Global Nonstick Cookware Market to Reach $25.3 Billion by 2030
The global market for Nonstick Cookware estimated at US$20.7 Billion in the year 2023, is expected to reach US$25.3 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2023-2030. Teflon Coated Cookware, one of the segments analyzed in the report, is expected to record a 3% CAGR and reach US$16.7 Billion by the end of the analysis period. Growth in the Anodized Aluminum Coated Cookware segment is estimated at 2.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 5% CAGR
The Nonstick Cookware market in the U.S. is estimated at US$5.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2030 trailing a CAGR of 5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.6 Billion by the year 2030.
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