Porcelain Tableware Market Outlook
The global porcelain tableware market size was USD 2.87 Bn in 2022 and is expected to reach USD 4.58 Bn in 2031, expanding at a CAGR of 5.3% during the forecast period 2023-2031. This growth is attributed to the increasing demand for porcelain tableware in cafes, restaurants, and hotels across the globe, especially in developing countries.
Porcelain is a specific form of ceramic and it is used to make cups, plates, cutlery, and bowls. It is composed of quartz, feldspar, and kaolin and is fired at a high temperature which makes it non-porous, hard, and translucent. It is tasteless, odorless, and lighter than ceramic and pottery but the hardness of the material ensures sturdiness. It is manufactured at a high temperature of (1200-1500 degree celsius). Oven-resistant porcelain is usually used to prepare food in an oven and it can tolerate temperatures of up to 230-300 degree Celsius.
Porcelain is differentiated from ceramic on the basis of three unique characteristics which are translucency, hardness, and whiteness. It has high density, low porosity, and high mechanical resistance which provides a soft touch, durability, and innocuity. It is getting rapid traction for various applications due to its zero porosity, high resistance, and unique translucency making it suitable to use for any occasion.
Porcelain Tableware Market Dynamics
Drivers
The tourism industry is growing rapidly in emerging economies with favorable government initiatives for tourism in the countries like India and China. The rapid growth in people traveling for leisure, business, and other reasons is increasing, especially after the COVID-19 pandemic which resulted in increased demand from various hotel establishments, a crucial component of the tourism industry. Additionally, as more hotels open, demand for tabletop items rises, which can boost the global market.
Some of the main factors influencing the market growth of the porcelain tableware market are the rising number of home renovation projects, the growing number of families, and the increasing installation of modular kitchens can drive the market growth in the coming years. The demand for porcelain tableware is expected to increase over the forecast period as a result of the remarkable boom in the food & beverage and home décor industries.
Restraints
Porcelain tableware has many substitutes such as ceramic, chine bone, earthenware, and stoneware tableware which can hamper the market growth. Substitutes of porcelain tableware are lower in cost in comparison to porcelain tableware which can attract consumers to buy those products to cut down their business or personal cost. Substitutes such as ceramic tableware have more applications as compared to porcelain tableware, which hinders the market growth.
Opportunities
Sales of porcelain tableware through the online distribution channel are increasing rapidly. Consumers are being encouraged to buy porcelain tableware online, due to its features such as ease of shopping, significant discounts, and simple payment and return procedures which can create lucrative opportunities for the global market. Additionally, the ease of access and doorstep delivery make online channels more appealing to young professionals with busy schedules than traditional stores which can open up new opportunities for the market during the forecast period.
Scope of Porcelain Tableware Market Report
The report on the Global Porcelain Tableware Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Porcelain Tableware Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Cups, Plates & Bowls, Cutlery, Glasses), Material (Feldspar, Kaolin, Quartz), Price Range (Low, Medium, High), Application(Residential, Commercial), and Distribution Channel (Online, Offline)
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
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Report Coverage
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Company Share, Porcelain Tableware Market Size and Analysis, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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Porzellanmanufaktur FURSTENBERG GmbH, Porvasal, Dankotuwa Porcelain, RAK Porcelain, Patra Porcelain Company, Savall International Co. Ltd., Ariane Fine Porcelain, Kedaung Industrial Group, Villeroy & Boch, and Steelite International
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Porcelain Tableware Market Segmental Outlook
What Key Factors Contribute to the Significant Expansion of the Type Segment?
Based on type, the global porcelain tableware market is segmented into cups, plates, bowls, cutlery, and glasses. The cups segment is expected to constitute a significant market share during the forecast period, as it has applications across various industries such as restaurants, cafes, and food joints. The rapid growth in cafes and restaurants in emerging economies can increase the demand for different varieties of cups which can boost the sales of the cups segment in the coming years.
The plates & bowls segment is expected to register substantial growth during the forecast period due to the high demand for strong and durable products. The demand for these plates is increasing for residential and commercial use such as in restaurants and hotels as these are processed at high temperatures making them durable and nonporous in nature. These bowls are getting traction in the commercial and residential industries as they are lightweight, durable, and heat-resistant. They are scratch- and stain-resistant which makes them easy to use and these come in a variety of colors which gives consumers' kitchens a complete makeover.
