Segments - Copper Kitchenware Market By Product Type (Copper Kitchen Utensil, Copper Kitchen Appliances, Copper Dishes, and Others), By Application (Residential Use, and Commercial Use), By Distribution Channel (Offline, and Online), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024 – 2032
The global copper kitchenware market size was USD 3,454.84 Million in 2022 and is likely to reach USD 4,580.71 Million by 2031, expanding at a CAGR of 3.2% during 2023–2031. The market growth is attributed to the increasing disposable household income and purchasing power, rising trend toward high-end & durable kitchenware, and technological advancements in copper kitchenware.
Copper kitchenware refers to the cookware made from copper; a metal known for its excellent heat conductivity. Copper kitchenware has the ability to heat up rapidly and uniformly, distributing heat across the whole cooking surface. This is especially helpful for cooking methods where steady heat is essential to getting the desired results, such searing, caramelizing, and reducing sauces. Copper kitchenware cools down as quickly as it heats up, providing enhanced control over the cooking process.
Moreover, copper kitchenware has been used for centuries, and is still highly valued by both home and professional chefs. Some foods, especially acidic ones such as tomatoes and vinegar, react with pure copper cookware. Traditional copper kitchenware is sometimes coated with another metal, such as stainless steel or tin, in order to overcome this problem.
Copper pots are popular type of kitchenware, as they are strong, hygienic, resistant to corrosion, and excellent heat conductors.
The research report states that the COVID-19 Pandemic has significantly impacted the Copper kitchenware market. Despite the challenges posed by the pandemic, the copper kitchenware market is projected to recover and grow post-COVID-19. Market forecasts indicate a positive outlook for the copper kitchenware market, driven by increasing consumer demand, technological advancements, and opportunities in both domestic and commercial sectors.
Moreover, the pandemic has altered consumer behavior and a large number of individuals are spending time cooking at home. This drastic shift has increased the demand for high-quality cookware, including copper kitchenware, emphasizing the importance of durable and efficient cooking equipment for domestic use.
Increasing household disposable income and purchasing power
Increasing household disposable income and purchasing power impact the global copper kitchenware market. People invest in high-quality kitchenware products, including copper cookware, as their income levels rise. For instance, according to a report published by the US Energy Information Administration (US EID), the worldwide per capita disposable income stood at USD 10,136 in 2022 and is projected to reach USD 16,979 in 2050 with an average annual growth rate of 1.9%.
The copper kitchenware market is also driven by factors such as an increase in urbanization and a growing emphasis on healthy cooking and sustainability. These trends align with the preferences of consumers with a high purchasing power who prioritize quality and longevity in their purchases
Rising adoption of high-end & durable kitchenware
Rising trends of adopting high-end and durable kitchenware across the globe are expected to drive the demand for the copper kitchenware market in the coming year.
Copper kitchenware is often associated with high quality and luxury, appealing to consumers seeking long-lasting and durable kitchenware. A growing preference for copper kitchenware due to its aesthetic appeal and ability to conduct heat efficiently leads to superior cooking experiences.
Increasing demand for sustainable and eco-friendly kitchenware leads to the development of copper utensils that are free from harmful chemicals and easily recyclable.
Fluctuating raw material prices
Fluctuating prices of copper hinder the copper kitchenware market. Fluctuations in copper prices impact the overall cost of manufacturing copper kitchenware, potentially influencing consumer purchasing decisions.
Copper prices are subject to fluctuations due to global supply and demand dynamics, geopolitical factors, and economic conditions. These price variations impact manufacturing costs, affecting the affordability of copper kitchenware.
Copper is a relatively expensive metal, making copper kitchenware more expensive than other types of kitchenware, such as stainless steel or aluminum. This high cost is a major deterrent for many consumers, which hinders the market in the coming year.
Growing e-commerce platforms and online shopping channel
Growing e-commerce platforms and online shopping channels are expected to create immense opportunities in the global copper kitchenware market.
The surge in online platforms and e-commerce has significantly boosted the sales of copper kitchenware, making these products increasingly accessible to consumers across the globe. This increased accessibility through online channels has facilitated easy purchasing and browsing options for customers.
Online shopping channels provide convenience for consumers to explore a wide range of copper kitchenware products, compare prices, read reviews, and make informed purchasing decisions from the comfort of their homes. This convenience factor contributes to the market growth by reaching a broad customer base.
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Copper kitchenware Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Product Type (Copper Kitchen Utensil, Copper Kitchen Appliances, Copper Dishes, and Others), By Application (Residential Use, and Commercial Use), By Distribution Channel (Offline, and Online) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Ashtok, BHALARIA METAL CRAFT PVT. LTD., CROCKERY WALA AND COMPANY, Cuisinart, French Copper Studio, Hammersmith Cookware, INDIAN ART VILLA, Mauviel USA, Meyer Corporation, Shree Metal Udhyog, Tramontina USA Inc., and Williams-Sonoma Inc. |
Based on product type, the global copper kitchenware market is segmented into copper kitchen utensils, copper kitchen appliances, copper dishes, and others.
