The global wok market size was valued at $1,650.4 million in 2021 and is expected to reach $3,011.5 million by 2031, registering a CAGR of 6.3% from 2022 to 2031.
A wok is a deep, rounded-bottomed cooking pot used traditionally in China. It is common in China, and similar frying pans are also available in a number of locations in East, South, and Southeast Asia. Chinese cooking methods include stir-frying, steaming, pan frying, deep frying, and poaching, boiling, braising, searing, stewing, creating soup, smoking, and roasting nuts. A wok is used in all of these methods. Cooks who use woks frequently use ladles or spatulas with long handles called cans to shield their hands from the intense heat. The shape of the wok is what makes it unique. Woks from the past feature rounder bottoms. Hand-hammered woks are occasionally turned inside out to give the edge a slight flare after being fashioned that makes it simpler to push food up the sides. The flat bottom of some woks available in western nations make them more resemblant of deep-frying pans. The wok can be utilized because of its flat bottom on an electric stove, where rounded wok would not be able to fully contact heating element of the stove.It is challenging for the traditional round spatula or ladle to readily take up all the food in the bottom of the wok and throw it about with a flat bottom. The bottom of a circular wok can heat quickly than a flat wok over a gas burner or conventional pit stove, which makes it superior for stir-frying. There are many players in the wok market.
The global wok market witnesses’ lucrative opportunities, owing to the rise in demand for flat-bottomed wok and increased penetration of online shopping. The increase in residential and hospitality kitchens drives the growth of the global wok market. In addition, wok gets traction as consumers attempt to get better at cooking to experiment with new dishes at home and it is one of the key trends pertaining in the market across the globe.
The Asia-Pacific wok market held a major share in 2021 and is projected to grow during the forecast period, owing to the population growth in the region. Furthermore, the use of novel and distinctive cookware for preparing various cuisines is a trend that has benefited the expansion of the wok market. However, several aspects, such as an increase in the number of fake products in the market, are projected to hamper the growth of the global wok market during the forecast period. Although, an increase in investment in R&D activities and growth in the number of manufacturers are expected to pose lucrative opportunities in the upcoming years.
The wok market is segmented on the basis of material type, application, distribution channel, and region. On the basis of material type, the market is classified into carbon steel, cast iron, and aluminum. On the basis of application, the market is bifurcated into household and commercial. On the basis of distribution channel, the market is categorized into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channels. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They also focus on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the wok industry include Bajaj electricals limited, Zwilling J. A. Henckels, TTK prestige limited, Tramontina USA, Inc., Scanpan A/S, Calphalon, Cuisinart, Supor, Target brands, Inc., and Lodge cast iron.
A wok is a deep, rounded-bottomed cooking pot used traditionally in China. It is common in China, and similar frying pans are also available in a number of locations in East, South, and Southeast Asia. Chinese cooking methods include stir-frying, steaming, pan frying, deep frying, and poaching, boiling, braising, searing, stewing, creating soup, smoking, and roasting nuts. A wok is used in all of these methods. Cooks who use woks frequently use ladles or spatulas with long handles called cans to shield their hands from the intense heat. The shape of the wok is what makes it unique. Woks from the past feature rounder bottoms. Hand-hammered woks are occasionally turned inside out to give the edge a slight flare after being fashioned that makes it simpler to push food up the sides. The flat bottom of some woks available in western nations make them more resemblant of deep-frying pans. The wok can be utilized because of its flat bottom on an electric stove, where rounded wok would not be able to fully contact heating element of the stove.It is challenging for the traditional round spatula or ladle to readily take up all the food in the bottom of the wok and throw it about with a flat bottom. The bottom of a circular wok can heat quickly than a flat wok over a gas burner or conventional pit stove, which makes it superior for stir-frying. There are many players in the wok market.
The global wok market witnesses’ lucrative opportunities, owing to the rise in demand for flat-bottomed wok and increased penetration of online shopping. The increase in residential and hospitality kitchens drives the growth of the global wok market. In addition, wok gets traction as consumers attempt to get better at cooking to experiment with new dishes at home and it is one of the key trends pertaining in the market across the globe.
