OVERVIEW
According to the last update in January 2022, the market for kitchenware in Southeast Asia, including Vietnam, was experiencing significant growth due to several factors:
Rapid Urbanization and Lifestyle Changes: As Southeast Asian countries experience urbanization and rising disposable incomes, there’s an increasing demand for modern kitchenware and appliances that offer convenience and efficiency.
Influence of Western Lifestyles: The influence of Western lifestyles, cooking shows, and culinary trends has led to a greater interest in cooking at home, which in turn fuels the demand for kitchenware and gadgets.
E-commerce Growth: The rise of e-commerce platforms has made it easier for consumers to access a wide variety of kitchenware products. Platforms like Lazada, Shopee, and others have made it convenient for people in Southeast Asia to shop for kitchenware online.
Tourism and Hospitality Industry: The thriving tourism and hospitality industries in countries like Vietnam have also contributed to the demand for kitchenware, as hotels, restaurants, and catering services require quality equipment and utensils.
Shift Towards Healthier Lifestyles: With an increasing focus on health and wellness, there’s a growing demand for kitchenware that supports healthier cooking methods, such as air fryers, steamers, and other innovative appliances.
Vietnam, in particular, is witnessing significant growth in its kitchenware market due to its expanding middle class and improving living standards. The country’s kitchenware market is diverse, offering various products from basic utensils to high-end appliances. Ceramic, stainless steel, and non-stick cookware are popular choices among consumers.
Local manufacturing of kitchenware has also been on the rise in Vietnam, meeting both domestic demand and contributing to export opportunities to neighboring countries in Southeast Asia. Additionally, the government’s initiatives to promote manufacturing and industrial growth have also positively impacted the kitchenware market.