Published on : Jun 30, 2017
Albany, New York, June 30, 2017: According to a recent study, Cookware has experienced modest growth, and acquire a value of $5.1 billion in the year 2017, benefiting from continued rising consumer attention in cooking or baking at-home and a variety of innovative cookware features that simplify cooking and cleanup. Also, the sales of cookware have seen slow, but stable growth in the U.S. Considering this rapidly changing the environment of Cookware market, the latest study titled as “U.S. Cookware- June 2017” has been recently added to the wide portfolio of Market Research Hub (MRH). This research study offers readers with an annual year-end market size data, freshly updated in 2017. The study further provides future growth predictions during 2017 to 2022 for the market by considering the U.S. retail sales of cookware and its different categories.
Cooking is no longer considered to be a chore and is considered a skill. Consumers are moving into smaller spaces, often with less storage, and appliance manufacturers. Nowadays, people worldwide purchase cookware having high quality. Cookware is an essential commodity in any kitchen. The term "cookware" refers to any food containers used for preparing food in the kitchen. Cookware comes in a multitude of different colors, styles and decorative patterns. As per the report findings, demand for kitchen and cookware has also been bolstered by a strong uptake in cooking activities due to the popularity of TV cooking programs and the desire to cook and eat healthy food.
In the coming few years, the cookware market is expected to maintain constant growth, aided by the growing popularity of cooking subscription services and a newfound enjoyment of cooking. Among different categories, nonstick cookware accounts for nearly one-third of the category thus accounted for positive growth.
Some of the key pointers observed by the study include:
- Americans pursue health while obesity rates continue to rise
- Groceries becoming more affordable
- Presence of children, income impacts ownership, cooking habits
- At-home and out-of-home spending on food continues to rise
Another major factor for the demand and market growth is that Adults becoming slightly less involved with cooking and baking, while men becoming more engaged in the kitchen. Adults find health and creative benefits to the process, and also there is interest in furthering their skills in the kitchen and expanding their inventory pointing to market growth potential. Apart from that, growth in US demographics, including Millennials and Hispanics, who are engaged in the category, will also help sustain future gains.
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Moreover, the study also analyzes the market competitiveness by profiling the major key players along with their key strategies and recent developments. As per the study, brands get patriotic, commits to health and get smarter.
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