The global non-stick cookware market size was valued at USD 7.62 billion in 2023. The market is projected to grow to USD 11.73 billion by 2030, depicting a CAGR of 6.4% during the forecast timeframe of 2024-2030.
Numerous producers of non-stick cookware are developing a range of goods with vivid colors and a matte texture to satisfy homeowners' demands for kitchen décor. Additionally, non-stick cooking tools are becoming more and more popular in homes because they are much simpler to clean than traditional utensils. In the upcoming years, these factors are expected to fuel the growth of the non-stick cookware market globally.
Information Source: https://www.fortunebusinessinsights.com/non-stick-cookware-market-105006
Top Key Company Covered in the Non-stick Cookware Market:
- Groupe SEB (France)
- TTK Prestige Ltd. (India)
- Moneta Cookware (Italy)
- Newell Brands (U.S.)
- Bradshaw International, Inc. (U.S.)
- Meyer International Holdings, Ltd. (U.S.)
- StoveKraft (India)
- Conair Corporation (U.S.)
- The Cookware Company (U.S.)
- Bundy Baking Solutions (U.S.)
Segments
Extreme Corrosion Resistance Properties to Help Teflon Coated Segment to Bolster Market Growth
The market is divided into Teflon coated, anodized aluminum coated, ceramic coated, enameled iron coated, and other categories based on the type of material used. It is projected that the Teflon/PTFE material category will have a significant market share because of its advantageous qualities, which include robustness, durability, and good usability.
Significant Non-stick Kitchenware Demand from Households May Foster Residential Segment Growth
The market is divided into two segments based on the final use: residential and commercial. Because of the growing number of residential buildings being constructed and the changing trends in kitchen design, the residential segment is expected to hold the majority of the market.
Wide Availability of Kitchenware Items to Fuel Supermarkets & Hypermarkets Segment Expansion
The market is divided into specialty shops, supermarkets & hypermarkets, internet businesses, and others based on the distribution channel. Supermarkets and hypermarkets might potentially hold a significant portion of the business, as they provide easier access to a wide range of cookware products in one location.
In terms of geography, the market is examined in South America, Asia Pacific, Europe, North America, and the Middle East and Africa.
Report Coverage:
The research report entails a detailed analysis of the market to understand and highlight critical aspects, such as material types, distribution channels, prominent companies, and end-uses of the product. In addition, the report offers actionable insights into the market trends and competitive landscape, highlighting noteworthy industry developments and the market forecast.
Drivers and Restraints:
Introduction of Innovatively Designed Non-stick Products to Accelerate Industry Expansion
It is anticipated that rising sales of kitchen appliances with cutting-edge designs will propel market expansion. Cooks and housekeepers are starting to worry these days that non-stick cookware will scratch when heated to higher temperatures. Manufacturers have responded by releasing cutting-edge cookware to assist consumers streamline their cleaning and cooking procedures and prevent scratches.
However, using non-stick cookware that is damaged or coated with Teflon has been connected to a number of health issues. These might be anything from a headache and fever to more serious conditions like kidney cancer. These elements may partially restrict the product's adoption.
Regional Insights:
Rising Production of Hard Anodized Aluminum Coated Cookware to Boost Asia Pacific Market Progress
In 2022, the non-stick cookware market share in Asia Pacific reached USD 2.36 billion globally. Products related to cookware and baking are widely used in South East Asia, China, and India. The creation of large-scale production facilities in China, Japan, and India to manufacture cookware coated in hard anodized aluminum is expected to boost demand for the product throughout Asia Pacific. For instance, SHANGHAI GUANHUA STAINLESS STEEL PRODUCTS CO., LTD., a Chinese manufacturer of stainless steel cookware, with an average monthly manufacturing capacity of 700,000 to 800,000.
Competitive Landscape:
Leading Companies to Adopt Innovation and Production Capacity Expansion Strategies to Increase Market Presence
Leading organizations, such as Groupe SEB, TTK Prestige Ltd., and others, are producing and supplying non-stick cookware products that are equipped with innovative technologies to boost their brand image and customer satisfaction. These global brands are opening new production facilities to build their manufacturing base and reinforce their market position.
For instance, in November 2021, Wonderchef Home Appliances Pvt. Ltd., an Indian kitchen appliances supplier, teamed up with Sixth Sense Ventures to invest USD 20.15 million to strengthen the former’s online presence, distribution network, and manufacturing base for its 600 non-stick cookery items and appliances in India.
Key Industry Development:
September 2021 - Groupe SEB introduced ‘Recycle with Tefal’, a cookware recycling campaign to collect old aluminum cooking items from UAE-based consumers and offer them Tefal’s ‘Eco Respect’ cookware range in exchange in the country.
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