The global cookware market was valued at $19.0 billion in 2020, and is projected to reach $34.1 billion by 2030, growing at a CAGR of 6% from 2021 to 2030.Cookware is a cooking utensil that is used in the kitchen to prepare food. The cookware is mostly made up of material with a property that it does not melt easily. Cooking utensils or cookware include pots, pans, or baking dishes. These cooking wares are widely adopted in caterings, full-service restaurants, quick service restaurants, for preparation and storage of various cuisines. In addition, they are majorly used in residential application. Rise in business-related travel and increase in number of food joints such as hotels & restaurants are the major factors that fuel the growth of the food service industry, which, in turn, drives the demand for cookware market.
Innovations in commercial cooking equipment boost the adoption of cookware products as it can be used for the pre-preparation of the food. Moreover, shift toward dining out and growing number of households is also a driving factor for global cookware market.
The cookware market is segmented on the basis of type, material, distribution channel and region. Depending on type, the market is categorized into pots & pans, cooking pans, ovenware, pressure cooker, wok, griddle and cooking accessories. By material, it is classified into stainless steel, aluminum, glass and non-stick. By distribution channel, it is bifurcated into online and offline. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The report highlights the drivers, restraints, opportunities, and growth in strategies adopted by the key players to understand the dynamics and potential of the market. Key players operating in the global cookware market are profiled to provide a competitive landscape of the market space.
Innovations in commercial cooking equipment boost the adoption of cookware products as it can be used for the pre-preparation of the food. Moreover, shift toward dining out and growing number of households is also a driving factor for global cookware market.
The cookware market is segmented on the basis of type, material, distribution channel and region. Depending on type, the market is categorized into pots & pans, cooking pans, ovenware, pressure cooker, wok, griddle and cooking accessories. By material, it is classified into stainless steel, aluminum, glass and non-stick. By distribution channel, it is bifurcated into online and offline. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The report highlights the drivers, restraints, opportunities, and growth in strategies adopted by the key players to understand the dynamics and potential of the market. Key players operating in the global cookware market are profiled to provide a competitive landscape of the market space.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the cookware industry with current and future trends to elucidate the imminent investment pockets in the market.
- It presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- Porter’s five forces model analysis of the industry illustrates the potency of the buyers and suppliers.
- Market player positioning in the report provides a clear understanding of the position of the leading companies.
Key Market Segments
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
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Asean
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- conair corporation
- Fissler GmbH
- groupe seb
- hawkins cookers limited
- meyer corporation
- newell brands
- prestige
- Vinod Cookware
- Wilh. Werhahn KG.
- Target Brands, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: COOKWARE MARKET, BY PRODUCT TYPE
CHAPTER 5: COOKWARE MARKET, BY MATERIAL
CHAPTER 6: COOKWARE MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: COOKWARE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Cookware Market,' the cookware market was valued at $19.0 billion in 2020, and is estimated to reach $34.1 billion by 2030, growing at a CAGR of 6% from 2021 to 2030.Cooking is an activity that one performs out of necessity or has a personal interest, or rather takes it up as a profession, because food is the basic necessity for human survival. Traditionally, mud pots or earthen cookware were used to cook food. But with the evolution of human beings and the development of economies & technology gave rise to the production of modern cookware products and techniques. Due to this, the cookware industry has started expanding. An increasing number of chefs, the growing popularity of cooking shows, inclination of both men and women in cooking practices, engagement of children in cooking to try out new dishes, increase in popularity of international level cooking competitions, and the advent of new dishes requiring specialized cookware are becoming popular cookware market trends and it is expected to drive the demand for cookware in the market.
In almost every industry, health & fitness and usage of eco-friendly products have become an ongoing trend. The cookware sector is observing a similar trend, where demand for green or sustainable products that cause no harm to the surroundings is on the rise. For instance, chefs across the globe prefer cookware or eco-friendly pans that do not cause any harm to consumer health. Cuisinart’s green gourmet non-stick cookware is one such non-stick cookware that consumes less energy and also limits carbon emissions.
The cooking pans segment was the highest contributor to the cookware market size, garnering a share of 32% in 2020, owing to the fact that cooking pans allow to enhance the cooking speed. This segment is also estimated to witness a healthy growth in the future.
In 2020, by material, the stainless steel segment acquired the maximum cookware market share of around 45%, and is anticipated to grow with the healthy CAGR of 6.0% during the cookware market forecast period. This has attributed to rise in stainless steel is more durable and it does not corrode and it does not get affected by heat easily. And it is easier to maintain. In addition, stainless steel and aluminum material cookware does not react with food and it keeps the food healthy.
However, materials such as nonstick cookware is a utensil whose surface is engineered in such a way that the risk of food items to stick on the cookware minimizes. A coating of a smooth texture (non-stick coating) on non-stick cookware prevents the food from sticking to the utensil or from getting burned or overcooked. A variety of non-stick cookware is present in the global market, coated by using different raw materials such as Teflon, aluminum, enameled iron, ceramic, and many others.
Using non-stick cookware enables less oil utilization while cooking and it is also easy to wash as there are no remains of food stuck on the cookware. Also, non-stick cookware is available in different shapes, sizes, colors, and materials, which supports its market growth. Therefore, non-stick market is projected to witness growth significantly during the forecast period. Rise in business-related travel and increase in number of food joints such as hotels & restaurants fuel the cookware market growth because of commercial end users.
According to the cookware market analysis, by region, Asia-Pacific is expected to witness the highest growth rate of 6.3% during the forecast period, owing to increase in adoption of westernization among the consumers and their rise in disposable income are few of the major factors supporting the growth of cookware demandand will creates the cookware market opportunities.
Key findings of the Study
- Region wise, Asia-Pacific is anticipated to lead the cookware market in 2030, growing at a CAGR of 6.3%, from 2021 to 2030.
- By type, the cooking pans segment occupied nearly 32% of the global market share in 2020.
- By material, the stainless steel segment dominated the overall market in 2020, and is expected to grow at a CAGR of 6.0% during the forecast period.
- The nonstick segment is anticipated to grow at a significant CAGR of 6.6%.
Companies Mentioned
- conair corporation
- Fissler GmbH
- groupe seb
- hawkins cookers limited
- meyer corporation
- newell brands
- prestige
- Vinod Cookware
- Wilh. Werhahn KG.
- Target Brands, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 276 |
| Published | May 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 19 billion |
| Forecasted Market Value ( USD | $ 34.1 billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
