As a necessity of family daily life, the market development of kitchenware is closely related to residents' living standards, consumption habits and technological progress. In recent years, with the continuous growth of the global economy and the enhancement of people's awareness of healthy eating, the kitchenware market has shown a vigorous development trend. According to the latest data, the global kitchenware industry market size has reached us $107 billion by 2023, which is an important part of the consumer sector. It is expected that in the next few years, with the steady recovery of the global economy and the improvement of people's living standards, the kitchenware market size will continue to expand. It is predicted that by 2029, the global market size of stainless steel tableware and kitchenware will reach 2.431 billion yuan, and the compound annual growth rate is estimated to be 4.58%.
As an important part of the global kitchenware market, the Chinese market has been particularly prominent in recent years. The scale of China's cookware industry has reached a significant level in 2023, and it is expected to reach 60.4 billion yuan in 2024. Look from specific category, although traditional kitchen electricity such as lampblack machine, gas stove is affected by the factor such as epidemic situation, but the market still has certain growth space. And emerging categories such as dishwasher, embedded kitchen electricity, integrated stove to show a strong growth momentum, become the new bright spot of the market.
With the promotion of intelligent, environmental protection, multi-functional and other trends, the kitchenware market will present diversified and personalized development characteristics. It is predicted that the Chinese kitchenware market will maintain steady growth in the next few years, especially the market share of smart kitchenware and environmentally friendly kitchenware will increase significantly.
