Global Cookware Market By Material (Stainless Steel, Aluminium, Glass, Others), By Application (Residential, Commercial), By Distribution Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2027

Global cookware market is anticipated to grow with an exquisite CAGR in the forecast period, 2023-2027, on the account of surge in the demand for exquisite and multifunctioning cookware products. Increasing number of restaurants, cafes, eating outlets, along with the increased demand from the residential consumers is expected to drive the market growth in the upcoming five years.

Moreover, cookware made of alloy materials like stainless steel and aluminium are good conductors of heat, thereby it helps the cooks in maintaining the cookware for a long time. Easy maintenance, lower manufacturing cost, and versatility of the products are anticipated to support the growth of the global cookware market in the next five years.

In March 2021, the World Health Organization announced the widespread COVID-19 viral infection as a pandemic. The economy suffered due to the complete lockdown that almost all the countries around the world imposed. Markets were closed and people were rendered inside their homes. As much as the manufacturing and the distribution of the cookware were affected, the market saw a surge in the demand of the residential consumers of cookware.

People were under house arrest, and were not allowed to visit their favorite restaurants, and eateries therefore, everybody cooked at home. Home cooking influenced the population, thereby sustaining the demand for cookware in the market. These factors ultimately enhanced the growth of the global cookware market. Keeping in mind that the pandemic is still not over, the demand for the products is anticipated to grow in the future five years period too.

The global cookware market is segmented into material, application, distribution channel, competitive analysis, and regional distribution. Based on

In the countries like India, China, Japan, stainless steel material is widely used for cookware manufacturing. Aluminium is also anticipated to hold the significant share of the market on the forecast period, owing to the factors like good conductivity of the material. Glass as a material is anticipated to show fastest growth CAGR in the next five years on the backbone of changing cookware aesthetics and their feasibility with the kitchen appliances like microwave oven, grill, and refrigerators.

Holding the major shares of the market, a partial list of the active market players includes, Groupe SEB, All-Clad Group, Werhahn Group, Conair Corp., Gorenje Group, Hawkins Cooker Ltd., The Middleby Corp., The Vollrath Co. LLC, TTK Prestige Ltd., Newell Brands Inc., among others. The market players have actively involved themselves with the satisfying surge in the demand of the products by increasing their manufacturing units. Research over the advancing technologies to provide better material for the manufacturing of the cookware is carried out consistently. Other strategic recommendations include partnerships among the market players as well as the distributors.

Objective of the Study

• To analyze the historical growth in the market size of global cookware market from 2017 to 2021.
• To estimate and forecast the market size of global cookware market from 2022 to 2027 and growth rate until 2027. 
• To classify and forecast global cookware market based on material, application, distribution channel, regional distribution, and competitive landscape.
• To identify dominant region or segment in the global cookware market.
• To identify drivers and challenges for global cookware market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global cookware market.
• To identify and analyze the profile of leading players operating in global cookware market.
• To identify key sustainable strategies adopted by market players in global cookware market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global cookware market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience

• Manufacturers, end users, service providers and other stakeholders
• Distributers and suppliers of products and other stakeholders
• Organizations, forums, and alliances related to cookware market  
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.