The Asia-Pacific wok market held a major share in 2021 and is projected to grow during the forecast period, owing to the population growth in the region. Furthermore, the use of novel and distinctive cookware for preparing various cuisines is a trend that has benefited the expansion of the wok market. However, several aspects, such as an increase in the number of fake products in the market, are projected to hamper the growth of the global wok market during the forecast period. Although, an increase in investment in R&D activities and growth in the number of manufacturers are expected to pose lucrative opportunities in the upcoming years.
The wok market is segmented on the basis of material type, application, distribution channel, and region. On the basis of material type, the market is classified into carbon steel, cast iron, and aluminum. On the basis of application, the market is bifurcated into household and commercial. On the basis of distribution channel, the market is categorized into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channels. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They also focus on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the wok industry include Bajaj electricals limited, Zwilling J. A. Henckels, TTK prestige limited, Tramontina USA, Inc., Scanpan A/S, Calphalon, Cuisinart, Supor, Target brands, Inc., and Lodge cast iron.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wok market analysis from 2021 to 2031 to identify the prevailing wok market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the wok market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global wok market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material Type
- Carbon Steel
- Cast Iron
- Aluminum
By Application
- Household
- Commercial
By Distribution Channel
- Supermarkets Hypermarkets
- Convenience Stores
- Specialty Stores
- Online sales channel
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Rest of Europe
- Germany
- UK
- Russia
- France
- Itlay
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia And Newzeland
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- South Africa
- UAE
- Rest of LAMEA
Key Market Players
- Bajaj Electricals Ltd
- Zwilling J. A. Henckels
- TTK Prestige Limited
- Tramontina USA, Inc.
- Scanpan A/S
- Calphalon
- Cuisinart
- Supor
- Target Brands, Inc.
- Lodge Cast Iron
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
CHAPTER 4: WOK MARKET, BY MATERIAL TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Carbon Steel
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Cast Iron
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Aluminum
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: WOK MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Household
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Commercial
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: WOK MARKET, BY DISTRIBUTION CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Supermarkets & Hypermarkets
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Convenience Stores
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Specialty Stores
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Online sales channel
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
CHAPTER 7: WOK MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Material Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by Distribution Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Material Type
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by Distribution Channel
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Material Type
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by Distribution Channel
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Material Type
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by Distribution Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Material Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by Distribution Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Material Type
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by Distribution Channel
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Material Type
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by Distribution Channel
7.3.5.3 Russia
7.3.5.3.1 Market size and forecast, by Material Type
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by Distribution Channel
7.3.5.4 France
7.3.5.4.1 Market size and forecast, by Material Type
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by Distribution Channel
7.3.5.5 Itlay
7.3.5.5.1 Market size and forecast, by Material Type
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by Distribution Channel
7.3.5.6 Spain
7.3.5.6.1 Market size and forecast, by Material Type
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by Distribution Channel
7.3.5.7 Rest of Europe
7.3.5.7.1 Market size and forecast, by Material Type
7.3.5.7.2 Market size and forecast, by Application
7.3.5.7.3 Market size and forecast, by Distribution Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Material Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by Distribution Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Material Type
