NEW
YORK, July 10, 2024 /PRNewswire/ -- The global
nonstick cookware market size is estimated to grow by USD 1.16 billion from 2024-2028, according to
Technavio, at a CAGR of 4.83% during the forecast period.
Increasing awareness about healthy and convenient cooking practices
and a trend towards online sales are driving market growth.
However, volatility in raw material prices poses a challenge.
Regions expected to see the highest growth include North America and Asia-Pacific. Key players include Berndes
Cookware USA, Cuisinart, GreenPan,
Hawkins Cookers Ltd., Le Creuset, Meyer Corp., and TTK Prestige
Ltd.
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Nonstick Cookware
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.83%
|
Market growth
2024-2028
|
USD 1169.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.37
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
38%
|
Key
countries
|
US, China, Germany,
Japan, and UK
|
Key companies
profiled
|
Berndes Cookware USA,
Bhalaria Metal Craft Pvt. Ltd., Bradshaw Home Inc., Cuisinart,
GreenPan, Hawkins Cookers Ltd., Le Creuset, Maspion Group, Meyer
Corp., Neoflam, Newell Brands Inc., Nirlep Appliances Pvt. Ltd.,
Pigeon Corp., SCANPAN USA Inc., SEB Developpement SA, Swiss Made
Brands USA Inc., The Cookware Co., TTK Prestige Ltd., Usha Shriram
Enterprises Pvt. Ltd., and Vinod Cookware
|
Market Driver
The nonstick cookware market in emerging economies faced
challenges in terms of product availability and credibility.
However, the expansion of the internet has improved access to
nonstick cookware from various channels. Consumers can now purchase
premium and global brands regardless of their location. The online
distribution channel facilitates informed buying decisions by
providing easy access to product information. Additionally, it
reduces logistics costs for vendors, enabling competitive pricing.
As a result, the online distribution channel is expected to boost
the growth of the global nonstick cookware market.
The Nonstick Cookware market is thriving, driven by
health-conscious consumers seeking to reduce their use of oil and
fat during cooking. Modern cooking practices, including commercial
kitchens in restaurants, hotels, and households, favor nonstick
cookware for its superior cooking performance. However, concerns
over health risks from toxic fumes and environmental issues have
arisen. Polytetrafluoroethylene (PTFE) coatings have been the
dominant choice, but safer alternatives like ceramic and silicone
coatings, stainless steel, cast iron, and copper are gaining
popularity. Durability, heat resistance, and multi-functionality
are key factors influencing consumer preferences. Ergonomic handles
and heat-resistant materials are essential features in today's
nonstick cookware. Physical stores, specialty kitchenware shops,
departmental stores, and online distribution channels, including
e-commerce platforms, cater to the growing demand. Nonstick
cookware manufacturers focus on product innovation, with offerings
ranging from nonstick pans to bakeware, frying pans, sauté pans,
cake pans, muffin tins, cookie sheets, and baking trays. Internet
penetration continues to expand, driving online sales.
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Market Challenges
- The nonstick cookware market relies heavily on aluminum as its
primary raw material for manufacturing. Aluminum price fluctuations
significantly impact vendors' costs and profitability. The intense
competition in the market prevents price increases from being
passed on to consumers. For instance, the LME aluminum price rose
approximately 40% from January to March
2022. This increase was primarily due to the US sanctions on
Rusal, a major aluminum producer, accounting for around 6% of
global production. These sanctions restricted the supply of
aluminum, leading to increased demand and prices for aluminum
products. Such factors may hinder the growth of the global nonstick
cookware market during the forecast period.
- The Nonstick Cookware Market faces challenges in catering to
various segments, including muffin tins, cookie sheets, and baking
trays. Physical stores, specialty kitchenware shops, and
departmental stores remain dominant distribution channels. However,
the online distribution channel through e-commerce platforms is
growing due to increasing internet penetration. Product innovation,
such as ergonomic handles and heat resistant materials, is crucial
for nonstick cookware manufacturers. Brand reputation is key, with
concerns over microplastics and food safety arising. GreenPan leads
the market with PTFE-free coatings and plant-based materials,
promoting healthier cooking practices and reduced fat intake. Safer
nonstick coatings, like diamond-infused, and sustainability are top
priorities. The kitchenware industry serves both home cooks and
professional chefs, with ceramic cookware gaining popularity.
