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North America Tabletop Kitchen Products Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The North America tabletop kitchen products market was valued at USD 9.3 billion in 2022 and is projected to expand at a CAGR of 7.4% from 2023 to 2030. The growing consumer preference for convenience and portability has driven the demand for tabletop kitchen products in the region. An increasing number of working-class individuals and nuclear households are expected to fuel the demand for these products. Furthermore, the rising trend of eating home-cooked meals is also likely to propel the demand for tabletop kitchen products in the region.
Manufacturers are focusing on introducing innovative products to meet the changing consumer needs. For instance, in 2021, Cuisinart launched a range of tabletop kitchen products, such as toaster ovens, food processors, and electric griddles. The company is focusing on providing products with advanced features such as digital controls, LCD screens, and heating elements to enhance the convenience of users. Companies are also launching products with eco-friendly features, such as energy-efficient ovens, to reduce electricity consumption.
The increasing popularity of Instagram, food bloggers, and healthy eating trends has increased the importance of presentation for meals. This has encouraged the use of kitchenware with aesthetically pleasing designs. The use of bright colors, sleek designs, and creative shapes is expected to further drive the demand for tabletop kitchen products. For instance, in 2021, KitchenAid launched a line of ceramic bakeware with vibrant colors and stylish designs. The product range includes mixing bowls, a variety of oven dishes, and cake pans.
The growing trend of throwing dinner parties and barbeques has also propelled the demand for tabletop kitchen products. For instance, in 2021, Weber launched a range of tabletop kitchen products, such as portable charcoal grills, portable gas grills, and electric grills. Furthermore, companies are introducing products that are easy to use and are portable. For instance, in 2021, Cuisinart launched a line of portable tabletop kitchen products, such as deep fryers, griddles, and waffle irons. The growing popularity of outdoor activities is likely to further drive the demand for these products in the near future.
Product Insights
The cookware segment led the market and accounted for a share of around 32.5% in 2022. The growing demand for kitchenware products such as pots, pans, and other utensils is driving the growth of the cookware market. The increasing number of nuclear families and the rise in disposable income have enabled consumers to purchase various kitchenware products. Furthermore, the increasing demand for kitchenware products due to the emergence of various online and offline retail stores is also contributing to the growth of the cookware market.
The tabletop kitchen appliances segment is anticipated to expand at the fastest CAGR of 7.4% over the forecast period. The increasing demand for kitchen appliances such as blenders, mixers, and toasters is driving the growth of the tabletop kitchen appliances market. The increasing popularity of healthy eating habits has increased the demand for kitchen appliances such as blenders, which can be used to make smoothies and juices. Furthermore, the growing awareness regarding convenience and the emergence of several online and offline retail stores are other factors driving the growth of the tabletop kitchen appliances market.
Distribution Channel Insights
The supermarkets and hypermarkets segment held the leading share of the North America tabletop kitchen products market in 2022. Supermarkets and hypermarkets are the most preferred distribution channel for the sales of tabletop kitchen products in the region. The availability of a wide range of products and ease of shopping, along with the convenience of one-stop shopping for all household requirements, are driving the growth of the segment. Further, supermarkets and hypermarkets offer a wide range of products from various suppliers, which helps customers compare prices and quality, ultimately leading to an increase in sales of tabletop kitchen products.
The online segment is expected to register a CAGR of 8.3% during the forecast period. Online sales of tabletop kitchen products are gaining traction due to the growing number of internet users in the region. Further, the ease of shopping and the availability of a wide range of products are expected to drive the segment. The increasing number of online stores and the availability of discounts, offers, and other promotional activities are likely to augment the growth of the segment.
Type Insights
The dinnerware segment accounted for the largest revenue share of 79% in the year 2022. The growing trend of indoor parties and recreational activities is driving the demand for dinnerware sets, such as dinner plates, side plates, and bowls. Furthermore, the increasing demand for dinnerware sets with an aesthetically pleasing design is also fueling the segment’s growth. For instance, in June 2022, Lenox Corporation, a U.S.-based manufacturer of dinnerware, launched a dinnerware set named “Harmony”, which has an eye-catching design with bold colors.
