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Kitchen Utensils Market to Grow by USD 2.27 Billion from 2020-2025 |Rising Concerns toward Health and Hygiene will drive Market Growth | Technavio

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Nov 09, 2021, 22:50 ET

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NEW YORK, Nov. 9, 2021 /PRNewswire/ -- The Kitchen Utensils Market research report has been added to Technavio's catalog. The market is anticipated to witness healthy growth at a CAGR of 4.25%. This growth can be attributed to rising concerns toward health and hygiene. However, high energy consumption by major appliances can hamper the growth of the market during the next few years.

Download FREE Sample Report for Insights on the Drivers, Trends, and Challenges that will Help Companies Evaluate and Develop Growth Strategies.

Attractive Opportunities in Kitchen Utensils Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Kitchen Utensils Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

The Kitchen Utensils Market is driven by rising concerns toward health and hygiene. The growth of the market will further be accelerated due to the growing number of restaurants. However, fluctuations in raw material prices and operational costs might impact the market growth adversely during the forecast period.

Major Five Kitchen Utensils Companies:

  • Chasseur Australia
  • De Longhi S.p.A
  • Glen Dimplex Group
  • Guangdong Liwang Kitchenware Co. Ltd.
  • Illinois Tool Works Inc.

Download FREE Sample Report Now to Uncover Vendor Analysis and Offerings of Kitchen Utensils Market.

Kitchen Utensils Market Distribution Channel Outlook (Revenue, USD bn, 2020-2025)

  • Offline - size and forecast 2020-2025
  • Online - size and forecast 2020-2025

Kitchen Utensils Market Geography Outlook (Revenue, USD bn, 2020-2025)

  • APAC - size and forecast 2020-2025
  • North America - size and forecast 2020-2025
  • Europe - size and forecast 2020-2025
  • South America - size and forecast 2020-2025
  • MEA - size and forecast 2020-2025

Download FREE Sample Report to Get Insights on Each Segment 

Kitchen Utensils Market 2021-2025: Regional Analysis

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. 40% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for kitchen utensils in APAC.  The growing number of restaurants will facilitate the kitchen utensils market growth in APAC over the forecast period.

Related Reports on Consumer Discretionary Include:

Induction Cookware Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

Residential Cooker Hoods Market by Technology, Geography, and Product - Forecast and Analysis 

Kitchen Utensils Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.25%

Market growth 2021-2025

USD 2.27 billion

Market structure

Fragmented

YoY growth (%)

6.96

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Chasseur Australia, De Longhi S.p.A, Glen Dimplex Group, Guangdong Liwang Kitchenware Co. Ltd., Illinois Tool Works Inc., Rayware Ltd, TopTier Houseware Inc., Tupperware Brands Corp., Whirlpool Corp., and Zhejiang Supor Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Related Links

http://www.technavio.com

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