Stainless steel by material types, obtained the highest revenue share in the India Cookware and Serveware Market – 6Wresearch
Stainless steel accounted for the majority revenues of the India Cookware and serveware Market owing its high preference by low to mid income consumers due to its high durability and even heating. The similar segment will continue to grow in the coming years. The rising hospitality and tourism market of India is projected to further propel the demand for cookware and serveware products during the forecast period due to rising tourism in the nation. In addition, cookware & serveware style and fashion are becoming highly important for the people who are at the higher end of the market.
According to 6Wresearch, the India Cookware Market is projected to grow at a CAGR of 6.0% during 2021-2027F and the India Serveware Market is projected to grow at a CAGR of 6.1% during 2021-2027F. Pans cookware segment is expected to garner the majority revenues of cookware market in the coming future. Furthermore, in the coming years, Kadai would be the second major contributor to India cookware market revenues, on the back of increasing number of small food joints and its increasing demand in the residential sector of the country.
According to Ravi Bhandari, Research Head, 6Wresearch, urbanization as well as rising disposable income will foster the demand for cookware in the near future in the residential segment. Cookware being a major element of restaurant’s kitchen, the demand for cookware products from commercial segment also projected to grow in the near future.
Offline distribution channel generated majority of the market revenues during the year 2020 since most of the people in rural and semi urban India prefer to buy cookware products through offline mode only.
The India Cookware and Serveware Market (2021-2027)” report provides an in-depth analysis with 44 figures and 15 tables, covered in 113 pages. This report on Cookware and Serveware Market in India comprehensively covers the industry by material types, product types, distribution channels and Applications. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future industry dynamics.