Industry Analysis & Industry Trends
Kitchen and cookware stores in Australia have dished out hot and cold results during the past five years. Industry performance deteriorated in 2008-09 as weak economic conditions eroded consumer sentiment and household spending. Despite this, demand was bolstered by a strong uptake in cooking activities by Australians thanks to the popularity of various TV cooking programs and the desire to cook and eat more healthily. As older people tend to cook more of their meals at home, an ageing Australian population is expected to have driven revenue growth in the industry as well. These factors are expected to drive revenue growth of 2.7% in 2013-14.
Australians have been spending more on their houses and kitchens... purchase to read more
Industry Report - Industry Products Chapter
Products in the Kitchen and Cookware Stores industry predominantly revolve around equipment and utensils used within the kitchen for the preparation of food.
The cookware segment makes up the largest share of the products offered by the industry, accounting for an estimated 39.8% of industry revenue. This product segment mainly accounts for core goods used in cooking such as pots and pans, woks, grill pans and boilers. IBISWorld expects that over the five years through 2013-14, this product segment's contribution to the overall industry will remain relatively stagnant, despite pots and pans being typically expensive and necessary for cooking. This is a result of innovations making products sturdier and in lesser need of repair or replacement... purchase to read more