Cast Iron Cookware Market Report 2024

The cast iron cookware market size has grown strongly in recent years. It will grow from $2.28 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth during the historic period can be attributed to several factors, the increasing popularity of home cooking and culinary arts, heightened consumer awareness of the health benefits associated with cast iron cookware, a growing trend towards eco-friendly and sustainable kitchenware, rising disposable incomes allowing for greater expenditure on premium cookware, and the influence of celebrity chefs and cooking shows advocating for cast iron cookware.

The cast iron cookware market size is expected to see strong growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth during the forecast period can be attributed to several factors, a continued preference for durable and long-lasting cookware, the expansion of online retail channels making cast iron cookware more accessible, a growing consumer interest in traditional cooking methods, increasing focus on kitchen aesthetics and stylish cookware designs, and rising demand for versatile cookware suitable for various cooking techniques. Key trends expected during this period include the development of lightweight cast iron cookware to attract a broader audience, increased adoption of enameled cast iron cookware for its aesthetic appeal and ease of maintenance, the emergence of smart cast iron cookware with integrated temperature sensors, the expansion of personalized and customizable cast iron cookware options, and the rise of direct-to-consumer brands offering premium cast iron cookware.

The expansion of the food service industry is expected to drive the growth of the cast iron cookware market. The food service sector includes the preparation, delivery, and serving of food and beverages across various venues such as restaurants, cafeterias, and catering operations. This industry is expanding due to factors such as rising consumer demand for convenience, increasing disposable incomes, urbanization, and the growth of food delivery services and innovative dining options. Cast iron cookware is favored in food service for its superior heat retention, even cooking, durability, and versatility, all of which contribute to high-quality and flavorful food. For example, the U.S. Department of Agriculture reported in July 2023 that the food service and food retailing industries generated around $2.11 trillion in food sales in 2021, which increased to $2.39 trillion in 2022. Specifically, food service facilities contributed $1.16 trillion in 2021 and $1.34 trillion in 2022. Thus, the growth of the food service industry is fueling demand for cast iron cookware.

Key players in the cast iron cookware market are concentrating on technological innovations, such as advanced NITRO heat treatment technology, to stay competitive. NITRO heat treatment involves introducing nitrogen into metal surfaces at high temperatures to enhance hardness, wear resistance, and corrosion resistance, making it ideal for durable components. For instance, Meyer Corporation, a U.S.-based cookware manufacturer, introduced the Rachael Ray NITRO Cast Iron collection in April 2023. This collection utilizes NITRO heat treatment to address common issues with traditional cast iron cookware, such as rust, chipping, and staining. The new cookware offers superior heat retention, improved non-stick performance, and greater resistance to rust and wear. It is oven-safe up to 500°F and compatible with all cooktops, including induction, offering versatility for various cooking techniques.

In June 2023, Meyer Corporation acquired Great Jones for an undisclosed amount. This acquisition aims to combine Meyer's innovative product development and operational expertise with Great Jones’s focus on enhancing the cooking experience for home chefs. Great Jones is known for its enameled cast-iron Dutch ovens.

Major companies operating in the cast iron cookware market are Target Corporation, Groupe SEB, Williams-Sonoma Inc., Tramontina Inc., Meyer Corporation, The Coleman Company Inc., Le Creuset, The Vollrath Company LLC, Fissler, TTK Prestige Ltd., Lodge Manufacturing Company, Cuisinart, Camp Chef Inc., Made In, Randall Company, Tablecraft, American Metalcraft Inc., Smithey Ironware Company, Texsport, Griswold Cookware, Stargazer Cast Iron, FINEX Cast Iron Cookware Company, Butter Pat Industries, Challenger Breadware, Lava Cookware, Marquette Castings, Old Mountain LLC, Victoria Cookware.

North America was the largest region in the cast iron cookware market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cast iron cookware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cast iron cookware market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cast iron cookware refers to kitchen utensils made from cast iron, a material renowned for its durability and versatility. It offers excellent heat retention and even heating, making it ideal for frying, baking, and simmering. Cast iron cookware can be used on various heat sources, including stovetops, ovens, and campfires. To maintain its non-stick surface and prevent rust, proper seasoning and maintenance are essential.

The main types of cast iron cookware include enamel-coated, unseasoned, and seasoned. Enamel-coated cast iron cookware is made from cast iron and covered with a layer of enamel, which prevents rust and provides a non-reactive cooking surface. Different styles of cast iron cookware include camp pots, Dutch ovens, woks, skillets, griddles, bakeware, and others. These products are distributed through both online and offline channels and are used in various applications, including residential and commercial settings.

The cast iron cookware market research report is one of a series of new reports that provides cast iron cookware market statistics, including cast iron cookware industry global market size, regional shares, competitors with an cast iron cookware market share, detailed cast iron cookware market segments, market trends, and opportunities, and any further data you may need to thrive in the cast iron cookware industry. This cast iron cookware market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cast iron cookware market consists of sales of bread pans, baking sheets, and pizza pans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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