USD 1.81 billion
Report ID:
SQMIG25F2030 |
Region:
Global |
Published Date: July, 2024
Pages:
223
|Tables:
59
|Figures:
75
Global Enameled Cookware Market size was valued at USD 1.81 billion in 2022 and is poised to grow from USD 1.93 billion in 2023 to USD 3.24 billion by 2031, at a CAGR of 6.70% during the forecast period (2024-2031).
enameled cookware market is a lucrative industry that offers a wide range of products to consumers worldwide. enameled cookware is made by coating iron or steel cookware with a layer of enamel, which is a type of glass that is fused to the surface of the cookware at high temperatures. This process provides a smooth and non-stick surface that is easy to clean, and it also prevents rust and corrosion. The purpose of the market is to cater to the growing demand for high-quality cookware products that are not only durable but also aesthetically pleasing. The rising popularity of cooking shows and culinary trends has fueled the demand for enameled cookware, as consumers seek to replicate the dishes they see on TV or social media.
One of the key drivers of the enameled cookware market is the growing demand for healthy and home-cooked meals. Consumers are becoming increasingly health-conscious and are looking for cookware that can help them prepare nutritious meals at home. enameled cookware offers a safe and healthy cooking option, as it is made from natural materials and does not contain harmful chemicals or toxin. However, the market also faces some restraints, such as the high cost of enameled cookware compared to other types of cookware. This can limit the adoption of enameled cookware among price-sensitive consumers, particularly in developing regions. One of the key trends in the market is the increasing popularity of enameled cast iron cookware, which is known for its superior heat retention and even heating properties. Consumers are also showing a preference for cookware that can be used on a variety of heat sources, including gas, electric, and induction stovetops. An opportunity in the market is the rising demand for eco-friendly and sustainable cookware products. Manufacturers are increasingly using environmentally friendly materials and production processes to meet the growing demand for sustainable cookware.
US Enameled Cookware Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.81 billion
Largest Segment
Offline
Fastest Growth
Online
Growth Rate
6.70% CAGR
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enameled cookware market is segmented on the basis of distribution, application, and region. Based on distribution, the Enameled Cookware Market is segmented into online and offline. In terms of application, the market is segmented into residential and commercial. Regionwise, the Enameled Cookware Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Enameled Cookware Market Analysis by Distribution Channel
The offline segment currently dominated the enameled cookware market with a significant share of 69.3% in 2022. This can be attributed to the trust and authenticity provided by exclusive and company-operated stores, which is particularly important in a market where counterfeit products are prevalent. Consumers tend to prefer purchasing from offline stores due to the level of genuineness provided. This trend is expected to continue and contribute to the dominance of offline sales channels in the coming years.
However, the online segment is expected to achieve the highest CAGR of 7.5% during the forecast period and emerge as the fastest growing segment. The advent of the digital age has brought about significant changes in consumer behavior and preferences, leading to a rise in online purchasing. Major brands are adopting online distribution channels to cater to the increasing number of Internet users. For instance, Cuisinart launched its e-commerce website in June 2020, offering approximately 200 products and 1,500 replacement parts from the company's portfolio. Similarly, global retail giants such as Amazon and eBay have established a strong online presence, boosting their sales through their retail stores and online platforms.
Enameled Cookware Market Analysis by Application
The residential sector accounted for the largest share, approximately 68.7%, of the enameled cookware market in terms of revenue in 2022. This can be attributed to the increasing trend of kitchen remodeling activities, which is driving the demand for enameled cookware. Furthermore, according to a report by Houzz Inc., home renovation spending increased by 36% in the UK in 2020, with median spending of USD 14,903.2. Investment in kitchen projects, which is the most popular among renovating homeowners, also surged by 15% in 2020, further driving the demand for enameled cookware in the residential sector.
On the other hand, the commercial segment is expected to achieve the fastest CAGR of 7.0% during the forecast period. The trend of eating out has been on the rise, leading to an increased demand for durable and heat-resistant cookware in restaurants, bars, hotels, and other eating joints. Additionally, the booming restaurant industry, which focuses on high-quality food and service, has encouraged restaurant owners to invest in modern and high-quality cookware, further driving the enameled cookware market in the commercial sector.
