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Dublin, July 6, 2021 (Global News Service) – “U.S.-wide cookware market size, share, and trend analysis report by price range, size (24 inches, 30 inches, and more than 30 inches), applications (residential, commercial), distribution channels (online, offline), and market segment forecasts , 2021-2028” Report has been added to ResearchAndMarkets.com provide.
By 2028, the US-wide cookware market is expected to reach 2.66 billion U.S. dollars, with a compound annual growth rate of 7.7% during the forecast period.
Deploying stylish and practical appliances in kitchens with multifunctional characteristics is a continuing trend in the residential sector. This, combined with the trend of transforming houses to build and accommodate modular kitchens, has led to a fast-paced adoption of products in the country.
Consumers focus on attracting higher resale value from renovation projects, which has also promoted the prominent position of stoves in the family. For example, the renovation of a small kitchen can bring an average of 81.1% of the reuse cost, while the renovation of a large kitchen can bring a cost return of 59%. Therefore, consumers are relaxing their wallets by installing advanced cooking utensils and building high-end kitchens for their homes.
The growing trend of dining out has led to an increase in the number of restaurants, hotels, resorts, food stations and other commercial restaurants across the country. Consumers seek high-quality and delicious food with the shortest waiting time, which is eye-catching…
The full story on Benzinga.com
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