Global Cookware Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cookware Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cookware is food preparation equipment used in the kitchen, such as cooking pots, pans, etc. Cookware is used on stovetops or cooktops. Cookware comes in a wide variety of shapes, materials and interior surfaces. Some materials conduct heat well; others retain heat very well. Some surfaces are non-stick; some require seasoning. Some pots and their lids have handles or knobs made of materials with low thermal conductivity, such as Bakelite, plastic, or wood, so they can be handled easily even without gloves.

Market Overview:

The latest research study on the global Cookware market finds that the global Cookware market reached a value of USD 22862.0 million in 2022. It’s expected that the market will achieve USD 28765.12 million by 2028, exhibiting a CAGR of 3.9% during the forecast period.

Influence of COVID-19 Outbreak on Cookware Industry Development

Affected by the epidemic, the revenue and net profit of most companies will decline slightly in 2020. At present, the various businesses of cookware companies have gradually recovered. During the COVID-19 period, in order to ensure business volume and brand awareness, cookware companies continued to expand online channels and invested a lot of marketing costs. Thanks to the efforts of many cookware companies to develop e-commerce channels, the proportion of online channels for cookware retail sales has gradually increased. Furthermore, COVID-19 has created a need for home use, and has prompted consumers to gradually develop the consumption habit of online shopping. Therefore, the increase in consumer cooking behavior has driven the demand for the cookware industry to soar. The online sales of the cookware industry have performed well, and the industry has continued to thrive. With the continuation of the normalization trend of COVID-19, the trend of offline purchasing power shifting online in the global cookware market still exists.

From the analysis of price fluctuations of raw materials, the prices of aluminum, copper, iron and alloys basically showed an upward trend during the epidemic. Changes in raw material prices in the upstream industry of the cookware market have a greater impact on manufacturers' profit margins. Under the condition that the sales price of the product remains unchanged, the increase in the price of raw materials in the upstream industry will lead to a decrease in the profit of the cookware industry, and vice versa will lead to an increase in profit. Secondly, transportation costs have also risen significantly during the COVID-19 period, and the supply of goods between industrial chains has been limited to a certain extent.

After the outbreak of COVID-19 in 2020, compared with other types of cookware, the online sales of just-needed cookware products such as frying pans performed well, and their shares showed an upward trend. Secondly, the share of common soup pots and pressure cookers has also increased. In addition, the heat of steamers, stew pans and frying pans is mainly related to the eating habits and cooking habits of people in various regions. It shows that in the post-epidemic era, consumers' online shopping still focuses on basic cooking products.

Strength

The sustained and stable economic growth of various countries has led to the increase of people's disposable income. The increase in income has greatly improved people's living standards and increased people's purchasing power for cooking utensils. People's living conditions have also been greatly improved with the increase in income levels. Every year, a large number of residents move into new homes, which drives the growth of the market demand for cooking utensils. At the same time, the improvement of hardware supporting facilities such as water, electricity, gas and kitchen decoration has also driven the upgrading of cooking utensil consumption.

With the improvement of people's living standards and the acceleration of the pace of life, people's requirements for the quality of life are getting higher and higher, and people's consumption concepts are changing. Safety, health, and environmental protection have become popular concepts in home life, and cooking utensils have also changed from simple applicability to Functionalization, electrification, and fashion transformation.

The improvement of people's income level and the change of consumption concept have accelerated the upgrading of cooking utensils. Traditional economical and applicable cooking utensils are gradually developing in the direction of intelligence, multi-function, energy saving and environmental protection. It has been gradually applied in production.

Medium and high-end cooking utensils have humanized design, advanced technology, fine workmanship, and high product added value, which has driven the increase in industry profits. The cookware industry is entering the stage of industrial upgrading driven by new technologies.

Region Overview:

Asia Pacific had the highest growth rate of all regions

In 2022, the share of the Cookware market in Asia Pacific stood at 30.26%.

Company Overview:

Groupe SEB
Groupe SEB is a large French consortium that produces small appliances and is the largest cookware manufacturer in the world. Groupe SEB faces stiff competition from lower-priced Chinese rivals but has managed to maintain steady sales levels. Most of Groupe SEB's product line is now manufactured in China.

