According to the latest market report published by Transparency Market Research on the ceramic tableware market for the period 2021–2031 (wherein 2021 to 2031 is the forecast period and 2020 is the base year), growing hospitality sector and home decor industry are key factors propelling the demand for ceramic tableware, which is responsible for the expansion of the market
Globally, revenue generated by the ceramic tableware market accounted for US$ 11.3 Bn in 2020, which is expected to expand at a CAGR of 6.7%, in terms of value, during the forecast period
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Tourism is an important economic sector globally, which has experienced rapid and virtually continuous growth, from 25 million international tourist arrivals in 1950 to 1,400 million in 2018 (UWNTO, 2019). The sector is expected to continue to grow, reaching 1,800 million international tourist arrivals by 2030. Hotel establishments are a part of the tourism system, and leisure, corporate transient, and corporate groups are three major sectors which boosts the growth of the hotel industry. New hotel establishments are a prime factor driving the demand for tabletop products, which subsequently propels the growth of the ceramic tableware market all across the globe.
Growing home decor industries and rising number of hotels, restaurants, and other dining options are some of the major factors propelling the demand for tableware. This is expected to expand the ceramic tableware market throughout the forecast years.
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Product Development – Significant Opportunity for Ceramic Tableware Market
Growing number of businesses are opting for durable handmade crockery instead of mass-produced dinnerware. Companies can focus on product development and produce products which are sustainable, more durable, and unique as well. Rise in emphasis on product innovations and research & development are likely to create huge opportunities for the expansion of the ceramic tableware market in the near future.
Steady rise in eCommerce has created lucrative opportunities for producers and suppliers in the ceramic tableware industry to sell their products through online platforms. Producers and suppliers of ceramic tableware are focusing on selling their products on various eCommerce portals in order to cater to a wide range of customers across the globe.
Contemporary and Organic Shaped Tableware: Key Trend of Ceramic Tableware Market
Dark colors create a luxurious and cozy ambience; clients increasingly demand black and other dark glazes for their new tableware sets
Rising online shopping for ceramic tableware helps to drive the market
Another trend is rise in demand for classic round plates; round shaped crockery is a popular choice amongst chefs. An added classic tableware trend is rectangular plates that can enhance the look and works well when serving a trio of items, such as starters or desserts.
Contemporary crockery offers a modern backdrop which gives chefs space to be creative with their dish and plating techniques. In addition, irregular, organic shaped crockery, and irregular style plates and bowls can be used at home or in high-end restaurants.
Artisan made, indigo themed, and global folk are some of the trendy collections of ceramic tableware, which influences the growth of the market
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Key players operating in the ceramic tableware market include
Bernardaud
Cuisinart
Meyer Corporation Group
Abert SpA
Villeroy & Boch
TCL Ceramics Limited
Noritake
Guangdong Songfa Ceramics
Wedgewood
Mikasa
VISTA ALEGRE
Portmeirion Group PLC
Degrenne
Fiskars Group
Lenox Corporation
Libbey Inc
RAK Ceramics
ROSENTHAL GMBH
Staatliche Porzellan-Manufaktur Meissen GmbH
Steelite International
Tognana Porcellane
WMF GmbH
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