Global Commercial Tabletop Kitchen Products Market by Material (Porcelain, Glassware, Metal Ware), by Product (Cutlery, Buffet Ware, Tabletop Products, Flatware) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global commercial tabletop products market was valued at USD 9.93 Billion in 2020. It is projected to grow at a compound annual rate (CAGR of 7.5%) between 2021 and 2028. A growing use of serving ware, with significant developments in the hospitality and foodservice industries has driven the demand for commercial tabletop kitchen products. A rise in disposable incomes, changes in lifestyles and growing social trends that promote social dining has all contributed to a rise in demand for commercial tabletop products. In the next few years, the market for tabletop kitchen products will likely see a positive effect from the increasing number of commercial construction projects around the world.

Autodesk's construction blog estimates that USD 11.4 trillion was spent worldwide on construction in 2018. According to the Census Bureau, the U.S. construction industry was valued at USD 1.3 trillion in 2019. Redshift by Autodesk estimates that the global construction industry must build 13,000 buildings per day between 2019-2050 to support a population of 7billion people.

Market growth is expected to be aided by rapid construction in the hospitality industry. The U.S. has seen a rise in hotel construction due to the improved performance of the industry. Smith Travel Research (STR) reported that hotel supplies rose by 1.8% in 2017 compared to 2016, when there were 90,000 more rooms added across the country.

Additionally, QSRs offer quick and convenient meals with quick delivery times. This is driving increased demand for tabletop products such as salt/pepper shakers, thermoses and serving trays. The United States Department of Agriculture reports that the number of fast-service restaurants in the United States increased by around 20% between 2000 and 2015. According to the United States Department of Agriculture, there was a 20% increase in quick-service restaurants between 2000 and 2015. This is expected to lead to increased use of commercial kitchen products in the future.

Despite this positive outlook, disposable cutlery and flatware are a significant factor in the decline of tabletop products. Disposable tableware is preferred by smaller eateries to reduce the effort of cleaning, washing and maintaining tableware, as well as save on labor costs. The rise in QSRs (quick-service restaurants) in urban and semiurban markets, as well as the increasing difficulty in cleaning utensils in cities, are two factors that will drive disposable tabletop products. The market will face challenges over the forecast period.

Material and Product Insights

With a market share of more than 43.0%, the metal ware segment was dominant in 2020. The increased use of metalware in commercial sectors is due to its low-maintenance and strain-resistant qualities. Both product innovations and new developments in this sector are driving demand for metalware products. Made In, a Texas-based kitchenware manufacturer, launched a tabletop line in September 2020 that included new flatware, dinnerware and glassware. Flatware is made from rust-resistant materials and carefully sourced Italian factories. Flatware includes 20 pieces, including utensils to serve five, as well as dinner forks and dessert spoons.

Flatware made from metal will grow at a highest CAGR of 8.0% per product over the forecast period. Metal flatware products will benefit from the growing trend to design, style, and customize these products to suit current trends and appeal. Consumers are attracted to the current trend of flatware that is sleek and often comes with a two-tone black, copper or brass finish. Casa de Perrin, for example, offers flatware in 24K Gold and Wood.

From 2021 to 2028, the porcelain segment will grow at a highest CAGR of 8.3%. It is a durable option for tableware due to its strength, elasticity and permeability. It is also heat resistant, making it an ideal material for oven and microwave dishes. Porcelain has many advantages over other materials, including being non-sticky and affordable.

Regional Insights

Asia Pacific held a dominant market share of 33.0% in 2020. Tabletop kitchen products are seeing a significant rise in Asia Pacific. Due to rising disposable incomes, rapid urbanization and large populations, India and China will experience tremendous growth.

The COVID-19 pandemic has caused a decrease in growth of the Asia Pacific market. The supply chain disruptions have had an impact on the production and distribution process. Factory workers also saw pay cuts. The growth of the market for tabletop kitchen products is aided by the hospitality sector, but that trend has been halted by the current situation.

Over the forecast period, North America is expected to grow at 7.6% CAGR. In the next few years, there will be significant demand for commercial kitchen products due to the expansion of commercial spaces such as restaurants and eateries in the region. The growing demand for luxury stays at resorts and top-rated hotels is driving growth in the tourism and travel industry. These trends will likely shine a spotlight on premium servingware.

Market Share Insights & Key Companies

There are many well-established players that make up the market. These players hold a significant market share and are well-known around the world. There are also small-to-medium players in the market, which offer a limited range of commercial tabletop products to regional customers.

Market players are focused on creating new products that meet customer needs and give them a competitive edge over their competitors. Studio William Welch Ltd., for example, announced three new ranges of cutlery in September 2019. Planish, the first new design launched by Studio William Welch Ltd. in nearly 18 months, is a result of a mold-and-shape steel manufacturing process and the dimpled details it leaves behind. Raphia and Mimosa designs were also given a makeover to meet customer demand for affordable and durable products. They are now available in the same satin finish. In November 2005, Planish began shipping its first orders. The following are some of the most prominent players in global market for commercial tabletop kitchen products:

• The Oneida Group, Inc.

• Libbey Inc.

• Villeroy & Boch AG

• BHS Tabletop AG

• Lifetime Brands, Inc.

• Lenox Corporation

• Vollrath Co. L.L.C.

Up Market Research published a new report titled “Commercial Tabletop Kitchen Products Market research report which is segmented by Material (Porcelain, Glassware, Metal Ware), by Product (Cutlery, Buffet Ware, Tabletop Products, Flatware), By Players/Companies Villeroy & Boch AG, BHS Tabletop AG, The Oneida Group Inc, The Vollrath Co LLC, Lifetime Brands Inc, Lenox Corporation, Libbey Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Commercial Tabletop Kitchen Products Market Report Segments:

The market is segmented by Material (Porcelain, Glassware, Metal Ware), by Product (Cutlery, Buffet Ware, Tabletop Products, Flatware).

Commercial Tabletop Kitchen Products Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Commercial Tabletop Kitchen Products Market

Overview of the regional outlook of the Commercial Tabletop Kitchen Products Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Commercial Tabletop Kitchen Products Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Commercial Tabletop Kitchen Products Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Porcelain

                2. Glassware

                3. Metal Ware

                1. Cutlery

                2. Buffet Ware

                3. Tabletop Products

                4. Flatware

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Commercial Tabletop Kitchen Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Commercial Tabletop Kitchen Products Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.