Published Date: 24-Nov-2021
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According to a new report Global Nonstick Cookware Market, published by KBV research, The Global Nonstick Cookware Market size is expected to reach $14.3 billion by 2027, rising at a market growth of 6.2% CAGR during the forecast period.
The supermarkets & hypermarkets segment procured the highest revenue share in 2020. At the time of shopping from a supermarket or hypermarket, customers are mostly being selective and observant since a product can be compared to similar ones from other brands, thus, customers can make a better purchasing decision. Nonstick cookware is available in various price ranges at supermarkets & hypermarkets and hence, consumers can select a product that suits their budget among all the local and global brands.
The Teflon-coated segment acquired the highest revenue share of the market in 2020. It is due to the stiffness and longevity of the material, which is making it more popular among middle-income families. Cookware coated with Teflon has a frictionless surface that assists in cooking the food easily.
The Europe market dominated the Global Nonstick Cookware Market by Region in 2020. The Asia Pacific market is estimated to grow at the highest CAGR of 7.1% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 4.9% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Cookware Company, Groupe SEB, Newell Brands, Inc., TTK Prestige Limited, Berndes Cookware (BERNDES Küche GmbH), Crown Cookware, Meyer Corporation (Meyer Manufacturing Co. Ltd.), Scanpan USA, Inc., and Hawkins Cookers.
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