Global Tableware Market Outlook: Growth Amidst Changing Consumer Preferences
The global tableware market, valued at 46 billions 2022 , is set to reach 63.7 billion by 2030, growing at a CAGR of 4.2% during the 2022 - 2030 analysis period, according to a market report.
One of the significant shifts in the market is the change in consumer preferences. There is a distinct move away from plain white tableware towards products with various colors, shapes, and textures. Consumers are now using tableware as a means to express their personal style and enhance the visual appeal of their dining tables. This trend has led manufacturers to introduce more creative and diverse designs.
The metalware segment within the tableware market is projected to grow at a CAGR of 3.2% and reach a market value of $18.6 billion by the end of the study period. Metal tableware, especially those made of high - quality stainless steel or alloy materials, is popular for its durability and modern look. On the other hand, the ceramic ware segment is expected to grow at a 5.1% CAGR over the next eight years. Ceramic tableware, with its wide range of colors, patterns, and textures, continues to be a favorite among consumers for its aesthetic appeal and heat - retaining properties.
Geographically, the United States, with a market size estimated at
7 billionin 2022, remain sakey market.Meanwhile,China, the world′s second−largest economy, isforecast to grow a ta CAGRof 13.5 billion by 2030. The growth in China can be attributed to its large and growing middle - class population, increasing urbanization, and a rising interest in Western - style dining experiences, which has led to higher demand for a variety of tableware.
Other notable markets include Japan and Canada, which are expected to grow at rates of 2.1% and 3.1% respectively from 2022 to 2030. In Europe, Germany is forecast to exhibit a CAGR of approximately 3.1%.
The impact of the COVID - 19 pandemic has also left its mark on the tableware market. The increase in at - home dining has led to a surge in demand for tableware for residential use. At the same time, the growth of e - commerce has provided a convenient platform for consumers to purchase tableware, further fueling the market's growth. As consumer preferences continue to evolve, tableware manufacturers will need to keep innovating to stay competitive in this dynamic market.