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by Distribution Channel
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Material Type
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by Distribution Channel
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Material Type
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by Distribution Channel
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Material Type
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by Distribution Channel
7.4.5.5 Australia And Newzeland
7.4.5.5.1 Market size and forecast, by Material Type
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by Distribution Channel
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Material Type
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by Distribution Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Material Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by Distribution Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Material Type
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by Distribution Channel
7.5.5.2 Turkey
7.5.5.2.1 Market size and forecast, by Material Type
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by Distribution Channel
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Material Type
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by Distribution Channel
7.5.5.4 UAE
7.5.5.4.1 Market size and forecast, by Material Type
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by Distribution Channel
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Market size and forecast, by Material Type
7.5.5.5.2 Market size and forecast, by Application
7.5.5.5.3 Market size and forecast, by Distribution Channel
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Bajaj Electricals Ltd
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Zwilling J. A. Henckels
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 TTK Prestige Limited
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Tramontina USA, Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Scanpan A/S
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Calphalon
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Cuisinart
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Supor
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Target Brands, Inc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Lodge Cast Iron
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
List of Tables
Table 1. Global Wok Market, by Material Type, 2021-2031 ($Million)
Table 2. Wok Market Size, for Carbon Steel, by Region, 2021-2031 ($Million)
Table 3. Wok Market for Carbon Steel, by Country, 2021-2031 ($Million)
Table 4. Wok Market Size, for Cast Iron, by Region, 2021-2031 ($Million)
Table 5. Wok Market for Cast Iron, by Country, 2021-2031 ($Million)
Table 6. Wok Market Size, for Aluminum, by Region, 2021-2031 ($Million)
Table 7. Wok Market for Aluminum, by Country, 2021-2031 ($Million)
Table 8. Global Wok Market, by Application, 2021-2031 ($Million)
Table 9. Wok Market Size, for Household, by Region, 2021-2031 ($Million)
Table 10. Wok Market for Household, by Country, 2021-2031 ($Million)
Table 11. Wok Market Size, for Commercial, by Region, 2021-2031 ($Million)
Table 12. Wok Market for Commercial, by Country, 2021-2031 ($Million)
Table 13. Global Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 14. Wok Market Size, for Supermarkets & Hypermarkets, by Region, 2021-2031 ($Million)
Table 15. Wok Market for Supermarkets & Hypermarkets, by Country, 2021-2031 ($Million)
Table 16. Wok Market Size, for Convenience Stores, by Region, 2021-2031 ($Million)
Table 17. Wok Market for Convenience Stores, by Country, 2021-2031 ($Million)
Table 18. Wok Market Size, for Specialty Stores, by Region, 2021-2031 ($Million)
Table 19. Wok Market for Specialty Stores, by Country, 2021-2031 ($Million)
Table 20. Wok Market Size, for Online Sales Channel, by Region, 2021-2031 ($Million)
Table 21. Wok Market for Online Sales Channel, by Country, 2021-2031 ($Million)
Table 22. Wok Market, by Region, 2021-2031 ($Million)
Table 23. North America Wok Market, by Material Type, 2021-2031 ($Million)
Table 24. North America Wok Market, by Application, 2021-2031 ($Million)
Table 25. North America Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 26. North America Wok Market, by Country, 2021-2031 ($Million)
Table 27. U.S. Wok Market, by Material Type, 2021-2031 ($Million)
Table 28. U.S. Wok Market, by Application, 2021-2031 ($Million)
Table 29. U.S. Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 30. Canada Wok Market, by Material Type, 2021-2031 ($Million)
Table 31. Canada Wok Market, by Application, 2021-2031 ($Million)
Table 32. Canada Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 33. Mexico Wok Market, by Material Type, 2021-2031 ($Million)
Table 34. Mexico Wok Market, by Application, 2021-2031 ($Million)
Table 35. Mexico Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 36. Europe Wok Market, by Material Type, 2021-2031 ($Million)
