U.S. Cookware Market Size, Share & Trends Analysis Report By Type (Standard /Non-Coated, Non-Stick/ Coated), By Product, By Material (Stainless Steel, Carbon Steel), By Application, By Distribution Channel, And Segment Forecasts, 2024 - 2030

U.S. Cookware Market Size & Trends

The U.S. cookware market size was estimated at USD 4.02 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2030. The growing preference for modular kitchens coupled with a high standard of living in the U.S. is driving the demand for cookware products in the commercial as well as residential sectors. Furthermore, the rise the instance of people who enjoy cooking at home is driving the market demand for cookware. The living standards of consumers have evolved and improved over time owing to a rise in disposable incomes and the migration of millennials to cosmopolitan cities.

The U.S. cookware market is expected to witness lucrative growth opportunities owing to a rising trend of food-away-from-home and the increasing number of restaurants and cafes presenting the need for cookware in commercial kitchens for the speedy service and processing of food to customers. Customer desire for high-quality food & service, convenience, socialization, and are mainly driving the growth of the restaurant industry. This, in turn, is influencing restaurant owners to invest in modern and quality cookware products. For instance, according to the National Restaurant Association, there were over 1 million restaurant locations in the U.S. in 2020. Furthermore, the rapid growth of quick service restaurants (QSR) is leading to the convenience of meal options at fast delivery times, which is also generating a high demand for cookware such as instant pots.

Increased spending on home remodeling or home improvement projects is expected to boost the market growth. Since 2019, home values have doubled the homeowners’ equity which indicates a surge in the spending capacity toward home improvement. According to theHouzz & Home Study, the online home remodeling platform, project leads for home professionals reported a 58% surge as of June 2020, as compared to the same period in 2019. These developments are expected to boost the cookware market growth over the forecast period.

Rapid development in the commercial sector, largely in developing economies such as China, and India is paving the way for food joints, restaurants, and eateries indicating growing growth prospects for cookware products. The growing number of meals consumed away from home due to growing working population globally is projected to propel market growth. For instance, according to the World Cooking Index Report in 2022, published by Cookpad Inc., the average number of meals consumed by at home has declined each week from 9.9 meals in 2020 to 9.8 in 2021.

Rise in disposable income coupled with high demand for improved standard of living leading to the acquisition of practical and versatile household products like cookware. Furthermore, rise in kitchen remodeling projects and growing number of homeowner expenditure is expected to boost the demand for kitchenware and cookware products.2The global expansion in the hospitality sector such as resorts, hotels, and spas, are boosting the demand for cookware. Growing demand for eco-friendly cookware that is lacking of polymers, adhesives, coatings, or colors is higher than ever. Customers are also looking for attractive and environmental friendly products, which is likely to positively influence the market.

U.S. Cookware Market Report Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. cookware market report based on product, material, application, and distribution channel:

• Type Outlook (Revenue, USD Million, 2018 - 2030)
• Standard /Non-Coated
• Non-Stick/ Coated
• Teflon (PTFE) Coated
• Ceramic Coated
• Enamel Coated
• Others
• Product Outlook (Revenue, USD Million, 2018 - 2030)
• Pots & Pans
• Pressure Cooker
• Cooking Racks
• Cooking Tools
• Bakeware
• Microware Cookware
• Material Outlook (Revenue, USD Million, 2018 - 2030)
• Stainless Steel
• Carbon Steel
• Cast Iron
• Aluminum
• Glass
• Stoneware
• Others
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Residential
• Commercial
• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
• Supermarket/ Hypermarket
• Specialty Stores
• Online
• Others

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