USD 23.75 billion
Report ID: SQSG25I2003 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 92 | Figures: 76
Cookware Market size was valued at USD 23.75 billion in 2021 and is poised to grow from USD 25.28 billion in 2022 to USD 36.97 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).
The various kinds of pans and pots used in cooking are referred to as cookware. Cookware essentially refers to the containers used in kitchens for food preparation. On the stovetop or other cooktops, food is prepared using cookware. The market offers a wide variety of cookware. They have various internal surfaces, materials, and forms. While some of the materials used to make cookware are good at transferring heat, others trap it. While certain pan surfaces are naturally non-stick, others require seasoning.
The global cookware market is driven by factors such as widespread internet use, an increase in the number of food shows and blogs, and rising domestic use of cookware products. Additionally, the future is predicted to bring about new opportunities due to the rise in health consciousness and changes in consumer lifestyle. In contrast to other factors, consumers are more interested in the quality and performance of cookware products.
US Cookware Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 23.75 billion
To get more reports on the above market click here to Buy The Report
The global cookware market segmentation is based on product, material, application, and region. Based on product the Cookware Market is segmented into pots & pans, pressure cookers, cooking racks, cooking tools, and microwave cookware. Based on material the Cookware Market is segmented into stainless steel, aluminum, glass, and others. Based on application the market is segmented into residential and commercial. Based on region the global cookware market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Cookware Market Analysis by Product
With a market share of almost 30% in 2021, the pots and pans segment dominated. Due to the need for colorful and multifunctional pans, the market for this sector is expected to expand gradually during the forecast period. Consumers buy pans and pots based on their demands, thus these products must satisfy a consumer's individual criteria. Customers favor a wide range of features, patterns, and colors.
Cookware Market Analysis by Material
In 2021, stainless steel had a revenue share of over 50.0 %, dominating the market. During the predicted period, the segment's growth rate would be encouraging. During the projection period, the stainless-steel segment would have significant growth. Cookware constructed of stainless steel is covered in stainless steel. Due to the material's attributes, such as the fact that it does not react with acidic or alkaline foods, does not give a metallic flavor to food, and is dishwasher, oven, and broiler safe, the market is constantly expanding.
Cookware made of aluminum is expected to see the fastest CAGR throughout the forecast period. Excellent heat conductor, aluminum. Cookware that is responsive and lightweight is produced when aluminum is reinforced by the addition of copper, magnesium, or other metals. The market for aluminum cookware has been driven by product innovation.
Cookware Market Analysis by Application
In 2021, the residential application segment's revenue share was above 75% of total revenue. During the forecast period, demand for cookware is expected to increase as a result of expanding residential buildings, rapid urbanization, and rising disposable income of people. During the forecast period, it is predicted that the commercial segment would expand at a quick CAGR. The market growth of the commercial category is driven by the expansion of hotels, restaurants, bakeries, and other food establishments.
To get detailed analysis on other segments, Request For Sample Report
In 2021, Asia Pacific had the highest revenue share (more than 40.0 %). With a sizable market share, the Asia Pacific region took the lead in the global cookware industry. Over the projection period, it is expected to grow quickly. The cookware market in the Asia Pacific is one of the fastest-growing in the world. It is a result of the rising demand for cookware in developing nations like China and India. In the upcoming years, the regional market is projected to be driven by changing lifestyles and rising disposable income in this area.
During the forecast period, the North American area is expected to experience a considerable CAGR. The market for high-end cookware in North America is growing as a result of the region's growing number of households, ongoing residential sector expansion, and significant home remodelling initiatives by local consumers. Customers in the area are likely to purchase expensive cookware to match their kitchen design.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Cookware Market Driver
Cookware Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Businesses that make cookware are making investments to lessen their carbon footprint and are switching to renewable energy sources, which will also help them lower operating and production expenses. In order to become more efficient, businesses are changing their business strategies and launching new goods for institutional customers. For instance, the Middleby Corporation announced the purchase of Welbilt in April 2022. By combining two complementary businesses, this acquisition sought to further both the core competencies in highly lucrative sectors and Middleby's global expansion plan.
Cookware Market Top Players Company Profiles
Cookware Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the pots and pans sector dominated with a market share of approximately 30% in 2021. Stainless steel dominated the market in 2021 with a revenue share of approximately 50.0 %. The residential application category accounted for more than 75% of overall sales in 2021. The Asia Pacific had the biggest revenue share in 2021. (more than 40.0% ). The North American region is predicted to experience a sizable CAGR during the projection period.
|Market size value in 2021||USD 23.75 billion|
|Market size value in 2030||USD 25.28 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Cookware Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cookware Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cookware Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cookware Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.