Business

Non-Stick Cookware Market Share, Size, Trends, and Future Demand to 2032

The global non-stick cookware market size was valued at USD 7.62 billion in 2023. The market is projected to grow to USD 11.73 billion by 2030, depicting a CAGR of 6.4% during the forecast timeframe of 2023-2030.

Many non-stick cookware manufacturers are now offering a range of matte-finished and vibrant-colored products to meet the aesthetic preferences of homeowners. Additionally, the growing preference for non-stick cookware in households is driven by their ease of cleaning compared to traditional utensils. These trends are expected to drive the growth of the global non-stick cookware market in the coming years.

Top Leading Companies Covered in the Non-stick cookware Market:

  • 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.)

Information Source:  https://www.fortunebusinessinsights.com/non-stick-cookware-market-105006 

Segments

Extreme Corrosion Resistance Properties to Help Teflon Coated Segment to Bolster Market Growth

In terms of 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 market 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 bifurcated into residential and commercial. The residential segment is predicted to dominate the market due to rising construction of residential infrastructural facilities and evolving kitchen decoration trends.

Wide Availability of Kitchenware Items to 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 at one place.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The research report entails a detailed analysis of the market to understand and highlight critical aspects, such as material types, distribution channels, prominent companies, and end-uses of the product. In addition, the report offers actionable insights into the market trends and competitive landscape, highlighting noteworthy industry developments and the market forecast.

Drivers and Restraints:

Introduction of Innovatively Designed Non-stick Products to Accelerate Industry Expansion

The growing sales of innovatively designed cooking appliances are expected to drive market growth. Currently, maids and chefs are increasingly concerned about scratching non-stick pans when cooking at high temperatures. This has prompted manufacturers to develop innovative pots and pans designed to prevent scratching, thereby simplifying the cooking and cleaning process for customers.

However, the use of damaged or Teflon-coated non-stick cookware has been associated with various health issues, ranging from fever and headaches to more serious conditions such as kidney cancer. These concerns could potentially limit the adoption of these products to some extent.

Regional Insights:

Rising Production of Hard Anodized Aluminum Coated Cookware to Boost Asia Pacific Market Progress

The Asia Pacific non-stick cookware market reached a value of USD 2.36 billion in 2022. Countries such as India, China, and those in Southeast Asia are extensively using cookware and bakeware products. The establishment of large manufacturing plants to produce hard-anodized aluminum-coated cookware items in India, China, and Japan is expected to boost product demand across the region. For instance, in 2022, SHANGHAI GUANHUA STAINLESS STEEL PRODUCTS CO., LTD., a Chinese producer of stainless steel cookware, achieved an average monthly manufacturing capacity of 700,000 to 800,000 units.

Competitive Landscape:

Leading Companies to Adopt Innovation and Production Capacity Expansion Strategies to Increase Market Presence

Leading organizations, such as Groupe SEB and TTK Prestige Ltd., are producing and supplying non-stick cookware products with innovative technologies to enhance their brand image and customer satisfaction. These global brands are establishing new production facilities to expand their manufacturing base and strengthen their market position.

For example, in November 2021, Wonderchef Home Appliances Pvt. Ltd., an Indian kitchen appliances supplier, partnered with Sixth Sense Ventures to invest USD 20.15 million. This investment aims to bolster Wonderchef’s online presence, distribution network, and manufacturing base for its 600 non-stick cookware items and appliances in India.

Key Industry Development:

  • April 2022: Meyer Corporation, a U.S.-based kitchenware maker, introduced the Meyer Accent collection, including 16 hard-anodized aluminum non-stick and stainless steel-based utensils in the U.S. market.
  • April 2022: Groupe SEB expanded its Tefal brand’s presence in India by launching ‘Day by Day,’ an extensive range of cookware products in the country. The range includes non-stick frying pans, stewpot pans, kadai, tawa, and saucepans.

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