Table 37. Europe Wok Market, by Application, 2021-2031 ($Million)
Table 38. Europe Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 39. Europe Wok Market, by Country, 2021-2031 ($Million)
Table 40. Germany Wok Market, by Material Type, 2021-2031 ($Million)
Table 41. Germany Wok Market, by Application, 2021-2031 ($Million)
Table 42. Germany Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 43. UK Wok Market, by Material Type, 2021-2031 ($Million)
Table 44. UK Wok Market, by Application, 2021-2031 ($Million)
Table 45. UK Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 46. Russia Wok Market, by Material Type, 2021-2031 ($Million)
Table 47. Russia Wok Market, by Application, 2021-2031 ($Million)
Table 48. Russia Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 49. France Wok Market, by Material Type, 2021-2031 ($Million)
Table 50. France Wok Market, by Application, 2021-2031 ($Million)
Table 51. France Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 52. Itlay Wok Market, by Material Type, 2021-2031 ($Million)
Table 53. Itlay Wok Market, by Application, 2021-2031 ($Million)
Table 54. Itlay Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 55. Spain Wok Market, by Material Type, 2021-2031 ($Million)
Table 56. Spain Wok Market, by Application, 2021-2031 ($Million)
Table 57. Spain Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 58. Rest of Europe Wok Market, by Material Type, 2021-2031 ($Million)
Table 59. Rest of Europe Wok Market, by Application, 2021-2031 ($Million)
Table 60. Rest of Europe Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 61. Asia-Pacific Wok Market, by Material Type, 2021-2031 ($Million)
Table 62. Asia-Pacific Wok Market, by Application, 2021-2031 ($Million)
Table 63. Asia-Pacific Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 64. Asia-Pacific Wok Market, by Country, 2021-2031 ($Million)
Table 65. China Wok Market, by Material Type, 2021-2031 ($Million)
Table 66. China Wok Market, by Application, 2021-2031 ($Million)
Table 67. China Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 68. Japan Wok Market, by Material Type, 2021-2031 ($Million)
Table 69. Japan Wok Market, by Application, 2021-2031 ($Million)
Table 70. Japan Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 71. India Wok Market, by Material Type, 2021-2031 ($Million)
Table 72. India Wok Market, by Application, 2021-2031 ($Million)
Table 73. India Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 74. South Korea Wok Market, by Material Type, 2021-2031 ($Million)
Table 75. South Korea Wok Market, by Application, 2021-2031 ($Million)
Table 76. South Korea Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 77. Australia and Newzeland Wok Market, by Material Type, 2021-2031 ($Million)
Table 78. Australia and Newzeland Wok Market, by Application, 2021-2031 ($Million)
Table 79. Australia and Newzeland Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 80. Rest of Asia-Pacific Wok Market, by Material Type, 2021-2031 ($Million)
Table 81. Rest of Asia-Pacific Wok Market, by Application, 2021-2031 ($Million)
Table 82. Rest of Asia-Pacific Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 83. LAMEA Wok Market, by Material Type, 2021-2031 ($Million)
Table 84. LAMEA Wok Market, by Application, 2021-2031 ($Million)
Table 85. LAMEA Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 86. LAMEA Wok Market, by Country, 2021-2031 ($Million)
Table 87. Brazil Wok Market, by Material Type, 2021-2031 ($Million)
Table 88. Brazil Wok Market, by Application, 2021-2031 ($Million)
Table 89. Brazil Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 90. Turkey Wok Market, by Material Type, 2021-2031 ($Million)
Table 91. Turkey Wok Market, by Application, 2021-2031 ($Million)
Table 92. Turkey Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 93. South Africa Wok Market, by Material Type, 2021-2031 ($Million)
Table 94. South Africa Wok Market, by Application, 2021-2031 ($Million)
Table 95. South Africa Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 96. UAE Wok Market, by Material Type, 2021-2031 ($Million)
Table 97. UAE Wok Market, by Application, 2021-2031 ($Million)
Table 98. UAE Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 99. Rest of LAMEA Wok Market, by Material Type, 2021-2031 ($Million)
Table 100. Rest of LAMEA Wok Market, by Application, 2021-2031 ($Million)
Table 101. Rest of LAMEA Wok Market, by Distribution Channel, 2021-2031 ($Million)
Table 102. Bajaj Electricals Ltd.: Company Snapshot
Table 103. Bajaj Electricals Ltd.: Operating Segments
Table 104. Bajaj Electricals Ltd.: Product Portfolio
Table 105. Bajaj Electricals Ltd.: Net Sales
Table 106. Bajaj Electricals Ltd.: Key Strategies
Table 107. Zwilling J. A. Henckels: Company Snapshot
Table 108. Zwilling J. A. Henckels: Operating Segments
Table 109. Zwilling J. A. Henckels: Product Portfolio
Table 110. Zwilling J. A. Henckels: Net Sales
Table 111. Zwilling J. A. Henckels: Key Strategies
Table 112. Ttk Prestige Limited: Company Snapshot
Table 113. Ttk Prestige Limited: Operating Segments
Table 114. Ttk Prestige Limited: Product Portfolio
