Cookware Market Size
| Study Period | 2019- 2028 |
| Base Year For Estimation | 2022 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cookware Market Analysis
The global cookware market has generated revenue of more than USD 27 billion in the current year and is poised to achieve a CAGR of more than 8% for the forecast period. 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 or 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.
Cookware Market Trends
Rapid Growth of E-Commerce is Driving the Market
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 rapidly 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.
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Asia-Pacific Region is Occupying a Major Share of the Market
The Asia-Pacific region holds the greatest share of the market, accounting for more than 40% of the market share. 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 the current year. 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.
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Cookware Industry Overview
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. The major players in the global cookware market include Werhahn Group, Groupe SEB, Meyer Corporation, Fissler, and Target.
Cookware Market Leaders
Werhahn Group
Groupe SEB
Meyer Corporation
Fissler
Target
*Disclaimer: Major Players sorted in no particular order
Cookware Market News
- June 2022: TTK Prestige, India’s leading kitchen appliance launched the Svachh Duo gas stove. Designed for ease and safety, the Svachh Duo comes with liftable burners, thus allowing the home cook to lift the burners for an ultra-easy cleaning experience.
- July 2022: Groupe SEB strengthen its position in the professional market with the acquisition of Zummo, the Spanish world leading maker of automatic fruit juice extraction machines.
Cookware Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on Various Regulatory Trends
4.5 Insights on impact of technology and innovation
4.6 Value Chain / Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Buyers/Consumers
4.7.2 Bargaining Power of Suppliers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Product
5.1.1 Pots & Pans
5.1.2 Spoon
5.1.3 Wok Turner
5.1.4 Whisk
5.1.5 Soup Ladle
5.2 Material
5.2.1 Stainless Steel
5.2.2 Aluminium
5.2.3 Glass
5.2.4 Other Materials
5.3 Application
5.3.1 Residential
5.3.2 Commercial
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 South America
5.4.5 Middle East
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Werhahn Group
6.2.2 Groupe SEB
6.2.3 Meyer Corporation
6.2.4 Fissler
6.2.5 Target
6.2.6 Tramontina
6.2.7 TTK Prestige Ltd.
6.2.8 Hawkins Cookers Limited
6.2.9 Farberware
6.2.10 Circulon
6.2.11 Newell Brands Inc.
6.2.12 Calphalon
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Cookware Industry Segmentation
Cookware is one of the most widely demanded products as people adopt urbanization. A complete background analysis of the global cookware market includes an assessment of the economy, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles covered in the report. The global cookware market is segmented, by product (pots & pans, spoons, wok turners, whisks, soup ladles), by material (stainless steel, aluminum, glass, others), by application (residential, commercial), and by geography (North America, Europe, Asia-Pacific, South America, and the Middle East). The report offers market size and forecasts in value (USD million) for the above segments.
| Product | |
| Pots & Pans | |
| Spoon | |
| Wok Turner | |
| Whisk | |
| Soup Ladle |
| Material | |
| Stainless Steel | |
| Aluminium | |
| Glass | |
| Other Materials |
| Application | |
| Residential | |
| Commercial |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East |
Cookware Market Research FAQs
What is the current Global Cookware Market size?
The Global Cookware Market is projected to register a CAGR of greater than 8% during the forecast period (2023-2028).
Who are the key players in Global Cookware Market?
Werhahn Group, Groupe SEB, Meyer Corporation, Fissler and Target are the major companies operating in the Global Cookware Market.
Which is the fastest growing region in Global Cookware Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Global Cookware Market?
In 2023, the Asia-Pacific accounts for the largest market share in the Global Cookware Market.
Cookware Industry Report
Statistics for the 2023 Cookware market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cookware analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Cookware Market Report Snapshots
