Press release
Kitchenware Market Size, Share , Latest Trends, Key Players And Forecast To 2033
Kitchenware Market
The kitchenware market size is expected to see steady growth in the next few years. It will grow to $84.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to e-commerce growth, sustainability and eco-friendly products, smart kitchen appliances, global culinary diversity. Major trends in the forecast period include modular and customizable kitchenware, sous vide and precision cooking, vintage and retro designs, zero-waste kitchen.
Market Overview -
Kitchenware refers to a broad category of tools and equipment used in cooking, food preparation and serving within a kitchen setting. These items are essential for tasks ranging from chopping and cooking to baking and serving that enhance cooking and food-related activities.
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Expansion Of Food Retail And Hospitality Industry Drives Growth In The Kitchenware Market
The increasing number of food retail chains, restaurants and hotels is expected to propel the growth of the kitchenware market going forward. Food retail chains refer to networks of interconnected stores offering diverse food products. At the same time, restaurants and hotels provide prepared meals, beverages and accommodations with varying on-site dining options for consumers. The expansion of food preparation leads to increased demand for kitchenware as more dining facilities require equipment, utensils and appliances, thereby triggering a ripple effect in the kitchenware industry's growth. For instance, in August 2023, according to the US Bureau of Labor Statistics, a US-based federal fact-finding agency, the number of establishments in food services and drinking places in private industry for the 4th quarter of 2022 was 694,267, an increase of 4.28% compared to 665,736 during the same period in 2021. Therefore, an increasing number of food retail chains, restaurants and hotels will drive the kitchenware market.
Competitive Landscape -
Major players in the kitchenware market are Whirlpool Corporation, Newell Brands Inc., Groupe SEB, Wilton Industries Inc., Conair Corporation, Meyer Corporation, Tupperware Brands Corporation, Rubbermaid Commercial Products, Hamilton Beach Brands Holding Company, Anchor Hocking Company, Fissler GmbH, TTK Prestige Ltd., ITW Food Equipment Group LLC, ZWILLING J.A. Henckels AG, Scavolini S.p.a, Calphalon Corporation, OXO International Ltd., Gibson Overseas Inc., Wusthof Dreizack, Lodge Manufacturing Company, Viners (Rayware Limited), Tramontina USA Inc., Clipper Corporation, The Cookware Company, Pyrex Cookware, All-Clad Metalcrafters LLC, Anolon, Mauviel USA Inc., Kenwood Limited, Le Creuset.
Revolutionizing Kitchenware With Smart Appliance Technologies
Major companies operating in the kitchenware market are adopting smart appliance technologies to enhance user convenience, streamline cooking processes and provide personalized culinary experiences. Smart kitchen appliances are technologically advanced cooking and food preparation devices equipped with features like sensors, connectivity and automation to streamline and enhance kitchen tasks. For instance, in January 2023, VersaWare Technologies Inc., a US-based manufacturer of smart kitchen appliances, launched the next generation of smart kitchen appliances with a nutrition AI approach to the health and wellness space with a user-friendly appliance line composed of two connected smart kitchen appliances, including a mixing bowl and a cutting board. It also launched the VersaWare mobile app, which helps users cook meals that satisfy their preferred nutritional goals. Leveraging OpenAPI, their nutrition system incorporates an extensive product database, enabling users to scan various brands. Using VersaWare, users can scan barcodes for packaged items and input details for fresh ingredients, which are then used for calculations within the digital appliances. The AI component enables the real-time creation of diverse meals based on nutritional profiles, presenting comprehensive meal nutrition information.
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Key Segments -
The kitchenware market covered in this report is segmented -
1) By Product: Cookware; Bakeware; Other Products
2) By Distribution Channel: Online; Offline
3) By End-User: Residential Kitchen; Commercial Kitchens
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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