Tabletop Kitchen Products Market Worth $59.81 Billion By 2030
Tabletop Kitchen Products Industry Overview
The global tabletop kitchen products market size was valued at USD 41.68 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030. The rising adoption of serving ware for everyday domestic use, coupled with significant development in the foodservice and hospitality industry, has been majorly driving the demand for tabletop kitchen products. Furthermore, the growing trend of nuclear families is creating more growth opportunities for the market. Developments in the residential category are expected to drive the product demand during the forecast period. The rising trend of separate beverage counters in the commercial and residential sectors has significantly contributed to higher demand for the drinkware category. The evolving concept of structuring bar counters at homes is also expected to positively impact the tabletop drinkware application.
Gather more insights about the market drivers, restrains and growth of the Global Tabletop Kitchen Products market
Restaurants, buffets, parties, and other public dining places feed a large number of people and thus, the need for quick service becomes vital. Feeding a large number of people and keeping food on display also requires temperature regulation, for which, chafing dishes have been helpful. This generates the demand for various buffet tabletop utensils. Moreover, increasing innovation in the drinkware segment is aiding product uptake among consumers across commercial and residential settings. For instance, in December 2019, AHIMSA, a U.S.-based company, introduced a line of colorful stainless-steel dinnerware for kids, which includes dishes, bowls, cups, and cutlery in options like rainbow and iridescent blue. The company is known to have produced the world’s first colorful stainless-steel dinnerware for kids.
Furthermore, with the increasing number of COVID-19 cases, more businesses are facing the brunt of the pandemic to an extent where the industry sectors of the economy have reduced to a standstill. The outbreak has also resulted in a scenario where consumers are shifting from purchasing lifestyle needs to daily essentials. The homecare and décor industry has been witnessing steady growth over the course of the first quarter of 2020. However, on a detailed note, specific sub-categories of the industry have experienced a significant impact of the pandemic.
Browse through Grand View Research's Homecare & Decor Industry Research Reports.
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Tabletop Kitchen Products Market Segmentation
Grand View Research has segmented the global tabletop kitchen products market based on product, application, and region:
Tabletop Kitchen Products Outlook (Revenue, USD Million, 2017 - 2030)
- Dinnerware
- Flatware
- Whitegoods
- Buffet Products
- Drinkware
- Others
Tabletop Kitchen Products Application Outlook (Revenue, USD Million, 2017 - 2030)
- Residential
- Commercial
Tabletop Kitchen Products Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- June 2021: Lenox Corp. officially announced the acquisition of Oneida Consumer LLC. All existing Oneida Consumer LLC tabletop products, including flatware, tableware, and cutlery, are included in the deal
- January 2021: Villeroy & Boch Tableware Division was renamed Dining & Lifestyle. The new name reflects the division’s evolution. Throughout 2019 and 2020, the division was gradually restructured
Key Companies profiled:
Some of the key players operating in the global tabletop kitchen products market include:
- Arc International
- The Oneida Group
- Samsung Electronics Co. Ltd.
- Haier Group Corporation
- Robert Bosch GmbH
- Villeroy & Boch AG
- Lenox Corporation
- Koninklijke Philips N.V.
Order a free sample PDF of the Tabletop Kitchen Products Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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