Press release
Non-stick Cookware Market Growth Factors, Applications, Regional Analysis, Key Players and Forecast by 2030
Non-stick Cookware Market
The global non-stick cookware industry is showcasing robust growth on account of the rising preference for these cooking utensils over conventional ones across households. One of the main benefits of cooking food with non-stick cookery products is that they help consumers reduce their oil consumption. These appliances also offer a stylish visual appeal to kitchens as they come in a wide range of attractive colors and designs.
Fortune Business Insights™ presents this information in a report titled, "Global Non-stick Cookware Market, 2023-2030."
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Fortune Business Insights™ lists out all the non-stick cookware market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
• Groupe SEB (France)
• TTK Prestige Ltd. (India)
• Moneta Cookware (Italy)
• Newell Brands (U.S.)
• Bradshaw International, Inc. (U.S.)
• Meyer International Holdings, Ltd. (U.S.)
• StoveKraft (India)
• Conair Corporation (U.S.)
• The Cookware Company (U.S.)
• Bundy Baking Solutions (U.S.)
Report Coverage:
The report analyzes the market in detail and highlights crucial aspects such as prominent companies, material types, distribution channels, and end-uses of the product. The report also offers actionable insights into the major trends and competitive landscape of the industry, highlighting important market developments and the global market outlook. Additionally, the report covers many factors enhancing the industry growth in the coming years.
Drivers and Restraints:
Growing Awareness Regarding Benefits of Using Non-stick Utensils to Boost Market Trends
As compared to conventional cookery products, non-stick cookware items are much easier to wash and maintain. Customers are becoming more aware of the benefits of using these utensils. The kitchen décor & renovation trends are also constantly changing every year. These aspects are projected to drive the market expansion. Moreover, growing consumption of confectionaries and baked items among the younger population is expected to fuel product sales. For example, Groupe SEB, a French non-stick cookware products and appliances manufacturer, reported 12.50% jump in its cookware sales and reached USD 2,498.29 million in 2021.
However, using damaged or Teflon-coated non-stick utensil has been linked with several health problems. These may range from fever and headache to more complicated ailments such as kidney cancer. These factors could limit product adoption to some extent.
Segments
Extreme Corrosion Resistance Properties to Help Teflon Coated Segment Dominate the Market
Based on material type, the market is segmented into Teflon coated, anodized aluminum coated, ceramic coated, enameled iron coated, and others. The Teflon/PTFE material segment is anticipated to hold a major share due to its beneficial properties such as robustness, durability, and satisfactory usability.
Significant Non-stick Kitchenware Demand from Households May Foster Residential Segment Growth
In terms of end-use, the market is divided into residential and commercial. The residential segment is predicted to dominate the market due to rising construction of residential infrastructural facilities and evolving kitchen decoration trends.
Wide Availability of Kitchenware Items May Fuel Supermarkets & Hypermarkets Segment Expansion
Based on distribution channel, the market is segmented into specialty stores, supermarkets & hypermarkets, online stores, and others. The supermarkets & hypermarkets segment might capture a sizeable industry share as these stores offer better accessibility to a variety of kitchenware items at one place.
Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Regional Insights:
Rising Production of Hard Anodized Aluminum Coated Cookware to Boost Asia Pacific Market Progress
The Asia Pacific global non-stick cookware market share reached USD 2.36 billion in valuation in 2022. Countries, such as India, China, and South East Asia, are extensively using cookware & bakeware products. Establishment of expansive manufacturing plants to produce hard anodized aluminum coated cookery items in India, China, and Japan is anticipated to support the product demand across the region. For example, in 2022, the average monthly manufacturing capacity of SHANGHAI GUANHUA STAINLESS STEEL PRODUCTS CO., LTD., a Chinese producer of stainless steel cookery products, reached 700,000 to 800,000.
Competitive Landscape:
Innovation and Production Capacity Expansion Strategies Adopted by Key Players to Fuel Market Growth
Top companies, such as Groupe SEB, TTK Prestige Ltd., and others, offer non-stick cookware products powered by innovative technologies to increase their brand presence. Furthermore, these global and premium brands are acquiring newer manufacturing facilities to build their production base and strengthen their position in the global market.
For instance, in November 2021, Wonderchef Home Appliances Pvt. Ltd., an Indian kitchen appliances supplier, partnered with Sixth Sense Ventures to invest USD 20.15 million to fortify the former's online presence, distribution network, and manufacturing base for its 600 non-stick cookery items and appliances in India.
Key Industry Development:
February 2022 - Spectrum Brands Holdings, Inc., a global consumer goods manufacturer, acquired Tristar Products Inc.'s cookware business to expand its presence in the global cookware market.
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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