The copper kitchen utensil was valued at USD 1,626.00 million in 2022 and is anticipated to expand at a CAGR of 3.2% between 2023 and 2031 due to the increasing demand for sustainable and eco-friendly kitchenware, leading to the development of copper utensils that are free from harmful chemicals and easily recyclable. Moreover, the copper kitchen utensil is segregated into saucepans, copper wok, copper barbecue, and others.
Based on application, the global copper kitchenware market is bifurcated into residential use and commercial use.
The residential segment was valued at USD 2,542.78 million in 2022 and is anticipated to expand at a CAGR of 3.3% between 2023 and 2031 due to its natural antimicrobial properties, which can help keep kitchenware clean and prevent bacterial growth. This can contribute to better hygiene and health in homes.
Moreover, copper kitchenware has an attractive, warm, and traditional look that many people find appealing. They can add a touch of elegance and charm to a kitchen's décor. This is expected to drive demand for copper kitchenware for residential use during the forecast period.
Based on the distribution channel, the global copper kitchenware market is bifurcated into offline and online.
The offline segment was valued at USD 2,605.26 million in 2022 and is anticipated to expand at a CAGR of 3.3% between 2023 and 2031. Offline distribution allows customers to assess the quality, weight, and appearance of the items, which can be crucial in making a decision, especially for high-end copper kitchenware.
Additionally, offline stores often provide personalized assistance and recommendations to customers, helping them choose the right copper kitchenware based on their needs, preferences, and budget. This personal touch can be more effective than online shopping, where customers may have to rely on product descriptions and reviews.
On the basis of region, the global copper kitchenware market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA).
The market in North America is estimated to expand at a CAGR of 3.2% during the forecast period, owing to the growing demand for sustainable and eco-friendly kitchenware in the region. Additionally, the surge in online platforms and e-commerce has significantly boosted sales of copper kitchenware, making it accessible to consumers. Moreover, the rising trend of using copper kitchenware as home decor items is expected to drive the market in the coming year.
Europe accounted for 20.0% share of the market in 2022 due to the increasing consumer trends toward valuing premium cookware such as copper due to its excellent heat conductivity, even heat distribution, and aesthetic appeal. The market is expanding due to the popularity of home cooking, gourmet dining trends, and the association of copper products with quality and luxury.
The Global Copper kitchenware Market has been segmented on the basis of
Key players competing in the Global Copper kitchenware Market are Ashtok, BHALARIA METAL CRAFT PVT. LTD., CROCKERY WALA AND COMPANY, Cuisinart, French Copper Studio, Hammersmith Cookware, INDIAN ART VILLA, Mauviel USA, Meyer Corporation, Shree Metal Udhyog, Tramontina USA Inc., and Williams-Sonoma Inc.
Additional company profiles can be provided on request. For a discussion related to the above findings, click Speak to Analyst.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Increasing household disposable income and purchasing power and rising adoption of high-end & durable kitchenware are the factors driving the growth of the Copper kitchenware market.
According to this Growth Market Reports report, the Copper kitchenware Market is likely to register a CAGR of 3.2% during the forecast period 2022-2031, with an anticipated valuation of USD 4,580.71 Million by the end of 2031.
Domestic users and commercial users are the end-user of Copper kitchenware. Domestic users typically refer to individuals or households using copper kitchenware for cooking and food preparation at home. On the other hand, commercial users encompass professional settings such as restaurants, hotels, catering services, and other food establishments that utilize copper kitchenware for commercial cooking purposes.
GDP, and Urbanization & Modernization are expected to act as macroeconomic factors for the market.
Ashtok, BHALARIA METAL CRAFT PVT. LTD., CROCKERY WALA AND COMPANY, Cuisinart, French Copper Studio, Hammersmith Cookware, INDIAN ART VILLA, Mauviel USA, Meyer Corporation, Shree Metal Udhyog, Tramontina USA Inc., and Williams-Sonoma Inc.
COVID-19 pandemic has had an immense impact on the Copper kitchenware market. Lockdowns and shutdowns of industries worldwide disrupted the production and supply of metals, including copper. Mines operated at reduced capacity, affecting the availability of raw materials. This disrupted the manufacturing process of copper kitchenware during the pandemic.
In addition to market size (in US$ Million) Company Market Share (in % for the base year 2022) is available in the report. Moreover, additional data analysis can be provided on request.
The base year considered for the global Copper kitchenware market report is 2022. The complete analysis period is 2021 to 2031, wherein, 2016, and 2021 are the historic years, and the forecast is provided from 2023 to 2031.