The Latin America, Middle East and Africa Induction Cookware Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 2,894.7 thousand units, showcasing a growth of 10.4% (2023-2030).
Stainless steel-based induction cookware has gained significant popularity for its versatility, durability, and compatibility with induction cooktops. These cookware items, including pots, pans, and utensils, offer a wide range of uses, from sautéing and frying to boiling and simmering. Thus, South Africa market consumed 275.29 thousand units of Induction Cookware in 2022.
The Brazil market dominated the LAMEA Induction Cookware Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $77.1 million by 2030. The Argentina market is registering a CAGR of 9.5% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 8.6% during (2023 - 2030).
Its portability has led to its adoption in outdoor cooking settings, such as barbecues, picnics, and camping trips. Portable cooktops provide a convenient and safe alternative to traditional open-flame cooking methods.
Additionally, Catering companies and event organizers also incorporate this for on-site food preparation during events, allowing for efficient cooking without bulky and potentially hazardous gas setups.
The culture of hospitality and generosity in Saudi Arabia often involves hosting guests and providing them with delicious meals. For example, according to the Ministry of Economy of the United Arab Emirates, the travel and tourism industry contributed approximately AED 167 billion, or 9%, to the UAE’s GDP in 2022. The UAE has 1189 hotels as of 2022, with a total hotel room capacity 203,000. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Induction Cookware Market is Projected to reach USD 4 Billion by 2030, at a CAGR of 7.1%
Based on Application, the market is segmented into Residential, and Commercial. Based on Product, the market is segmented into Pans, Pots, and Others. Based on Material, the market is segmented into Stainless Steel, Cast Iron, Carbon Steel, and Others. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Online, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
By Material (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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