Global Tabletop Kitchen Products Market

Global Tabletop Kitchen Products Market Size

Global Tabletop Kitchen Products Market size was USD 45.31 billion in 2021 and projected to grow from USD 49 billion in 2023 to USD 70.3 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period.

Tabletop kitchen products are the items made from environment friendly material without the inclusion of any coatings, polymers, glues etc. during preparation. Tabletop kitchen products refers to the field that include production, distribution, sale of items and accessories related to kitchen tabletop products. Sustainable tabletop kitchen products are being created for betterment of the environment which can be recycled.

Market Highlights

Global Tabletop Kitchen Products Market is expected to project a CAGR of 4.1% during the forecast period, 2022-2032

Global Tabletop Kitchen Products Market is expected to reach USD 70.3 billion, growing at a CAGR of 4.1% during forecast period owing to the increasing disposable incomes, rising construction activities of houses and variable lifestyles is expected to drive the demand for the growth of the global tabletop kitchen products market over the forecast period. Increasing number of luxury hotels and restaurants, is anticipated to create demand for modern kitchen items. Increasing preference of customers on investing in products with elegant appearance is anticipated to uplift the demand for the growth of global tabletop kitchen products market.

Global Tabletop Kitchen Products Market Segmentation

Commercial segment is expected to grow with high CAGR during the forecast period

Global Tabletop Kitchen Products Market is classified based on the Application into Commercial, Residential. Commercial segment dominated the market and is expected to continue its dominance over the forecast period owing to the increasing restaurants and bars and the advancements in in hospitality sector which have increased the adoption of several tabletop kitchen products and is anticipated to drive the demand for growth of global tabletop kitchen products market.

Drinkware segment is expected to grow with high CAGR during the forecast period

Global Tabletop Kitchen Products Market is classified based on the Product into Whitegoods, Dinnerware, Flatware, Buffet Products, Drinkware, Others. Dinnerware segment dominated the market owing to the increasing inclination for dinnerware products in residential and commercial sectors along with the increasing awareness on the health benefits associated with eating in metal plates which is creating demand for the growth of the segment in the market. Drinkware segment is anticipated to dominate the market in forecast period owing to the rising adoption of modern lifestyle and growing beverage consumption

Market Dynamics

Growth Drivers

Growing Adoption of Modern Lifestyle is Expected to Boost the Market Growth

The adoption of advanced lifestyles, increasing disposable incomes and the increased acceptance of restaurant buffet systems is expected to boost the demand for tabletop kitchen products market growth. Various advancements are resulting in adopting of culinary arts and the rising luxury hotels and restaurants may also drive the demand for market growth. Increasing tourism activity and preference of people on spending for tabletop kitchen products is uplifting market growth.

Advancements in Technology is Expected to Boost the Growth of the Market

The elegant appearance of white goods and several other tabletop cooking equipment is increasing the consumers base owing to their conciseness, motility and ease of use which may drive the demand for the growth of the market. The expansion of tourism industry along with the increasing interest in travelling had created exploration opportunities of several products along with long-lasting imprint, and potential for variety of tabletop and kitchen equipment. This had a positive impact on the growth of the tabletop kitchen products market. The growing building activities of commercial spaces like wedding halls, community centres, hotels and nightclubs have a significant impact on tabletop kitchen product market.

Restraint

Varying Preference of Consumers May Restrain the Growth of the Market

The varying raw material prices required to manufacture tabletop kitchen products may restrain the market growth. The price-sensitivity of tabletop kitchen products, shifting preferences of customers along with the presence of huge competition between the manufacturers may hamper the market growth.

Recent Developments

• In June 2021, Lenox Corp. declared the procurement of Oneida Consumer LLC. including tableware, flatware, and cutlery.
• In January 2021, Villeroy & Boch Tableware Division was relabelled as Dining & Lifestyle which showcased the expansion of the division.

Global Tabletop Kitchen Products Market

Key Players Covered:

• Haier Group Corporation
• Villeroy & Boch AG
• Arc International
• Lenox Corporation
• Robert Bosch GmbH
• The Vollrath Company
• Koninklijke Philips N.V.
• Linen Chest
• Hendi
• MatferBourgeat International
• Samsung Electronics Co. Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Global Tabletop Kitchen Products Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Europe region dominated the market in 2021 owing to the changing trends in eating culture like growing inclination for social & casual dining which is boosting demand of the products in restaurants and hotels in this region. The elevating influence of several other cuisines & food cultures in this region is expected to boost market growth. Asia Pacific may grow at faster rate during forecast period owing to the increasing population and growing disposable incomes which is resulting in increased growth opportunities for the market.

Impact of Covid-19 on Global Tabletop Kitchen Products Market

The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed travel restrictions and lockdown measures to control the spread of virus. There were several disruptions in the supply chains and issues related to transportation were raised which delayed the production and availability of tabletop kitchen products. The spending on non-essential items like tabletop kitchen products had reduced and the shutdown of foodservice establishments during the pandemic period had declined. Covid-19 had a negative impact on the growth of the Global Tabletop Kitchen Products Market.

Global Tabletop Kitchen Products Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.

Global Tabletop Kitchen Products Market Scope and Segments:

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