The global tableware market is experiencing robust growth, projected to reach a valuation of US$ 47 billion in 2023. With a promising CAGR of 14% from 2023 to 2033, the market is expected to exceed US$ 81.8 billion by the end of the forecast period. The rising demand for ceramic dinnerware in households and the hospitality sector contributes to the significant share held by the ceramic segment.
Changing lifestyles, increasing disposable income, and the introduction of low-cost ceramic ware further drive market growth. Tableware, including cutlery, glassware, serving dishes, and various accessories, is widely used for both practical and decorative purposes, catering to diverse food chains and cultural preferences.
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The demand for tableware is also expanding as a result of increasing home remodeling projects, and modular kitchen installations in tier 2 cities. The sales of tableware might increase further with the fast expansion of the tourism and hospitality industry supported by paying guests and home décor arrangements. Additionally, the growing number of hotel, restaurant, and cafe (Horeca) businesses is also moderately boosting the need for tabletop items these days.
Tableware makers nowadays are concentrating on designs inspired by Mexican folk art and Turkish antiquities, which could offer great opportunities in the future. Meanwhile, the growing demand for ceramic and bone china tableware is projected to continue the rise of China market through the forecast years.
Key Takeaways from the Tableware Market Study Report
- Traditionally the demand for different types of tableware is always great in the countries of Europe. In the year 2022, all the countries in Europe together held a 36.4% share of the global market.
- Among the countries of Europe, Germany is the leading producer of tableware and was figured out to have contributed to 4.6% global market share. On the other hand, the demand for tableware in the United Kingdom is projected to exhibit a high CAGR of 2.3% through 2033.
- Based on total tableware business within territorial boundaries, the United States of America leads the market that held 16.1% of the global revenue in 2022. However, the total contribution of North American region is lower than Europe and it held a market share of 30.7% that year.
- Japan is a well-known country for its supply of tableware for a long and in the year 2022. It contributed 11.1% to global revenue share.
- China and India are recently gaining traction in sales of tableware and are anticipated to exhibit 7.4% and 8% CAGRs respectively through 2033.
Competitive Landscape for the Tableware Market Players
The overall industry has moderate to high entry barriers owing to the existence of some giant market participants and the need for substantial setup costs.
The fragmentation of the global market is expected to increase over the course of the projected period with the emergence of new regional players. Such start-ups and new players are promptly creating their market positions in the slow-growing sectors while concentrating mainly on local demands. They are also resorting to possibilities in the notably-growing segments such as online sales channels to take advantage of the chances.
A few other popular business techniques of design innovation and the adoption of high-quality materials have produced attractive prospects for tableware producers worldwide. Online distribution channels for tableware are steadily growing throughout the world assisting manufacturers and suppliers in this sector to market their goods online
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Ceramic Tableware Segment to be the Key Driver of the Global Tableware Market
In comparison to many other materials, ceramic tableware is the most preferred tableware material as it can easily be cleaned and are stain-resistant. The ceramic segment is expected to have the largest share in the global tableware market in 2021.
Sales are driven by increasing preference to have their dinnerware of ceramic for household purposes. Also, demand for ceramic ware will surge among hotels and restaurants to add a unique and personal touch.
In addition, changing lifestyle, increasing disposable income, and introduction of low-cost ceramic ware will boost the ceramic tableware segment.
Global Tableware Market Landscape
The key players in the global tableware industry are concentrating on providing lighter-weight and more environmentally friendly packaging. Some of these key players are
Lenox Corporation,
Abert SpA,
Anhui Deli Household Glass Co., Ltd.,
Meyer Corporation Group,
Saint-Louis,
Steelite International plc,
Raynaud Limoges,
ARC International SA,
Villeroy & Boch AG,
Noritake Co.,
Limited,
Lifetime Brands, Inc.,
La Opala RG Limited,
Stölzle-Oberglas GmbH,
The Oneida Group, Inc.,
Dankotuwa Porcelain PLC.
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Global Tableware Market by Category
By Material:
Glass
Ceramic
Metal
Others (Plastic, Fiber, Wood, etc.)
By Distribution Channel:
Online
Offline
By Product:
Plates
Bowls
Cups
Trays
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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