Cookware Market 2022: Trends, Business Growth And Major Driving Factors 2030 - Digital Journal

2022-09-24 09:22:57 By : Mr. Steven Wang

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[Exclusive 200 Pages Report] : The global cookware market size was US$ 19.9 billion in 2021. The global cookware market is projected to grow to US$ 34.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.9% during the study period from 2022 to 2030.

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Food is a vital requirement for human survival; therefore, cooking is a decade-long activity that one either engages in out of necessity, out of personal pleasure, or as a vocation. Food was typically cooked in earthenware or mud pots; however, advancements have led to the use of modern cookware goods and methods.

The COVID-19 disease outbreak has negatively affected the majority of the segments of the consumer goods industry. Due to the crisis, most of the hospitality industry recorded a sharp loss, which ultimately affected the cookware market. The impact of the COVID-19 pandemic on the cookware market was apparent due to pay reductions and lockdown orders, which restricted people from going outside.

The widespread use of the internet, the rise in food shows, and the rise in food blogging are some of the main factors contributing to the popularity of cookware. As a result, cookware products are used more frequently in household settings. These elements are the main growth pushing factors behind the global cookware market.

Additionally, it is anticipated that rising cookware trends and consumer lifestyle changes, together with an increase in health consciousness and home cooking, will drive market expansion in the near term. The growing trend of cloud kitchens in the food service sector is expected to present potential prospects for market growth during the analysis period.

The popularity of meals prepared at home has been greatly influenced by millennials, and this has increased the demand for cookware items. Some of the trends reshaping the residential cookware industry include more colour, flexible pieces for smaller spaces, and items that cater to consumers’ specific needs.

Furthermore, the market is expanding due to the increase in commercial kitchens, cafes, and restaurants. The need for cookware is being driven by the commercial sector’s rapid construction, particularly in the hospitality industry.

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The Asia-Pacific cookware market is expected to garner the highest market share. The growth of the regional market is attributable to the rising number of restaurants and hotels in the region, owing to the steeply growing tourism industry and considerable economic growth.

The Asia-Pacific cookware market is expected to have a considerable contribution due to the rising adoption of advanced products such as smart ovens and smart deep fryers. Further, factors like changing lifestyle of people and growing demand for fast food in the region will present potential prospects for the cookware market expansion.

Conair Corporation Fissler GmbH Groupe seb Hawkins cookers limited Meyer corporation Newell brands Prestige Vinod Cookware Wilh. Werhahn KG. Target Brands, Inc. Other Prominent Players

The global cookware market segmentation focuses on Product, Material, Distribution Channel, and Region.

By Product Type Pots and pans Cooking pans Ovenware Pressure Cooker Wok Griddle Cooking accessories

By Material Stainless steel Aluminum Glass Nonstick

By Distribution Channel Online Offline

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By Region North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America

Key questions answered in the global market report are:

— How does a global company acquire markets? — What are its core strategies and policies? — What factors will influence the chemical market over the forecast period? — What are the factors driving and restraining the market? — What are the leading competitors in the global market? — Which region is growing at a higher pace in the global market?

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