Kitchenware Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | > 3.83 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Kitchenware Market Analysis
The Kitchenware Market is expected to register a CAGR of greater than 3.83% during the forecast period(2024-2029).
Over the years, cooking preferences around the world have changed drastically. As individuals across the globe concentrate more than ever on maintaining their health, the demand for kitchenware is increasing.
Rising consumer purchasing power, demand for modular and cutting-edge kitchen equipment, and rising quality concerns in the hospitality sector are the main drivers of the kitchenware market. Other elements influencing the industry include smart appliances and cost-effective and environmentally friendly equipment. Growing health and hygiene concerns, increased penetration of restaurants and food joints' needs for smart and compact kitchenware, and an increase in the working population are all driving up demand for smart kitchen appliances. As a result, the kitchenware market is booming.
The COVID-19 pandemic had a substantial impact on the growth of the kitchenware market. Sales of kitchenware drastically fell as a result of the disrupted distribution system, which also had a negative influence on the export and import businesses.
Kitchenware Market Trends
Asia Pacific Dominates the Market
Revenue of the kitchenware segment in the Asia Pacific was existing at a value of more than USD 3.2 Billion last year and is expected to observe a continuous increase in growth over the coming period.
Asia Pacific is emerging as a major market for the demand for kitchenware owing to its rising food industry. Rising food consumption, increasing population, and expansion of well-known food retail shops in the region are resulting in an increasing demand for kitchenware from the commercial segment with increasing living standards, rapid urbanization, and rising disposable income are some of the factors boosting the market
Smart Kitchenware Product Driving the Market
The evolving trend of smart kitchens is causing a shift in consumer buying patterns, resulting in a noticeable impact on market growth and increasing spending on smart kitchenware products. The expansion of the residential sector within the industry is leading to market expansion. The launch of innovative and smart kitchenware products is resulting in a reduction of time spent on doing kitchen work. Smart Cookware products are launched in the market by the manufacturers with their app-enabled smart cookware designs and self-cooking features. The appliance is capable of being controlled remotely through the user鈥檚 smartphone leading to an increasing demand by consumers for these kitchenware appliances.
Kitchenware Industry Overview
The report covers major international players operating in the kitchenware market. In terms of market share, the players currently fragment the market. The kitchenware market is intensely competitive and characterized by the presence of numerous regional and global vendors. The rising number of new vendors will strengthen the competitive environment of the market. These vendors are increasingly competing against each other based on factors such as product quality, technology, product pricing, and product portfolio. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of their products and superior customer service.
Kitchenware Market Leaders
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Boffi
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Scavolini S.p.a
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Tupperware
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Viners
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Chasseur
*Disclaimer: Major Players sorted in no particular order
Kitchenware Market News
- June 2023: Great Jones, a rapidly rising leader in premium cooking products, has been acquired by global cookware powerhouse Meyer Corporation. The partnership aims to bring together Meyer's innovative and high-quality product and operational expertise with Great Jones's passion for equipping and empowering home cooks.
- September 2022: Caraway, the iconic home and lifestyle brand leader in non-toxic, design-forward kitchenware and home goods, announced that raised a USD 35 million investment led by McCarthy Capital. McCarthy Capital has a portfolio of investments worth more than USD 3 billion, and it focuses on growing businesses with strong management teams.
- June 2022: Private equity player Nalanda Capital-backed TTK Prestige announced the acquisition of a 51% equity stake in Ultrafresh, an end-to-end modular kitchen solutions provider.
Kitchenware Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Innovations in the Market
4.7 Insights into Regulatory Landscape Impacting the Market
4.8 Insights into Consumer Behavior and Recent Trends in the Market
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By End-Users
5.1.1 Household
5.1.2 Commercial
5.2 By Product
5.2.1 Cookware
5.2.2 Bakeware
5.2.3 Other Products
5.3 By Distribution Channel
5.3.1 Online
5.3.2 Offline
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 South America
5.4.2.1 Brazil
5.4.2.2 Mexico
5.4.2.3 Rest of South America
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 France
5.4.3.3 United Kingdom
5.4.3.4 Rest of Europe
5.4.4 Asia-Pacific
5.4.4.1 China
5.4.4.2 Japan
5.4.4.3 India
5.4.4.4 Rest of Asia-Pacific
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Boffi
6.2.2 Scavolini S.p.a
6.2.3 Tupperware
6.2.4 Viners
6.2.5 Chasseur
6.2.6 Kenwood Limited
6.2.7 TTK Prestige Ltd
6.2.8 KitchenAid
6.2.9 Miele
6.2.10 Whirlpool Corp.*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Kitchenware Industry Segmentation
Kitchenware refers to items that aid in the preparation and serving of food. As these items are essential for the preparation of food, they are very useful to have. A complete background analysis of the kitchenware market is covered in the report, which includes an assessment of the national accounts, the economy, emerging market trends by segments, significant changes in the market dynamics, and a market overview includes an assessment of the national accounts, the economy, emerging market trends by segments, significant changes in the market dynamics, and a market overview.
The Kitchenware Market Is Segmented By End-Users (Household And Commercial), By Product (Cookware, Bakeware, And Others), By Distribution Channel (Online And Offline), And By Geography (North America, South America, Europe, Asia-Pacific, And The Middle East And Africa). The Report Offers Market Sizes And Forecasts In Value (USD) For All The Above Segments.
| By End-Users | |
| Household | |
| Commercial |
| By Product | |
| Cookware | |
| Bakeware | |
| Other Products |
| By Distribution Channel | |
| Online | |
| Offline |
| By Geography | ||||||
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Kitchenware Market Research Faqs
What is the current Kitchenware Market size?
The Kitchenware Market is projected to register a CAGR of greater than 3.83% during the forecast period (2024-2029)
Who are the key players in Kitchenware Market?
Boffi, Scavolini S.p.a, Tupperware, Viners and Chasseur are the major companies operating in the Kitchenware Market.
Which is the fastest growing region in Kitchenware Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Kitchenware Market?
In 2024, the North America accounts for the largest market share in Kitchenware Market.
What years does this Kitchenware Market cover?
The report covers the Kitchenware Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Kitchenware Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
How is online shopping impacting the Kitchenware Market?
Online shopping is impacting the Kitchenware Market in several ways, including a) Direct-to-consumer (DTC) brands are gaining popularity, offering unique products and bypassing traditional retail channels b) Online marketplaces connect consumers with global brands and niche retailers c) E-commerce platforms offer wider product selection, convenience, and competitive pricing
Kitchenware Industry Report
The kitchenware market is experiencing significant growth, driven by various factors across different market segments, including the increasing global population and the rising demand for both electronic and non-electric kitchen appliances. Kitchen utensils manufacturers are diversifying their product offerings to cater to a wide range of needs from residential to commercial kitchens, with cookware emerging as a dominant product segment. This growth is fueled by consumer interest in home cooking and the popularity of culinary shows, highlighting the influence of kitchenware companies in shaping market trends. The residential kitchen segment takes the lead as the largest end-user, driven by the global trend of home cooking and baking. Innovations in materials and designs, along with the integration of advanced technology, present significant growth opportunities in the kitchenware market. Kitchenware companies are at the forefront of these innovations, constantly developing new products to meet evolving consumer needs. Kitchenware companies and kitchen utensils manufacturers are adapting to these changes, ensuring their products meet the demands of modern consumers. 糖心vlog传媒鈩� Industry Reports, which provide an in-depth analysis of the kitchenware market share, size, and revenue growth rate. These reports offer a comprehensive market forecast outlook and historical overview. For a deeper dive into this industry analysis, a free report PDF download is available.
