Porcelain Tableware Market Size, Future Trends, Growth Key Factors, Demand, Share, Application, Scope, and Opportunities Analysis by Outlook 2033
In 2023, the porcelain tableware market would be worth more than US$ 9,305.2 million. By 2033, it would be worth US$ 19,178.3 million. The increase would occur at a 7.5% CAGR between 2023 and 2033. Porcelain tableware makes up 20% to 25% of the whole tableware market.
People are increasingly using various social media sites as they begin to utilize mobile phones. These social media platforms are also becoming entertainment and information exchange platforms.
Social media influencers are becoming immensely prominent. Several firms are cooperating with them to advertise and market their products.
Home décor experts and cuisine critics are indirectly influencing people's interest in porcelain and ceramic dinnerware & kitchenware. Modern consumers are influenced by representations they see online and attempt to mimic them. These trends of reviewing and critiquing might aid market expansion.
Kids are always looking for something distinctive and modern with a cultural or traditional twist. Japanese, Chinese, Indian, and other cultural artworks have begun to appear on clothing and other items used in daily life.
This passion has extended to appliances and kitchen objects. Dishes and tableware with such artistic designs are nowadays gaining popularity all over the world.
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Key Takeaways from the Porcelain Tableware Market Study
In North America, the USA holds a key share of 63.2% in the porcelain tableware market.
During the projected period, the mugs & jars segment by product type would expand at a CAGR of 10.2% by the end of 2033.
By distribution channel, the hotel/restaurant/café (HORECA) category would flourish at a CAGR of 6.3% during the forecast period.
Based on price range, the mass segment would expand at a CAGR of 6.7% during the forecast period.
Germany porcelain tableware market would hold a share of around 31.2% in Europe by 2023.
