Market Trends of Netherlands Cookware Industry
This section covers the major market trends shaping the Netherlands Cookware Market according to our research experts:
Increasing Disposable Income
Netherlands Annual Household Income per Capita reached USD 40,048.820 in December 2021, compared with the previous value of USD 38,553.874 in Dec 2020. The average household net adjusted disposable income per capita is USD 34,984 a year. High GDP often goes hand in hand with high disposable income. Nevertheless, the ranking for per capita disposable income is not the same as that for per capita GDP. Of the European countries, the Netherlands occupies the fifth place in 2021. In terms of employment, about 78% of people aged 15 to 64 in the Netherlands have a paid job.
Growing Urbanization is Driving the Market
The market's expansion was supported by ongoing urbanization, which contributed to an expanding middle class and a growing demand for convenience amid hectic urban lifestyles. Demand for kitchen cookware is seen more in the urban market, especially in high-tier cities. Growing urbanization and product up-gradation are also some of the key factors for the growth of the kitchen cookware market. As of 2021 the population of Netherlands is 1.7 Crore out of which 1.5 crore live in urban areas. Rising urbanization levels drive demand for luxury and premium apartments, building a positive outlook for premium kitchen appliances and the use of luxury cookware. An increase in surplus money and the growing number of working populations in urban societies are anticipated to drive the demand for kitchen appliances. High-income groups are a potential target segment for lifestyle products. Changing lifestyles of the people due to the rising disposable income amplifies the demand for kitchen appliances and luxury cookware
