Global Nonstick Cookware Market by Raw Material (Ceramic Coating, Teflon Coated) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global nonstick cookware demand reached 206.1 million units in 2020. This market is expected to grow at a compound annual rate (CAGR of 4.0%) between 2021 and 2028. Customers' preference for modular kitchens is driving up nonstick cookware demand due to increased home renovations and remodeling. Houzz's 10th annual Houzz & House Survey found that home renovations rose by 15% over the previous year. Technology, kitchens and outdoor areas received the most attention. A major factor driving nonstick cookware demand is the rise in home cooking, especially during the COVID-19 epidemic. Consumers are trying new recipes at home and also improving their culinary skills.

Mintel reports that self-cooked meals are one major driver of the nonstick cookware market. 37% of respondents believe that eating immunity-boosting foods is more important since the pandemic. There is rising demand for nonstick cookware products due to the rapid growth in commercial construction in emerging economies like India and China. Market growth will continue to be driven by the increasing number of meals taken away from home, especially in the commercial segment.

In order to serve quality food, the growing popularity of house parties in western nations is leading to increased use of nonstick cookware in the home. The rising consumer preference to eat outside as a social gathering place or to try different cuisines is opening up new restaurants and food trucks. Nonstick cookware is in high demand in these commercial spaces. They can serve more people in a shorter amount of time and without sacrificing quality or presentation.

High competition and changing consumer demands will likely encourage the development of innovative products. This can lead to high R&D expenses for manufacturers. Nonstick cookware is used in commercial and domestic applications. These products can be found in commercial settings such as restaurants, hotels and resorts, food stations and other public eateries.

Raw Material Insights

In 2020, the largest share of volume was held by the teflon-coated segment at 47.0% This cookware has been a favorite among middle-income families due to its durability and stiffness. Teflon-lined cookware allows for easy cooking thanks to its frictionless surface.

Following the pandemic, millennials will be the main buyers of cookware products. Industry participants have been focusing on the millennial market and providing a one-stop shop for home cooking to them. In September 2019, Equal Parts, a brand that makes kitchenware, launched a line of nonstick, non-toxic cookware.

Continuous research and development is essential to ensure that players can thrive in this competitive market. Market growth is influenced by product releases and innovation. The market growth is limited by the high price of nonstick cookware and the availability low-cost, durable alternatives such as aluminum and stainless Steel.

Distribution Channel Insights

In 2020, the largest revenue share was 59.7% for supermarkets and hypermarkets. People are more likely than others to shop at hypermarkets or supermarkets. Products on the shelves may be easily compared to other brands before they make a purchase decision. There are many options for nonstick cookware at hypermarkets and supermarkets.

There is a greater demand for nonstick cookware via e-commerce websites due to the easy availability of cookware in many channels and increasing penetration of the internet. Online channels for distribution have seen an increase in sales because they enable buyers to access premium brands and well-informed information about products.

Regional Insights

Europe held a 37.7% revenue share in 2020. Europe's unique concept of innovation and individuality through the use diverse colors and personal collections is what draws consumers. The most sought-after category on the European market is aluminum nonstick cookware. There are many aluminum cookware producers in the region. The types of products available vary from pressed aluminum and forging to die cast, depending on the manufacturing process and price position.

Many consumers prefer riveted or welded fixings for handles. Due to their affordability and availability in supermarkets, bazaars, distribution centers, and other outlets, many consumers prefer pressed aluminum cookware with riveted handle. These products are simple in appearance and come in bi- or tri-packs.

Market Share Insights & Key Companies

Inorganic strategies have been a focus of companies to expand into regional markets and maximize the potential for growth. Companies can grow their market share by implementing mergers and acquisitions. Showa Denko K.K. (SDK) bought all shares of ILAG Group, a Swiss specialty nonstick coating chemical manufacturer based in Zurich. Non-stick coatings from ILAG are used in industrial and consumer goods.

Key companies are constantly focusing on new products and product development to maintain their market position. Fissler, for example, added three products to its existing cenit-pan series in February 2020. This includes the cenit and cenit Induction pans, as well as the cenit serving pans. The following are some of the most prominent players in nonstick cookware markets:

• Groupe SEB (Tefal. All-Clad Group. WMF).

• Tefal

• All-Clad Group

• WMF

• Newell Brand Inc.

• Cuisinart

• Meyer Corporation

• TTK Prestige Limited

• Scanpan USA, Inc.

• Hawkins Cookers

• The Cookware Company

Up Market Research published a new report titled “Nonstick Cookware Market research report which is segmented by Raw Material (Ceramic Coating, Teflon Coated), By Players/Companies Meyer Corporation, Scanpan USA Inc, Newell Brand Inc (Calphalon), Hawkins Cookers, WMF, Groupe SEB (Tefal All-Clad Group WMF), The Cookware Company, TTK Prestige Limited, All-Clad Group, Cuisinart, Tefal”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Nonstick Cookware Market Report Segments:

The market is segmented by Raw Material (Ceramic Coating, Teflon Coated).

Nonstick Cookware Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Nonstick Cookware Market

Overview of the regional outlook of the Nonstick Cookware Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Nonstick Cookware Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Nonstick Cookware Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Ceramic Coating

                2. Teflon Coated

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Nonstick Cookware Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Nonstick Cookware Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.