In 2023, the global porcelain tableware market is poised to exceed USD 9,305.2 million, with projections indicating a rise to USD 19,178.3 million by 2033. Over the period from 2023 to 2033, it is expected to escalate at a compound annual growth rate (CAGR) of 7.5%. The share of porcelain tableware within its parent tableware market is estimated to range from 20% to 25%. These figures highlight the significant growth potential and market presence of porcelain tableware, driven by factors such as increasing demand for premium dining experiences and the durability and aesthetic appeal of porcelain products.
Porcelain tableware adds elegance to any setting, making luxury porcelain dinnerware a preferred choice. Porzellanmanufaktur FURSTENBERG GmbH, based in Germany, specializes in producing luxury porcelain dinnerware. The company has supplied dinnerware to prestigious establishments such as Rosewood in India, Hyatt in Abu Dhabi, and Lalique in Amsterdam.
However, maintaining porcelain tableware is costly, with production costs often exceeding budgets.
The hotellerś also use dishes that bear their identifier, thus serving as their signature. Furthermore and just to indicate that such containers have a distinct appearance.
Apart form the shifts in attitude of several households, the trend is fast catching up by many households. They are buying personalized ceramic plates and dinnerware. Serving wares, dining ware, and tea wares could be among them. Porcelain is an advantage that it is not emitting the BPA (bisphenol A) and phthalates when the food is hot.
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.
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.
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.
The Key Players Are:
Bernardaud; Villeroy and Boch AG; Noritake Co. Ltd; Guangdong Songfa Ceramics Co., ltd; Degrenne; Fiskars Group; ROSENTHAL GMBH; Staatliche Porzellan-Manufaktur Meissen GmbH; Steelite International; Tognana Porcelain; Dankotuwa Porcelain PLC; ROYAL FERNWOOD PORCELAIN LTD; Porvasal SA; Lenox; Others
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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.
About Future Market Insights (FMI)
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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