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Europe is the dominating region in the global enameled cookware market, owing to the region's strong culinary traditions and the popularity of enameled cast iron cookware. Europe has a long-standing culinary culture, with cooking and food being an integral part of its history and traditions. The popularity of enameled cast iron cookware in Europe can be attributed to its durability, versatility, and heat retention properties. Additionally, the region's love for home-cooked meals has created a demand for high-quality cookware that can withstand daily use for years to come. The enameled cookware market in Europe is further driven by the growing trend of healthy cooking, with consumers preferring cookware that is free from harmful chemicals and easy to clean. The rising demand for aesthetically pleasing and colorful cookware has also fueled the growth of the market, with many consumers seeking cookware that can add a touch of style to their kitchen. Furthermore, the presence of established enameled cookware manufacturers in Europe, such as Le Creuset and Staub, has strengthened the market's growth. These companies have been able to maintain a strong customer base by offering high-quality and innovative products, as well as investing in research and development to create new and improved cookware designs.
Asia-Pacific is expected to be the fastest-growing region in the enameled cookware market, owing to the rising disposable incomes and changing lifestyles of consumers in this region. The Asia-Pacific region has witnessed a significant shift in consumer preferences towards premium and high-quality cookware products, which are not only durable but also aesthetically pleasing. The rising disposable incomes of consumers in countries like China, India, and Japan are enabling them to invest in high-quality cookware products, including enameled cookware. Additionally, the increasing popularity of Western-style cooking, which requires the use of high-quality cookware, is also contributing to the growth of the market in the region. Moreover, rapid urbanization in the Asia-Pacific region is leading to the growth of small-sized households, which is increasing the demand for compact and convenient cookware products. enameled cookware, with its versatile usage and compact design, is gaining popularity among consumers in this region. Furthermore, the increasing influence of social media and cooking shows is encouraging consumers to experiment with new and innovative recipes, which require the use of high-quality cookware products, including enameled cookware.
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Enameled Cookware Market Drivers
Growing Preference for Healthy and Home-cooked Meals
Increasing Disposable Income
Enameled Cookware Market Restraints
High cost
Limited availability
Maintenance Requirements
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enameled cookware market is highly competitive with the presence of several established players and new entrants. The major players in the market are continuously innovating and investing in research and development to introduce new and advanced products to attract consumers. They are also expanding their distribution channels to reach more customers across various regions. In addition, the enameled cookware market is characterized by several regional and local players who are also contributing to the market growth. These players are focusing on providing affordable and high-quality products to cater to the increasing demand from consumers. Moreover, many players are adopting sustainable and eco-friendly manufacturing practices to appeal to environmentally conscious consumers.
Enameled Cookware Market Top Player’s Company Profiles
Enameled Cookware Market Recent Developments
Increasing Demand for Durable and Versatile Cookware
Growing Popularity of Online Sales Channels
Introduction of Innovative and Sustainable Products
Increasing Adoption of Induction Cooktops
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global enameled cookware market is projected to experience significant growth during the forecast period, driven by various factors such as increasing demand for durable and high-quality cookware, changing lifestyles of consumers, rising disposable incomes, and growing urbanization. In terms of distribution channels, the offline segment dominates the market, with a share of 69.3% in 2022. The online segment is expected to witness the fastest growth, with an estimated CAGR of 7.5% over the forecast period, driven by the increasing number of internet users and the adoption of online distribution channels by major brands. The residential sector dominates the enameled cookware market, accounting for around 68.7% of the market share in 2022. Meanwhile, the commercial segment is projected to witness the fastest growth, with an estimated CAGR of 7.0% over the forecast period, owing to the rising trend of eating out and the growing restaurant industry's focus on high-quality food and service. In terms of geography, Europe dominates the global enameled cookware market, accounting for the largest market share in 2022, owing to the region's strong culinary traditions and the popularity of enameled cast iron cookware. The Asia-Pacific region is expected to witness the fastest growth, with an estimated CAGR of 7.9% during the forecast period, driven by rising disposable incomes, changing lifestyles of consumers, and rapid urbanization. The market is highly competitive, with players focusing on product innovation, expansion of product portfolios, and strategic partnerships to gain a competitive advantage.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.81 billion |
Market size value in 2031 | USD 3.24 billion |
Growth Rate | 6.70% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Enameled Cookware Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Enameled Cookware Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Enameled Cookware Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG25F2030
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