The global serveware market is expected to grow from USD 13.56 billion in 2023 to USD 20.25 billion by 2033 at a CAGR of 4.10%.
Serveware Market CAGR
2023-2033
CAGR OF
4.10%
Serveware Market
Global serveware market has suffered slow and stagnant growth in the past few years due to a slowdown in world economic growth. However, serveware has occupied an important role in increasing the aesthetics of the food served to guests in various settings as well as enhancing the culinary pleasure of consumers, globally. This is anticipated to witness growth in the companies in compliance with the market, thereby expanding the global market during the forecast period. This market research report provides in-depth information on trends, dynamics, revenue opportunities, the competitive landscape, and recent developments in the market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.
Serveware Market: Market Dynamics
To whet the appetite of consumers for various kind of food design, shape, colour and material are known to play a major role. For example, opting for white serving tray enhances the colours of the served food and thereby adding to its attractiveness. Social media and cooking shows on T.V. are influencing and changing consumer demand by emphasizing on the art of plating and serving. Serving platter set, serving bowls and platters, and serving tray with bowls play an important role in achieving the objective presenting food aesthetically and adding value to the dining experience. The increased usage of ceramic ware and glassware in households across the globe is fueling the market. The adaptability of serve ware in commercial applications, aesthetically pleasing, and ability to cook and heat in the microwave/oven are the major properties driving the market. In addition, growing popularity of serveware made of different materials, Popular trend of breakfast & lunch buffets are propelling the overall market. However, high cost of the products restraint the market growth.
Serveware Market: Segmental Analysis
Serveware Market
By Raw Material
Metal
Plastic
Glass
Ceramic
The Market will Grow
At the CAGR of:
4.10%
The Forecast Market
Size for 2033 in USD:
$20.25B
Global serveware market is classified by product, raw material, application and region. Based on product, the market is segmented into bowl & platters, boards & trays, chafing dish, jugs & beverage pots, condiments & sauceboats, compotes & tiered stands, and others. Serving bowl and platters segment accounted for the largest market revenue in 2023 as they are the most common serveware used in households globally, irrespective of the cuisine. However, chafing dishes segment is anticipated to grow at a faster rate during the forecast period due to their rapid adoption in the household application. Based on raw materials, the market is segmented into Metal, Plastic, Glass, Ceramic, Wood, and Others. Metal-based serveware segment accounted for the largest share in 2022 and is anticipated to continue dominating the market during the forecast period due to high durability, excellent heat conductivity.
Serveware Market
By Product
XX%
Bowl & Platters
Boards & Trays
Chafing Dish
Jugs & Beverage Pots
13.56
Total Market Size
USD (Billion), 2023
4.10%
CAGR
2023 - 2033
Moreover, plastic based serveware is anticipated to account for highest CAGR during the forecast period due to high demand among end users. Plastic wares can be moulded into various shapes, and are available at bright colours that attract consumer appeal. These are safe for food storage and offer a high competition to ceramics and glass serving platter. Based on application, the market is segmented into commercial and household.
Serveware Market: Regional Analysis
Serveware Market
By Region
The Market will Grow
At the CAGR of:
4.10%
The Forecast Market
Size for 2033 in USD:
$20.25B
Geographically, the market is classified into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Europe was the leading market for the market in 2022, due to presence of largest and oldest ceramic ware and stone ware manufacturing industries and is anticipated to witness inclined growth in the forecast period. However, Asia-Pacific region is anticipated to be the fastest growing market during the forecast period due to the growing emerging economies such as Japan, China and India. In addition, rise in e-commerce have unlocked large path for the rise of international brand.
Serveware Market: Competition Scenario
Key players in global serveware market are Le Creuset, Borosil Glass Works Ltd., Churchill China plc, Fiskars Group, La Opala RG Limited, and All-Clad Metalcrafters, LLC.
