Product Code: ETC377064 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India kitchenware market import shipments demonstrated a robust growth trend over the period 2020-2024, with a notable CAGR of 15.7%. Momentum accelerated further between 2023 and 2024, showing a growth rate of 29.6%. Overall, the market expanded significantly, indicating strong consumer demand and market opportunities.
The India kitchenware market stood at approximately USD 5 billion driven by changing consumer lifestyle trends leading towards organized retail penetration combined with rapidly expanding ecommerce industry providing access to customers even from tier II & III cities where organised retail presence is low or non-existent. With changing lifestyles amidst rising disposable income levels fuelling higher consumption demands plus advent of newer materials such as ceramic , bamboo , silicone etc have led towards innovation within kitchen ware industry thus helping catapult sectoral growth going forward.
India kitchenware market as a whole, there is a growing trend of consumers valuing high-quality, innovative, and stylish kitchen products. This has resulted in a surge in demand for kitchenware that enhances cooking experiences and complements modern kitchen aesthetics.
The kitchenware market in India faces several challenges that impact its growth prospects. Counterfeit and substandard kitchenware products are prevalent in the market, undermining the reputation of genuine manufacturers and posing safety risks to consumers.Furthermore, the unorganized nature of the kitchenware market leads to inefficiencies in distribution and marketing, making it difficult for established brands to reach a broader customer base.The traditional preference for locally made, handcrafted kitchenware can also limit the adoption of modern, mass-produced alternatives, posing challenges for manufacturers looking to scale their businesses.
The kitchenware market in India faced both challenges and opportunities during the COVID-19 pandemic. As people spent more time cooking at home, there was a surge in demand for kitchenware products. However, supply chain disruptions, labor shortages, and logistical constraints impacted production and distribution, leading to fluctuating market trends.
The India Kitchenware Market is competitive with key players such as TTK Prestige Ltd., Hawkins Cookers Limited, Borosil Glass Works Ltd., Milton, and Pigeon India.