Latin America Nonstick Cookware Market Size & Outlook
Latin America nonstick cookware market, 2016-2028 (US$M)
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Latin America nonstick cookware market highlights
- The Latin America nonstick cookware market generated a revenue of USD 847.7 million in 2020.
- The market is expected to grow at a CAGR of 3.9% from 2021 to 2028.
- In terms of segment, supermarkets & hypermarkets was the largest revenue generating distribution channel in 2020.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 847.7 million |
| Market revenue in 2028 | USD 1,151.7 million |
| Growth rate | 3.9% (CAGR from 2020 to 2028) |
| Largest segment | Supermarkets & hypermarkets |
| Fastest growing segment | Online |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online |
| Key market players worldwide | Newell Brands Inc, Groupe SEB, Tefal India, All Clad, WMF Group, Cuisinart, Meyer, TTK Prestige, SCANPAN, Hawkins Inc, The Cookware Company |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.2% of the global nonstick cookware market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,363.6 million by 2028.
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Nonstick Cookware Market Scope
Nonstick Cookware Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America nonstick cookware market outlook
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 nonstick cookware market will help companies and investors design strategic landscapes.
Supermarkets & hypermarkets was the largest segment with a revenue share of 63.47% in 2020. Horizon Databook has segmented the Latin America nonstick cookware market based on supermarkets & hypermarkets, convenience stores, specialty stores, online covering the revenue growth of each sub-segment from 2016 to 2028.
The nonstick 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. Popup restaurants are gaining traction in Brazil as they are highly focused on introducing innovative food formats.
Such trends are likely to positively impact the market’s growth in the upcoming years. In Central and South America, a significant portion of the population is living on a modest income. Thus, consumers tend to prefer aluminum nonstick pots and pans, with black and red being the most popular colors.
Entry-level rivet handles, with sizes and lengths proportionate to the size of the pots (from fiveinch size) are best suited to these types of cookware products. Family time is an important aspect of the local culture in Central & South America and cooking is a major part of this.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America nonstick cookware market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America nonstick cookware market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America nonstick cookware market size, by country, 2016-2028 (US$M)
Latin America Nonstick Cookware Market Outlook Share, 2020 & 2028 (US$M)
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