Global Cast Iron Cookware Market: Snapshot
Discussing substantial vessels, cast iron pots are a definitive workhorse for the kitchen and their adaptability has definitely no match. You may use it on the stove top or the broiler or even in ovens, to get delectable nourishment. The major benefit of cast iron is it has high temperature limit, which infers that once it’s hot, the pot holds the warmth for a more drawn out period. This is perfect for cuisines which require slow cooking. Looking at the massive adoption of cast iron cookware across the globe the cast iron cookware market shall grow significantly in coming years.
- All things considered, a cast iron container can give you the best combination of singed veggies. We recognize how the perfect temperature can enhance flavor of vegetables and make them more desirable. Cast iron vessels have on numerous occasions been suggested by culinary specialists for cooking meat on account of their excellence of warming. Cast iron pots give the perfect profundity to make the crispiest chicken dishes such as fried and roasted chickens. This is major factor that boosts the growth of global cast iron cookware market.
- Dough punchers utilize cast iron skillets to prepare cakes and pies to accomplish the ideal covering the edges and the bottoms of the cake. The persistent coursing warmth of a hot skillet in the stove keeps the base outside of a pie pleasant and toasty, which will give it a superb crunch and simply cooked flavor when wrapped up. This also propels the growth of global cast iron cookware market in future.
- Rising single-individual family units alongside the expansion in mindfulness in regards to the immense advantages of cast iron cookware are the essential drivers driving the worldwide cast iron cookware market’s growth.
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Global Cast Iron Cookware Market: Snapshot
Rise in single-person households along with the increase in awareness regarding the vast benefits of cast iron cookware are the primary drivers leading the global cast iron cookware market during the next few years. The market is also expected to continue being augmented by the rising trend of online retailing. Another factor positively affecting the global cast iron cookware market is the renewed interest of the global consumer in traditional cookery.
The global cast iron cookware market is, however, currently restrained by increasing market competition, availability of alternative products, and the fact that cast iron cookware is not recommended for use on glass cooktops. It is also difficult to cook acidic foods in cast iron cookware as acid reacts with the metal and brings about a change in the food color, making it somewhat darker. The reaction can also cause some of the iron to leach out into the food, which can alter the taste of the food slightly. The potential health risk is low, but it can make the food taste metallic.
According to the report, the global cast iron cookware market is estimated to be valued at roughly US$2,537.0 mn by the end of 2017 and is expected to expand at a CAGR of 3.4% over the forecast period.
Food Services Industry to Account for Lion’s Share of the Global Cast Iron Cookware Market
By product type, the cast iron cookware market is segmented into unseasoned, seasoned, and enamel coated. The unseasoned cast iron cookware segment is likely to be the most attractive segment in the forecast period owing to its natural non-stick feature when seasoned property with oil. On the basis of end user, the cast iron cookware market can be segmented into households and food services. The food services segment is estimated to account for a significant revenue share of 67.6% in 2017 and is likely to remain the leading segment during the forecast period as well.
On the basis of sales channel, the cast iron cookware market is segmented into direct and indirect. Indirect segment is further sub-segmented into modern grocery retailers, traditional grocery retailers, and online retail. Of these, the traditional grocery retailers sub-segment is anticipated to occupy the largest market share of 52.2% in 2017. The online retail sub-segment is expected to register high growth rate during the forecast period.
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Asia Pacific to Emerge as the Most Promising Regional Market for Cast Iron Cookware
Geographically, the market in APAC and Europe is expected to dominate over the forecast period followed by North America. Collectively, the APAC and Europe markets are likely to account for over 62% of the overall cast iron cookware market by the end of 2025. The consumer base for cast iron cookware has expanded at a promising pace in APAC in the past few years as the consumer is increasingly becoming aware of the potential health hazards associated with non-stick and aluminum cookware.
With the increased inclination towards cast iron cookware as a better alternative to electric and non-stick cookware, the market in Asia Pacific is expected to become a prominent driving force for the global market by the end of the forecast period. The market in Europe and North America is likely to expand owing to the vast rise in the number of single-person households and the well-established e-commerce industry.
Some of the leading companies operating in the global cast iron cookware market are Staub USA, Inc., The Coleman Company, Inc., Tramontina USA, Inc., Lava Cookware USA, The Vollrath Company LLC, FINEX Cast Iron Cookware Co., Le Creuset of America, Inc., Lodge Manufacturing Company, Meyer Corporation, Camp Chef, Inc., American Metalcraft, Inc., and Marquette Castings.
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