North America Cookware Market By Application (Residential and Commercial), By Product (Pots & Pans, Spoon, Wok Tumer, Soup Ladle and Whisk), By Material Type (Stainless Steel, Aluminum, Glass and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The North America Cookware Market would witness market growth of 12.2% CAGR during the forecast period (2021-2027). Cookware is a cooking utensil that is used in the kitchen to prepare food. The cookware is mostly made up of material that exhibits such property that does not melt easily.
Cooking utensils or cookware include pots, pans, or baking dishes. They are created from heat-resistant material. There is an increase in the number of television programs that are devoted to food & recipes. These TV shows are driving a large number of consumers particularly housewives, to make new cuisines. This, in turn, increases the usage of cookware products in the home. For example, the demand for non-stick cookware is high because it facilitates cooking with a minimal amount of oil. Both ceramic-coated cookware and cookware coated with Teflon possess excellent non-stick properties. The health concern of Teflon is boosting the demand for ceramic-coated non-stick cookware.
The concerns regarding the Teflon coating have increased since it is believed to have many health risks. Thus, in recent years, some consumers have been shifted their focus to Cast Iron which is considered as non-toxic cookware. Cast Iron also has good heat retention properties and lesser health risk. Therefore, the changing interest of consumers is expected to increase the demand for non-stick cookware during the forecast period.
The demand for non-stick cookware is increasing in the residential category in the USA. It is expected to surge at a steady growth rate in the coming years. Increasing TV shows and Popular Chefs’ influences in the USA has a great impact on the non-stick cookware market. North America is likely to have the highest market share of cookware.
As the new kitchen brands are popping up, they are bringing innovative design ideas to the market. The manufacturers of cookware from the USA are offering a twist on old appliance designs in kitchen showrooms across the country. They are expected to boost the demand for cookware in this region during the forecast period.
The US market dominated the North America Commercial Market by Country in 2020, thereby, achieving a market value of $817.9 million by 2027. The Canada market is experiencing a CAGR of 15.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 14.5% during (2021 - 2027).
Based on Application, the market is segmented into Residential and Commercial. Based on Product, the market is segmented into Pots & Pans, Spoon, Wok Tumer, Soup Ladle and Whisk. Based on Material Type, the market is segmented into Stainless Steel, Aluminum, Glass and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cookware Market is Estimated to Reach USD 18.6 Billion by 2027 at a CAGR of 13.6%
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.
Scope of the Study
Market Segments Covered in the Report:
- Pots & Pans
- Wok Tumer
- Soup Ladle
By Material Type
- Stainless Steel
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Groupe SEB
- Newell Brands, Inc.
- MiddleBy Corporation
- Werhahn KG
- Target Corporation
- Fissler GmbH
- Gorenje Group
- Meyer Corporation (Anolon)
- Cuisinart Corporation (Conair Corporation)
- Tramontina Multi S.A.
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