Overall, the market requires continuous innovation to meet consumer
demands and concerns.
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Segment Overview
This nonstick cookware market report extensively covers market
segmentation by
- Product
- 1.1 PTFE coating
- 1.2 Ceramic coating
- 1.3 Hard anodized aluminum coating
- Geography
- 2.1 North America
- 2.2 APAC
- 2.3 Europe
- 2.4 South America
- 2.5 Middle East and
Africa
1.1 PTFE coating- The Nonstick Cookware Market has
experienced steady growth due to its convenience and ease of use.
This market caters to consumers seeking efficient and effortless
cooking solutions. Nonstick cookware is preferred for its ability
to prevent food from sticking, making cleanup a breeze. Brands like
Teflon and Calphalon dominate the market with their high-quality
products and wide range of offerings. Consumers value the
durability and versatility of nonstick cookware, leading to its
continued popularity.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
Nonstick cookware has revolutionized the way we cook, making
food preparation easier and more efficient for both households and
commercial settings. Health-conscious consumers prefer nonstick
cookware as it reduces the need for excessive use of oil and fat
during cooking. Modern cooking techniques, such as air frying and
sous vide, have further increased the demand for nonstick cookware.
However, concerns over health risks associated with nonstick
cookware, including toxic fumes released at high heat and potential
environmental concerns, have led to the exploration of safer
alternatives. Ceramic and silicone coatings have emerged as popular
options, offering similar nonstick performance with fewer health
and environmental concerns. Nonstick cookware is widely used in
various settings, from domestic kitchens to restaurants, hotels,
and commercial kitchens. Durability and cooking performance are
crucial factors in the choice of nonstick cookware for commercial
settings, where heavy use is common. Nonstick pans and bakeware
come in various materials, including polytetrafluoroethylene
(PTFE), stainless steel, cast iron, and copper. Each material
offers unique benefits, such as durability, cooking performance,
and ease of use. Ultimately, the choice of nonstick cookware
depends on individual preferences, cooking practices, and specific
needs.
Market Research Overview
Nonstick cookware has become a popular choice for both
households and commercial settings due to its ability to reduce the
use of oil and fat during cooking. With an increasing number of
health-conscious consumers, the demand for nonstick cookware
continues to grow. Modern cooking techniques and the adoption of
nonstick cookware in restaurants, hotels, and commercial kitchens
have further expanded its market reach. However, concerns over
health risks associated with nonstick cookware, such as toxic fumes
released during overheating and potential environmental concerns,
have led to the exploration of safer alternatives. Ceramic and
silicone coatings, stainless steel, cast iron, and copper are some
of the materials used as alternatives to Polytetrafluoroethylene
(PTFE) in nonstick cookware. The dominant segment of the nonstick
cookware market includes nonstick pans, bakeware, frying pans,
sauté pans, cake pans, muffin tins, cookie sheets, and baking
trays. The market is served by various distribution channels,
including physical stores, specialty kitchenware shops,
departmental stores, and online distribution channels like
e-commerce platforms. The nonstick cookware industry is driven by
product innovation, brand reputation, and consumer preferences for
ergonomic handles, heat resistant materials, and multi-functional
cookware. However, concerns over microplastics and food safety have
led to the development of PTFE-free coatings, plant-based
materials, and healthier cooking practices, such as reduced fat
intake and safer nonstick coatings like diamond-infused coatings.
The sustainability of kitchenware is also a growing concern, with
an increasing focus on eco-friendly materials and manufacturing
processes. Overall, the nonstick cookware market is expected to
continue growing, driven by the increasing demand for healthier and
more sustainable cooking practices.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- PTFE Coating
- Ceramic Coating
- Hard Anodized Aluminum Coating
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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