Non-stick Cookware Market to Grow at a CAGR of 5% during Forecast Period, Transparency Market Research, Inc. – Yahoo Finance
Transparency Market Research
Increase in popularity of home-cooked food as a result of trend toward nutritious eating is expected to drive the global non-stick cookware market
Wilmington, Delaware, United States, Jan. 10, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global non-stick cookware market was worth US$ 19.5 Bn in 2021 and is estimated to touch value of US$ 31.4 Bn by 2031. Market forecast projects industry growth at a CAGR of 5% during the forecast period, from 2022 to 2031. Cooking with non-stick cookware requires the least amount of oil possible, which is expected to favorably impact the market. Rise in demand for non-stick cookware made of polytetrafluoroethylene and ceramic coating is likely to drive industry growth. High demand for modular kitchens and an increase in home renovation spending are both expected to accelerate market development. Additionally, growth of the gourmet cuisine industry is also anticipated to hold promising opportunities for market participants.
Food does not stick to a pan when it is coated with a non-stick coating. Manufacturers are making a wide range of non-stick cookware available through retail channels in order to meet continuously changing customer demand. This factor is expected to foster growth in the global non-stick cookware market during the forecast period.
Non-stick cooking surfaces are coated with Teflon, a popular brand of polytetrafluoroethylene (PTFE). Non-stick cookware is easy to use, scratch-proof, and simple to clean. They come in a variety of substances, including enameled iron, ceramic coating, Teflon, and anodized aluminum.
According to a market research on non-stick cookware, benefits such as hydrophobic property and reasonably excellent heat tolerance are what motivate manufacturers to use Teflon or PTFE in their products. In appliances, PTFE lowers friction and saves energy. Teflon pans, often regarded as the finest non-stick cookware, have the benefit of equal heat distribution, which speeds up cooking.
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Key Findings of Market Report
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Technological development and rapid shift in consumer preferences and are influencing the non-stick cookware market trends. According to consumer demand, top non-stick pan manufacturers offer products that are custom-made. Non-stick stainless-steel cookware is dishwasher and oven safe and suitable for all heat sources, including induction systems. The usage of eco-friendly non-stick cookware and introduction of smart pans are two recent developments. …….