Kitchenware Market Size, Share, Growth, Trends and Forecast Report, 2019 to 2025

The global kitchenware market size was valued at USD 56.8 billion in 2018 and is expected to expand at a CAGR of 4.5% over the forecast period. Economic growth in emerging countries and rapid urbanization are the primary factors driving the market.

ID: 1553671
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(businesspress24) - The global kitchenware market size is expected to reach USD 77.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. Growing hospitality industry, urbanization, increasing number of households, and rising disposable income are some of the prominent factors for the market growth.

The cookware product segment dominated the market and accounted for more than 35.0% share of the overall revenue in 2018. Consumers prefer to cook different types of cuisines, especially in countries such as India and China. This is likely to drive the market for cookware to the positive side in the forecast period. Bakeryware is anticipated to register the fastest CAGR of 5.0% in the forecast period. Increasing popularity of baked foods and usage of breads and cakes are propelling the market demand for bakeryware in the timeframe.

The offline segment constituted majority of the market share due to being a traditional way of shopping and perception that the online retailers will fail to deliver the fragile item properly. Online channel is expected to register the fastest CAGR of 5.3% in the forecast period. Increasing usage and penetration of internet in the rural areas is influencing the segment growth. Young working consumer group with hectic schedules prefer to shop online due to easy accessibility and door step services with replacement and return guarantees. These are the prominent factors boosting the segment growth.

Europe dominated the kitchenware market and accounted for 34.0% share of the overall revenue. Presence of high and elite income groups and improved lifestyle are some of the factors driving the market in the region. APAC is anticipated to expand at the fastest CAGR of 5.0% in the forecast period. Rapid urbanization, economic growth, and changing lifestyle are propelling the market growth in the region.

Further key findings from the study suggest:




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kitchenware, kitchen-ware, homecare, kitchen-appliances,



Company information / Profile:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Sherry James
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Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com



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published by: HexaResearch
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Date: 11/06/2019 - 04:08
Language: English
News-ID 1553671
Character count: 2666
Kontakt-Informationen:
Firma: Grand View Research, Inc.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: San Francisco
Telefon: 1-888- 202-9519

Meldungsart: Financial
Versandart: send
Freigabedatum: 06.11.2019
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