Global Aluminum Cookware Market Is Expected to Reach USD 943.18 Million by 2024

As per the report published by Fior Markets, the global aluminum cookware market is expected to grow from USD 708.96 million in 2018 and expected to reach USD 943.18 million by 2024, growing at a CAGR of 4.87% during the forecast period 2019-2024.

Aluminum cookware is one of the popular category in the household utensils, from the traditional to the modern society, in the marketplace. Due to proliferation of nuclear families, high degree of urbanization, and technological advancement, the demand for aluminum cookware has been increased in the recent years. Aluminium cookwares are quick to heat up and has lower cost, thereby, these are more affordable to the consumers. Despite of competition, new design and innovative aluminium cookware are findingfavor, due to convenience and utility.

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Aluminum cookware is fairly inexpensive in comparison to cookware made from other materials. It is a good conductor of heat, easy to cook, and does not easily break, when exposed to high temperatures. Aluminum is lightweight but fairly strong and it works well for sautéing and frying foods because if its heat responsiveness. These cookware are generally coated with stainless steel, or core heat conductor, or an anodized coating, to protect the food. There are different types of aluminium cookwares ranging from aluminium trays, aluminium pots, aluminium bowls, aluminium milk pans and other vessels. During cooking, aluminum get dissolves easily from pan into food. The longer food is stored or cooked in aluminum, the greater the amount that gets into the food. Leafy vegetables and acidic foods, such as citrus products and tomatoes, absorb the most aluminum.

Global aluminum cookware market is expected to witness rapid growth over the forecast period, owing to its cost effectiveness. In addition to this, other factors such as easy cooking and less time consuming process using these cookware, further driving the growth of market. However, aluminum cookware reacts to acidic and alkaline foods, causing it to corrode and affect the taste of the food being cook, is anticipated to hamper the market growth. In addition to this, availability of raw material and raw material price fluctuation, further hindering the market growth over the forecast period.

Key players operating in the global aluminum cookware market include AlluflonSpA, SkandinaviskaEnskildaBanken AB, ILLASpA, BALLARINI Paolo &FigliS.p.A, Norbert Woll GmbH, Norbert Woll GmbH, Meyer Corporation, Fissler GmbH, Risolì, SCANPAN USA, INC., Newell Brands, Maspion, Y&T Industrial CO., LTD, and Zhejiang Zhongxin Cookware Co., Ltd. among others. To enhance their market position in the global aluminum cookware market, the key players are now focusing on adopting the strategies such as product innovations, recent developments, partnership, joint venture, collaborations,and mergers & acquisitions.

For instance, in June 13, 2018 - Fissler has introduced a new non-stick aluminium fry pan which is designed to help home cooks fry food with ease, with the addition of thermo-sensitive coating.
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Cast aluminum cookware segment held the largest market share and valued at USD 442.18 million in 2018

Type segment includes cast aluminum cookware and anodized aluminum cookware. Cast aluminum cookware segment held the largest market share and valued at USD 442.18 million in 2018. Cast aluminum made up from the molten aluminum, when it poured into a mold. These cookwares originally created by machining each pan or bowl, from a solid block of aluminum material. This 'raw' material, however, was softer and more sensitive to heat, plus highly reactive with alkaline and acidic food. This caused both warping and pocking. The cast aluminum cookware are easy to clean and reuse. Its anticorrosive - since there is no carbon in the metal, the surfaces will not rust. It distributes heat evenly - lack of hot spots allows for consistent and predictable work surfaces at all levels of heat, a must in all kitchens.

Residential segment held the largest market share of 74.13% in 2018

Application segment includes residential and commercial. Residential segment held the largest market share of 74.13% in 2018. Aluminum's affordability makes it a popular choice for all types of cookware. Aluminum stock pots are generally used to cook food, boil water, cook low-acid soups, reduce stocks, and braise meats. Its high conductivity feature, helps to spreads heat evenly across the pot's base for a thorough boil or an efficient simmer. For slow-cooking wares such as braising bans and rondeaux, want to choose a thicker gauge of aluminum that will resist warping after long periods of exposure to heat.

Regional Segment Analysis of the Aluminum cookware Market

North America (U.S. , Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
Asia-Pacific (China, Japan India, Rest of APAC)
South America (Brazil and Rest of South America)
Middle East and Africa (UAE, South Africa, Rest of MEA)
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia-Pacific held the largest market share of 39.23% in 2018 in the global aluminium cookware market. In the Asia Pacific region, with growing population there will always be new demand generation for the aluminum cookwares. Besides, there is a specific life cycle for utensils requiring replacement every 6 - 7 years. Therefore there is new and replacement demand in domestic market. In addition to this, there are several regional and local aluminum cookware manufacturers in the countries such as India and China, further fuelling the growth of market.

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About the report:

The global aluminum cookware market is analysed on the basis of value (USD Million), volume (K Units), consumption (K Units), imports (K Units) and exports (K Units).All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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