Critical Questions Answered in the Report
• What are the key trends in the market? • How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years? • What are the key strategies adopted by the major vendors to lead in the market? • What is the market share of the top players?
Research Methodology
The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
Serveware Market Scope:
Report Data
Serveware Market
Serveware Market Forecast Value 2033
20.25Billion
Serveware Market CAGR 2023 - 2033
4.10%
Serveware Market Forecast Period
2023 - 2033
Serveware Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Le Creuset, Borosil Glass Works Ltd., Churchill China plc, Fiskars Group, La Opala RG Limited, and All-Clad Metalcrafters, LLC..
Key Segments
By Product
Bowls & Platters
Boards & Trays
Chafing Dish
Jugs & Beverage Pots
Condiments & Sauceboats
Compotes & Tiered Stands
Others
By Raw Material
Metal
Plastic
Glass
Ceramic
Wood
Others
By Application
Commercial
Household
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
1 Executive Summary
2 Market Introduction 2.1 Definition 2.2 Architecture 2.3 Scope of the Study 2.4 Related Stakeholders
3 Research Methodology 3.1 Introduction 3.2 Primary Research 3.2.1 Key Insights 3.2.2 Breakdown of Primary Interviews 3.3 Secondary Research 3.3.1 Important Sources 3.4 Market Size Estimation Approaches 3.4.1 Top-Down Approach 3.4.2 Bottom-Up Approach 3.4.3 Data Triangulation 3.5 List of Assumptions
4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Increased social media and cooking shows 4.2.2 Popular trend of breakfast & lunch buffets 4.3 Restraints 4.3.1 High cost of the product 4.4 Porter's Five Forces Model Analysis 4.5 Value Chain Analysis 4.6 Regulatory Landscape
6 Serve ware market, By Raw Material 6.1 Introduction 6.2 Metal 6.3 Plastic 6.4 Glass 6.5 Ceramic 6.6 Wood 6.7 Others
7 Serve ware market, By Application 7.1 Introduction 7.2 Commercial 7.3 Household
8 Serve ware market, By Region 8.1 Introduction 8.2 North America 8.2.1 US 8.2.2 Canada 8.2.3 Mexico 8.3 Europe 8.3.1 Germany 8.3.2 UK 8.3.3 France 8.3.4 Italy 8.3.5 Spain 8.3.6 Rest of Europe 8.4 Asia-Pacific 8.4.1 China 8.4.2 India 8.4.3 Japan 8.4.4 South Korea 8.4.5 Rest of Asia-Pacific 8.5 Middle East and Africa 8.6 South America
10 Company Profiles (This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.) 10.1 Le Creuset 10.2 Borosil Glass Works Ltd. 10.3 Churchill China plc 10.4 Fiskars Group 10.5 La Opala RG Limited 10.6 All-Clad Metalcrafters, LLC
Table 1 Serve ware market, By Product, 2023-2033 (USD Million) Table 2 Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 3 Serve ware market, By Application, 2023-2033 (USD Million) Table 4 Serve ware market, By Region, 2023-2033 (USD Million) Table 5 North America Serve ware market, By Country, 2023-2033 (USD Million) Table 6 North America Serve ware market, By Product, 2023-2033 (USD Million) Table 7 North America Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 8 North America Serve ware market, By Application, 2023-2033 (USD Million) Table 9 US Serve ware market, By Product, 2023-2033 (USD Million) Table 10 US Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 11 US Serve ware market, By Application, 2023-2033 (USD Million) Table 12 Canada Serve ware market, By Product, 2023-2033 (USD Million) Table 13 Canada Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 14 Canada Serve ware market, By Application, 2023-2033 (USD Million) Table 15 Mexico Serve ware market, By Product, 2023-2033 (USD Million) Table 16 Mexico Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 17 Mexico Serve ware market, By Application, 2023-2033 (USD Million) Table 18 Europe Serve ware market, By Country, 2023-2033 (USD Million) Table 19 Europe Serve ware market, By Product, 2023-2033 (USD Million) Table 20 Europe Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 21 Europe Serve ware market, By Application, 2023-2033 (USD Million) Table 22 Germany Serve ware market, By Product, 2023-2033 (USD Million) Table 23 Germany Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 24 