The global kitchenware market size is expected to reach USD 102.78 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030. Growing hospitality industry, urbanization, increasing number of households, and rising disposable income are some of the prominent factors for the market growth.
The tableware segment dominated the global industry and accounted for a revenue share of 54.7% in 2023. Some of the primary factor driving the growth for this segment include rising urbanization, changing lifestyles, urban home settings with greater number of utilities fixed in lesser space, and availability of well-designed dining setups. The cookware segment is expected to experience the fastest CAGR of 7.4% from 2024 to 2030. Growing consciousness about dietary preferences and increased inclination towards home cooking are driving growth for this segment.
Supermarket/hypermarket segment dominated the global industry in 2023. Consumers prefer to inspect products physically before purchasing them while seeking assurance about quality and suitability for their needs is fueling the market growth. The online distribution segment is expected to experience a significant CAGR during the forecast period. Increasing usage and penetration of the internet in the rural areas is influencing the segment growth. Young working consumer group with hectic schedules prefer to shop online due to easy accessibility and door step services with replacement and return guarantees. These are the prominent factors boosting the segment growth.
Asia Pacific kitchenware market dominated the global industry with revenue share of 40.5% in 2023. Changing lifestyles, increasing disposable income levels, and availability of diverse product portfolios offered by the domestic as well as international brands are expected to drive the growth of this regional market in the forecast period. Countries such as India and China are experiencing an increase in the demand for traditional and contemporary kitchenware, driven by higher incomes and the abundance of cooking content on multiple online platforms.
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The tableware segment dominated the global industry and accounted for a revenue share of 54.7% in 2023. Some of the primary factor driving the growth for this segment include rising urbanization, changing lifestyles, urban home settings with greater number of utilities fixed in lesser space, and availability of well-designed dining setups. The cookware segment is expected to experience the fastest CAGR of 7.4% from 2024 to 2030. Growing consciousness about dietary preferences and increased inclination towards home cooking are driving growth for this segment.
Supermarket/hypermarket segment dominated the global industry in 2023. Consumers prefer to inspect products physically before purchasing them while seeking assurance about quality and suitability for their needs is fueling the market growth. The online distribution segment is expected to experience a significant CAGR during the forecast period. Increasing usage and penetration of the internet in the rural areas is influencing the segment growth. Young working consumer group with hectic schedules prefer to shop online due to easy accessibility and door step services with replacement and return guarantees. These are the prominent factors boosting the segment growth.
Asia Pacific kitchenware market dominated the global industry with revenue share of 40.5% in 2023. Changing lifestyles, increasing disposable income levels, and availability of diverse product portfolios offered by the domestic as well as international brands are expected to drive the growth of this regional market in the forecast period. Countries such as India and China are experiencing an increase in the demand for traditional and contemporary kitchenware, driven by higher incomes and the abundance of cooking content on multiple online platforms.
Kitchenware Market Report Highlights
- By product, the cookware segment is expected to experience the fastest CAGR of 7.4% from 2024 to 2030.
- The residential application segment held the largest revenue share of global industry in 2023.
- Supermarket/hypermarket segment dominated the global industry in 2023. Consumers prefer to inspect products physically before purchasing them while seeking assurance about quality and suitability for their needs is fueling the market growth.
- Europe kitchenware market is anticipated to witness significant growth from 2024 to 2030. Shifting trends in eating culture such as the increasing prominence of social and casual dining have resulted in an increased demand for innovative kitchenware products in the region.
The leading players in the Kitchenware market include:
- GROUPE SEB
- Wilh. Werhahn KG
- Target Brands, Inc.
- Meyer International
- Fissler
- Tramontina
- Newell Brands
- SCANPAN
- TTK Prestige Ltd.
- The Vollrath Company, LLC
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Kitchenware Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Kitchenware Market: Product Estimates & Trend Analysis
Chapter 6. Kitchenware Market: Application Estimates & Trend Analysis
Chapter 7. Kitchenware Market: Distribution Channel Estimates & Trend Analysis
Chapter 8. Kitchenware Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
The leading players in the Kitchenware market include:- GROUPE SEB
- Wilh. Werhahn KG
- Target Brands, Inc.
- Meyer International
- Fissler
- Tramontina
- Newell Brands
- SCANPAN
- TTK Prestige Ltd.
- The Vollrath Company, LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 65.23 Billion |
| Forecasted Market Value ( USD | $ 102.78 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
