The global tableware market is on a steady growth trajectory, projected to reach US$ 81.8 billion by 2033. This translates to a Compound Annual Growth Rate (CAGR) of 14% from 2023 to 2033, according to a new report by Future Market Insights (FMI).
The Enduring Allure of Ceramics
The ceramic tableware segment is expected to maintain a dominant market share throughout the forecast period. This popularity is fueled by the growing demand for elegant and durable dinnerware sets for both home and hospitality use. Increasing disposable income and the introduction of more affordable ceramic options are further propelling segment growth.
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More Than Just Functionality
Tableware encompasses a wide range of items beyond plates and bowls, including cutlery, glassware, serving dishes, and various other functional and decorative accessories. Cultural influences, dining preferences, and the type of cuisine all play a role in shaping tableware choices.
Urbanization Fuels Demand
The expanding residential sector and ongoing urbanization are leading to a shift in purchasing behavior. Consumers, particularly in metropolitan areas, are embracing Western cultural influences, which include a growing appreciation for stylish and functional tableware.
Tourism Industry Boosts Sales
The global tourism industry is a significant driver of tableware demand. The rapid expansion of hotels and other accommodation establishments necessitates a constant supply of high-quality tableware to cater to their guests.
Going Green at the Table
Rising environmental concerns are prompting tableware manufacturers to explore eco-friendly options. Biodegradable materials are gaining traction as consumers become more conscious of their impact on the environment. Companies are recognizing the potential of sustainable packaging and tableware to enhance brand image and appeal to environmentally conscious customers.
Growth Drivers
- Rising disposable income and improving living standards, particularly in emerging economies.
- Increasing urbanization and adoption of Western dining culture.
- Growth of the tourism and hospitality industry.
- Growing consumer interest in eco-friendly and sustainable tableware.
Future Opportunities
- Development of innovative, eco-friendly materials with sufficient strength and durability for tableware applications.
- Continued expansion of online sales channels for tableware.
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The US Market: A Hub of Innovation
The United States tableware market is poised for significant growth, driven by advancements in material technology and product development. FMI estimates that the US market surpassed US$ 7.1 billion in 2022, accounting for roughly 16.1% of the global market share. Continued innovation in areas like ceramic dinnerware sets is expected to further propel market growth in the US.
Key Companies Profiled
- 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.
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 over 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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