site stats
Global Nonstick Cookware Market 2019-2023 | Increasing Online Sales of Nonstick Cookware to Boost Demand | Technavio |

Global Nonstick Cookware Market 2019-2023 | Increasing Online Sales of Nonstick Cookware to Boost Demand | Technavio

LONDON–(BUSINESS WIRE)–The global nonstick cookware market is expected to post a CAGR of close
to 5% during the period 2019-2023, according to the latest market
research report by Technavio.

A key factor driving the growth of the market is the increasing
awareness about healthy and convenient cooking practices. Globally,
nonstick cookware is increasingly adopted by consumers due to its
convenience and health benefits. The health benefit of nonstick cookware
is that food can be cooked with little or no oil. Convenience factors of
nonstick cookware include its ease of cleaning, scratch-resistant
properties, and sleek designs of the cookware. Moreover, PTFE coating
and ceramic coating enhance the scratch-resistant properties of nonstick
cookware. Hence, nonstick cookware is more durable than other utensils.
Manufacturers of nonstick cookware also offer innovative designs to make
products compact and attractive to consumers. These benefits of nonstick
cookware encourage people to prefer nonstick cookware to other types of
utensils.


This market research report on the global
nonstick cookware market 2019-2023
also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the increasing online sales of
nonstick cookware as one of the key emerging trends in the global
nonstick cookware market:

Global nonstick cookware market: Increasing
online sales of nonstick cookware

The availability and credibility of nonstick products in emerging
economies was a big challenge for the global nonstick cookware industry.
However, with the increasing penetration of the internet, the
availability of nonstick cookware across channels has increased and
customers are not facing any difficulty in accessing premium and global
brands from any part of the world. Moreover, the online distribution
channel aids consumers in making well-informed decisions. Since all
products and brand information are available online, it prevents
consumers from choosing faulty products. Vendors provide competitive
pricing through the online distribution channel. Hence, the online
distribution channel helps vendors compete with the unorganized sector
in terms of price. Therefore, the growth of the online distribution
channel in the global nonstick cookware will be a key trend in the
market.

“The rising popularity of ceramic-coated nonstick cookware, the
availability of eco-friendly nonstick cookware and the advent of smart
pans are some of the other major factors that are contributing largely
to the growth of the global nonstick cookware market,”
says a senior
analyst at Technavio.

Global nonstick cookware market: Segmentation
analysis

This market research report segments the global nonstick cookware market
by material (PTFE coating, ceramic coating, and hard anodized aluminum
coating) and geographical regions (APAC, EMEA, and the Americas).

The PTFE coating segment led the market in 2018 with a market share of
over 65%, followed by ceramic coating, and hard anodized aluminum
coating respectively. However, during the forecast period, the ceramic
coating segment is expected to register the highest incremental growth,
followed by the hard-anodized aluminum coating segment.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

Category: Cookware Pans  Tags: ,  Comments off
You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.