The Asia Pacific Cookware Market would witness market growth of 14.4% CAGR during the forecast period (2021-2027). The growing trend of smart kitchens is directly influencing the growth of the cookware market. It is leading to a changing purchasing pattern of the consumer for their kitchen. A surge in the residential side of the market is also driving the market growth. The population is growing in many developed countries due to increasing immigrants from different countries. Therefore, the number of household consumption also increased which is propelling the market demand for cookware.
East Asia is likely to show exciting growth prospects in the cookware market during the forecast period. Online sales play a substantial role in the South Asia market. South Asia and East Asia are the major contributors to the market share in the non-stick cookware market. The trend of using new and different types of cookware for cooking different cuisines has positively impacted the cookware market growth. For example, in India, the consumer group is nowadays using different cookware products for making Italian food. Having different cookware for both veg and non-vegetarian food items is a tradition in India. It is expected to influence the market growth of cookware in south Asia. Developing countries are coping up with globalization and industrialization. They are experiencing the trending demand for advanced cookware. That is why market players are investing more in research and development. They are going for innovative technologies and products in designing cookware.
The China market dominated the Asia Pacific Glass Market by Country in 2020, thereby, achieving a market value of $212.2 million by 2027. The Japan market is showcasing a CAGR of 17.3% during (2021 - 2027). Additionally, The India market is anticipated to witness a prominent CAGR during (2021 - 2027).
Based on Application, the market is segmented into Residential and Commercial. Based on Product, the market is segmented into Pots & Pans, Spoon, Wok Tumer, Soup Ladle and Whisk. Based on Material Type, the market is segmented into Stainless Steel, Aluminum, Glass and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cookware Market is Projected to reach USD 18.6 Billion by 2027, at a CAGR of 13.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Groupe SEB, Newell Brands, Inc., MiddleBy Corporation, Werhahn KG, Target Corporation, Fissler GmbH, Gorenje Group, Meyer Corporation (Anolon), Cuisinart Corporation (Conair Corporation), and Tramontina Multi S.A.
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