Wok Market By Material Type (Carbon Steel, Cast Iron, Aluminum), By Application (Household, Commercial), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online sales channel): Global Opportunity Analysis and Ind

Wok Market By Material Type (Carbon Steel, Cast Iron, Aluminum), By Application (Household, Commercial), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online sales channel): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global wok market size was valued at $1,650.4 million in 2021 and is expected to reach $3,011.5 million by 2031, registering a CAGR of 6.3% from 2022 to 2031.

A wok is a deep, rounded-bottomed cooking pot used traditionally in China. It is common in China, and similar frying pans are also available in a number of locations in East, South, and Southeast Asia. Chinese cooking methods include stir-frying, steaming, pan frying, deep frying, and poaching, boiling, braising, searing, stewing, creating soup, smoking, and roasting nuts. A wok is used in all of these methods. Cooks who use woks frequently use ladles or spatulas with long handles called cans to shield their hands from the intense heat. The shape of the wok is what makes it unique. Woks from the past feature rounder bottoms. Hand-hammered woks are occasionally turned inside out to give the edge a slight flare after being fashioned that makes it simpler to push food up the sides. The flat bottom of some woks available in western nations make them more resemblant of deep-frying pans. The wok can be utilized because of its flat bottom on an electric stove, where rounded wok would not be able to fully contact heating element of the stove.It is challenging for the traditional round spatula or ladle to readily take up all the food in the bottom of the wok and throw it about with a flat bottom. The bottom of a circular wok can heat quickly than a flat wok over a gas burner or conventional pit stove, which makes it superior for stir-frying. There are many players in the wok market.

The global wok market witnesses’ lucrative opportunities, owing to the rise in demand for flat-bottomed wok and increased penetration of online shopping. The increase in residential and hospitality kitchens drives the growth of the global wok market. In addition, wok gets traction as consumers attempt to get better at cooking to experiment with new dishes at home and it is one of the key trends pertaining in the market across the globe.

The Asia-Pacific wok market held a major share in 2021 and is projected to grow during the forecast period, owing to the population growth in the region. Furthermore, the use of novel and distinctive cookware for preparing various cuisines is a trend that has benefited the expansion of the wok market. However, several aspects, such as an increase in the number of fake products in the market, are projected to hamper the growth of the global wok market during the forecast period. Although, an increase in investment in R&D activities and growth in the number of manufacturers are expected to pose lucrative opportunities in the upcoming years.

The wok market is segmented on the basis of material type, application, distribution channel, and region. On the basis of material type, the market is classified into carbon steel, cast iron, and aluminum. On the basis of application, the market is bifurcated into household and commercial. On the basis of distribution channel, the market is categorized into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channels. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They also focus on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the wok industry include Bajaj electricals limited, Zwilling J. A. Henckels, TTK prestige limited, Tramontina USA, Inc., Scanpan A/S, Calphalon, Cuisinart, Supor, Target brands, Inc., and Lodge cast iron.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wok market analysis from 2021 to 2031 to identify the prevailing wok market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the wok market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global wok market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Material Type

Carbon Steel
Cast Iron
Aluminum

By Application

Household
Commercial

By Distribution Channel

Supermarkets Hypermarkets
Convenience Stores
Specialty Stores
Online sales channel

By Region

North America
U.S.
Canada
Mexico
Europe
Rest of Europe
Germany
UK
Russia
France
Itlay
Spain
Asia-Pacific
China
Japan
India
South Korea
Australia And Newzeland
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
South Africa
UAE
Rest of LAMEA

Key Market Players

Bajaj Electricals Ltd
Zwilling J. A. Henckels
TTK Prestige Limited
Tramontina USA, Inc.
Scanpan A/S
Calphalon
Cuisinart
Supor
Target Brands, Inc.
Lodge Cast Iron

Please Note: It will take 7-10 business days to complete the report upon order confirmation.