Nonstick Cookware Industry Overview
The global nonstick cookware market demand was 206.1 million units in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. Increased spending on home repair projects or remodeling is driving up the demand for nonstick cookware, thanks to customers' growing preference for modular kitchens. According to Houzz's 10th annual Houzz & House survey, home renovations increased by 15% in the previous year, with kitchens, outdoor areas, home offices, and technology receiving the most attention. Another aspect driving demand for nonstick cookware is the surge in popularity of home cooking, particularly during the ongoing COVID-19 pandemic. Consumers are not only experimenting with new dishes at home but also honing their culinary talents.
Self-cooked meals are one of the main drivers of the nonstick cookware industry and 37% of individuals think consuming immunity-boosting foods has become more of a priority since the pandemic began, according to Mintel. The rapid expansion in commercial construction, particularly in developing economies such as India and China, is paving the way for eateries, restaurants, and food joints, indicating rising growth prospects for nonstick cookware products. The increasing number of meals consumed away from home due to the surge in the working population worldwide will further fuel the market growth, particularly in the commercial segment.
Gather more insights about the market drivers, restraints, and growth of the Global Nonstick Cookware market
The growing culture of house parties in western countries is resulting in increased use of nonstick cookware at home, such as pans, pots, whisks, and other cookware, in order to provide quality food to the guests. Rising consumer preference for eating outside, whether as a form of social gathering or for trying foods of different cultures, is paving the way for more eateries and food joints serving diverse cuisines. These commercial spaces are generating a high demand for nonstick cookware in order to serve more customers in a shorter time period without compromising on quality or presentation.
High competition and rapidly changing consumer demand are likely to facilitate the development of innovative products, leading to high R&D costs for manufacturers. Nonstick cookware products find use in both commercial and household applications. In commercial applications, these products are used in restaurants, hotels, resorts, food stations, and other public eateries.
Browse through Grand View Research's Homecare & Décor Industry Research Reports
Cookware Market - The global cookware market size was valued at USD 23.75 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030.
Smart Kitchen Appliances Market - The global smart kitchen appliances market size was valued at USD 13.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.4% from 2022 to 2030.
Nonstick Cookware Market Segmentation
Grand View Research has segmented the global nonstick cookware market on the basis of raw material, distribution channel, and region:
Nonstick Cookware Raw Material Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)
- Teflon Coated
- Aluminum Coated
- Enameled Iron Coated
- Ceramic Coated
- Others
Nonstick Cookware Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialty Stores
- Others
Nonstick Cookware Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Market Share Insights:
February 2020: Fissler added three new products to the existing cenit pan series, which now includes the cenit pan, cenit induction pan, and cenit induction serving pan.
May 2019: Showa Denko K.K. (SDK) purchased all of the shares of the ILAG Group, a specialty non-stick coating chemicals manufacturer based in Zurich, Switzerland. ILAG's non-stick coatings are used in both consumer and industrial goods.
Key Companies profiled:
Some prominent players in the global Nonstick Cookware market include
- Groupe SEB (Tefal, All-Clad Group, WMF)
- Tefal
- All-Clad Group
- WMF
- Newell Brand Inc. (Calphalon)
- Cuisinart
- Meyer Corporation
- TTK Prestige Limited
- Scanpan USA, Inc.
- Hawkins Cookers
- The Cookware Company
Order a free sample PDF of the Nonstick Cookware Market Intelligence Study, published by Grand View Research.
No comments:
Post a Comment