Meyer

Meyer offers more than just cookware. Meyer is a fan of passion and performance, looking for ideas that can make people's lives better and make our fast-paced world more creative, convenient and satisfying. Meyer is also a manufacturer. With deep roots in creating, manufacturing and bringing new products to market, Meyer remains connected to the core values of excellence, responsibility, collaboration, innovation, customer satisfaction and continuous improvement. The foundation of Meyer cookware begins in the factory. Since 1972, Meyer has produced all types of cookware, controlling the entire process from raw material to finished product.

Groupe SEB is one of the major players operating in the Cookware market, holding a share of 11.46% in 2023.

Groupe SEB, Meyer, Le Creuset, The Cookware Company, ZWILLING are the five key players in the global Cookware market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global market in the past 5 years.

Segmentation Overview:

Among different product types, Stainless Steel segment is anticipated to contribute the largest market share in 2028.

Cast Iron

Cast-iron cookware is slow to heat, but once at temperature provides even heating. Cast iron can also withstand high temperatures, making cast iron pans ideal for searing. Being a reactive material, cast iron can have chemical reactions with high-acid foods such as wine or tomatoes. In addition, some foods (such as spinach) cooked on bare cast iron will turn black.

Stainless Steel

Stainless steel is an iron alloy containing a minimum of 11.5% chromium. Blends containing 18% chromium with either 8% nickel, called 18/8, or 10% nickel, called 18/10, are commonly used for kitchen cookware. Stainless steel's virtues are resistance to corrosion, non-reactivity with either alkaline or acidic foods, and resistance to scratching and denting. Stainless steel's drawbacks for cooking use include its relatively poor thermal conductivity.

Coated Cookware

Steel or aluminum cooking pans can be coated with a substance such as polytetrafluoroethylene (PTFE, often referred to with the genericized trademark Teflon) in order to minimize food sticking to the pan surface. There are advantages and disadvantages to such a coating.

Multi-Ply

In the cookware world, ply means layer. When the cookware is 5-ply, it means that the cookware is made of 5 layers of metal. For example, use three inner layers of aluminum, called the core, and two outer layers of stainless steel (one on top and one on the bottom). The reason the Multi-Ply Cookware uses both aluminum and stainless steel is that each metal has a different purpose.

Iron

Cast iron cookware takes longer to heat up than iron. Compared to cast iron, iron cookware heats up quickly and holds heat for less time. Cast iron products last much longer than iron, which is made from an alloy of carbon, iron, and silicon. Iron products have a shorter service life compared to cast iron.

Ceramic

Ceramic cookware is made of metal rather than ceramic. The composition of ceramic cookware varies, but the unifying feature is the sol-gel coating that is bonded to the cookware.

Others

Cookware materials also include carbon steel and copper. Carbon steel cookware products are lightweight, versatile, durable, and affordable, and are often used when cooking at high temperatures. Copper cookware products are usually more expensive, but they heat quickly and evenly, are responsive to changes in heat, and are very aesthetically pleasing.

Application Overview:

Residential
Household kitchen cooking utensils are mainly aesthetics and safety-oriented, usually smaller in size and lighter in weight. In addition, household cooking utensils are more versatile, and there are fewer types of cooking utensils with the same function, which are less professional and are mainly used for daily cooking at home.

Commercial

Commercial cookers are mainly used in hotels and restaurants, and they pay more attention to the practicality and functionality of the products.

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cookware market covered in Chapter 3:

Woll
Neoflam
Cuisinart
SCANPAN A/S
The Cookware Company
Tefal
Illa
WMF
Calphalon
Caraway
Le Creuset
Meyer
Lodge
Nordic Ware
ZWILLING
Regal Ware
Tramontina
Groupe SEB
Vermicular
Vollrath
CRISTEL

In Chapter 4 and Chapter 14.2, on the basis of types, the Cookware market from 2018 to 2029 is primarily split into:

Cast Iron
Stainless Steel
Coated Cookware
Multi-Ply
Iron
Ceramic
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cookware market from 2018 to 2029 covers:

Residential
Commercial

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)