The USA would account for over 63.2% of market share in North America through 2023. Commercial applications are likely to be the most engaging section of the market.
The Global Porcelain Tableware Market is worth US$ 9.3 Billion as of now and expected to reach US$ 19.18 Billion by the year 2033 at a CAGR of 7.5% between 2023 and 2033.
Hotels do prefer to use dishes wherein their names are engraved/printed. Plus, exclusively designed containers do impart them a distinctive look.
Several households are also following the same trend these days. They are opting for personalized porcelain tableware. They could include serve ware, dining sets, and tea ware. The major advantage of porcelain is that it does not emit BPA (bisphenol A) and phthalates on coming in touch with hot food.
Porcelain tableware also gives elegance to the place. On these grounds, luxury porcelain dinnerware is preferred. Porzellanmanufaktur FURSTENBERG GmbH does produce luxury porcelain dinnerware. It is based out of Germany. It has supplied dinnerware to 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
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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