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ABSTRACT-
Global Cast Iron Cookware Market to Reach $2.8 Billion by 2026
Cast iron cookware is a cookware type made from soft and heavy metallic material called cast iron, which is considered to be a superior material for cooking food items.
Cast iron absorbs and retains heat extremely well, and ensures an even heat distribution across the entire surface of the cookware. The material allows slow absorption and release of heat, thereby making it ideal for dishes requiring slow cooking.
In recent years, cast iron cookware has been experiencing a resurgence in popularity, particularly in specialty markets. Many celebrity chefs are also showing an increased interest in traditional cooking methods, particularly using cast iron cookware, which has led several startups to begin producing innovative designs of cast iron cookware for specialty markets.
With the COVID-19 crisis, the global market for Cast Iron Cookware, estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$2.8 Billion by 2026, growing at a CAGR of 3.1% over the analysis period.
Unseasoned, one of the segments analyzed in the report is projected to record a 2.8% CAGR and reach US$1.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Seasoned segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
Enamel Coated Cast Iron Cookware Segment to Reach $519.5 Million by 2026
Enameled cast iron cookware is made by applying a vitreous enamel glaze onto the cookware`s surface.
This coating helps in preventing rusting, eliminating the requirement for seasoning the metal, and allowing for a more thorough cleaning. Enamel cast iron cookware is ideal for slow cooking and for drawing flavors from different food ingredients. In addition, pigments used during the enameling process can help in producing vibrant colors.
With enamel-coated cast iron cookware does not have cleaning or seasoning issues as with uncoated cast iron cookware, the cost of a similar-styled enamel-coated cast iron cookware is significantly higher than its uncoated equivalent.
In the global Enamel Coated Cast Iron Cookware segment, the USA, Canada, Japan, China, and Europe will drive the 3.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$313.5 Million, will reach a projected size of US$387.2 Million by the close of the analysis period.
This article was shared with Prittle Prattle News as a Press Release.
