August 24, 2022 05:18 ET | Source: Research and Markets Research and Markets

Dublin, Aug. 24, 2022 (GLOBE NEWSWIRE) -- The "Global Cookware Market 2021-2027" report has been added to ResearchAndMarkets.com's offering.

The global cookware market is projected to have a considerable CAGR of around 6.5% during the forecast period The growing number of commercial kitchens, dining options, and restaurants is driving the market growth.

Further, the rapid construction industry, particularly in the hospitality sector, is driving the demand for cookware. Customer retention in the hospitality industry extends beyond food and is determined by how well the patrons' overall experience was. Simply serving food is insufficient, and restaurant and hotel owners must take advantage of cutting-edge cookware technologies.

Therefore, this factor majorly contributes to the demand of the cookware market in the hospitality sector. Moreover, the consumers are also preferring more electric cookware due to rising urban populations with an ever-rising middle class in emerging economies such as China and India. These factors have encouraged manufacturers to produce a wide range of electric cookware propelling the overall market of cookware.

COVID-19 had a positive impact on the cookware market as due to restricted lockdowns have influenced them to improve their cooking skills as well as try new recipes at home. Therefore, this has increased the product demand due to the growing popularity of home cooking, particularly during the ongoing COVID-19 pandemic.

The global Cookware market is segmented based on material, applications, and product. Based on the material, the market is further classified into stainless steel, aluminium, and others (glass). Further, based on the application the market is classified into residential, and commercial. Based on product, the market is segregated into pots & pans, soup ladle, spoon, and whisk.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is projected to be the fastest-growing market for cookware. One of the major drivers of growth is expected to be the growing popularity of professional cooking at home with specialized cookware products, the growing popularity of casual dining, and the growing preference for fine dining.

The key players of the market include Target Brands, Inc., TTK Prestige LTD, Hawkins Cookers Limited Newell Brands, Inc., and, Robert Bosch GmbH among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.

In May 2021, Meyer Corporation introduces the new AnolonX cookware collection, which features a technology platform that maximizes flavor in every dish. Meyer U.S. pioneered hard-anodized non-stick cookware with the introduction of Anolon in 1986, and the new collection represents the company's latest engineering breakthrough. AnolonX assists the cook in resolving a common issue with non-stick pans with its SearTechTM surface, a specially designed base with a stainless-steel mesh engineered to keep oil in the center of the pan.

Key Topics Covered: 1. Report Summary 2. Market Overview and Insights 2.1. Scope of the Report 2.2. Analyst Insight & Current Market Trends 2.2.1. Key Findings 2.2.2. Porter's Analysis 2.2.3. Recommendations 2.2.4. Conclusion 2.3. Regulations 3. Competitive Landscape 3.1. Key Strategy Analysis 3.2. Key Company Analysis 3.2.1. Target Brands, Inc. 3.2.1.1. Overview 3.2.1.2. Financial Analysis 3.2.1.3. SWOT Analysis 3.2.1.4. Recent Developments 3.2.2. TTK Prestige LTD 3.2.2.1. Overview 3.2.2.2. Financial Analysis 3.2.2.3. SWOT Analysis 3.2.2.4. Recent Developments 3.2.3. Hawkins Cookers Limited 3.2.3.1. Overview 3.2.3.2. Financial Analysis 3.2.3.3. SWOT Analysis 3.2.3.4. Recent Developments 3.2.4. Newell Brands, Inc. 3.2.4.1. Overview 3.2.4.2. Financial Analysis 3.2.4.3. SWOT Analysis 3.2.4.4. Recent Developments 3.2.5. Robert Bosch GmbH 3.2.5.1. Overview 3.2.5.2. Financial Analysis 3.2.5.3. SWOT Analysis 3.2.5.4. Recent Developments 3.3. Impact of COVID-19 on key players 4. Market Determinants 4.1. Motivators 4.2. Restraints 4.3. Opportunities 5. Market Segmentation 5.1. Global Cookware Market by Material 5.1.1. Stainless Steel 5.1.2. Aluminum 5.1.3. Others (Glass) 5.2. Global Cookware Market by Application 5.2.1. Residential 5.2.2. Commercial 5.3. Global Cookware Market by Product 5.3.1. Pots & Pans 5.3.2. Soup Ladle 5.3.3. Spoon 5.3.4. Whisk 6. Regional Analysis 6.1. North America 6.1.1. US 6.1.2. Canada 6.2. Europe 6.2.1. UK 6.2.2. Germany 6.2.3. Italy 6.2.4. Spain 6.2.5. France 6.2.6. Rest of Europe 6.3. Asia-Pacific 6.3.1. China 6.3.2. India 6.3.3. Japan 6.3.4. South Korea 6.3.5. Rest of Asia-Pacific 6.4. Rest of the World 7. Company Profiles 7.1. Abbio 7.2. All-Clad Metalcrafters, LLC 7.3. Calphalon Inc. 7.4. Cuisinart Inc. 7.5. Fissler GmbH 7.6. Groupe SEB 7.7. John Wright Co. 7.8. Meyer Corp. 7.9. NingHai LeiNiao Kitchenware Co., Ltd. 7.10. Tramontina Inc. 7.11. Vinod Intelligent Cookware 7.12. Werhahn KG 7.13. WMF Group GmbH 7.14. Zhejiang Hanxin Cookware Co. Ltd. 7.15. Zwilling J. A. Henckels AG For more information about this report visit https://www.researchandmarkets.com/r/yazq9q