Germany Serve ware market, By Application, 2023-2033 (USD Million) Table 25 UK Serve ware market, By Product, 2023-2033 (USD Million) Table 26 UK Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 27 UK Serve ware market, By Application, 2023-2033 (USD Million) Table 28 France Serve ware market, By Product, 2023-2033 (USD Million) Table 29 France Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 30 France Serve ware market, By Application, 2023-2033 (USD Million) Table 31 Italy Serve ware market, By Product, 2023-2033 (USD Million) Table 32 Italy Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 33 Italy Serve ware market, By Application, 2023-2033 (USD Million) Table 34 Spain Serve ware market, By Product, 2023-2033 (USD Million) Table 35 Spain Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 36 Spain Serve ware market, By Application, 2023-2033 (USD Million) Table 37 Rest of Europe Serve ware market, By Product, 2023-2033 (USD Million) Table 38 Rest of Europe Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 39 Rest of Europe Serve ware market, By Application, 2023-2033 (USD Million) Table 40 Asia-Pacific Serve ware market, By Country, 2023-2033 (USD Million) Table 41 Asia-Pacific Serve ware market, By Product, 2023-2033 (USD Million) Table 42 Asia-Pacific Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 43 Asia-Pacific Serve ware market, By Application, 2023-2033 (USD Million) Table 44 China Serve ware market, By Product, 2023-2033 (USD Million) Table 45 China Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 46 China Serve ware market, By Application, 2023-2033 (USD Million) Table 47 India Serve ware market, By Product, 2023-2033 (USD Million) Table 48 India Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 49 India Serve ware market, By Application, 2023-2033 (USD Million) Table 50 Japan Serve ware market, By Product, 2023-2033 (USD Million) Table 51 Japan Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 52 Japan Serve ware market, By Application, 2023-2033 (USD Million) Table 53 South Korea Serve ware market, By Product, 2023-2033 (USD Million) Table 54 South Korea Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 55 South Korea Serve ware market, By Application, 2023-2033 (USD Million) Table 56 Rest of Asia-Pacific Serve ware market, By Product, 2023-2033 (USD Million) Table 57 Rest of Asia-Pacific Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 58 Rest of Asia-Pacific Serve ware market, By Application, 2023-2033 (USD Million) Table 59 Middle East and Africa Serve ware market, By Product, 2023-2033 (USD Million) Table 60 Middle East and Africa Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 61 Middle East and Africa Serve ware market, By Application, 2023-2033 (USD Million) Table 62 South America Serve ware market, By Product, 2023-2033 (USD Million) Table 63 South America Serve ware market, By Raw Material, 2023-2033 (USD Million) Table 64 South America Serve ware market, By Application, 2023-2033 (USD Million)
List of Figures
Figure 1 Serve ware market: Market Segmentation Figure 2 Serve ware market: Research Methodology Figure 3 Breakdown of Primary Interviews Figure 4 Top Down Approach Figure 5 Bottom Up Approach Figure 6 Data Triangulation Figure 7 Serve ware market: Drivers, Restraints, Opportunities, and Challenges Figure 8 Serve ware market: Porter's Five Forces Model Analysis Figure 9 Serve ware market: Value Chain Analysis Figure 10 Serve ware market Share Analysis, By Product, 2023 and 2033 Figure 11 Serve ware market Share Analysis, By Raw Material, 2023 and 2033 Figure 12 Serve ware market Share Analysis, By Application, 2023 and 2033 Figure 13 Serve ware market Share Analysis, By Region, 2023 and 2033 Figure 14 North America Serve ware market Share Analysis, By Country, 2023 and 2033 Figure 15 North America Serve ware market Share Analysis, By Product, 2023 and 2033 Figure 16 North America Serve ware market Share Analysis, By Raw Material, 2023 and 2033 Figure 17 North America Serve ware market Share Analysis, By Application, 2023 and 2033 Figure 18 Europe