The bakeware segment is anticipated to expand at the highest CAGR of 9.2% over the forecast period. The rising trend of baking as a leisure activity and hobby is driving the demand for bakeware. Furthermore, the growing popularity of home-baked products has further propelled the demand for bakeware. For instance, in April 2022, Wilton Brands, a U.S.-based home baking products company, launched a bakeware set called “Easy Layers! Round Cake Pan Set.” The set includes four round cake pans of different sizes, which are ideal for baking cakes with multiple layers.
Regional Insights
The North American tabletop kitchen products market accounted for the largest revenue share of over 37.2% in 2022. The increase in the demand for kitchen products from the growing restaurant and hospitality industry and rising disposable income of the population are the main factors driving the market growth in the region. Additionally, the presence of many prominent players in the region, such as Corelle Brands, LLC, Newell Brands, Inc., and Pfaltzgraff, is expected to further boost the demand for tabletop kitchen products in the region. For instance, in June 2021, Corelle Brands, LLC launched a new range of tabletop kitchenware, including plates, mugs, and bowls, which are designed using the brand’s signature Vitrelle glass technology.
The Asia Pacific region is expected to grow at the fastest rate in the coming years. The growing number of restaurants and hotels, increasing disposable income of the population, and rising awareness about the latest kitchen products are the major factors driving the growth of the market in the region. For instance, in October 2021, Temerity launched a new range of kitchen products, including dinnerware, serve ware, and glassware, in India.
Financial Projections
In this part of the North America Tabletop Kitchen Products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for our products. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a North America Tabletop Kitchen Products business comes from direct sales, online sales, wholesale, and retail. Here you will find a list with a description of each of them and other possible sources of profit such as advertising, promotions, and incentives.
Projecting Expenses
In this section, all the regular expenses related to keeping the North America Tabletop Kitchen Products business running will be described. The list of operating expenses includes materials, production costs, labor costs, advertising, marketing, taxes, insurance policies, and others.
Key companies & market share insights
Some of the key companies operating in the North America tabletop kitchen products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In August 2022, General Electric launched a new line of gas and electric cooking appliances.
– In October 2022, Whirlpool Corporation launched a line of refrigerators designed for small kitchens.
– In June 2022, KitchenAid launched a series of kitchen countertop appliances designed for small kitchens.
Some of the prominent players in the North America tabletop kitchen products market include:
– General Electric
– Whirlpool Corporation
– Electrolux AB
– LG Electronics
– Samsung Electronics
– KitchenAid
– Cuisinart
– Hamilton Beach Brands
– Breville Group
– Braun GmbH
Global North America Tabletop Kitchen Products Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global men’s tabletop kitchen products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Cookware
– Dinnerware
– Tabletop Accessories
– Coffee & Tea Accessories
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Specialty Stores
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Mass
– Premium
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the Major Trends in the North America Tabletop Kitchen Products Market?
[A]: The North America tabletop kitchen products market is witnessing a shift towards eco-friendly products, as consumers are becoming more conscious of their environment and are increasingly opting for sustainable products. Additionally, the growing popularity of subscription-based meal delivery services is expected to drive the market in the near future. Furthermore, the rising demand for food preparation appliances, such as electric ovens, blenders, and mixers, is expected to boost the demand for tabletop kitchen products.
[Q]: Who are the Key Players in the North America Tabletop Kitchen Products Market?
[A]: The major players in the North America tabletop kitchen products market are Koninklijke Philips N.V., Newell Brands, Inc., Pental Products, LLC, and All-Clad Metalcrafters LLC.
[Q]: What are the Opportunities and Challenges Faced by the North America Tabletop Kitchen Products Market?
[A]: The growing demand for food preparation appliances is expected to create opportunities for the market. Furthermore, the increasing demand for subscription-based meal delivery services is expected to drive the market in the near future. On the other hand, the high cost of raw materials is expected to challenge the market’s growth.
[Q]: Which Countries are Expected to be Key Markets for North America Tabletop Kitchen Products?
[A]: The US and Canada are expected to be the key markets for North America tabletop kitchen products, due to the high demand for kitchen appliances in these countries. Furthermore, the increasing consumer awareness and the rising number of households are expected to drive the demand for tabletop kitchen products in these countries.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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