porcelain tableware market
The global porcelain tableware market was valued at US$ 22.1 Bn in 2021. It is estimated to grow at a CAGR of 6.3% from 2022 to 2031. The global porcelain tableware market is expected to reach value of US$ 39.5 Bn by the end of 2031
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Porcelain is a material that has been used to make tableware for hundreds of years. It is a non-stick material that is easy to clean. Increase in demand and popularity of porcelain tableware can be ascribed to its durability and eco-friendly nature. Porcelain is one of the most attractive materials used for making dinnerware sets.
Porcelain material is an excellent option to be used as dinnerware. The material slowly absorbs heat and gradually releases it, making it a good choice for dinnerware and cookware. Increase in applications of porcelain tableware in the residential sector as well as restaurants, cafés, bars, etc. is creating lucrative opportunities for manufacturers. Porcelain is an eco-friendly material that offers several benefits when used in making tableware sets. High-quality porcelain cookware has a thick coating that makes it hardwearing and easy to use in a microwave.
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Internet retailing is gaining popularity among customers. These customers are increasingly moving away from brick-and-mortar stores. Online retailers provide product information on their websites to make it easy for consumers to compare and choose products. Rise in tendency of using new and unusual flatware for special occasions, celebrations, and parties is propelling the market. Manufacturers are releasing novel items with appealing designs in order to attract clients from all around the world. This is expected to boost the demand for porcelain tableware products. Consistent rise in population, increase in purchasing power of people, and growth in usage of luxury dinnerware are fueling the porcelain tableware market.
Based on product type, the porcelain tableware market is segmented into dinnerware, drinkware, and others (serveware, flatware, etc.). Dinnerware is likely to be the most attractive segment during the forecast period. Porcelain crockery is perceived to be luxury dinnerware; and is known for its unique properties such as design and heat durability. Heat durability for a long period and ease of cleaning are the benefits of porcelain. Customers are likely to opt for porcelain dinnerware such as plates and bowls, as these possess natural non-stick properties and do not contain perfluorooctanoic acid (PFOA).
Growth in Leisure, Business, Hospitality, and Tourism Industries to Boost Porcelain Tableware Market
The global porcelain tableware market is estimated to grow significantly in the near future owing to the high demand for smart kitchen appliances, non-stick tableware, and stainless tableware. Based on end-use, the porcelain market is segmented into residential and commercial. Commercial is likely to be the most attractive segment of the market during the forecast period. Growth of industries such as leisure, business, hospitality, and tourism is expected to drive the demand for porcelain tableware. Commercial sectors such as restaurants, cafés, and bars have widely adopted the porcelain material for dinnerware due to its esthetic appearance and excellent characteristics.
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Expansion of product portfolios and mergers and acquisitions are the key strategies adopted by market players. Some of the prominent entities in global porcelain tableware market are Bernardaud, Villeroy & Boch, Noritake, Guangdong Songfa Ceramics, Degrenne, Fiskars Group, ROSENTHAL GMBH, Staatliche Porzellan-Manufaktur Meissen GMBH, Steelite International, Tognana Porcelain, and WMF.
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