A Comprehensive Analysis of the Kitchenware Industry
In 2021, the kitchenware market was valued at USD 62.01 billion , and it is expected to grow to USD 84.3 billion by 2030 , expanding at a CAGR of 4.4% . This growth can be attributed to the increasing demand for smart kitchen equipment, rising health and hygiene concerns, and the desire for compact and efficient kitchen appliances. The kitchenware market is primarily driven by urbanization and economic growth in developing countries, with a growing number of households, changing lifestyles, and increased disposable income contributing to the demand. Source- Ken Research Kitchenware Industry: Market Segmentation The kitchenware market segmentation based on product, distribution channel, and region. Product Segmentation Cookware: This segment is expected to grow at the fastest rate due to the high durability and performance offered by stainless-steel tools and their strong cooking ability. Bakeryware: This segment is also witnessing significant growth due to the increasing popu...