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Singapore Porcelain Tableware Market from 2022-2031
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Rise in Usage of Porcelain Tableware and Kitchenware in Residential and Commercial Sectors to Drive Market
Porcelain material is an excellent option to be used as dinnerware. The material slowly absorbs heat and gradually releases it, making it a good choice for dinnerware and cookware. Increase in applications of porcelain tableware in the residential sector as well as restaurants, cafΓ©s, bars, etc. is creating lucrative opportunities for manufacturers. Porcelain is an eco-friendly material that offers several benefits when used in making tableware sets. High-quality porcelain cookware has a thick coating that makes it hardwearing and easy to use in a microwave.
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Increase in Online Retailing to Boost Global Demand for Porcelain Tableware
Internet retailing is gaining popularity among customers. These customers are increasingly moving away from brick-and-mortar stores. Online retailers provide product information on their websites to make it easy for consumers to compare and choose products. Rise in tendency of using new and unusual flatware for special occasions, celebrations, and parties is propelling the market. Manufacturers are releasing novel items with appealing designs in order to attract clients from all around the world. This is expected to boost the demand for porcelain tableware products. Consistent rise in population, increase in purchasing power of people, and growth in usage of luxury dinnerware are fueling the porcelain tableware market.
Natural Non-stick Properties of Dinnerware to Augment Dinnerware Segment
Based on product type, the porcelain tableware market is segmented into dinnerware, drinkware, and others (serveware, flatware, etc.). Dinnerware is likely to be the most attractive segment during the forecast period. Porcelain crockery is perceived to be luxury dinnerware; and is known for its unique properties such as design and heat durability. Heat durability for a long period and ease of cleaning are the benefits of porcelain. Customers are likely to opt for porcelain dinnerware such as plates and bowls, as these possess natural non-stick properties and do not contain perfluorooctanoic acid (PFOA).
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Growth in Leisure, Business, Hospitality, and Tourism Industries to Boost Porcelain Tableware Market
The global porcelain tableware market is estimated to grow significantly in the near future owing to the high demand for smart kitchen appliances, non-stick tableware, and stainless tableware. Based on end-use, the porcelain market is segmented into residential and commercial. Commercial is likely to be the most attractive segment of the market during the forecast period. Growth of industries such as leisure, business, hospitality, and tourism is expected to drive the demand for porcelain tableware. Commercial sectors such as restaurants, cafΓ©s, and bars have widely adopted the porcelain material for dinnerware due to its esthetic appearance and excellent characteristics.
Regional Outlook of Global Porcelain Market
Asia Pacific is likely to dominate the global porcelain tableware market during the forecast period owing to the presence of a large number of manufacturers in countries such as China and India, with strong distribution channels in the region. China (US$ 3.92 Bn), Bangladesh (US$ 32.3 Mn), and Indonesia (US$ 21 Mn) were the countries with the largest trade value in terms of export of porcelain tableware in Asia Pacific in 2020.
Europe also held significant share of the global porcelain tableware market in 2021. Increase in demand for organic porcelain and contemporary style tableware; and rise in the number of restaurants in the region are driving the market in Europe.
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Analysis of Key Players in Global Porcelain Tableware Market
The global porcelain tableware market is consolidated with a few large-scale vendors controlling majority of the share. Most of the firms are spending significantly on comprehensive research and development activities, primarily to develop environment-friendly products. Companies are focusing on sustainable dinnerware, particularly vitrified porcelain dinnerware with handcrafted designs, and expanding their offerings to meet the needs of households and social dining. Demand for casual dinnerware is high, particularly among young consumers, while seasonable dinnerware seems to be in high demand during Christmas or Thanksgiving and other occasions.
Expansion of product portfolios and mergers and acquisitions are the key strategies adopted by market players. Some of the prominent entities in global porcelain tableware market are Bernardaud, Villeroy & Boch, Noritake, Guangdong Songfa Ceramics, Degrenne, Fiskars Group, ROSENTHAL GMBH, Staatliche Porzellan-Manufaktur Meissen GMBH, Steelite International, Tognana Porcelain, and WMF.
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