By 2023, the size of the global market for porcelain tableware will have surpassed US$ 9,305.2 million. By 2033, it would be worth US$ 19,178.3 million. It would increase between 2023 and 2033 at a CAGR of 7.5%. In its parent tableware market, porcelain tableware has a 20% to 25% share.
Hotels do have a liking towards dishes that bear their name. In addition to that, unique shaped containers do have a peculiar style.
Several households also adopt the same trend nowadays. They choose individualistic porcelain dishes. Such products can include table settings, dining sets and tea wares. Porcelain has the main advantage that it does not release BPA (bisphenol A) and phthalates due to contacting with hot food.
The place is made elegant by porcelain dishes. It’s on these grounds that people prefer luxury porcelain dinnerware. FURSTENBERG GmbH does manufacture products of true luxury porcelain dinnerware. It is headquartered in Germany. It has also provided dinnerware for Rosewood in India, Hyatt in Abu Dhabi and Lalique in Amsterdam.
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However, maintaining porcelain tableware is an expensive affair as the production cost itself could go way beyond budget.
Future Market Insights has entailed these findings with future perspectives in its latest market study entitled ‘Porcelain Tableware Market’. It has its team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
“With personal touch given to porcelain tableware on-demand, the global porcelain tableware market is expected to grow on a stupendous note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Porcelain Tableware Market
- The Asia-Pacific holds the largest market share with countries like Bangladesh, India, and China leading from the front. This could be credited to strong distribution on the part of distribution channels herein.
- Europe holds the second-largest market share with the UK and France asking for contemporary style and organic porcelain tableware.
- North America is expected to grow in the porcelain tableware market on the back of rising demand for porcelain tableware in tourism, hospitality, and leisure verticals. It needs to be noted that food and hotel sectors do ask for porcelain dinnerware.
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Competitive Porcelain Tableware
- Boch AG, in 2020, collaborated with Villeroy for acquiring Ideal Standard (a Bulgaria-based company dealing with bathroom wares). Initially, both the companies had entered into partnership with genesis Luxury Fashion Pvt. Ltd. for expanding sales in India.
- Fiskars Group, in 2021, entered into partnership with Moomins and Rights & Brands to enhance their shared international growth.
- Lenox Corporation, in 2021, completed acquisition of Oneida Consumer LLC. This deal is inclusive of the latter’s consumer-branded tableware products inclusive of flatware, dinnerware, and cutlery. The former, through this acquisition, did expand the brand portfolio, emphasizing increasing presence across every retail channels.
- MEISSEN Company, in 2020, did develop popular ‘Seahorse’ motif used on platter, vase, and mug for the very first time. The complete service comprises a platter with lobster décor with vase abreast with fish motif.
What does the Report state?
- The research study is based on product type (plates, bowls & containers, cups & glasses, trays & clamshell, mugs & jars, and likewise (dinnerware set)), price range (mass and premium), and distribution channel (HoReCa (Hotels/Restaurants/Cafes), residential/households (modern trade, mono brand stores, specialty stores, online retailers, and other channels)).
- With customized products getting popular, customized porcelain tableware is expected to grow by leaps and bounds in the forecast period.
Porcelain Tableware Market Outlook by Category
By Product Type:
- Plates
- Bowls & Containers
- Cups & Glasses
- Trays & Clamshell
- Mugs & Jars
- Others (Dinnerware Set)
By Price Range:
- Mass
- Premium
By Distribution Channel:
- Hotel/Restaurant/Café (HORECA)
- Residential/Households
- Modern Trade
- Mono Brand Stores
- Specialty Stores
- Online Retailers
- Other Channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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