Nonstick Cookware Market Analysis Report By Raw Material, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global nonstick cookware market size was accounted for USD 8.9 billion in 2018. The market is expected to witness a CAGR of 4.9%, during the forecasted years, 2019 to 2025.  This growth can be attributed to several product features like easy cleaning, scratch-resistant, and uniform heat transfer. These products are widely gaining popularity, owing to their ability to evenly distribute heat which improves the taste of food.

The increasing population across Asian countries like China and India has directly led to a rise in the number of households. Moreover, the rising number of the working population in these regions has paved the way for increasing healthy eating habits among consumers. Thus, the shifting trend for household cooking is gaining importance across the globe, thereby increasing the demand for modern household cooking appliances. Therefore, the market for nonstick cookware is expected to gain significant growth in the upcoming years.

The number of households across developed regions like Europe and North America is also increasing due to immigration and the emerging concept of nuclear families. For instance, U.S. held a total number of 127.5 million households during the year, 2018. Such factors are anticipated to drive the market growth for nonstick cookware during the forecasted years, 2019 to 2025.

Moreover, the increasing hotel industry across the globe due to the rise in the number of foreign travelers has also paved the way for non-stick cookware products at hotels and restaurants. Moreover, the rising number of food restaurants that provide quick service across countries like the U.K. and Germany is expected to fuel the market demand for non-stick cookware products from 2019 to 2025.

Raw Material Insights

In 2018, the Teflon-coated segment generated USD 3.8 billion and held the largest market share across the global market. This growth can be attributed to features like lower prices and ease of availability across company outlets and appliance stores. In addition, external features like the convenience of using and ease of cleaning are expected to drive market growth in the upcoming years.

The product segment of ceramic coated cookware appliances is anticipated to register a CAGR of 6.8% during the forecasted years, 2019 to 2025. This growth can be attributed to the absence of toxic metals like lead, cadmium, nickel, copper, iron, and aluminum in these products thereby making these products safe for cooking purposes. These products can withstand 2,700 degrees Fahrenheit temperature. Thus, the majority of new entrants have started manufacturing products with ceramic. For example, ‘Great Jones’, a U.S. startup launched ceramic non-stick cookware.

Distribution Channel Insights

In 2018, the segment of hypermarkets & supermarkets held the largest share with a revenue of USD 5.4 billion. This growth can be attributed to the availability of a wide variety of products for comparison. In addition, the need for physical verification of the product before making the buying decision is anticipated to drive market growth. Moreover, a variety of offers provided by manufacturers coupled with membership plans is expected to drive market growth. 

The online segment of the distribution channel is expected to register the fastest growth at a CAGR of 7.0% during the forecast period, 2019 to 2025. This growth can be attributed to the rising usage of the internet and mobiles among the millennial population across the globe coupled with increasing usage of e-commerce portals for shopping. Furthermore, other features like doorstep delivery, availability of a wide variety of products on a single platform coupled with hassle-free return policy are anticipated to drive the market growth even in remote locations. Moreover, external features like customer review and easy product selection have paved the way for market growth through online mode.

Regional Insights

In 2018, Europe held the largest share of 35.0% across the global nonstick cookware market. This can be attributed to the rising emphasis on aesthetics and functionality of cookware being prevalent among consumers across developed countries like the U.K. and Germany. Moreover, rising awareness about home-cooked food items is increasing across the globe, thereby driving the market growth for the convenient cookware market in the upcoming years. For example, 83% of the overall population in the U.K. prefer home-cooked food.

Asia Pacific is anticipated to witness the highest growth rate with a CAGR of 6.0% during the forecasted years, 2019 to 2025. This growth can be attributed to rising disposable income among the working population across countries like China and India. External factors such as rapid urbanization and increasing opportunities for employment across urban areas are expected to drive the market growth across this region.

In addition, increasing per-capita income among the middle-class population is forcing manufacturers to launch a variety of products as per consumer demand. For example, TTK Prestige launched its products with the brand name ‘Judge’ to cater to the growing Indian market. This has helped in creating product awareness for products like mixer grinders, SS glass stoves, and non-stick cookware.

Nonstick Cookware Market Share Insights

The market for nonstick cookware includes key players such as Newell Brands, Scanpan, TTK Prestige Limited, Groupe SEB, All-Clad, Hawkins Cookers, Tefal, Cuisinart, Calphalon, and Cook N Home. These manufacturers are continuously engaged in implementing several marketing strategies, acquisitions, and mergers to gain a competitive advantage over others.  For example, Stovekraft and Black & Decker Corporation partnered in 2017 to boost the sales of recently launched products like SS pressure cookers, and glass cooktops that are fastener-free.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global nonstick cookware market report based on raw material, distribution channel, and region:

• Raw Material Outlook (Revenue, USD Million, 2015 - 2025)
    • Teflon Coated
    • Aluminum Coated
    • Enameled Iron Coated
    • Ceramic Coating
    • Others

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Supermarkets & Hypermarkets
    • Convenience Stores
    • Specialty Stores
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East and Africa
        • South Africa