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Non- stick cookware is experiencing an increasing development as people are progressively aware of how the product helps to reduce their excessive oil consumption and its ability to quicken the cooking process. Its easy cleanability, scratch-resistant, and uniform heat distribution are increasing its demand. The rising manufacturing of induction-friendly products with multiple attractive attributes is acting as an opportunity for the market growth. For instance, Nirlon comes up with induction friendly, innovative non-stick ceramic cookware set, which has heat and stain resistant and also posses an extra protective layer.
The food and beverage products experiencing an escalating consumption worldwide has a vital impact on the growing demand for non-stick cookware. The rising growth of food catering businesses in various countries around the world is likely to surge the market growth. For instance, according to the Department for Environment Food & Rural Affairs data released, November 2020, is proclaiming that in 2018 the non-residential catering business in the United Kingdom is evaluated to be worth USD 48.13 billion.
Nevertheless, lack of high-temperature resistance resulting to non-stick coating meltdown in most products acts as a hampering factor for the market growth.
Key Market Driver -
The rising food and beverage industry around the world is acting as a driving factor for the market growth.
Key Market Restraint -
Large number of products melted off its non-stick coating under high temperature is restraining its market growth.
Moneta Cookware, Farberware Licensing Company, LLC, Bradshaw International, Inc. Meyer Corporation, Berndes, and others are the key companies operating in the non-stick cookware market.
The non-stick cookware market is segmented into by material type, end-use, distribution channel, and geography.
On the basis of material type, the market is fragmented into teflon coated, anodized aluminum coated, ceramic coating, enameled iron coated, and others. Teflon coated is projected to be the dominant owing to its high cold, heat, and chemical resistant capability, and its excellent electrical conductive property makes it more desirable.
Based on end-use, the market is bifurcated into residential and commercial. Residential is estimated to be the larger market on account of large number of households increasingly preferring non-stick cookware over regular cookware due to owning numerous attractive features that help to simplify the cooking process.
By sales channel, the market is divided into supermarket/hypermarket and e-commerce stores. Supermarket/hypermarket is anticipated to be the leading segment due to the availability of multiple brands in one place, which helps to attract more consumers as they often wants to compare the quality and price of multiple products.
On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
North America is estimated to embrace a prominent share and is anticipated to continue throughout the forecast period of 2021-2028. The booming growth of the restaurant industry led to surge the demand of the products is acting as a driving factor for the market growth. For instance, according to the National Restaurant Association 2020 data issued, is declaring that there are more than 1 million restaurant locations that are employing 15.6 million employees in the United States. In addition, the escalating popularity of the region cooking reality shows such as Hell’s Kitchen, Master Chef, Iron Chef America, and others increasingly influence people to take up cooking is thus helping to generate traction.
Asia Pacific is assessed to exhibit a crucial presence in the non-stick cookware market, owing to the rising growth of urbanization led to surge in expenditure made on cookware products. For instance, according to the Trading Economics, in 2019 the urban population of Japan was assessed to be 91.7 percent. Additionally, the domestic brands such as Bajaj India, Cast-Iron Round Pan Japan, Ningbo Fangtai kitchenware Co., Ltd. China, and others progressively offering a decent quality of products at an affordable price range has a vital contribution.
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