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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 number of commercial kitchens, dining options, and restaurants is driving the market growth. Further, the rapid construction industry, particularly in the hospitality sector, is driving the demand for cookware. Customer retention in the hospitality industry extends beyond food and is determined by how well the patrons' overall experience was. Simply serving food is insufficient, and restaurant and hotel owners must take advantage of cutting-edge cookware technologies. Therefore, this factor majorly contributes to the demand of the cookware market in the hospitality sector. Moreover, the consumers are also preferring more electric cookware due to rising urban populations with an ever-rising middle class in emerging economies such as China and India. These factors have encouraged manufacturers to produce a wide range of electric cookware propelling the overall market of cookware
COVID-19 had a positive impact on the cookware market as due to restricted lockdowns have influenced them to improve their cooking skills as well as try new recipes at home. Therefore, this has increased the product demand due to the growing popularity of home cooking, particularly during the ongoing COVID-19 pandemic
The global Cookware market is segmented based on material, applications, and product. 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. Based on product, the market is segregated into pots &pans, soup ladle, spoon, and whisk.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is projected to be the fastest-growing market for cookware. One of the major drivers of growth is expected to be the growing popularity of professional cooking at home with specialized cookware products, the growing popularity of casual dining, and the growing preference for fine dining.
The key players of the market include 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 May 2021, Meyer Corporation introduces the new AnolonX cookware collection, which features a technology platform that maximizes flavor in every dish. Meyer U.S. pioneered hard-anodized non-stick cookware with the introduction of Anolon in 1986, and the new collection represents the company's latest engineering breakthrough. AnolonX assists the cook in resolving a common issue with non-stick pans with its SearTechTM surface, a specially designed base with a stainless-steel mesh engineered to keep oil in the center of the pan
Research Methodology
The market study of the global cookware market is incorporated by extensive primary and secondary research conducted by the research team at OMR Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
Financial reports of companies involved in the market
Whitepapers, research papers, and news blogs
Company websites and their product catalog
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
Global cookware Market Research and Analysis by Material
Global cookware Market Research and Analysis by Application
Global cookware Market Research and Analysis by Product
The Report Covers
Comprehensive research methodology of the global cookware market
This report also includes a detailed and extensive market overview with key analyst insights
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations
Analysis of regional regulations and other government policies impacting the global cookware market
Insights about market determinants that are stimulating the global cookware market
Detailed and extensive market segments with the regional distribution of forecasted revenues
Extensive profiles and recent developments of market players