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The nonstick cookware market share is expected to increase by USD 1.29 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.28%.
This nonstick cookware market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers nonstick cookware market segmentation by product (PTFE coating, ceramic coating, and hard anodized aluminum coating) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The nonstick cookware market report also offers information on several market vendors, including Bhalaria Metal Craft Pvt. Ltd., Bradshaw Home Inc., Cuisinart, GreenPan, Groupe SEB, Hawkins Cooker Ltd., Le Creuset, Maspion Group, Meyer Corp., Neoflam, Newell Brands Inc., Nirlep Appliances Pvt. Ltd., Pigeon Corp., SCANPAN USA Inc., Swiss Made Brands USA Inc., The Cookware Co., TTK Prestige Ltd., Usha Shriram Enterprises Pvt. Ltd., Vinod Cookware, and Berndes Cookware USA among others.
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"The nonstick cookware market in North America is expected to witness moderate growth."
The increasing awareness about healthy and convenient cooking practices is notably driving the growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nonstick cookware industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Nonstick Cookware Market Driver
One of the key factors driving growth in the nonstick cookware market is the increasing awareness about healthy and convenient cooking practices. Globally, nonstick cookware is increasingly adopted by consumers due to its convenience and health benefits. The health benefit of nonstick cookware is that it cooks food will little or no oil. The taste of food cooked with nonstick cookware is also not compromised. The global population has concerns about eating habits and their side effects. To avoid diseases that are caused by excess cholesterol, consumers prefer oil-free cooking. Oil-free cooking is not possible in other cookware like stainless steel or cast iron. Convenience factors of nonstick cookware include its ease of cleaning, scratch-resistant properties, and sleek designs of the cookware. The manufacturer of nonstick cookware also offers innovative designs to make products compact and attractive to consumers. These benefits of nonstick cookware encourage people to prefer nonstick cookware to other types of utensils.
Key Nonstick Cookware Market Trend
The increasing online sales of nonstick cookware is a nonstick cookware market trend that is expected to have a positive impact in the coming years. The availability and credibility of nonstick products in emerging economies was a big challenge for the global nonstick cookware industry. With the increased penetration of the internet, the availability of nonstick cookware across channels has increased. Customers also do not face difficulties in accessing premium and global brands from any part of the world. Moreover, the online distribution channel aids consumers in making well-informed decisions. The cost of logistics is largely saved through the online distribution channel. Vendors provide competitive pricing through the online distribution channel. Hence, the online distribution channel helps vendors compete with the unorganized sector in terms of price. Therefore, the growth of the online distribution channel in the global nonstick cookware will be a key trend in the market.
Key Nonstick Cookware Market Challenge
The volatility in raw material prices will be a major challenge for the nonstick cookware market during the forecast period. Aluminum metal is the key raw material used in the manufacturing process of nonstick cookware. The price of aluminum has a significant impact on the manufacturing costs and profit margins for vendors. Intense competition from the organized and unorganized sectors is restricting vendors from transferring additional costs to consumers. Prices of aluminum were fluctuating between 2013 and 2018. Since aluminum prices are vulnerable to external factors, it is expected to be a key challenge for manufacturers in the global nonstick cookware market.
This nonstick cookware market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global nonstick cookware market as a part of the global housewares and specialties market (specialties are small household products) within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nonstick cookware market during the forecast period.
The parent market, the global housewares, and specialties market, covers a variety of product categories, including cookware, bakeware, tableware, kitchen electrics, and kitchen tools and accessories. Technavio calculates the global household durables market size based on the combined revenues generated by manufacturers of household durables, including consumer electronics, homebuilding, household appliances, houseware and specialties, and leisure products.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the nonstick cookware market encompasses successful business strategies deployed by the key vendors. The nonstick cookware market is fragmented and the vendors are deploying growth strategies such as focusing on quality, product differentiation, and innovation to compete in the market.
Groupe SEB - Groupe SEB is a public company headquartered in France. It is a global company generating $8,516.07 million in revenues and has around 32,847 employees. Its revenue from the global nonstick cookware market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
Groupe SEB - In November, the company's brand WMF launched a new sustainable To-Go product.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The nonstick cookware market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the nonstick cookware market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from North America during the forecast period. The US is the key market for nonstick cookware in North America. Market growth in this region will be slower than the growth of the market in other regions.
The increasing awareness about healthy and convenient cooking practices and growing number of households will facilitate the nonstick cookware market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
During the COVID-19 pandemic, the rise in the popularity of home cooking has increased the demand for nonstick cookware products in North America. Consumers have not only tried new recipes at home but are also improving their cooking skills. The market for nonstick cookware is rising due to the growth of the hospitality industry. The growth of the restaurant and hospitality industry is primarily due to companies reorganizing their operations and recovering from the COVID-19 impact, which previously resulted in restrictive containment measures, such as social distancing, remote working, and the closure of commercial activities, all of which created operational challenges.
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The nonstick cookware market share growth by the PTFE segment will be significant during the forecast period. The market by PTFE coating was the largest segment of the global nonstick cookware market. However, the popularity of nonstick cookware with PTFE coating is gradually decreasing due to the toxicity of PTFE, thereby affecting the market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the nonstick cookware market size and actionable market insights on post COVID-19 impact on each segment.
Nonstick Cookware Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.28% |
Market growth 2022-2026 |
$ 1.29 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.73 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Bhalaria Metal Craft Pvt. Ltd., Bradshaw Home Inc., Cuisinart, GreenPan, Groupe SEB, Hawkins Cooker Ltd., Le Creuset, Maspion Group, Meyer Corp., Neoflam, Newell Brands Inc., Nirlep Appliances Pvt. Ltd., Pigeon Corp., SCANPAN USA Inc., Swiss Made Brands USA Inc., The Cookware Co., TTK Prestige Ltd., Usha Shriram Enterprises Pvt. Ltd., Vinod Cookware, and Berndes Cookware USA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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