Table 115. Ttk Prestige Limited: Net Sales
Table 116. Ttk Prestige Limited: Key Strategies
Table 117. Tramontina Usa, Inc.: Company Snapshot
Table 118. Tramontina Usa, Inc.: Operating Segments
Table 119. Tramontina Usa, Inc.: Product Portfolio
Table 120. Tramontina Usa, Inc.: Net Sales
Table 121. Tramontina Usa, Inc.: Key Strategies
Table 122. Scanpan A/S: Company Snapshot
Table 123. Scanpan A/S: Operating Segments
Table 124. Scanpan A/S: Product Portfolio
Table 125. Scanpan A/S: Net Sales
Table 126. Scanpan A/S: Key Strategies
Table 127. Calphalon: Company Snapshot
Table 128. Calphalon: Operating Segments
Table 129. Calphalon: Product Portfolio
Table 130. Calphalon: Net Sales
Table 131. Calphalon: Key Strategies
Table 132. Cuisinart: Company Snapshot
Table 133. Cuisinart: Operating Segments
Table 134. Cuisinart: Product Portfolio
Table 135. Cuisinart: Net Sales
Table 136. Cuisinart: Key Strategies
Table 137. Supor: Company Snapshot
Table 138. Supor: Operating Segments
Table 139. Supor: Product Portfolio
Table 140. Supor: Net Sales
Table 141. Supor: Key Strategies
Table 142. Target Brands, Inc.: Company Snapshot
Table 143. Target Brands, Inc.: Operating Segments
Table 144. Target Brands, Inc.: Product Portfolio
Table 145. Target Brands, Inc.: Net Sales
Table 146. Target Brands, Inc.: Key Strategies
Table 147. Lodge Cast Iron: Company Snapshot
Table 148. Lodge Cast Iron: Operating Segments
Table 149. Lodge Cast Iron: Product Portfolio
Table 150. Lodge Cast Iron: Net Sales
Table 151. Lodge Cast Iron: Key Strategies
List of Figures
Figure 1. Wok Market Segmentation
Figure 2. Wok Market, 2021-2031
Figure 3. Wok Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Wok Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Wok Market, By Material Type, 2021(%)
Figure 14. Comparative Share Analysis of Carbon Steel Wok Market, 2021-2031(%)
Figure 15. Comparative Share Analysis of Cast Iron Wok Market, 2021-2031(%)
Figure 16. Comparative Share Analysis of Aluminum Wok Market, 2021-2031(%)
Figure 17. Wok Market, By Application, 2021(%)
Figure 18. Comparative Share Analysis of Household Wok Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Commercial Wok Market, 2021-2031(%)
Figure 20. Wok Market, By Distribution Channel, 2021(%)
Figure 21. Comparative Share Analysis of Supermarkets & Hypermarkets Wok Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Convenience Stores Wok Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Specialty Stores Wok Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Online Sales Channel Wok Market, 2021-2031(%)
Figure 25. Wok Market by Region, 2021
Figure 26. U.S. Wok Market, 2021-2031($Million)
Figure 27. Canada Wok Market, 2021-2031($Million)
Figure 28. Mexico Wok Market, 2021-2031($Million)
Figure 29. Germany Wok Market, 2021-2031($Million)
Figure 30. Uk Wok Market, 2021-2031($Million)
Figure 31. Russia Wok Market, 2021-2031($Million)
Figure 32. France Wok Market, 2021-2031($Million)
Figure 33. Itlay Wok Market, 2021-2031($Million)
Figure 34. Spain Wok Market, 2021-2031($Million)
Figure 35. Rest of Europe Wok Market, 2021-2031($Million)
Figure 36. China Wok Market, 2021-2031($Million)
Figure 37. Japan Wok Market, 2021-2031($Million)
Figure 38. India Wok Market, 2021-2031($Million)
Figure 39. South Korea Wok Market, 2021-2031($Million)
Figure 40. Australia and Newzeland Wok Market, 2021-2031($Million)
Figure 41. Rest of Asia-Pacific Wok Market, 2021-2031($Million)
Figure 42. Brazil Wok Market, 2021-2031($Million)
Figure 43. Turkey Wok Market, 2021-2031($Million)
Figure 44. South Africa Wok Market, 2021-2031($Million)
Figure 45. Uae Wok Market, 2021-2031($Million)
Figure 46. Rest of LAMEA Wok Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Bajaj Electricals Lt.: Net Sales, ($Million)
Figure 54. Zwilling J. A. Henckel.: Net Sales, ($Million)
Figure 55. Ttk Prestige Limite.: Net Sales, ($Million)
Figure 56. Tramontina Usa, Inc.: Net Sales, ($Million)
Figure 57. Scanpan A/.: Net Sales, ($Million)
Figure 58. Calphalo.: Net Sales, ($Million)
Figure 59. Cuisinar.: Net Sales, ($Million)
Figure 60. Supo.: Net Sales, ($Million)
Figure 61. Target Brands, Inc.: Net Sales, ($Million)
Figure 62. Lodge Cast Iro.: Net Sales, ($Million)
Executive Summary
According to the report, “Wok Market," the wok market was valued at $1.7 billion in 2021, and is estimated to reach $3 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.The wok market size is mostly driven by the increase in residential and hospitality kitchens. Over the past few years, there has been an increase in residential and hospitality kitchens that are smaller and more efficient. Moreover, the increase in the catering and hotel industry at the global level because of the increased popularity of dinner out among working-class individuals. The rising standard of living and adoption of trendy cookware products have diversified the scope for wok industry manufacturers. Consumer disposable incomes have been rising in several developing regions, such as the Asia Pacific, creating many wok market opportunities for producers to raise their product prices.
