Cookware Market Expected to Reach US ~$18.42 Billion and CAGR 6.8% by 2028 – Polaris Market Research

Bag-In-Box Container Market

The global Cookware Market size is expected to reach USD 18.42 billion by 2028 according to a new study by Polaris Market Research.

The key factors boosting the global industry consist of increasing standard of living is tied with the growing trend of modular kitchens may lead the industry in both commercial and residential sectors. In addition, several manufacturers may contract with various builders for home construction, with the most suitable home cookware in the kitchen will further fuel the global market.

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Furthermore, the rising construction of commercial spaces such as group centers, marriage halls, clubs, and lounges present numerous growing prospects for self-services and buffets that may positively influence the demand for the product in the commercial sector.

Millennials are the major contributors to industry growth as they drive the acceptance of cook-at-home meals. Home-cooked food offers various benefits such as boosting energy, availability of fresh and healthy food, wholesome meals, and many others. For instance, in 2020, around 1.8 billion many people. Therefore, these factors may positively influence the industry growth in the forecasting period.

Numerous manufacturers are opting for different policies or marketing strategies for expanding their business operations worldwide. For instance, in March 2021, SMEG introduced its collection of products by collaborating with a Milan-based studio. This collection will be available in three colors red, black and cream as well as each cookware is manufactured with aluminum and completed with a non-stick coating. These will help the user with easy cleaning & care and fast & even heat distribution. Glass lids helps users for monitoring the whole cooking process.

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Major Participants such as WMF, Anolon, Calphalon, Circulon, Zwilling, Farberware, Fissler, Werhahn Group, Groupe SEB, MEYER Corp., All-Clad Group, Target-Made by Design, Tramontina, Tefal, and Cuisinart, are some of the key players operating worldwide.

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Polaris Market Research has segmented the cookware market report on the basis of product, material, application, and region:

Cookware, Product Outlook (Revenue, USD Billion, 2016 – 2028)

  • Pots & Pans
  • Wok Turner
  • Whisk
  • Spoon
  • Soup Ladle

Cookware, Application Outlook (Revenue, USD Billion, 2016 – 2028)

  • Residential
  • Commercial

Cookware, Material Type Outlook (Revenue, USD Billion, 2016 – 2028)

  • Stainless Steel
  • Aluminum
  • Glass
  • Others
    • Fiber
    • Ceramic
    • Plastic

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