Cookware Market Foreseen To Increase Exponentially By 2030

Cookware Market Summary

The global cookware market size was valued USD 30.59 billion in 2023 and is projected to reach USD 49.85 billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030. The rising preference for modular kitchens, coupled with the improving standard of living, is driving the demand for cookware products in the commercial as well as residential sectors. Consumers are increasingly seeking stylish, space-efficient, and technologically advanced cookware that complements modern kitchen layouts and supports healthier cooking habits.

In addition, the growing trend of food-away-from-home has raised awareness regarding different cooking techniques and utensils, thereby driving the adoption of various cookware products. Exposure to diverse cuisines through dining experiences, travel, and food-related media has encouraged consumers to purchase specialty cookware such as grill pans, woks, and induction-ready pots. Increased spending on home improvement projects or home remodeling is also boosting product demand. The growing home values have doubled the homeowners’ equity in the last five years since 2019, indicating a surge in the spending capacity toward home improvement.

Key Market Trends & Insights

• North America cookware market is expected to witness a CAGR of 5.2% from 2024 to 2030, driven by the popularity of premium kitchen products, rising interest in home cooking, and strong retail presence of leading brands.
• Asia Pacific cookware market accounted for the largest revenue share of 40.53% in 2023, supported by large population density, increasing disposable income, rapid urbanization, and the strong presence of regional cookware manufacturers.
• By application, the residential segment dominated the global market with a share of over 68% in 2023, mainly due to growing household renovation activities, expanding nuclear families, and rising consumer focus on aesthetic kitchenware.
• By type, non-stick/ coated segment accounted for the largest share of 61.80% in 2023, owing to convenience, easy cleaning properties, and wide availability at affordable price points.
• By distribution channel, the supermarket/ hypermarket segment dominated the global market with a share of nearly 40% in 2023, benefiting from easy product accessibility, varied selections, and increasing store expansions across urban regions.

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Market Size & Forecast

• 2023 Market Size: USD 30.59 Billion
• 2030 Projected Market Size: USD 49.85 Billion
• CAGR (2024-2030): 7.3%
• Asia Pacific: Largest market in 2023
• North America: Fastest growing market

Key Companies & Market Share Insights

The industry is characterized by the presence of global companies and emerging players. The major players of the industry emphasize product innovation & differentiation and unique designs aligned with the changing consumer trends. These players have extensive distribution networks worldwide, which enable them to reach a wide customer base and expand into emerging markets. The emerging companies, on the other hand, are focused on niche markets, specialized product portfolios, and fresh designs to improve their visibility in the market.

Fissler GmbH, is a family-owned manufacturer of cookware. The company’s products include pots, pans, pressure cookers, roasters, woks, and kitchen accessories and parts. Headquartered in Rhineland-Palatinate, the company manufactures its products locally and distributes them through a network of over 62 subsidiaries and employs over 800 people. The company has a presence in over 80 countries.

Key Players

• Groupe SEB
• Werhahn Group
• Target
• Meyer Corporation
• Fissler
• Tramontina
• Newell Brands Inc.
• SCANPAN
• TTK Prestige Ltd.
• The Vollrath Co., L.L.C.
• Hawkins Cookers Limited

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Conclusion

The cookware market is expected to see steady growth as consumer lifestyles evolve and interest in home cooking and kitchen upgrades continues to rise. Increasing preference for modern kitchen infrastructure, exposure to global cuisines, and higher spending on premium cookware designs will further support market expansion. Eco-friendly and durable materials such as stainless steel, cast iron, and ceramic-coated cookware are gaining popularity due to their long-term performance and health benefits. Additionally, digital commerce and brand-driven marketing innovations are enabling wider reach and product visibility. Overall, the market will continue to transform, offering advanced and stylish cookware solutions for diverse cooking needs worldwide.