For market players, the wok market in North America and Europe has significant growth potential. Wok market trends is primarily driven by a lot of people being inspired to try new foods by TV shows, especially housewives. As a result, cookware products are used more frequently at home. Moreover, health and wellness awareness has grown, and nutritious home cooking suffered during the start of the epidemic. Furthermore, due to Increasing awareness among end-users regarding the advantages of cast iron cookware is anticipated to present appealing commercial chances.
There are many local manufacturers in the market that sell woks made on their own with a different trademark symbol or different company name. Because of this, the overall quality of the products affects as counterfeit products often have poor workmanship and materials. Product quality is important because it affects the success of the company and helps establish its reputation in customer markets. It is a key factor limiting wok market growth.
The wok market analysis is segmented on the basis of material type, application, distribution channel, and region. On the basis of material type, the market is segmented into carbon steel, cast iron, and aluminum. The carbon steel segment accounted for a major wok market share in 2021 and is expected to grow at a significant CAGR during the wok market forecast period. Carbon steel is simpler to lift and heat up faster because of its small weight. The price, style, and quality of carbon steel woks can vary significantly on the basis of ply and forming procedures. The lowest quality steel woks are often made from a single "ply," or piece, of steel that are mechanically stamped.
By application, the market is segmented into household and commercial. The commercial segment is accounted for a major share of the market in 2021 and it is expected to grow at a significant CAGR during the forecasted period. In order to properly equip your kitchen, a commercial wok is necessary. Noodles, stir-fries, and a variety of other meals can be produced in large quantities in woks.
As per distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channels. The specialty stores segment accounted for a major share of the market in 2021 and it is expected to grow at a significant CAGR during the forecast period. Small retail establishments known as specialty stores specialize in the sale of a certain product line and related goods. In addition to offering customers superior service quality and professional advice, the majority of specialty store business operators maintain considerable depth in the type of goods that they specialize in selling, typically at premium pricing.
In 2021, Asia-Pacific accounted for 39.7% share in the wokmarket and is expected to maintain its dominance during the forecast period. However, North America and Europe are expected to possess the highest CAGRs, owing to the growing consumer awareness of the value of healthy living and an increase in television programs featuring food and recipes.
Exporters in both developed and developing nations faced a number of difficulties as a result of the COVID-19 epidemic. The implementation of lockdown and curfew procedures on a global scale had an impact on both domestic and foreign manufacturers of Woks, which in turn hindered market expansion. As a result, the COVID-19 epidemic had a negative influence on the Wok market in 2020 as a result of decreased company sales and operations being suspended.
The major players analyzed for the Wok industry are Bajaj electricals limited, Zwilling J. A. Henckels, TTK prestige limited, Tramontina USA, Inc., Scanpan A/S, Calphalon, Cuisinart, Supor, Target Brands, Inc., and Lodge cast iron.
Key Findings of the Study
- By material type, the carbon steel segment was the highest revenue contributor to the market, with $680.6 million in 2021, and is estimated to reach $1,157.5 million by 2031, with a CAGR of 5.5%.
- Depending on the application, the commercial segment was the highest revenue contributor to the market, with $1,020.5 million in 2021, and is estimated to reach $1,810.80 million by 2031, with a CAGR of 6.0%
- As per distribution channel, the Specialty Stores segment was the highest revenue contributor to the market, with $574.3 million in 2021, and is estimated to reach $991.2 million by 2031, with a CAGR of 5.7%.
- Region-wise, Asia-Pacific was the highest revenue contributor, accounting for $655.2 million in 2021, and is estimated to reach $1,159.4 million by 2031, with a CAGR of 5.9%.
Companies Mentioned
- Bajaj Electricals Ltd
- Zwilling J. A. Henckels
- TTK Prestige Limited
- Tramontina USA, Inc.
- Scanpan A/S
- Calphalon
- Cuisinart
- Supor
- Target Brands, Inc.
- Lodge Cast Iron
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 273 |
| Published | September 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1650.4 million |
| Forecasted Market Value ( USD | $ 3011.5 million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
