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Kitchenware Market Assessment 2024: In-Depth Insights into Market Segments, Including Cookware, Bakeware, and Other Products || Featuring Key Players Whirlpool Corporation, Newell Brands Inc., Groupe SEB, and Wilton Industries Inc
Kitchenware Market
The Business Research Company's Kitchenware Global Market Report 2023 identifies the increasing number of food retail chains, restaurants and hotels is expected to propel the growth of the kitchenware market going forward. Food retail chains refer to networks of interconnected stores offering diverse food products. At the same time, restaurants and hotels provide prepared meals, beverages and accommodations with varying on-site dining options for consumers. The expansion of food preparation leads to increased demand for kitchenware as more dining facilities require equipment, utensils and appliances, thereby triggering a ripple effect in the kitchenware industry's growth.
The kitchenware market size has grown strongly in recent years. It will grow from $65.44 billion in 2023 to $69.21 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to culinary trends, innovation in cookware, urbanization, healthy eating. The kitchenware market size is expected to see steady growth in the next few years. It will grow to $84.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
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Major competitors in the kitchenware market are Whirlpool Corporation, Newell Brands Inc., Groupe SEB, Wilton Industries Inc., Conair Corporation, Meyer Corporation, Tupperware Brands Corporation, Rubbermaid Commercial Products, Hamilton Beach Brands Holding Company, Anchor Hocking Company, Fissler GmbH.
A key trend in the kitchenware market includes with smart appliance technologies. Major companies operating in the kitchenware market are adopting smart appliance technologies to enhance user convenience, streamline cooking processes and provide personalized culinary experiences. Smart kitchen appliances are technologically advanced cooking and food preparation devices equipped with features like sensors, connectivity and automation to streamline and enhance kitchen tasks. For instance, in January 2023, VersaWare Technologies Inc., a US-based manufacturer of smart kitchen appliances, launched the next generation of smart kitchen appliances with a nutrition AI approach to the health and wellness space with a user-friendly appliance line composed of two connected smart kitchen appliances, including a mixing bowl and a cutting board.
Read More On The Global Kitchenware Market Report Here: https://www.thebusinessresearchcompany.com/report/kitchenware-global-market-report
The kitchenware market is segmented -
1) By Product: Cookware, Bakeware, Other Products
2) By Distribution Channel: Online, Offline
3) By End-User: Residential Kitchen, Commercial Kitchens
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the kitchenware market.
The Business Research Company's "Global Kitchenware Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Kitchenware Market Include:
1. Executive Summary
2. Kitchenware Market Characteristic
3. Kitchenware Market Trends And Strategies
4. Kitchenware Market - Macro Economic Scenario
5. Kitchenware Market Size And Growth
……………
27. Kitchenware Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Kitchenware Market
29. Kitchenware Market Future Outlook And Potential Analysis
30. Appendix
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