The Global Nonstick Cookware Market size is expected to reach $14.3 billion by 2027, rising at a market growth of 6.2% CAGR during the forecast period. Nonstick cookware refers to the set of utensils that are designed in a way that food items do not stick on them. There is a non-stick coating applied to these utensils to prevent food from getting burned or overcooked. In addition, this coating is done by utilizing various raw materials such as aluminum, Teflon, ceramic, enameled iron, and others.
By utilizing nonstick cookware, consumers can reduce the amount of oil in their food consumption, and washing time of these utensils as no food is stuck on nonstick cookware. In addition, non-stick cookware is widely accessible in various colors, sizes, shapes, and materials that would contribute to the growth of the market during the forecast period.
The demand for nonstick cookware is driven by the high spending of the consumers on home refurbishment projects as a result of increased inclinations of the customers towards modular kitchens. As per Houzz's 10th annual Houzz & House survey, home refurbishment activities have increased by 15% in the past few years, with kitchens, home offices, outdoor areas, and technology getting high attention. The growing popularity of the cook-at-home trend, especially during the COVID-19 pandemic is estimated to bolster the growth of the market over the coming years. There are several consumers who experiment with new dishes at their home and also improving their culinary talents.
The COVID-19 pandemic has positively impacted the demand for nonstick cookware. It is mainly due to work from home culture and people were compelled to lock inside their homes, hence they tend to try out new things like cooking. The rise in online shopping and increasing focus on health & wellness are the main factors that lead to the high popularity of cook-at-home trend during the COVID-19 pandemic. Many consumers are increasingly investing in branded cookware, which has supported the demand for these products.
The changing climatic conditions and the increasing frequency of natural calamities are motivating people to adopt things that cause minimum or no harm to the environment and hence, the demand for eco-friendly products across different industrial verticals has increased. Similarly, the cookware industry has also witnessed the trend of eco-friendly non-stick cookware, which causes no harm to the environment. Several chefs around the world use non-stick cookware or eco-friendly pans, which do not cause any harm to the surroundings as well as customers health.
In the past few years, the cookware sector has evolved a lot and has witnessed new heights in terms of innovations. Traditionally, consumers adopt old catering strategies for various containers, procedures, and recipes. But now, customers have started to adopt modern solutions & products and are shifting to a more contemporary style as the world is becoming smarter and better with innovative kitchen products. Nonstick cookware offers a wide range of advantages that include easy cleanup and the consumption of less fuel while cooking.
Nonstick cookware is a part of luxury cookware, which makes it more expensive than traditional cookware. The usage of different materials for coating nonstick cookware increases the overall cost of the product. In addition, several manufacturers are increasingly investing in R&D activities to innovate their product quality and adding different features to their products, which have a direct impact on the price of the final product that is marketed.
Based on Raw Material, the market is segmented into Teflon Coated, Aluminum Coated, Enameled Iron Coated, Ceramic Coated, and Other Raw Materials. Millennials constitute a major portion of primary buyer group of non-stick cookware products after the pandemic. Due to this, several market players are aiming at millennials and providing them with a one-stop shop for home cooking. Key players of the market are increasingly investing in R&D activities to enhance the as it is one of the most crucial aspects of the industry. The increasing number of product launches and innovations is estimated to create higher demand for these products. Although, the high price of nonstick cookware and the accessibility of low-price, more durable substitutes like aluminum and stainless steel would hamper the growth of the market.
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores and Other channels. The easy accessibility of nonstick cookware across various sales channels and the rising penetration of the internet are among the key factors surging the demand for non-stick cookware via e-commerce sites. Online distribution channels have witnessed a surge in sales because these channels enable buyers to get access to premium and global brands with well-informed data regarding their products.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 8.2 Billion |
| Market size forecast in 2027 | USD 14.3 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 6.2% from 2021 to 2027 |
| Number of Pages | 171 |
| Number of Tables | 289 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Raw Material, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Europe emerged as a leading region in the nonstick cookware market with the largest revenue share in 2020. The increasing innovations in various products by using diverse colors and customized collections are gaining more popularity among the consumers in this region. In the regional market, aluminum nonstick cookware is one of the most popular segments.
Free Valuable Insights: Global Nonstick Cookware Market size to reach USD 14.3 Billion by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Cookware Company, Groupe SEB, Newell Brands, Inc., TTK Prestige Limited, Berndes Cookware (BERNDES Küche GmbH), Crown Cookware, Meyer Corporation (Meyer Manufacturing Co. Ltd.), Scanpan USA, Inc., and Hawkins Cookers.
By Raw Material
By Distribution Channel
By Geography
The global nonstick cookware market size is expected to reach $14.3 billion by 2027.
Growing awareness among customers regarding the advantages of nonstick cookware are driving the market in coming years, however, high cost of nonstick cookware have limited the growth of the market.
The Cookware Company, Groupe SEB, Newell Brands, Inc., TTK Prestige Limited, Berndes Cookware (BERNDES Küche GmbH), Crown Cookware, Meyer Corporation (Meyer Manufacturing Co. Ltd.), Scanpan USA, Inc., and Hawkins Cookers.
The expected CAGR of the nonstick cookware market is 6.2% from 2021 to 2027.
The Teflon-coated segment acquired the highest revenue share of the market in 2020. It is due to the stiffness and longevity of the material, which is making it more popular among middle-income families.
Which region dominated the nonstick cookware market in 2020?
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