India Kitchenware Market
India Kitchenware Market Size Set to Grow Steadily at CAGR of 3.01% Touching USD 2 Billion by 2029
Published | 07 November 2023
India kitchenware market is flourishing because of an increasing trend of stylizing cookware to elevate it from a practical kitchen utensil to a symbol of aspirational living and increasing shift toward a contemporary approach.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India kitchenware market size at USD 1,668.01 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India kitchenware market size to grow at a steady CAGR of 3.01% reaching a value of USD 1,992.45 million by 2029. Major growth drivers for the India kitchenware market include the rising consumer consumption, increased per capita income, and a growing population are key contributors. Branded cookware is gaining popularity in rural areas, where awareness of quality and durability is growing. Changing lifestyles, higher disposable incomes, especially among working women, are driving demand for convenient kitchen products. The expansion of online retailing is a significant boost, providing greater access to consumers. Also, the adoption of smart kitchen technology is influencing buying habits. The residential market's expansion, with the increased number of households in India, is also propelling the kitchenware market's growth during the forecast period. However, unorganized sector and occurrence of health problems from the toxic compound found in the plastic are anticipated to restrain the overall market growth during the period in analysis.
India Kitchenware Market – Overview
India kitchenware market refers to the industry and commercial sector in India that involves the production, distribution, and sale of various kitchen utensils, cookware, and related kitchen equipment. Kitchenware market encompasses a wide range of products such as pots, pans, utensils, appliances, cutlery, and other tools used for cooking and food preparation in households and commercial kitchens. It also includes the emergence of modern, smart, and technologically advanced kitchenware products. The market is influenced by factors such as changing consumer preferences, lifestyle trends, population growth, and evolving culinary practices. It encompasses both traditional and innovative kitchenware solutions and serves the needs of a diverse customer base in India.
Impact of COVID-19 on India Kitchenware Market
COVID-19 pandemic had a mixed impact on the India kitchenware market. Initially, as lockdowns were enforced, there was a surge in demand for kitchenware products as people spent more time cooking at home. However, supply chain disruptions, labor shortages, and economic uncertainties hindered production and distribution. The market adapted by promoting online sales channels and contactless delivery. Also, safety concerns led to a preference for hygienic and easy-to-clean kitchenware. As the pandemic evolved, consumer priorities shifted towards essential items, and the market saw fluctuations in demand. Overall, the India kitchenware market demonstrated resilience and adaptability in response to the pandemic's challenges.
India Kitchenware Market – By Distribution Channel
Based on distribution channel, the India kitchenware market is divided into Hypermarkets & Supermarkets, Specialty Store, and Online segments. The online segment holds the highest share in the India kitchenware market by distribution channel. It is primarily driven by the escalating competition among brick-and-mortar retail outlets and the increasing amount of time the general population dedicates to the internet. Also, the availability of convenient financing options and the attractive discounts offered by eCommerce giants, such as Flipkart and Amazon, are compelling consumers to favor online shopping over traditional in-store purchases. Online shopping has emerged as a pivotal retail channel for all consumer acquisitions. It empowers consumers to efficiently explore a wide array of features and pricing choices from various retailers with just a few clicks, thereby saving time.
Major players operating in the India kitchenware market include Vinod Cookware, TTK Prestige, Hawkins Cookers, Stovekraft, Bajaj Electricals, Wonderchef, Bhalaria Cookware, Hamilton Housewares, Cello Cookwares, and Sumeet Cookware. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Kitchenware Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Kitchenware Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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- India Kitchenware Market, By Product (Cookware, Bakeware, Serveware, Kitchen Utensils); By Material (Stainless Steel, Aluminum, Glass); By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online); By End User (Residential, Commercial); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: November 2023
An increasing shift toward a contemporary approach and rising trend of stylizing cookware to elevate it from a practical kitchen utensil to a symbol of aspirational living are projected to propel the expansion of the India Kitchenware Market during the forecast period between 2023 and 2029.
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