The global cookware market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. As millions of people were forced to stay home during COVID-19, which has led to much higher demand and increased spending on kitchen and home improvement. For instance, according to National Kitchen and Bath Association, residential kitchen and bath spending will rise 6.9% in 2020, from $148 billion to $158 billion. Residential kitchen spending accounts for $76 billion of the total $158 billion (48%). Further, according to Harvard University’s Joint Center for Housing Studies, American homeowners spent nearly $340 billion on home improvement and repairs in 2020, a 3.5% increase from the previous year, and this trend is expected to continue.
Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in April 2020, Vinod Intelligent Cookware, one of India’s largest and oldest cookware brands, has announced the launch of its Designer range of Legacy Cast Iron products in the country. The versatile cookware has a minimalist design that adds a touch of style and is best suited for all heat sources, including electric and gas. Additionally, to deliver the message about age-old cooking techniques and the benefits of Cast Iron Cookware, the brand has launched the #PassTheTradition campaign, which features well-known celebrities, MasterChefs, and YouTube Home Chefs. The brand’s goal with this campaign is to reflect on the legacy of cast iron products in kitchens dating back generations.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Material
- By Application
- By Product
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Target Brands, Inc., TTK Prestige LTD, Hawkins Cookers Limited Newell Brands, Inc., and, Robert Bosch GmbH.
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Cookware Market Report Segment
By Material
- Stainless Steel
- Aluminum
- Others (Glass)
By Application
- Residential
- Commercial
By Product
- Pots & Pans
- Soup Ladle
- Spoon
- Whisk
Cookware Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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