Consumer Goods & Retail

Global Tableware Market

February 25, 2022
ID: SR/CG-96
Format:Pdf
Pages:220

Global Tableware Market, By Product Type (Glassware, Metalware, Ceramicware, and Fiberware), By Application (Household Purpose and Commercial Purpose), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Wholesalers, Online Store, and Others) and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2028.

Description

The Global Tableware Market size was valued at USD 43.5 Billion in 2021 and is expected to reach USD 55.4 Billion with a CAGR of 4.1% in 2022-2028. Rapid urbanization, improving living standards with rising disposable income, economic growth in emerging countries and the development of attractive tableware are the primary factors accelerating the growth of the global tableware market during the forecast period. Moreover, the increasing global population and growing adoption of westernization culture among nuclear families has boosted the growth of the Global Tableware Market.

What is Tableware?

Tableware refers to any dish or dishware used for setting the table, serving food, and dining. It includes cutlery, glassware, serving dishes, containers, spoons and forks, and various accessories for practical and decorative purposes. The quality, nature, and number of tableware objects can vary based on culture, religion, the number of diners, cuisine and occasion. The cutlery is mainly silverware, including knives and cutting instruments, forks, spoons, and other silverware items. Ceramic tableware is usually made of clay such as bone china, porcelain, melamine and stoneware and is widely used to add a unique and personal touch to restaurants, hotels and even in homes. This ceramic beverageware is leak-proof, and it is most idyllic for hot and cold beverages such as tea, soup and curd and can easily be clean and stain-resistant.

Growth Driver

Economic growth in emerging countries and the development of appealing tableware

The growing residential sector and increasing urbanization are prominent factors as it leads to change in purchasing behavior of the consumer group. The people living in cities have increasingly adopted the westernization culture among various emerging countries, propelling the demand of the global tableware market. The customers’ rapid lifestyle changes and trends have substantially increased the tableware market, mainly in developing countries. Further, the growing commercial sectors, mainly the hospitality sector, have upgraded their products and services to anticipate the tableware market’s growth. Furthermore, the rapidly increasing number of home renovation projects, the growing number of household units and the rapid increase in the installation of modular kitchens are anticipated to support the growth of the Global Tableware Market during the forecast period.

Furthermore, the growing commercial sectors, especially the hospitality sector in developing countries such as India and China, due to increasing start-ups such as Oyo rooms and FabHotels, are influencing the growth of the global tableware market. However, the use of disposable plates in hotels and restaurants due to their availability at a low cost, the low durability of ceramic tableware and the high pricing of good quality products are expected to hinder the growth of the global tableware market during the forecast period.

Pre-Covid-19 impact on Global Tableware Market

Rapid urbanization and increasing disposable income among consumers have stimulated the growth of the global tableware market in the pre-COVID era. As more people move to cities and experience the influence of westernization, tableware becomes an important part of encouraging cultural mobility to what is considered upward mobility when it comes to tableware. Furthermore, the hospitality industry is increasing robustly, and huge investments are being made in this sector. Further, the growing number of start-ups has increased greatly in the past few years. This has made the other industry players in hospitality upgrade their products and services to promote the tableware market globally.

Covid-19 impact on Global Tableware Market

The COVID-19 pandemic has significantly hit the overall growth of the global tableware industry market in 2021 across the globe. The pandemic has severely affected every business segment due to various government norms such as nationwide lockdown and complete shutdown of manufacturing facilities across the globe. Furthermore, the complete shutdown of restaurants and the hotel industry has slowed down the demand for tableware. The interruption in the supply chain of raw materials and non-availability of the workforce has halted the operations among manufacturing industries in developing and developed countries which have significantly impacted the growth of the Tableware market.

Post Covid-19 impact on Global Tableware Market

The continuous growth of the commercial sector, especially the restaurant and the hotel industry among emerging countries such as Saudi Arabia, Thailand, India and China, will stimulate the growth of the global tableware market in the coming years. Furthermore, the continuous economic growth, rising consumer income, and increasing consumer spending on luxury household products are anticipated to accelerate the growth of the global tableware market during the forecast period.

Product Type Segmental Analysis

Based on the Product Type, the Global Tableware Market is categorized into Glassware, Metalware, Ceramicware, and Fiberware. The Metalware segment is expected to have the largest share in the global Tableware market in 2021 due to increasing consumer preference to have their dinnerware of metal for household purposes. The emerging economies such as India and China are widely using glasses and stands made up of stainless steel, resulting in the increasing demand of the Metalware segment in the coming years. Furthermore, the Ceramicware segment is expected to witness significant growth in the coming years. This growth is attributable to the increasing demand for Ceramicware among hotels and restaurants to add a unique and personal touch. In addition, changing lifestyle, increasing disposable income, and introduction of low-cost Ceramicware will further boost the growth of the Global Ceramic Tableware Market.

