Global Cast Iron Cookware Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Cast-iron cookware is a cookware made of cast iron. The characteristic is that it is relatively heavy. It is admired for its heat retention, its longevity, its capacity of being used at extremely high temperatures, and its ability to cook by consuming less oil. Cast iron cookware is naturally non-stick if seasoned properly, seasoning is also used to protect raw cast iron from corrosion. Cast iron cookware is extremely durable, and it can be used on every type of stove, and even on grills or campfires.
Market Overview:
The latest research study on the global Cast Iron Cookware market finds that the global Cast Iron Cookware market reached a value of USD 3002.98 million in 2022. It’s expected that the market will achieve USD 3602.12 million by 2028, exhibiting a CAGR of 3.08% during the forecast period.
Strength
cast iron material has excellent heating properties.
cast iron Cookware Has Heaith Benefits.
weakness
Global cookware market with multiple alternatives.
Requires large initial investment and certain technical reserves.
Opportunity
lncrease in the number of single dwelling users
Food culture in Asia-Pacifi and other regions benefits the market
Threat
Raw material transportation costs are relatively high.
The impact of COVID19 on raw material prices.
Region Overview:
Europe had the highest growth rate of all regions.
Company Overview:
Le Creuset is one of the major players operating in the Cast Iron Cookware market, holding a share of 13.17% in 2021.
Mergers & Acquisitions, Expansion Plans
November 30, 2016- Groupe SEB (Paris:SK) is pleased to announce that it has finalized the acquisition of the German group WMF.
This structuring acquisition strengthens Groupe SEB’s global leadership, by gaining the position of world number one in professional automatic coffee machines and becoming the cookware leader in Germany.
The acquisition was executed on the basis of a €1,585 million enterprise value at December 31, 2015, the assumption of €125 million in pension liabilities on the same date and a €70 million payment to the seller in compensation for Groupe SEB retaining WMF’s results from January 1, 2016.
The acquisition is financed entirely by debt. Right after signing the transaction in May 2016, the Group obtained a €1.3 billion bridge loan from its bank pool, the refinancing of which is already at an advanced stage.
As stated last May, the pro forma net debt / adjusted EBITDA ratio is expected to be below 3 by end-2016 and the transaction will be accretive by more than 20% on earnings per share in 2017.
In its new setup, Groupe SEB 2016 pro forma sales will be approximately €6 billion and the number of employees will exceed 30,000 people.
Segmentation Overview:
Among different product types, Skillets/ Fryers segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Food Services segment occupied the biggest share from 2017 to 2022.
Key Companies in the global Cast Iron Cookware market covered in Chapter 3:
Groupe SEB
ZWILLING
Cuisinart
Lodge
American Metalcraft
Le Creuset
Vermicular
Tramontina
Camp Chef
Newell
Meyer
In Chapter 4 and Chapter 14.2, on the basis of types, the Cast Iron Cookware market from 2018 to 2029 is primarily split into:
Dutch Ovens
Camp Pots
Skillets/ Fryers
Woks
Griddles
Bake Ware
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cast Iron Cookware market from 2018 to 2029 covers:
Household
Food Services
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
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