Growing awareness regarding relatively greater benefits of cast iron cookware, in tandem with significant rise in the single-person households, has driven demand for cast iron cookware in recent years. The upward trend of online retailing, and renewed interest of consumers in traditional cookery, are further expected to prevail as key growth determinants for the cast iron cookware market. These insights are extracted from a report titled “Cast Iron Cookware Market – Global Industry Analysis and Opportunity Assessment 2017 – 2025,” which has been incorporated recently into the comprehensive repository of XploreMR.
According to the report, the cast iron cookware market is projected to exhibit a sluggish growth at 3.4% CAGR during the period of forecast, 2017 – 2025. Highly intensive competitive nature of the cast iron cookware market has led to challenges apropos of cost and product differentiation among manufacturers, who are widespread and large in number across the globe. Inhibitions on use of cast iron in glass cooktops, coupled with growing availability of effective alternative products, are likely to impede growth of the cast iron cookware market. Additionally, absence of smooth surface, and consistent care required for preventing corrosion of cast iron, has further constrained growth of the cast iron cookware market.
Cast Iron Cookware Market: Report Synopsis
This report offers forecast and analysis on the cast iron cookware market for the period of forecast, 2017 to 2025, and incorporates all major dynamics – drivers, impediments, opportunities, and trends – influencing expansion of the cast iron cookware market. A holistic perspective has been offered by the report on the cast iron cookware market, and the market size has been evaluated and represented in terms of revenue (US$ Mn). The report also tracks the positioning of predominant cast iron cookware manufacturers on the basis of their regional presence, and also offers information on key recent developments made by these market players.
A weighted section of the report provides an overview of the cast iron cookware market, which includes an attractiveness analysis that offers a thorough assessment on the competitive landscape of the cast iron cookware market worldwide. Intelligence on various expansion strategies adopted by key players in the cast iron cookware market has also been delivered in the report. In addition, the overview section of the report gives a brief introduction to the market, along with a formal definition of the target product “non-stick cookware.”
Cast Iron Cookware Market: Research Methodology
Insights and forecast offered on the cast iron cookware market are derived on the basis of a tested & proven research methodology, which involves a perfect amalgamation of primary and secondary researches. Exhaustive secondary researches carried out by analysts who have developed this report has aided in arriving at key data points that comprise regional-split of the cast iron cookware market on the basis of segmentation included.
Prospects of the cast iron cookware market are delivered in terms of revenues from sales of cast iron cookware across the globe. Insights derived from secondary researches are then validated through intelligence gained from extensive primary interviews conducted by analysts with leading industrialists and prominent market players. Data obtained has further been triangulated via different analyses with respect to supply- and demand-side trends of the cast iron cookware market.