Cookware Industry Overview
The global cookware market size was valued at USD 23.75 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. The rising preference for modular kitchens, coupled with the improving living standards, is driving the demand for cookware products in the commercial and residential sectors.
The COVID-19 pandemic has brought in a seismic shift in people’s attitudes towards wellness and the kitchen environment. The industry has been witnessing a few pivoting factors determining consumers’ spending on cookware, i.e., working from home, conducting purchases on online platforms, and additional spending leeway realized from not having any outdoor leisure and travel expenditure.
Gather more insights about the market drivers, restraints and growth of the Global Cookware Market
Increased spending on home improvement projects or home remodeling is also boosting the product demand owing to the rising inclination of consumers toward modular kitchens. According to the Leading Index for remodeling activity, home improvement spending has risen at 6% annually in the last three years since 2015. Moreover, manufacturers are partnering with contractors and builders for home construction with appropriate cookware products in the kitchen.
Millennials have significantly driven the popularity of cook-at-home meals, which, in turn, is driving the demand for cookware products. More color, adaptable pieces for smaller spaces, and pieces that meet consumers’ individual needs are some of the trends shaping the market for cookware in the residential sector.
Furthermore, the growth of commercial kitchens, eateries, and restaurants is propelling the growth of the market. Rapid construction in the commercial segment, particularly the hospitality sector, is driving the need for cookware. Dining out has become more than just about eating for consumers and food joints. In the hospitality sector, customer retention goes beyond food and depends on how good the overall experience has been for the patrons.
With concerns over climate changes and deforestation, consumers are increasingly demanding sustainable products. Cookware made from sustainable materials that are free of glues, polymers, coatings, or dyes is in demand now more than ever. Consumers are seeking products that are sustainable while also having an aesthetic appeal. For instance, Our Place, a Los Angeles-based company, manufactures cookware that is ethically made with responsible materials and is Teflon as well as PTFE-free.
Browse through Grand View Research's Homecare Décor Industry Related Reports
- Kids Storage Furniture Market - The global kids storage furniture market size was valued at USD 10.86 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 20.3% from 2023 to 2030.
- Contract Furniture Market - The global contract furniture market size was valued at USD 140.17 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030.
Cookware Market Segmentation
Grand View Research has segmented the global cookware market on the basis of product, material, application, distribution channel, and region:
Cookware Product Outlook (Revenue, USD Million, 2017 - 2030)
- Pots and Pans
- Pressure Cooker
- Cooking Racks
- Cooking Tools
- Microware Cookware
Cookware Material Outlook (Revenue, USD Million, 2017 - 2030)
- Stainless Steel
- Aluminum
- Glass
- Other
Cookware Application Outlook (Revenue, USD Million, 2017 - 2030)
- Residential
- Commercial
Cookware Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
- Offline
- Online
Cookware Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Central South America
- MEA
Key Companies profiled:
Some prominent players in the global Cookware market include
- Group SEB
- Werhahn Group
- Target
- Meyer Corporation
- Fissler
- Tramontine
- Newell Brands Inc.
- SCANPAN
- TTK Prestige Ltd.
- The Vollrath Co., L.L.C.
- Hawkins Cookers Limited
Order a free sample PDF of the Cookware Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