Which Major Factors influence the Significant Growth of the Material Segment?
On the basis of material, the global market is fragmented into feldspar, kaolin, and quartz. The kaolin segment is anticipated to hold a significant share during the forecast period owing to the rising demand for white tableware in commercial use. Kaolin is widely used to manufacture porcelain as it has a high-temperature fusion and it is naturally bright white characteristic makes it suitable for manufacturing whiteware.
The feldspar segment is expected to constitute a significant market share during the forecast period, owing to the increasing demand for a glassy look and a durable material. It helps in improving the toughness, strength, and durability of the ceramic body, and cements the crystalline phase of other ingredients such as melting and softening. It is fired at very high temperatures 1300-1400 degree celsius and is extremely durable compared to other materials.
What are the Main Aspects of Boosting the Price Range Segment?
Based on the price range, the global porcelain tableware market is classified as low, medium, and high. The low segment is anticipated to hold a major market share in the coming years, due to its versatility the demand for low prices porcelain tableware in residential use is rapidly growing which can boost the global market. The lowest price for porcelain tableware ranges from USD 20 and USD 50.
The medium segment is estimated to register a considerable CAGR during the forecast period, owing to its increasing demand in the various food services industries such as restaurants, cafes, and hotels. Major restaurants, cafes, and hotels usually prefer medium prices for unique and stylish porcelain tableware to attract consumers to increase their sales which can drive the global market. The medium price ranges from USD 75 to USD 150.
What are the Main Aspects for Boosting the End-user Segment?
In terms of end-use, the market is bifurcated into residential and commercial. The residential segment is estimated to hold a major market share in the forecast period, owing to the rising usage of porcelain tableware for dining in the residential setting. The rising trend of using modern and unique porcelain tableware for residential use can drive the global market in the coming years.
The commercial segment is likely to be the most alluring during the projected period owing to the demand for porcelain tableware that is anticipated to increase due to the growth of the leisure, business, hospitality, and tourism industries. Porcelain dinnerware is widely used in commercial sectors such as restaurants, cafes, and bars due to its esthetically pleasant look and superior qualities.
Why is the Online Segment More Prevalent than the Offline Segment?
On the basis of distribution channel, the market is categorized as online and offline. The online segment is anticipated to hold a substantial share of the global porcelain tableware market due to its rising demand. The demand for online products is anticipated to grow due to the sales and offers the website offers.
The offline segment is projected to expand at a significant CAGR during the forecast period owing to the rising walk-in buying, sales, and offers offered by the companies to attract consumers. The rising trend of walk-in buying products can drive the offline distribution channel as consumers can feel and check the product quality with the wide availability of various brands in hypermarkets and supermarkets.
Why is the Asia Pacific dominating the Global Porcelain Tableware Market?
The market in Asia Pacific is expected to hold a major market share in the coming years owing to a large number of key manufacturers of porcelain tablewares present in emerging economies such as India and China. Rising population and rapid industrialization in developing countries can boost the demand for more porcelain tableware in the residential and commercial sectors for various use which is likely to create new opportunities for market growth.
The market in Europe is anticipated to register a considerable CAGR during the forecast period due to the growing use of a variety of tableware with unique designs, contemporary, and organic porcelain tableware in restaurants can boost the market growth. Moreover, the increasing number of restaurants and cafes can further drive the global market.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Porcelain Tableware Market
- Historical, Current, and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Porcelain Tableware Market Performance
Segments
Type
- Cups
- Plates & Bowls
- Cutlery
- Glasses
Material
Price Range
End-use
Distribution Channel
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Market Players Profiled in the Report
- Porzellanmanufaktur FURSTENBERG GmbH
- Porvasal
- Dankotuwa Porcelain
- RAK Porcelain
- Patra Porcelain Company
- Savall International Co. Ltd.
- Ariane Fine Porcelain
- Kedaung Industrial Group
- Villeroy & Boch
- Steelite International
Competitive Landscape
- Key players operating in the market are Porzellanmanufaktur FURSTENBERG GmbH, Porvasal, Dankotuwa Porcelain, RAK Porcelain, Patra Porcelain Company, Savall International Co. Ltd., Ariane Fine Porcelain, Kedaung Industrial Group, Villeroy & Boch, Steelite International. These players specialize in manufacturing porcelain tableware products.
- The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunities for the global porcelain tableware market.