Cookware Market Is Likely to Experience a Tremendous Growth by 2031

The global cookware market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. As millions of people were forced to stay home during COVID-19, which has led to much higher demand and increased spending on kitchen and home improvement. For instance, according to National Kitchen and Bath Association, residential kitchen and bath spending will rise 6.9% in 2020, from $148 billion to $158 billion. Residential kitchen spending accounts for $76 billion of the total $158 billion (48%). Further, according to Harvard University's Joint Center for Housing Studies, American homeowners spent nearly $340 billion on home improvement and repairs in 2020, a 3.5% increase from the previous year, and this trend is expected to continue.

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in April 2020, Vinod Intelligent Cookware, one of India's largest and oldest cookware brands, has announced the launch of its Designer range of Legacy Cast Iron products in the country. The versatile cookware has a minimalist design that adds a touch of style and is best suited for all heat sources, including electric and gas. Additionally, to deliver the message about age-old cooking techniques and the benefits of Cast Iron Cookware, the brand has launched the #PassTheTradition campaign, which features well-known celebrities, MasterChefs, and YouTube Home Chefs. The brand's goal with this campaign is to reflect on the legacy of cast iron products in kitchens dating back generations.

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Market Coverage

·        The market number available for – 2023-2031

·        Base year- 2023

·        Forecast period- 2024-2031

Segment Covered- 

·        By Material 

·        By Application

·        By Product

Regions Covered

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Competitive Landscape- Target Brands, Inc., TTK Prestige LTD, Hawkins Cookers Limited Newell Brands, Inc., and, Robert Bosch GmbH.

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Cookware Market Report Segment

By Material 

·        Stainless Steel

·        Aluminum

·        Others (Glass)

By Application 

·        Residential

·        Commercial

By Product

·        Pots & Pans

·        Soup Ladle

·        Spoon

·        Whisk

Cookware Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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