Cookware Market
Global Cookware Market Size, Share & Trends Analysis Report by Material (Stainless Steel, Aluminum, and Others ), By Application (Residential, and Commercial), By Product (Pots & Pans, Soup Ladle, Spoon, and Whisk) Forecast, 2021-2027
The global cookware market is projected to have a considerable CAGR of around 6.5% during the forecast period. The growing popularity of modular kitchens, combined with the rising standard of living, is driving demand for cookware products in both the commercial and residential sectors. The millennial generation has significantly increased the popularity of cook-at-home meals, which has increased the demand for cookware products. More colourful, flexible pieces for smaller spaces, and pieces that meet the changing needs of consumers are among the trends that are shaping the residential sector market. A large number of consumers, particularly housewives, are encouraged to try new cuisines by the number of television programmes devoted to food and recipes. As a result, the use of cookware products increases propelling the growth of the market. Moreover, the replacement of old cookware with new products is also increasing, which is another factor driving the market growth. Growing demand from developing economies, as well as rising urbanisation in these regions, will create a variety of opportunities for manufacturing companies in the coming years.
Impact of COVID-19 on Cookware market
The COVID-19 pandemic has had a significant impact on the market. Cookware product demand is increased due to the growing popularity of home cooking, notably during the ongoing COVID-19 pandemic. Consumers are seeking to strengthen their cooking skills as well as try new recipes at home. The COVID-19 pandemic has also increased home cooking as consumers tend to avoid any outside exposure to their food. As a result, the overall demand for cookware products has increased during the COVID-19 pandemic.
Segmental Outlook
The global cookware market is segmented based on material, applications, and products. Based on the material, the market is further classified into stainless steel, aluminium, and others (glass). Further, based on the application the market is classified into residential, and commercial. On the basis of product, the market is segregated into pots & pans, soup ladle, spoon, and whisk.
Global Cookware Market Share by material, 2020(%)
The stainless-steel segment is considered the dominating segment in the global Cookware market
Among materials, the stainless-steel segment is estimated as dominating segment during the forecast period owing to factors such as rising demand for consumer goods including cookware is likely to drive the growth of the market. Stainless steel is corrosion-resistant, has high toughness and ductility, and requires very little maintenance and their benefits are driving the growth of the segment in every sector. China is one of the world's leading consumers and producers of stainless-steel products. For instance, according to the International stainless-steel Forum in 2019 the stainless-steel production in China was 56.3%, Europe with 13.0% and the US with 5.0%.
Regional Outlook
Geographically, the global Cookware market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Asia-Pacific is projected to have a significant share in the cookware market. The increasing trend of smart kitchens is having a direct impact on the growth of the cookware market. It is causing a shift in consumer purchasing habits for their kitchen among the Asia-Pacific population boosting the growth of the market in the region. South Asia and East Asia account for the largest share of the cookware market where the trend of using new and different types of cookware for cooking various cuisines has aided the growth of the cookware market in the region.
Global Cookware Market Growth, by region 2021-2027
North America to hold a considerable CAGR in the global Cookware market
Geographically, North America is projected to hold a significant CAGR in the global Cookware market. The factors that are contributing to the growth of the market include the growing number of households in the region, combined with major home improvements performed by consumers, which is driving up demand for top-quality cookware. Therefore, consumers in the region are inclined to spend on high-end cookware that matches their kitchen decor. The US is dominating region in the cookware market due to the region's increasing cultural shift in food culture. Moreover, as people's disposable income has increased in such developed countries, they are more likely to purchase stylish and new cookware appliances.
Market Players Outlook
The key players in the Cookware market contributing significantly by providing different types of products and increasing their geographical presence across the globe. Target Brands, Inc., TTK Prestige LTD, Hawkins Cookers Limited Newell Brands, Inc., and, Robert Bosch GmbH among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In October 2019, Calphalon Inc introduced a new line of products aimed at improving gourmet results in the kitchen These new high-performance products enable home chefs to create exceptional recipes with accuracy and comfort. Calphalon's new offering delivers chefs the liberty to cook without worrying about unaccounted-for mishaps. Innovative cookware that protects pots from boiling over and self-sharpening nonstick cutlery for clean and precise knifework make it easier for chefs to work in the kitchen
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Cookware market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Cookware Industry
• Recovery Scenario of Global Cookware Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Porter’s Analysis
2.2.3. Recommendations
2.2.4. Conclusion
2.3. Regulations
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Target Brands, Inc.
