Market revenue in 2023 | USD 2,398.8 million |
Market revenue in 2030 | USD 3,863.1 million |
Growth rate | 7% (CAGR from 2023 to 2030) |
Largest segment | Non-stick/ coated |
Fastest growing segment | Non-Stick/ Coated |
Historical data covered | 2017 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Standard /Non-Coated, Non-Stick/ Coated |
Key market players worldwide | Groupe SEB, Target Corp, Fissler gmbh, SCANPAN, TTK Prestige, Bankhaus Werhahn, Tramontina, The Vollrath Company, Hawkins Cookers |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cookware market will help companies and investors design strategic landscapes.
Non-stick/ coated was the largest segment with a revenue share of 63.01% in 2023. Horizon Databook has segmented the Latin America cookware market based on standard /non-coated, non-stick/ coated covering the revenue growth of each sub-segment from 2017 to 2030.
The cookware market in this region is expected to witness significant growth during the forecast period owing to rising urbanization and the increasing presence of hotels and restaurants. Pop-up restaurants are gaining traction in Brazil as they are highly focused on introducing innovative food formats, which is likely to positively impact the demand for cookware in the coming years.
A significant portion of the population in Central & South America is living on a modest income. Thus, consumers prefer budget-friendly cookware for everyday use. Family time is an important part of their culture and cooking is a major part of this.
There are two main factors influencing customers’ buying decisions in Central & South America: product cost, which is driven by the family budget, and the cultural aspect, meaning consumers are more likely to buy items manufactured locally. Consumers in the region are more likely to purchase a product at a budget-friendly-to-medium price point.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cookware market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cookware market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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