Application Segmental Analysis

The Global Tableware Market is segregated into Household Purpose and Commercial purposes based on the Application. The Household purpose segment is expected to hold the highest share in the global tableware market during the forecast period. The increasing population, rising disposable income, and demand for luxury household products have increased the global demand for tableware. Furthermore, the commercial purpose segment is expected to have significant growth in the global tableware market in the coming years due to the increasing number of hotels and restaurants, increasing preference of consumers towards dine-out, and rapid growth of the tourism industry across the globe.

Distribution Channel Segmental Analysis

Based on the Distribution Channel, the Global Tableware Market is segregated into Supermarkets and Hypermarkets, Specialty Stores, Wholesalers, Online Stores, and Others. The Supermarkets and Hypermarkets segment is expected to hold the highest share in the global portable laser scanner market during the forecast period. The supermarkets and hypermarkets offer consumers a wide range of products and allow freedom to choose products according to their needs. Furthermore, the increasing adoption of innovative strategies among supermarkets and hypermarkets to satisfy customer needs will further increase the segment’s growth in the global tableware market during the forecast period.

The online segment is expected to witness significant growth in the Global Tableware Market during the forecast period. The increasing insight of the internet and smartphones, shifting preference of consumers towards online shopping, increasing presence of various leading e-commerce platforms offering a wide range of products with free delivery and huge discount offers are the primary factors driving the growth of the online segment in the Global Tableware Market.

Region Segmental Analysis

The Tableware market is characterized by North America, Europe, Asia Pacific, South America, and Middle East & Africa. The European region is expected to dominate the Tableware Market and continue this growth rate during the forecast period, 2022-2028. This growth is attributable to the rapid expansion of the hospitality industry among various European countries, including France, Italy, and Germany, and usage of different types of tableware and increased spending power of the consumer group. Furthermore, the emerging countries of the Asia Pacific region, such as India and China, are the major contributors to the Tableware Market’s growth due to the increasing millennial population, rising disposable income, increasing consumer spending on luxury household products in the region.

Competitor Analysis

Companies include Meyer Corporation Group, Inter Ikea group, Tesco.com, Cuisinart, Saint-Louis, Mikasa, Raynaud Limoges, Bernardaud, Waterford Wedgewood, Puiforcat, Tableware Private Limited, Vyline Glassworks Limited, and other prominent players are the key players in the Tableware market.

Key Stakeholders

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 43.5 Billion
The revenue forecast in 2028	USD 55.4 Billion
Growth Rate	CAGR of 4.1% from 2022 to 2028.
Historical data	2018 – 2021
Forecast period	2022 – 2028
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Meyer Corporation Group, Inter Ikea group, Tesco.com, Cuisinart, Saint-Louis, Mikasa, Raynaud Limoges, Bernardaud, Waterford Wedgewood, Puiforcat, Tableware Private Limited, Byline Glassworks Limited, and other prominent players.

Market Modelling

By Product Type

Glassware
Metalware
Ceramicware
Fiberware

By Application

Household Purpose
Commercial Purpose

By Distribution Channel

Supermarkets and Hypermarkets
Specialty Stores
Wholesalers
Online Stores
Others

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is Tableware?

What is the growth rate of the Tableware market?

The global Tableware market size was valued at USD 43.5 Billion in 2021 and is expected to reach USD 55.4 Billion with a CAGR of 4.1% in 2022-2028.

What are the driving factors for the global Tableware market?

Rapid urbanization, improving living standards with rising disposable income, economic growth in emerging countries and the development of attractive tableware are the primary factors accelerating the growth of the global tableware market during the forecast period.

Which region is expected to have the largest share in global tableware?

The European region is expected to dominate the Tableware market, followed by the Asia Pacific due to the rapid urbanization and increasing consumer disposable income.

Who are the major players in global tableware?

Companies include Meyer Corporation Group, Inter Ikea group, Tesco.com, Cuisinart, Saint-Louis, Mikasa, Raynaud Limoges, Bernardaud, Waterford Wedgewood, Puiforcat, Tableware Private Limited, Byline Glassworks Limited, and other prominent players.

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Global Tableware Market

What is Tableware?

Growth Driver

Economic growth in emerging countries and the development of appealing tableware

Pre-Covid-19 impact on Global Tableware Market

Covid-19 impact on Global Tableware Market

Post Covid-19 impact on Global Tableware Market

Product Type Segmental Analysis

Application Segmental Analysis

Distribution Channel Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Scope of the Report

Market Modelling

Report Content

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