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The cookware market size is forecast to increase by USD 10.32 billion at a CAGR of 5.88% between 2023 and 2028. The exponential rise in enameled cookware sales serves as the driving force behind market expansion. Enameled cookware is increasingly preferred by both chefs and consumers due to its robustness, versatility, and aesthetic charm. Various factors, including culinary innovation, sustainability, aesthetic preferences, health consciousness, and technological advancements, contribute to the steady growth of this market segment.
A significant trend shaping market dynamics is the surging demand for eco-friendly ceramic-coated non-stick cookware, particularly in modular kitchens and home remodeling projects. This demand reflects a broader trend towards sustainable products, driven by concerns about deforestation and climate change. As disposable income levels rise, consumers are willing to invest in high-quality cookware, especially in residential segments and kitchen remodeling projects. Market analysis underscores the importance of understanding consumer preferences and catering to the growing demand for sustainable and high-end cookware products in both residential and commercial sectors..
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The offline segment is estimated to witness significant growth during the forecast period. The major mode of selling cookware through the offline channel is the retail stores. The distribution channels include retail formats such as supermarkets, hypermarkets, convenience stores, and warehouse clubs. These products are available in varied sizes, packaging, and brands. The offline retail formats help in generating most of the revenue of the global market.
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The offline segment was the largest segment and was valued at USD 19.76 billion in 2018. Market players are focusing on increasing their offline sales by widening their operations at different locations. This helps the company to generate and sell products efficiently and cater to every consumer category in large geographic areas. The huge growth in retail channels in different cities and regions will drive customer familiarization with different types of cookware. Thus, these factors will drive the market segment during the forecast period.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some consumers in APAC prefer traditional gas stovetops over induction cooktops. With the inclusion of the rural customer base in India and China, the vast customer base in these countries provides high potential for market players. Furthermore, the growth of the unorganized sector in an already fragmented market in APAC is expected to further affect the revenue share of market players. However, personalized selling and the rapid penetration of online distribution channels in these countries will ensure the dominance of APAC in the global cookware market during the forecast period.
The market is experiencing rapid growth, driven by the increasing demand for enameled cookware, which is becoming a staple in both residential and commercial kitchens. A notable trend in this market is the rising popularity of ceramic-coated non-stick cookware, appealing to consumers seeking healthier cooking techniques and eco-friendly options. However, amidst this growth, challenges arise, particularly concerning the growing threat from the unorganized sector, which poses a challenge to established brands. With the rise in standard of living and residential sector expansions, consumers are increasingly investing as part of their home improvement projects and essential kitchen upgrades.
This trend is further fueled by the working population's reliance on food-away-from-home options, driving demand for durable and affordable household products. Market growth analysis and forecasting indicate sustained growth in both the residential and commercial segments of the market. As consumers focus on eco-friendly cookware, the market is witnessing a surge in demand for non-stick coated segment, pots pans segment, pressure cooker segment, and stainless steel segment cookware, both in commercial constructions such as eateries and restaurants and in supermarket hypermarket segments.
The rapid expansion of enameled cookware is pivotal in propelling market growth. Esteemed for its durability, adaptability, and aesthetic charm, it has become a favored choice among chefs and consumers. Various factors contribute to its steady ascent, including culinary innovation, sustainability, aesthetics, health consciousness, and technological advancements. This surge in popularity extends to developing economies, where affordability and functionality are paramount.
Additionally, the standard non-coated segment witnesses growth as consumers prioritize essential repairs and home renovations, leveraging homeowners' equity. Market research and growth analysis indicate a promising future, with forecasts projecting sustained market expansion, particularly in food joints and household kitchens worldwide.
The rising popularity of ceramic-coated non-stick cookware is the primary trend shaping market growth. Ceramic has emerged as a popular alternative to traditional porcelain non-stick coatings in cookware products over the last few years. Ceramic-coated non-stick utensils comprise an aluminum base coated with a silicone layer formed using sol-gel. The addition of silicone oil to the cooking surface provides non-stick properties to the product.
Moreover, some market players, such as Hawkins Cookers and Werhahn Group, offer a range of ceramic-coated non-stick products. With the rising global emphasis on green living and carbon footprint minimization, ceramic is expected to replace traditional PTFE as the preferred non-stick coating material, which can grow the global market during the forecast period.
The growing threat from the unorganized sector is a challenge that affects market growth. The presence of the unorganized sector in the global market over the last few years, especially in developing countries in APAC, such as India and China, has been a major hurdle for market players. The presence of a diverse customer base in these emerging economies poses market penetration challenges to organized market players.
Furthermore, organized market players such as TTK Prestige and Hawkins Cookers have lost significant market share to the unorganized sector due to low market penetration in rural areas, which account for a high customer base in countries such as India and China. Hence, the growth of the unorganized sector in the global market is expected to continue to impede market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is thriving amidst evolving consumer preferences and lifestyle trends. The commercial sector witnesses a surge in demand driven by the food-away-from-home trend, prompting the development of multi-functionality cookware suitable for various cooking methods. Cast iron remains popular in both residential and commercial segments, with a focus on sustainable and eco-friendly materials like recycled aluminum. Urbanization and the rise of middle-class and high-income groups fuel the market, with online sales of cookware catering to urban lifestyles. Safety and quality are paramount, leading to innovations in production processes and the use of non-reactive materials like copper and stainless steel. Versatile cookware options, including bakeware and advanced non-stick surfaces, offer convenience and minimal oil usage for easy cleanup, satisfying consumers' desire for efficient and eco-conscious kitchen solutions.
Moreover, the market is evolving to meet the diverse needs of the residential segment, with supermarkets and hypermarkets offering a wide range of options. From middle-class households to luxury kitchens, consumers prioritize kitchen appliances with non-reactive properties and sustainable materials, avoiding harmful chemicals. Urban living spaces drive demand for space-efficient cookware, including versatile pans for baking, steaming, and more. Innovative materials like titanium and carbon steel offer non-toxic properties, while traditional retail outlets like department stores and appliance retailers remain key distribution channels. Non-stick pans, baking trays, and griddles cater to various cooking preferences, while induction cooking technology and tri-ply aluminum inner cores ensure precise temperature control. With a focus on safety and functionality, the cookware industry continues to innovate, providing consumers with high-quality options for their culinary needs.
Cookware Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.88% |
Market Growth 2024-2028 |
USD 10.32 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.19 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
CRISTEL SAS, De Buyer, Electrolux AB, Hawkins Cooker Ltd., Hisense International Co. Ltd., I.L.L.A. S.p.A., Le Creuset France, Meyer Group Ltd., Newell Brands Inc., Nordic Ware, SCANPAN, SEB Developpement SA, Seeba Industries Pvt Ltd., Supreminox SA, Suraj Metal Industries, The Middleby Corp., The Vollrath Co. LLC, TTK Prestige Ltd., Vinod Cookware, and Wilh. Werhahn KG |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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