Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Serveware Market Size is Estimated to Grow from USD 12.78 Billion in 2023 to USD 18.20 Billion by 2033, Growing at a CAGR of 3.60% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Serveware Market Size, Share, and COVID-19 Impact Analysis, By Product (Bowls & Platters, Jugs & Beverage Pots, Condiments & Sauceboats, Boards & Trays, and Chafing Dishes), By Raw Material (Glass, Metal, Ceramic, Plastic, Wood, and Others), By Application (Household and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Serveware is an assortment of kitchen and dining equipment that is intended to improve the way food and drinks are presented and served. Glassware and ceramics are becoming more and more popular in households all around the world, which is driving the industry. One of the main factors propelling the market is the adaptability of serveware in commercial applications. These food service products not only look good but can also be used for cooking and heating in the oven or microwave. Since the hospitality business places a strong focus on delivering a remarkable dining experience, its growth which includes restaurants, hotels, and catering services significantly increases the need for serveware. These companies place a premium on long-lasting, high-quality serveware to guarantee that both appearance and functionality meet their service standards. The need for aesthetically pleasing serveware that may be displayed on social media sites such as Instagram has been greatly influenced by social media's pervasive influence. A vast range of serveware has become readily available to individuals all over the world because of the growth of internet shopping, expanding the market's reach. Interest in eco-friendly serveware solutions has increased as environmental sustainability has gained more attention, opening up new market niches. However, the market saturation and a growing degree of competitiveness are two of the biggest challenges facing the serveware industry.
The bowls & platters segment accounted for the largest market share of 28.96% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product, the serveware market is categorized into bowls & platters, jugs & beverage pots, condiments & sauceboats, boards & trays, and chafing dishes. Among these, the bowls & platters segment accounted for the largest market share of 28.96% in 2023 and is expected to grow at a significant CAGR during the forecast period. Exceptionally adaptable serveware, bowls and platters serving a variety of purposes in both home and business environments. They are essential for family dinners and social events since they are used every day in households to serve a variety of foods, from filling soups and crisp salads to sophisticated main courses and delicious desserts. The market is growing because bowls and platters are useful and improve the eating experience by presenting food in aesthetically pleasing ways.
The metal segment is expected to hold the highest revenue share of the global serveware market through the projected period.
Based on the raw material, the serveware market is classified into glass, metal, ceramic, plastic, wood, and others. Among these, the metal segment is expected to hold the highest revenue share of the global serveware market through the projected period. Owing to its remarkable resistance to breakage, wear, and tear, metal serveware is a very long-lasting and robust choice for both domestic and commercial use. In addition to its durability, metal serveware can tolerate hard and frequent handling. It is perfect for busy settings such as dining establishments, lodging facilities, and catering businesses where serveware is frequently used and must hold up over time in terms of both usefulness and look.
The commercial segment is estimated to hold the largest revenue share of the global serveware market and is expected to grow at a significant CAGR through the forecast period.
Based on the application, the serveware market is divided into household and commercial. Among these, the commercial segment is estimated to hold the largest revenue share of the global serveware market and is expected to grow at a significant CAGR through the forecast period. The need for commercial serveware is mostly driven by the expansion of the hospitality sector, which includes cafes, hotels, restaurants, and catering services. To improve the dining experience and effectively serve a large number of patrons, these restaurants need high-quality, long-lasting serveware. In addition, commercial businesses typically select high-quality, long-lasting serveware items that can resist frequent usage and industrial cleaning procedures, which raises unit costs and boosts demand in emerging economies' expanding food industries.
Europe is expected to hold the largest share of the serveware market through the forecast period.
Europe is expected to hold the largest share of the serveware market through the forecast period. This expansion has been attributed to the existence of well-known producers of glass and stoneware, such as Legle Legrand Lebouc, Amara Living Ltd., Christofle, Dansk, Crate & Barrel, Mario Luca Giusti, and Porzellanmanufaktur Fürstenberg GmbH. Regarding handcrafted serveware, some of these players are popular with consumers. In addition, the creation of classic and appealing kitchenware is being fueled by the region's strong artistic and cultural traditions. It is anticipated that this will accelerate the regional market's expansion.
Asia Pacific is predicted to grow at the fastest CAGR of the serveware market over the forecast period. Asia Pacific countries' rapidly changing lifestyles and urbanization are predicted to contribute to the region's market expansion. Customers adopt a contemporary way of living and spend money on serveware that enhances the overall eating experience while meeting functional needs. This trend is fueled by the desire to entertain in style, showcase individual preferences, and create comfortable environments at home.
Company Profiling
Major key players in the serveware market include Lenox Corporation, Borosil Limited, Churchill China (UK) Ltd., NoritakeChina.com., La Opala RG Limited, Villeroy & Boch, Wedgwood, Lifetime Brands, Inc. (Lifetime Brands, Inc.), Rosenthal Sambonet USA Ltd., Royal Doulton, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the serveware market based on the below-mentioned segments:
Global Serveware Market, By Product
Global Serveware Market, By Raw Material
Global Serveware Market, By Application
Global Serveware Market, By Regional Analysis
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