North American Cookware Market Size, Share, Analysis, Industry Report and Forecast 2021-2027
The North American cookware market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period (2021-2027). The factors driving the growth of the market include the continued growth of the restaurant industry in countries such as the US and Canada due to an increase in the number of Millennials and working professionals combined with increased demand for customization and innovation in food menus. For instance, according to National Restaurant Association, US restaurant industry sales in 2020 were $659 billion. Furthermore, according to Canadian Restaurant & Foodservice News, the Canadian foodservice industry sales are expected to increase by 14 to 17% in 2021, a significant increase from the estimated 25-28% decline in sales in 2020.
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Rising acquisitions, product approval, collaborations among the major
players in the market also propel the growth of the market. For instance, in
May 2020 Calphalon Inc., launched Performance Cool Touch Countertop Oven that
is designed to improve countertop cooking for the home chef. The appliance is
developed with an innovative exterior that stays up to 75% cooler while
cooking, along with giving one peace of mind in the kitchen. With almost 12
different precision cooking functions, the Performance Cool Touch Countertop
Oven delivers perfection in every serving right from baking, roasting to
broiling.
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
Segment
Covered-
·
By
Material
·
By
Application
·
By Product
·
Competitive
Landscape- Target Brands, Inc., TTK Prestige LTD, Hawkins Cookers Limited
Newell Brands, Inc., and Robert Bosch GmbH.
A
full Report of North American Cookware Market is Available at: https://www.omrglobal.com/industry-reports/north-american-cookware-market
Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment and region dominate the market in the base year?
·
Which
segment and region will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
·
Deviation
from the pre-COVID-19 forecast
·
Most
affected region and segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
North-America Cookware
Market Report Segment
By
Material
·
Stainless
Steel
·
Aluminium
·
Others
(Glass)
By
Application
·
Residential
·
Commercial
By Product
·
Pots &
Pans
·
Soup
Ladle
·
Spoon
·
Whisk
North-America
Cookware Market Report Segment by Geography
North America
·
United States
·
Canada
Company Profiles
·
Groupe
SEB
·
Werhahn
KG
·
Meyer
Corp.
·
Calphalon
Inc.
·
Cuisinart
Inc.
·
Fissler
GmbH
·
Tramontina
Inc.
·
John
Wright Co.
·
Gorenje
Group.
·
Tramontina
Multi S.A.
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