3.2.1.1. Overview
3.2.1.2. Financial Analysis
3.2.1.3. SWOT Analysis
3.2.1.4. Recent Developments
3.2.2. TTK Prestige LTD
3.2.2.1. Overview
3.2.2.2. Financial Analysis
3.2.2.3. SWOT Analysis
3.2.2.4. Recent Developments
3.2.3. Hawkins Cookers Limited
3.2.3.1. Overview
3.2.3.2. Financial Analysis
3.2.3.3. SWOT Analysis
3.2.3.4. Recent Developments
3.2.4. Newell Brands, Inc.
3.2.4.1. Overview
3.2.4.2. Financial Analysis
3.2.4.3. SWOT Analysis
3.2.4.4. Recent Developments
3.2.5. Robert Bosch GmbH
3.2.5.1. Overview
3.2.5.2. Financial Analysis
3.2.5.3. SWOT Analysis
3.2.5.4. Recent Developments
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Cookware Market by Material
5.1.1. Stainless Steel
5.1.2. Aluminum
5.1.3. Others (Glass)
5.2. Global Cookware Market by Application
5.2.1. Residential
5.2.2. Commercial
5.3. Global Cookware Market by Product
5.3.1. Pots & Pans
5.3.2. Soup Ladle
5.3.3. Spoon
5.3.4. Whisk
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Abbio
7.2. All-Clad Metalcrafters, LLC
7.3. Calphalon Inc.
7.4. Cuisinart Inc.
7.5. Fissler GmbH
7.6. Groupe SEB
7.7. John Wright Co.
7.8. Meyer Corp.
7.9. NingHai LeiNiao Kitchenware Co., Ltd.
7.10. Tramontina Inc.
7.11. Vinod Intelligent Cookware
7.12. Werhahn KG
7.13. WMF Group GmbH
7.14. Zhejiang Hanxin Cookware Co. Ltd.
7.15. Zwilling J. A. Henckels AG
1. GLOBAL COOKWARE MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
2. GLOBAL STAINLESS STEEL COOKWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL ALUMINUM COOKWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL OTHER COOKWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL COOKWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
6. GLOBAL COOKWARE FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL COOKWARE FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL COOKWARE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
9. GLOBAL POTS & PANS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL SOUP LADLE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL SPOON MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL WHISK MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL COOKWARE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN COOKWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN COOKWARE MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
16. NORTH AMERICAN COOKWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. NORTH AMERICAN COOKWARE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
18. EUROPEAN COOKWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN COOKWARE MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
20. EUROPEAN COOKWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. EUROPEAN COOKWARE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC COOKWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC COOKWARE MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC COOKWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC COOKWARE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
26. REST OF THE WORLD COOKWARE MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
27. REST OF THE WORLD COOKWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
28. REST OF THE WORLD COOKWARE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL COOKWARE MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL COOKWARE MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL COOKWARE MARKET, 2020-2027 (%)
4. GLOBAL COOKWARE MARKET SHARE BY MATERIAL, 2020 VS 2027 (%)
5. GLOBAL COOKWARE MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
6. GLOBAL COOKWARE MARKET SHARE BY PRODUCT, 2020 VS 2027 (%)
7. GLOBAL COOKWARE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL STAINLESS STEEL COOKWARE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL ALUMINUM COOKWARE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL OTHER COOKWARE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL COOKWARE FOR RESIDENTIAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL COOKWARE FOR COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL POTS & PANS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL SOUP LADLE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL SPOON MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL WHISK MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. US COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
18. CANADA COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
19. UK COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
20. FRANCE COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
21. GERMANY COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
22. ITALY COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
23. SPAIN COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
24. ROE COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
25. INDIA COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
26. CHINA COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
27. JAPAN COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
28. SOUTH KOREA COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF ASIA-PACIFIC COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF THE WORLD COOKWARE MARKET SIZE, 2020-2027 ($ MILLION)
