DUBLIN--(BUSINESS WIRE )--The "Cast Iron Cookware - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Cast Iron Cookware estimated at US$2.4 Billion in the year 2020, 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.
The U.S. Market is Estimated at $454.3 Million, While China is Forecast to Grow at Reach $528.4 Million by 2026
The Cast Iron Cookware market in the U.S. is estimated at US$454.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$528.4 Million by the year 2026 trailing a CAGR of 4.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2.8% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 2.5% CAGR. In these regional markets, growing appetite for baked goodies is expected to benefit cast iron baking utensils ranging from baking pans, dishes to skillet. Cast iron skillet especially is gaining in popularity among home bakers to bake brownies and apple crisp then searing steaks. This is largely because cast iron skillets give amateur bakers more control over the baking process from start to finish, since skillet can be used on both the stovetop and in the oven. A cast iron pizza pan is capable of baking the perfect pie crusts benefiting from cast iron`s unique heat reservoir characteristic. Cast iron bakeware is therefore becoming a favourite for pancakes, biscuits, and cornbread, scones and crepes.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900