Cookware Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Application (Residential, Commercial), by Product (Pots & Pans, Spoon, Wok Turner, Whisk, Soup ladle), by Material (Stainless Steel, Aluminum, Glass, Others) and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East). The report offers market size and forecasts in value (USD million) for the above segments.

Market Snapshot

Global Cookware Market
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >8.7 %

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Market Overview

Cookware market is projected to register a CAGR of greater than 8.7% during the forecast period, 2022-2027.

During COVID-19, People's ideas on wellness and the kitchen environment have shifted dramatically. Working from home, making purchases on internet platforms, and having more spending flexibility due to not needing to spend money on outdoor leisure and travel have all been seen as important factors influencing consumer spending on cookware.

Cookware is kitchen items such as cooking pots, pans, work turners, whisks, spoons, and other necessary instruments for food preparation. Cookware consists of cooking pots constructed of non-melting materials such as steel, aluminum, glass, fiber, and ceramic. The growing popularity of modular kitchens, as well as rising living standards, are driving demand for cookware throughout the world.

Scope of the Report

Pans, pots, wok turners, whisks, spoons, and soup ladles are examples of cookware used in both home and commercial kitchens. These high-quality products are frequently costly, and cookware may be rather luxurious. The market is segmented by Application (Residential, Commercial), by Product (Pots & Pans, Spoon, Wok Turner, Whisk, Soup ladle), by Material (Stainless Steel, Aluminum, Glass, Others) and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East).

Product
Pots & Pans
Spoon
Wok Turner
Whisk
Soup Ladle
Material
Stainless Steel
Aluminium
Glass
Others
Application
Residential
Commercial
Geography
North America
Europe
Asia-Pacific
South America
Middle East

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Key Market Trends

Rapid Growth of E-Commerce

During COVID-19, people made more purchases from online platforms and spent more time cooking and eating healthy. As a result, online sales of cookware and kitchen equipment are fast expanding. Working from home, making purchases on the internet, and having greater spending flexibility since they are not required to spend money on outdoor recreation or vacation have all been identified as major variables affecting consumer expenditure on cookware. Several players in the worldwide cookware market have raised their focus on e-commerce channels as a result of the rising penetration of technology and Internet-enabled technologies.

Global Cookware Market

Asia-Pacific Region is Occupying a Major Share of the Market

In 2021, the Asia-Pacific region held the greatest share of the market, accounting for about 41.2%. The high adoption of gas stovetops and LPG connections in emerging nations such as India and China drove the growth of the cookware market in Asia-Pacific in 2021. The Asia-Pacific area is estimated to see the most exponential increase throughout the forecast period, since many Asia-Pacific customers prefer classic gas stovetops to induction cooktops.

Global Cookware Market 1

Competitive Landscape

The report covers the key players in the global cookware industry. There are many multinational players operating in the majority of nations, as well as an increasing number of smaller regional companies delivering somewhat high-quality items at reasonable rates. Several manufacturers are focused on online platforms and technological advancements to attract more customer attention.

Recent Development

  • In 2022, TTK Prestige has released the E gas hob-top, which is  India's first electronically controlled convertible gas stove .
  • In 2021, GROUPE SEB develops an eco-design label and releases a range of eco-designed items throughout Europe.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Insights on Various Regulatory Trends

    5. 4.5 Insights on impact of technology and innovation

    6. 4.6 Value Chain / Supply Chain Analysis

    7. 4.7 Porters 5 Force Analysis

      1. 4.7.1 Threat of New Entrants

      2. 4.7.2 Bargaining Power of Buyers/Consumers

      3. 4.7.3 Bargaining Power of Suppliers

      4. 4.7.4 Threat of Substitute Products

      5. 4.7.5 Intensity of Competitive Rivalry

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Pots & Pans

      2. 5.1.2 Spoon

      3. 5.1.3 Wok Turner

      4. 5.1.4 Whisk

      5. 5.1.5 Soup Ladle

    2. 5.2 Material

      1. 5.2.1 Stainless Steel

      2. 5.2.2 Aluminium

      3. 5.2.3 Glass

      4. 5.2.4 Others

    3. 5.3 Application

      1. 5.3.1 Residential

      2. 5.3.2 Commercial

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle East

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Werhahn Group

      2. 6.2.2 Groupe SEB

      3. 6.2.3 Meyer Corporation

      4. 6.2.4 Fissler

      5. 6.2.5 Target

      6. 6.2.6 Tramontina

      7. 6.2.7 TTK Prestige Ltd.

      8. 6.2.8 Hawkins Cookers Limited

      9. 6.2.9 Farberware

      10. 6.2.10 Circulon

      11. 6.2.11 Newell Brands Inc.

      12. 6.2.12 Calphalon

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Frequently Asked Questions

The Global Cookware Market market is studied from 2018 - 2027.

The Global Cookware Market is growing at a CAGR of >8.7% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Werhahn Group, Groupe SEB, Meyer Corporation, Fissler, Target are the major companies operating in Global Cookware Market.

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