fryers. Further, factors like changing lifestyle of people and growing demand for fast food in the region will present potential prospects for the cookware market expansion.
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Competitors in the Market
Conair Corporation
Fissler GmbH
Groupe seb
Hawkins cookers limited
Meyer corporation
Newell brands
Prestige
Vinod Cookware
Wilh. Werhahn KG.
Target Brands, Inc.
Other Prominent Players
Market Segmentation
The global cookware market segmentation focuses on Product, Material, Distribution Channel, and Region.
By Product Type
Pots and pans
Cooking pans
Ovenware
Pressure Cooker
Wok
Griddle
Cooking accessories
By Material
Stainless steel
Aluminum
Glass
Nonstick
By Distribution Channel
Online
Offline
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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