Serve ware market Share Analysis, By Country, 2023 and 2033 Figure 19 Europe Serve ware market Share Analysis, By Product, 2023 and 2033 Figure 20 Europe Serve ware market Share Analysis, By Raw Material, 2023 and 2033 Figure 21 Europe Serve ware market Share Analysis, By Application, 2023 and 2033 Figure 22 Asia-Pacific Serve ware market Share Analysis, By Country, 2023 and 2033 Figure 23 Asia-Pacific Serve ware market Share Analysis, By Product, 2023 and 2033 Figure 24 Asia-Pacific Serve ware market Share Analysis, By Raw Material, 2023 and 2033 Figure 25 Asia-Pacific Serve ware market Share Analysis, By Application, 2023 and 2033 Figure 26 Middle East and Africa Serve ware market Share Analysis, By Product, 2023 and 2033 Figure 27 Middle East and Africa Serve ware market Share Analysis, By Raw Material, 2023 and 2033 Figure 28 Middle East and Africa Serve ware market Share Analysis, By Application, 2023 and 2033 Figure 29 South America Serve ware market Share Analysis, By Product, 2023 and 2033 Figure 30 South America Serve ware market Share Analysis, By Raw Material, 2023 and 2033 Figure 31 South America Serve ware market Share Analysis, By Application, 2023 and 2033 Figure 32 Serve ware market: Competitive Benchmarking Figure 33 Serve ware market: Vendor Share Analysis, 2023 (%)
Serveware Market Scope:
Report Data
Serveware Market
Serveware Market Forecast Value 2033
20.25Billion
Serveware Market CAGR 2023 - 2033
4.10%
Serveware Market Forecast Period
2023 - 2033
Serveware Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Le Creuset, Borosil Glass Works Ltd., Churchill China plc, Fiskars Group, La Opala RG Limited, and All-Clad Metalcrafters, LLC..
Key Segments
By Product
Bowls & Platters
Boards & Trays
Chafing Dish
Jugs & Beverage Pots
Condiments & Sauceboats
Compotes & Tiered Stands
Others
By Raw Material
Metal
Plastic
Glass
Ceramic
Wood
Others
By Application
Commercial
Household
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
The Research Intellica follows an extensive research methodology that involves a blend of both primary and secondary research. Information assembly and understanding the definition of the market are one of the critical points in our research process.
Key steps required in our research process:
Information Assembling: Under this stage, market data or information is collected by going through all the various methodologies, such as paid databases, TRI’s internal databases, primary research, and secondary research.
Secondary Sources: Some of the prominent examples include annual reports, press releases & investor presentations of companies, white papers, government statistics companies such as WHO, NGOs, the World Bank, and many others, regulatory bodies, trade directories.
Primary Sources: The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies. The primary sources from the supply side include associations and institutions involved in the particular industry, key opinion leaders, and processing players.
Data Analysis: Our data is the Intellica of our research, and to stand out in the market, we analyse the data with statistical tools such as regression analysis and factor analysis. Our data analytics model aids in market forecasting. Common parameters are as follows:
Macro-economic factors
Demographics
Technology & innovation
Regional Patterns
Value Chain/ Supply Chain
Market dynamics
Industry Trends
Market Estimation: Both, bottom-up and top-down approaches were used to estimate and validate the size of the global market. The key players in the industry and markets were identified through extensive secondary research. The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as directors and marketing executives.
Bottom-Up Approach:
Top-down Approach:
Market Breakdown & Data Triangulation:
In order to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size was validated by using both, the top-down and bottom-up approaches.
Market Stakeholders:
Raw Material Suppliers
Manufacturers
System Integrators
Distributors
End-users
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