Global Cast Iron Cookware Market Overview:
High-performance cast iron cookware is valued for its heat retention, durability, usability at very high temperatures, and non-stick cooking when seasoned correctly. The spice is also used to protect the bare cast iron from rust. Cast iron pans are especially popular for sautéing and are generally safe to use. Cast iron's ability to withstand and maintain very high cooking temperatures makes it a common choice for searing or roasting, and its excellent heat retention makes it a good option for long-simmering stews or braised dishes. Because cast iron pans, with proper care, can develop a "non-stick" surface. Cast iron is much denser than aluminum and hence stores more heat per unit volume. In addition, cast iron pans are typically thicker than pans of similar size made from other materials. The combination of these factors means that cast iron pans can store more heat for longer than copper, aluminum, or stainless steel pans. Cast iron cookware can leach significant amounts of iron from food into food. The amount of iron absorbed varied greatly depending on the food, acidity, water content, cooking time, and age of the cookware. Cast iron pre-seasoned cookware (seasoning or coating applied by the manufacturer) is stripped (removing the seasoning by chemical, electrical, or physical means) and seasoned again by the user, as most users have their own preferred seasoning method. A suitable spice made of cast iron protects the cookware from rust, provides a non-stick surface for cooking, and reduces the interaction of the food with the iron in the pan. In 2017, the global market for cast iron cookware was estimated at around 2.5 billion US dollars.
Growth Drivers
- The Growing Awareness About the Major Health Advantages Associated with The Cast Iron Cookware
- The Increase in Interest Toward Traditional Crockery
- A Rise in Number Restaurants and Hotels
Market Trends
- Rising Single-Individual Family Units Alongside the Expansion in Mindfulness In Regards To The Immense Advantages of Cast Iron Cookware
- Favorable Features Such as Cost-Efficiency, Durability, And Nonstick Qualities of Cast Iron Cookware
Roadblocks
- The Availability of Its Substitutes Made from Aluminum Or Stainless Steel
Opportunities
- The Rising Inclination Towards Online Retailing
- The Increased Inclination Towards Cast Iron Cookware as A Better Alternative to Electric And Non-Stick Cookware
Challenges
- The Iron Cast Cookware Is Heavy and Needs Extra Care
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Le Creuset (United States), Staub (France), Lodge (United States), Vermicular (United States), American Metalcraft (United States), Williams Sonoma, Inc. (United States), Calphalon (United States), Camp Chef (United States), Cuisinart (United States) and Tablecraft Product Company (United States). Additionally, following companies can also be profiled that are part of our coverage like Tramontina (Brazil) and Victoria (Australia). Analyst at AMA Research see United States Vendors to retain maximum share of Global Cast Iron Cookware market by 2026. Considering Market by Shape, the sub-segment i.e. Rounded will boost the Cast Iron Cookware market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Cast Iron Cookware market. Considering Market by Style, the sub-segment i.e. Dutch Ovens will boost the Cast Iron Cookware market.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cast Iron Cookware market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cast Iron Cookware market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Cast Iron Cookware, Suppliers and Distributors of Cast Iron Cookware, Venture Capitalists and Private Equity Firms, Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.