Nonstick Cookware Market Size, Share and Trend Analysis Report by Raw Material (Teflon Coating, Ceramic Coating), by Distribution Channel (Supermarkets & Hypermarkets, Online), by Region and Segment forecast, 2021-2028
New York, September 20, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the “Nonstick Cookware Market Size, Share and Trend Analysis Report by Raw Material, by Distribution Channel, by region and segment forecast, 2021 – 2028 “- https://www.reportlinker.com/p06151353/?utm_source=GNW
Nonstick Cookware Market Growth and Trends
The global non-stick cookware market size is expected to reach $ 15.39 billion by 2028. It is expected to grow at a CAGR of 5.2% from 2021 to 2028. The non-stick cookware industry is rapidly evolving in due to technological improvements and changing customer preferences. Companies have long tried to keep abreast of new developments and advancements in this industry, such as electronic kitchen utensils and smart kitchen gadgets.
Another factor fueling demand for nonstick cookware products is the increase in the popularity of home cooking, particularly during the ongoing COVID-19 pandemic. Consumers not only try new recipes at home, but also improve their cooking skills.
The coronavirus outbreak has also led to an increase in home cooking, as consumers want to avoid exposure to outside foods. This, in turn, has boosted the overall demand for non-stick cookware products.
The intention to keep pace with home cooking is especially strong among young people, according to a survey of 2,200 American consumers. When asked about their post-pandemic intentions, 43% of Gen Z respondents said they expected to cook more at home once the epidemic is over. Cooking shows on TV and the Internet, and regional and international cooking publications have all contributed to the home cooking trend, boosting sales of cookware around the world.
Additionally, sales of kitchen utensils and bakeware in the third quarter of 2020 and the first nine months of 2020, according to BridgeTower Media, demonstrate the growing interest in home food preparation that has grown. produced during the pandemic. Total sales of cookware in the United States increased 36.2% in the third quarter compared to the same period last year, while sales from January to September were up 20.7% compared to the same period in 2019.
The non-stick cookware market is on the rise due to the growth of the hospitality industry. The growth of the restaurant and hospitality industry is mainly driven by the reorganization of their operations and the recovery from the impact of COVID-19, which previously resulted in restrictive containment measures, such as distancing social, remote working and shutting down commercial activities, all of which created operational challenges.
Highlights of the Non-Stick Cookware Market Report
• By raw material, Teflon-coated segment accounted for the largest volume share of 47.0% in 2020. Teflon-coated non-stick cookware is most popular among middle-income families due to its stiffness and their longevity.
• Based on the distribution channel, the supermarket and hypermarket segment accounted for the largest revenue share of 59.7% in 2020. The easy accessibility of non-stick cookware in a variety of price ranges and availability a variety of local and global brands fuel the growth segment
• Europe held the largest share of sales of 37.7% in 2020. The growing adoption of non-stick cookware in the region is supported by the growing number of new product launches by regional manufacturers and global
Read the full report: https://www.reportlinker.com/p06151353/?utm_source=GNW
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