Cookware Market Size | Industry Report, 2022-2028

According to Precision Business Insights (PBI), the global cookware market size was valued at USD 21,235.8 billion in 2021 and is poised to grow at a significant CAGR of 7.5% during the forecast period 2022 to 2028. Food is a vital requirement for human survival, therefore cooking is a decade-long activity that one either engages in out of necessity, out of personal pleasure, or as a vocation. Food was typically cooked in earthenware or mud pots. But, as economies and technology developed along with human evolution, modern cookware goods and methods started to be produced. A cooking tool known as cookware is used in the kitchen to prepare food. The majority of the material used to create the cookware has the ability to resist melting. Pots, pans, and baking dishes are examples of cookware or cooking implements. The widespread use of the internet, the rise in food shows, and the rise in food blogging are some of the main factors contributing to the popularity of cookware. As a result, cookware products are used more frequently in household settings. These elements are the main growth-inducing forces behind the global cookware market. Additionally, it is anticipated that rising cookware market trends and consumer lifestyle changes, together with an increase in health consciousness and home cooking, will drive market expansion in the near term.

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Cookware Market Growth Factors:
Due to consumers' growing preference for modular kitchens, greater spending on home remodeling or improvement projects is also boosting product demand. Home renovation spending has increased at a 6% annual rate over the past three years starting in 2015, according to the Leading Index for remodeling activities. Also, manufacturers are collaborating with builders and contractors to provide the kitchen with the right cookware supplies. The popularity of meals prepared at home has been greatly influenced by millennials, and this has in turn increased demand for cookware items. Some of the trends reshaping the residential cookware industry include more color, flexible pieces for smaller spaces, and items that cater to consumers' specific needs.

The global cookware market segmentation
1) By Material: Ceramic, Aluminum, Stainless Steel, Copper, Others
2) By Product: Pots & Pans, Pressure Cookers, Bakeware, Preparation & Serving Products, Others
3) By Distribution Channel: Offline, Online

Cookware Market Regional Analysis:
With a sizable market share, Asia Pacific has become the world's most dominant region for cookware. Over the projection period, it is expected to grow quickly. The cookware market in the Asia Pacific is one of the fastest-growing in the world. It is a result of the rising demand for cookware in developing nations like China and India. In the upcoming years, the regional market is projected to be driven by changing lifestyles and rising disposable income in this area.

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Key players in the Cookware Market report are Hawkins Cookers Limited, TTK Prestige Ltd., Tramontina, Target, Meyer Corporation, Fissler, The Vollrath Co., L.L.C., Newell Brands Inc., SCANPAN, Werhahn Group, Groupe SEB

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