Tabletop Kitchen Products Market Size, Share & Trends Report

Tabletop Kitchen Products Market Size, Share & Trends Analysis Report By Type (Dinnerware, Flatware, White Goods, Drinkware), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jan, 2020
  • Base Year for Estimate: 2018
  • Report ID: GVR-4-68038-167-2
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Report Overview

The global tabletop kitchen products market size was valued at USD 47.5 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2019 to 2025. Market growth is driven by the rising adoption of serving ware for everyday domestic use. In addition, significant developments in the foodservice and hospitality industry have been majorly driving demand for tabletop kitchen products to provide better customer service and dining experience.  

U.S. tabletop kitchen products market

Moreover, the concept of buffet and self-service in the culinary world is also expected to contribute to the growth of the market for tabletop kitchen appliances. Consumers these days are looking for products and services starting from serving ware and easy-to-use utility appliances such as microwave and coffee/tea machines that enable them to customize their meals both in the foodservice industry and social gatherings at residential properties.

The evolution of self-service kiosks and the popularity of buffet systems in the restaurants have resulted in the growing adoption of tabletop kitchen products. Moreover, residential application of tabletop kitchen products is also a major factor expected to impact market growth. Occasions such as holiday parties, business meetings, weddings, or any other social gathering require feeding large numbers of people, wherein the buffet system is considered to be the ideal service option. This scenario is expected to result in the growing adoption of different buffet service utensils and serving ware such as plates and drinkware.

The process of arranging various serving ware is considered to add value to the dining experience. The rising trend of separate beverage counters in the commercial and residential sectors has significantly contributed to the drinkware category. The evolving concept of structuring bar counters at homes is also expected to impact the tabletop drinkware application. Restaurants, buffets, parties, and other public dining places feed a large number of people and thus, offer an enticing and quick service.  Additionally, feeding a large number of people, along with keeping food on display, also requires regulating their temperature for which chafing dishes have been helpful, thereby generating demand for various buffet tabletop utensils.

Type Insights

The white goods category includes products such as electric kettles, toasters, coffee makers, and microwave ovens, which are easily placed in the kitchen as per convenience and occupy less storage space. Large applications of these products in the commercial sector owing to a wide range of consumers develop the need for increased investments in these products for greater convenience and top customer service. Also, greater penetration of electric kettles and toasters by consumers for everyday use as a result of hectic lifestyle allowing for minimum time for meals have added benefit of such products in their busy schedule. Thus, the dominance of the product category on account of its fast service and convenience of portability and less storage space is driving demand for tabletop kitchen products.

Drinkware category of products segment is expected to witness growth at a CAGR of 4.8% from 2019 to 2025. Shifting preference towards wine culture in western countries as a sign of healthy living has influenced consumers in residential as well as commercial sectors to invest in fancy and luxurious drinkware on account of increased disposable income and high-end lifestyle. Moreover, the dominance of tea culture in Asian countries is also driving demand for drinkware. In addition, the introduction of low-cost ceramic ware as well as increasing attraction towards bone china which reflects a high-end product are also driving the growth of the drinkware segment.

Application Insights

The commercial sector dominated the tabletop kitchen products market and accounted for more than 64.6% of the global share in 2018. Rising development in the hospitality sector has resulted in the growth of the hotel industry leading to an increasing number of hotel construction across the globe. With the increasing presence of startups such as Oyo Rooms and FabHotels, the number of hotels has increased to a great extent in the last few years. This, in turn, is leading to upgrade in services to gain a competitive edge which is also fueling product demand.

A thriving travel and tourism industry also poses growth opportunities for different product categories owing to consumer’s preference towards luxury stay in resorts or star-rated hotels. Thus, these trends are likely to shift industry trends towards premium serving ware. In addition, increasing construction of commercial spaces such as clubs, marriage halls, and group centers also showcase growth opportunity for buffet and self-service concept of tabletop kitchen products, which is also expected to boost the market in the forecast period.

Global tabletop kitchen products market

The residential segment is expected to witness growth in the market for tabletop kitchen appliances with a revenue-based CAGR of 3.5% from 2019 to 2025. The growing residential sector is fueling demand for the product. As per census 2011, in India, the number of houses has increased from 52.1 million to 78.5 million, which has increased the residential consumption.

In addition, the increasing adoption of convenient electric and portable small appliances which can be suited for small kitchen and tabletops are paving the way for white goods in the tabletop category. Thus, manufacturers make constant efforts in producing convenient goods for superior customer satisfaction. For instance, in 2017, Xiaomi Corporation introduced the new Mi electric kettle made of matte plastic and stainless steel, with an LED light indicator. Moreover, rising adoption of western culture habits of eating with premium serving ware and cutlery, particularly among millennials, has outgrown the scope for luxurious tabletop kitchen products for residential purposes.

Regional Insights

Europe emerged as the largest regional market for tabletop kitchen appliances in 2018 and was valued at USD 16.6 billion. Greater adoption of advanced kitchen appliances in the foodservice industry as well as in homes across countries is boosting product sales in the regional market. Tabletop kitchen products are also driven by high demand for convenient options for breakfast meals from consumers, at home as well as cafes and diners with shorter wait time and efficiency. High demand for different product categories in the market coupled with increased spending power is likely to boost the sales of these products in North America.

Asia Pacific is anticipated to witness the fastest growth in the regional market owing to high demand from the developing countries such as India and China and increasing penetration of high-end tabletop kitchen products. The increasing number of houses due to the growing population and urbanization is also a prominent driving factor. Moreover, an increasing number of hotels, pubs, bars, and various other options for dining out is fueling the regional market growth in the forecast period.

Key Companies & Market Share Insights

The market for tabletop kitchen appliances is highly competitive with the presence of a large number of domestic and international players, thus resulting in a fragmented nature. Some of the prominent players in the tabletop kitchen products market include:

  • Arc International,

  • Zalto,

  • Haier,

  • The Oneida Group,

  • The Vollrath Company,

  • Hendi,

  • Matfer Bourgeat International,

  • BSH Hausgeräte GmbH.

Tabletop Kitchen Products Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 50.22 billion

Revenue forecast in 2025

USD 61.34 billion

Growth Rate

CAGR of 3.7% from 2019 to 2025

Base year for estimation

2018

Historical data

2015 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD billion and CAGR from 2019 to 2025

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; MEA

Country scope

U.S.; Germany; U.K.; India; China; Brazil

Key companies profiled

Arc International; Zalto; Haier; The Oneida Group; The Vollrath Company; Hendi; Matfer Bourgeat International; BSH Hausgeräte GmbH

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global tabletop kitchen products market report on the basis of type, application, and region:

  • Type Outlook (Revenue, USD Billion, 2015 - 2025)

    • Dinnerware

    • Flatware

    • Whitegoods

    • Drinkware

    • Buffet Products

    • Others

  • Application Outlook (Revenue, USD Billion, 2015 - 2025)

    • Residential

    • Commercial

  • Regional Outlook (Revenue, USD Billion, 2015 - 2025)

    • North America

      • The U.S.

    • Europe

      • Germany

      • U.K

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

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