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Global Tabletop Kitchen Products Market Size, Share, and Analysis, By Product (Whitegoods, Dinnerware, Flatware, Buffet Products, Drinkware, Others), By Application (Commercial, Residential), By Material (Ceramic, Stainless Steel, Wood, Melamine, Porcelain, Glass, Plastic, Others), By Price (Low-cost, Mid-range, Premium), By Distribution Channel (Offline Retail {Department Stores, Specialty Stores, Hypermarkets, Supermarkets}, Direct Sales {Manufacturer's Showrooms, Company Websites}, Online Retail), By Consumer Preferences (Minimalist Design, Traditional Design, Modern Design, Eco-Friendly Products, Patterned Design) and Regional Forecasts, 2022-2032
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.
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 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.
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
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.
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.
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.
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.
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ATTRIBUTE |
DETAILS |
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Study Period |
2018-2032 |
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Base Year |
2022 |
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Forecast Period |
2022-2032 |
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Historical Period |
2019-2021 |
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Growth Rate |
CAGR of 4.1% from 2022-2032 |
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Unit |
Value (USD Billion) |
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Segmentation |
Main Segments List |
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Product |
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Application |
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Material |
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Price |
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Distribution Channel |
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Consumer Preferences |
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By Region |
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Global Tabletop Kitchen Products Market size was estimated at USD 45.31 billion in 2021 and is expected to reach USD 70.3 billion in 2032.
Commercial and Drinkware segment accounted for the highest growth rate in the Global Tabletop Kitchen Products market.
Leading players: 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. and Other Prominent Players are the leading players in the Global Tabletop Kitchen Products Market.
Growing Adoption of Modern Lifestyle and Advancements in Technology are the factors driving the Global Tabletop Kitchen Products market.
Varying prices of raw material along with the price-sensitivity of tabletop kitchen products is a challenge associated with the Global Tabletop Kitchen Products Market.
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