The North America Induction Cookware Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 7,295.2 thousand units, showcasing a growth of 6.6% (2019-2022).
Induction cookware, widely embraced in residential kitchens, serves a multitude of purposes and offers several advantages. Its uses span the entire spectrum of cooking tasks, including boiling, simmering, frying, sautéing, and more. Therefore, the Canada market consumed 1,052.3 thousand units Induction Cookware in 2022.
The US market dominated the North America Induction Cookware Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $808.6 million by 2030. The Canada market is experiencing a CAGR of 9.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2023 - 2030).
It accommodates various cooking techniques, making it a favorite among culinary enthusiasts. From stir-frying and deep-frying to slow cooking and braising, it provides the precise temperature control required for optimal results.
Moreover, it has found a niche in sous vide cooking, which involves cooking food in vacuum-sealed bags at precise and consistently low temperatures. Maintaining a stable and controlled temperature is crucial in sous vide, and the precision of this makes it well-suited for this technique.
As per the International Trade Administration, in 2022, there were more than 27 million e-commerce users in Canada, or 75% of the population. By 2025, this percentage is projected to increase to 77.6%. Online distribution channels provide Canadian consumers the convenience of browsing and purchasing it from the comfort of their homes.
Free Valuable Insights: The Induction Cookware Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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