The Global Cookware Market size is expected to reach $18.6 billion by 2027, rising at a market growth of 13.6% CAGR during the forecast period. Cookware refers to the different types of pans and pots used in cooking. Cookware and bakeware are basically vessels that are utilized for food preparation in kitchens. Cookware is used to cook food on the stove or other cooktops, while bakeware is used to bake food items in oven. Some utensils act as cookware as well as bakeware.
There are varieties of cookware and bakeware available in the market. They come in different shapes, materials, and inside surfaces. Some materials used in making cookware are good in conducting heat, while some retain heat. Some surfaces of cookware are non-sticky in nature while some need seasoning. The pots and their lids handles are created with materials that have low thermal conductance. These materials include bakelite, plastic, or wood. These make them easy to handle without the need of oven gloves.
Advancement of technology and its implementation in designing non-stick cookware is expected to boost the market growth. It is also expected to bring market competitiveness and forcing the players to come up with a new product with unique features. Manufacturers are brought scratch-resistant, equal heat distribution, and low oil-consuming non-stick cookware to attract consumers. With the consumer’s growing desire for color utensils, some companies are now offering colored non-stick cookware to match their desire. Leading manufacturers from the cookware market are focused on prioritizing R&D and new innovations. This will resonate with the growing consumption of non-stick cookware products like non-stick saute pan, frying pans, roasting pans, and stockpots.
During the covid-19 pandemic, the demand for cookware and bakeware are increasing rapidly. It is mainly due to work from home culture, people are bound to be at their home that compels them to cook at home. The rise in online shopping and increasing focus on health and wellness are the main factors that lead to an increase in demand for cookware during COVID-19. The kitchen nowadays has become a focal point in the home that is why sales of products including cookware have been increased. Many consumers are now ready to invest in branded cookware as they have saved some extra funds by not spending on things like sports, entertainment, and travel during the pandemic situation. They have shifted that saving to their fitness and improving the home environment and wellness.
Based on Application, the market is segmented into Residential and Commercial. The Residential market dominated the Global Cookware Market by Application in 2020, growing at a CAGR of 13.3% during the forecast period. The Commercial market is expected to witness a CAGR of 14.2% during (2021 - 2027).
Based on Product, the market is segmented into Pots & Pans, Spoon, Wok Tumer, Soup Ladle and Whisk. The Pots & Pans market dominated the Global Cookware Market by Product in 2020, growing at a CAGR of 12.9 % during the forecast period. The Spoon market is experiencing a CAGR of 11.9% during (2021 - 2027). Additionally, The Wok Tumer market is estimated to grow at the highest CAGR of 15% during (2021 - 2027).
Based on Material Type, the market is segmented into Stainless Steel, Aluminum, Glass and Others. The Stainless-steel segment acquired the highest revenue share of the market in 2020. The segment would show promising growth rate during the forecast period. The stainless-steel segment would show significant growth during the forecast period. Stainless steel cookware is made as a cladding of stainless steel.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 7.2 Billion |
| Market size forecast in 2027 | USD 18.6 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 13.6% from 2021 to 2027 |
| Number of Pages | 196 |
| Number of Tables | 370 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Application, Product, Material Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia Pacific emerged as the dominating region in the global cookware market with a significant market share. It is anticipated to expand swiftly over the forecast period. The Asia Pacific is among the fastest-growing regional market of cookware. It is due to the increasing demand for cookware in developing countries including India and China. The lifestyles of the people are changing in this region and increasing disposable income is likely to drive the regional market in the coming years.
Free Valuable Insights: Global Cookware Market size to reach USD 18.6 Billion by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Groupe SEB, Newell Brands, Inc., MiddleBy Corporation, Werhahn KG, Target Corporation, Fissler GmbH, Gorenje Group, Meyer Corporation (Anolon), Cuisinart Corporation (Conair Corporation), and Tramontina Multi S.A.
By Application
By Product
By Material Type
By Geography
The cookware market size is projected to reach USD 18.6 billion by 2027.
Improvement in consumer sentiments are driving the market in coming years, however, Disadvantages of aluminium cookware have limited the growth of the market.
Groupe SEB, Newell Brands, Inc., MiddleBy Corporation, Werhahn KG, Target Corporation, Fissler GmbH, Gorenje Group, Meyer Corporation (Anolon), Cuisinart Corporation (Conair Corporation), and Tramontina Multi S.A.
During the covid-19 pandemic, the demand for cookware and bakeware are increasing rapidly. It is mainly due to work from home culture, people are bound to be at their home that compels them to cook at home.
The Stainless-Steel market dominated the Global Cookware Market by Material Type in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $9,687.6 million by 2027, growing at a CAGR of 12.7 % during the forecast period.
The Asia Pacific market dominated the Global Cookware Market by Region in 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 14.4 % during the forecast period.
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