Global Kitchenware Market Projected to Grow at 3.3% CAGR Through 2031, Driven by Home Cooking and Smart Features – Reed Intelligence Report
Reed Intelligence today released its comprehensive market analysis for the Global Kitchenware Market, projecting steady growth between 2023 and 2031. According to the report, the market is expected to grow at a compound annual growth rate (CAGR) of approximately 3.3% over the forecast period.
Key Highlights
Base Year & Forecast: The report analyzes the market from a base year of 2023, projecting through 2031.
CAGR: Foretasted growth rate is ~3.3% CAGR from 2023 to 2031.
Largest Region: North America, characterized by a technologically advanced ecosystem and strong consumer demand.
Fastest Growing Region: Asia-Pacific (APAC), driven by emerging economies, a rising middle class, and increasing local players.
Largest Segmentation (by Type): Cookware is one of the major types listed in the report.
Fastest Growing Segmentation Opportunity: The report identifies opportunities in sustainable and eco-friendly materials, smart connectivity, and multi-functional appliances.
Market Dynamics
Drivers: The kitchenware market's growth is underpinned by a growing global interest in home cooking, where more people are preparing meals at home and seeking convenience. Consumers are demanding smarter kitchen tools with integrated features, while healthy eating trends and personalized kitchen experiences continue to fuel demand.
Restraints: Despite favorable trends, the market faces challenges such as economic uncertainties, supply chain disruptions, regulatory pressures, and intense competitive rivalry. These factors could slow down investment or innovation in certain segments.
Opportunities: The report highlights compelling opportunities in eco-friendly and sustainable materials, multi-functional and smart-connected kitchen appliances, and personalized cooking solutions tailored to dietary needs. By leveraging these trends, companies can tap into undeserved customer segments and expand their geographic reach.
Top Market Players
According to the Reed Intelligence report, some of the leading players in the global kitchenware market include:
Groupe SEB
Panasonic
Newell Brands
Arc International
Phillips
Libbey
Zwilling
De’ Longhi
Corelle Brands
BSH
Fissler
Bormioli Rocco
Whirlpool
Breville
Joseph Joseph
Le Creuset
Wüsthof Dreizack
John Boos
Boffi
Scavolini
Viners
TTK Prestige
Conair Corporation
Meyer Corporation
China ASD
Midea
Kai Corporation
Chasseur
Kenwood
Williams Sonoma
Market Segmentation & Regional Coverage
By Type:
Bakeware
Cookware
Cutlery
Utensils
Others
By Application:
Household
Commercial
By Region:
North America (e.g., U.S., Canada)
Europe (e.g., U.K., Germany, France, etc.)
Asia-Pacific (e.g., China, India, Japan, Southeast Asia)
LAMEA (Latin America, Middle East & Africa)
About Reed Intelligence
Reed Intelligence is a market research firm providing in-depth analysis, forecasts, and intelligence across a variety of consumer and industrial sectors. Their Global Kitchenware Market report offers actionable insights into trends, regional dynamics, and competitive positioning.