Authored By: Sarah
02 Jul 2024

 Cookware Market Size to grow by USD 10323.11 million between 2024-2028

According to a research report “ Cookware Market” by Distribution Channel (Offline, Online) Product (Aluminium, Stainless steel, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 10323.11 million, at a CAGR of  5.88% during the forecast period. In the cookware market, enameled cookware has emerged as a preferred choice for both professional chefs and home cooks. Factors such as durability, versatility, and aesthetic appeal have fueled the consistent growth of this market segment. Key drivers include culinary innovation, sustainability, and health consciousness, which have significantly influenced consumer preferences and product development. Enameled cookware's popularity stems from its ability to combine style and functionality, making it an essential kitchen investment for those seeking high-performing and visually appealing cookware.

Browse market data tables, figures, and in-depth TOC on “Cookware Market” by Distribution Channel (Offline, Online) Product (Aluminium, Stainless steel, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Distribution Channel, the Offline segment is projected to dominate the market size in 2024

In the US cookware market, aluminum cookware held approximately a 67% market share in 2023. This popularity is attributed to aluminum's superior heat conductivity and cost-effective nature compared to alternatives like stainless steel and copper. Manufacturers like Hawkins Cookers, TTK Prestige, Illa Group, and Groupe SEB cater to this demand by offering both commercially pure aluminum and hard-anodized aluminum cookware. These products undergo additional processes, such as anodization and the application of non-stick layers, like PTFE or ceramic, to enhance their functionality and versatility.

By Product, Aluminium  segment is expected to hold the largest market size for the year 2024

In the cookware market, retail stores serve as the primary sales avenue. Distribution channels encompass retail formats like supermarkets, hypermarkets, convenience stores, and warehouse clubs. These outlets offer a vast selection of cookware in various sizes, packaging, and brands. Offline retail formats are pivotal to the industry's global market revenue generation. End-users benefit from the convenience of interacting with vendors, extensive product choices, and a wide array of brands. However, the offline distribution sector faced significant challenges due to the COVID-19 pandemic, particularly in the first half of 2021, affecting key markets such as the US, Canada, Italy, Spain, Germany, and India.

APAC is forecasted to hold the largest market size by region in 2024

The Asia Pacific (APAC) region holds the largest market share in the global cookware industry in 2023. Consumers in APAC predominantly prefer traditional gas stovetops over induction cooktops, catering to a vast customer base. In India and China, the inclusion of the rural consumer base presents significant growth opportunities for cookware vendors. For instance, TTK Prestige, India's leading kitchen appliance company, launched the Svachh Duo gas stove in June 2022, featuring liftable burners for easy cleaning. The burgeoning residential infrastructure in emerging APAC countries, such as Malaysia and Vietnam, is expected to propel the cookware market's growth during the forecast period.

The Cookware Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • CRISTEL SAS
  • De Buyer
  • Electrolux AB
  • Hawkins Cooker Ltd.
  • Hisense International Co. Ltd.
  • I.L.L.A. S.p.A.
  • Le Creuset France
  • Meyer Group Ltd.
  • Newell Brands Inc.
  • Nordic Ware
  • SCANPAN
  • SEB Developpement SA
  • Seeba Industries Pvt Ltd.
  • Supreminox SA
  • Suraj Metal Industries
  • The Middleby Corp.
  • The Vollrath Co. LLC
  • TTK Prestige Ltd.
  • Vinod Cookware
  • Wilh. Werhahn KG
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The cookware market is a thriving industry that caters to the diverse needs of consumers, from home cooks to professional chefs. With increasing urbanization and the food-away-from-home trend, the demand for cookware is on the rise. The cookware sector is witnessing a shift towards eco-friendly and sustainable materials, such as recycled aluminum and cast iron, which are not only budget-friendly but also offer excellent non-reactive properties. Stainless steel and ceramic are popular choices for their non-stick surfaces and convenience. However, there is a growing concern about the use of harmful chemicals in cookware. Eco-friendly cookware made from sustainable materials is gaining popularity among the middle class and luxury consumers alike. The stainless steel segment and pressure cooker segment continue to dominate the market due to their durability and versatility. Commercial constructions and home improvement projects are also driving the demand for cookware, especially in modular kitchens. The use of eco-friendly materials, such as recycled aluminum and cast iron, in commercial cookware is a growing trend. In conclusion, the cookware market is a dynamic and evolving industry that caters to the changing needs and preferences of consumers. With a focus on financial resources, eco-friendly materials, and sustainable practices, the future of the cookware market looks promising.

Market Research Overview

The cookware market is experiencing a significant shift as consumers prioritize health consciousness and safety in their kitchens. Induction cooking is gaining popularity, requiring cookware made of specific materials like ferromagnetic stainless steel or cast iron. Fry pans, egg pans, griddles, and baking trays are must-haves, often made of non-stick, aluminum or anodized aluminum, carbon steel, titanium, or innovative materials. Wooden tools, bamboo steamers, and utensils add eco-friendly touches. However, concerns over cadmium and lead in cookware have led to a demand for non-toxic properties. Brands are responding with non-reactive, stainless steel, ceramic, and eco-friendly materials. Appliance retailers, department stores, and traditional outlets sell a wide range of cookware, from luxury to budget options. Online shopping caters to high-income groups and urban areas, offering convenience and a vast selection. The cookware sector includes pots, pans, bakeware, and pressure cookers, with multi-functionality and space-efficiency being key trends. Restaurants and commercial constructions also drive demand, with commercial-grade cookware made of copper, aluminum, and stainless steel. Home improvement projects and the food-away-from-home trend further fuel growth. As living spaces and lifestyles evolve, versatile, easy-to-clean, and minimal oil cookware remain in demand.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio