Market Trends of Global Cookware Industry
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.
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.