1. Prediction of Development in Cookware Industry
● Forecast of the market size of pot and utensils industry
As the domestic market continues to expand, the rural population declines, the proportion of urban population increases. The continuous replacement of traditional rural wok has formed a trend of new cookware replacing old cookware under the intelligent trend. And the market scale of industry will continue to grow. It is expected that the size of the market will reach 82.45 billion RMB in 2027 and the industry average growth rate of around 9%.
● Prediction of production value of cookware industry
China has been the main power of pot industry production in the world. A large number of pots export every year and the annual output of the industry is higher. The future of this situation will not have a big change. It is expected that domestic pot industry output scale will reach 83.363 billion RMB in 2027 and maintains steady.
2. Analysis of the Development and Investment In Cookware Industry
● Analysis of key investment areas in the cookware industry
The main production area of China’s cookware industry is concentrated in Zhejiang, Guangdong, Fujian. China’s cookware industry is experiencing the evolution from quantity growth to quality improvement, from price competition to product and service quality competition. At present, the urban market competition of domestic cookware is relatively fierce, while the rural market is in its infancy, but the market potential is huge.
A large number of accessory factories and service providers gather in Guangdong, Zhejiang and pearl River Delta area. It formed a industrial cluster having advantage in machine assembly and supporting capacity.
With the rapid growth of the national economy and consumer consumption, the overall demand for cookware has a steady growth every year. Urban market is in a stable growth period and the promotion of rural urbanization makes the vast rural market has more potential. With the continuous development of technology, the next five years will be the peak of cookware updating.
At present, cookware is mainly sold in Zhejiang, Guangdong. Zhejiang, Guangdong buyers account for 59%. It has huge potential of market development.
● Analysis of key investment products in pot and utensil industry
The consumption concept of people already changed a lot, especially in Beijing market. The key that the family decorates tends to kitchen and toilet.The points consumers care about cookware is no longer just be useful.Even normal consumers, they pay more and more attention to health, environmental protection and energy saving. Cookware is closely related to people’s health so there is no doubt that we should pay more money. The emergence of new materials and new technologies makes the pot market continuously launch new products with characteristics of health, environmental protection and energy saving to meet the increasingly demanding consumer demand for pot.
About healthy coating cookware, Chinese traditional iron pot will produce iron oxide detrimental to human health in use for a long time contacting with water stains. In order to avoid rusting pot to affect people’s health, now many wok on the market, such as non-stick pot, ceramic pot, have a layer of coating on the surface of the pot to drain water easily or avoid food sticking on pot.
When cooking, many cuisines need to be fried. The boiling point of oil is 320℃. And the oil is always boiling when frying food, which can easily lead to the breakdown of harmful ingredients in the non-stick pan. Stir-fry with an iron spatula will also destroy the non-stick coating. In addition, aluminum pot and stainless steel pot is also a very good thermal conductivity of the material. Nowadays, people have high demand for the quality and health of cookware. Cookware with healthy coating and high technology are the necessary direction for manufacturers to develop in the future.
About Multi-purpose cookware, with the change of living habits and eating habits of the post-80s and post-90s, the multi-purpose pot has great development prospects. Multi-purpose cookware are set for frying, steaming, boiling, rinsing and stewing,functionally.
About smart cookware, in the future, with the consumers’ pursuit of food quality, it is also a key development direction to integrate intelligence into cookware. For example, setting the time, adjusting the firepower and adding different modes according to different dishes. These make cooking more intelligent and convenient.
Post time: Jul-21-2022