The global non-stick cookware market size was valued at USD 7.62 billion in 2023 and is projected to grow to USD 11.73 billion by 2030, exhibiting a CAGR of 6.4% during the forecast period.
Fortune Business Insights™ presents this information in a report titled, "Global Non-stick Cookware Market, 2023-2030."
Information Source:
https://www.fortunebusinessinsights.com/non-stick-cookware-market-105006
Report Coverage:
The report analyzes the market in detail and highlights crucial aspects such as prominent companies, material types, distribution channels, and end-uses of the product. The report also offers actionable insights into the major trends and competitive landscape of the industry, highlighting important market developments and the global market outlook. Additionally, the report covers many factors enhancing the industry's growth in the coming years.
Top Key Company
- Groupe SEB (France)
- TTK Prestige Ltd. (India)
- Moneta Cookware (Italy)
- Newell Brands (U.S.)
- Bradshaw International, Inc. (U.S.)
- Meyer International Holdings, Ltd. (U.S.)
- StoveKraft (India)
- Conair Corporation (U.S.)
- The Cookware Company (U.S.)
- Bundy Baking Solutions (U.S.)
Drivers and Restraints:
Growing Awareness Regarding Benefits of Using Non-stick Utensils to Boost Market Trends
Segments
Extreme Corrosion Resistance Properties to Help Teflon Coated Segment Dominate the Market
Based on material type, the market is segmented into Teflon coated, anodized aluminum coated, ceramic coated, enameled iron coated, and others. The Teflon/PTFE material segment is anticipated to hold a major share due to its beneficial properties such as robustness, durability, and satisfactory usability.
Significant Non-stick Kitchenware Demand from Households May Foster Residential Segment Growth
In terms of end-use, the market is divided into residential and commercial. The residential segment is predicted to dominate the market due to the rising construction of residential infrastructural facilities and evolving kitchen decoration trends.
Wide Availability of Kitchenware Items May Fuel Supermarkets & Hypermarkets Segment Expansion
Based on distribution channel, the market is segmented into specialty stores, supermarkets & hypermarkets, online stores, and others. The supermarkets & hypermarkets segment might capture a sizeable industry share as these stores offer better accessibility to a variety of kitchenware items in one place.
Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Regional Insights:
Rising Production of Hard Anodized Aluminum Coated Cookware to Boost Asia Pacific Market Progress
The Asia Pacific global non-stick cookware market share reached USD 2.36 billion in valuation in 2022. Countries, such as India, China, and South East Asia, are extensively using cookware & bakeware products. The establishment of expansive manufacturing plants to produce hard anodized aluminum-coated cookery items in India, China, and Japan is anticipated to support the product demand across the region. For example, in 2022, the average monthly manufacturing capacity of SHANGHAI GUANHUA STAINLESS STEEL PRODUCTS CO., LTD., a Chinese producer of stainless steel cookery products, reached 700,000 to 800,000.
Competitive Landscape:
Innovation and Production Capacity Expansion Strategies Adopted by Key Players to Fuel Market Growth
Leading companies like Groupe SEB and TTK Prestige Ltd. are introducing non-stick cookware products with cutting-edge technologies to enhance their brand visibility. Additionally, these renowned global brands are expanding their manufacturing capabilities by acquiring new facilities to bolster production and solidify their positions in the worldwide market.
For instance, in November 2021, Wonderchef Home Appliances Pvt. Ltd., an Indian supplier of kitchen appliances, collaborated with Sixth Sense Ventures, investing USD 20.15 million to strengthen its online presence, distribution network, and manufacturing capacity for its 600 non-stick cookware items and appliances in India.
Key Industry Development:
- November 2022: TTK Prestige Ltd., an Indian kitchenware manufacturer, launched a range of hard anodized non-stick cookery items equipped with a six-layer coating ‘DURASTONE’ in India. The range includes frying pans, tawas, casseroles, kadais, and tea pans.
