Product ID: UCMIG25I2025
Report ID:
UCMIG25I2025 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for porcelain tableware reached a value of approximately USD 23.6 billion in 2022 and is forecasted to experience a 6.7% Compound Annual Growth Rate (CAGR) from 2023 to 2032. The demand for high-quality tableware in the foodservice industry, encompassing restaurants, hotels, and cafes, significantly propels the growth of the porcelain tableware market. The increasing inclination towards dining out, coupled with the expansion of the foodservice sector, contributes to a heightened need for premium tableware in commercial settings. Evolving urban lifestyles have heightened the desire for visually appealing and top-tier tableware, sought by consumers both for home use and in dining establishments.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Housewares & Specialties by segment aggregation, the contribution of the Housewares & Specialties in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25I2025