The North American cookware market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period (2021-2027). The factors driving the growth of the market include the continued growth of the restaurant industry in countries such as the US and Canada due to an increase in the number of Millennials and working professionals combined with increased demand for customization and innovation in food menus. For instance, according to National Restaurant Association, US restaurant industry sales in 2020 were $659 billion. Furthermore, according to Canadian Restaurant & Foodservice News, the Canadian foodservice industry sales are expected to increase by 14 to 17% in 2021, a significant increase from the estimated 25-28% decline in sales in 2020.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in May 2020 Calphalon Inc., launched Performance Cool Touch Countertop Oven that is designed to improve countertop cooking for the home chef. The appliance is developed with an innovative exterior that stays up to 75% cooler while cooking, along with giving one peace of mind in the kitchen. With almost 12 different precision cooking functions, the Performance Cool Touch Countertop Oven delivers perfection in every serving right from baking, roasting to broiling.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Material
- By Application
- By Product
- Competitive Landscape- Target Brands, Inc., TTK Prestige LTD, Hawkins Cookers Limited Newell Brands, Inc., and Robert Bosch GmbH.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North-America Cookware Market Report Segment
By Material
- Stainless Steel
- Aluminium
- Others (Glass)
By Application
- Residential
- Commercial
By Product
- Pots & Pans
- Soup Ladle
- Spoon
- Whisk
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
