Portland, OR, June 23, 2022 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global cookware market generated $19.0 billion in 2020, and is expected to reach $34.1 billion by 2030, growing at a CAGR of 6.0% from 2021 to 2030.
High internet penetration across the globe and surge in number of food shows and food blogging along with increased use of cookware products in residential use drive the global cookware market. Moreover, surge in health consciousness and change in consumer lifestyle are expected to open new opportunities in the future.
Covid-19 scenario:
- The Covid-19 pandemic impacted the consumer goods industry due to declined performance of cookware industry and disrupted supply chain.
- The hotel, restaurants, and fast-food retails were severely hit by the pandemic, which hampered the demand for cookware.
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The report segments the global cookware market on the basis of product type, material, distribution channel, and region.
Based on product type, the cooking pans segment held the largest share in 2020, accounting for nearly one-third of the market. However, the pressure cooker segment is projected to register the highest CAGR of 7.6% during the forecast period.
On the basis of material, the stainless steel segment held the largest share in 2020, contributing to more than two-fifths of the market. However, the nonstick segment is estimated to manifest the highest CAGR of 6.6% from 2021 to 2030.
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The global cookware market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2020, accounting for more than two-fifths of the market. Furthermore, the region is anticipated to portray the highest CAGR of 6.3% during the forecast period.
The global cookware market includes an in-depth analysis of the prime market players such as Conair Corporation, Groupe SEB, Fissler GmbH, Meyer Corporation, Hawkins Cookers Limited, Prestige, Target Brands Inc., Newell Brands, Vinod Cookware, and Wilh. Werhahn KG.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
