Tabletop Kitchen Products Market Size, Share, & Trends Analysis Report (2023 – 2030)

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Report Overview

The global tabletop kitchen products market was valued at USD 22.7 billion in 2022 and is projected to expand at a CAGR of 4.4% from 2023 to 2030. Growing consumer interest in home cooking and increased demand for convenience foods are the key factors driving the market. Increasing disposable incomes and changing lifestyles, combined with the growth of the hospitality industry, are also propelling the growth of the global market. Furthermore, the increasing trend of online purchases of household items has led to a surge in the demand for tabletop kitchen products.

Consumers worldwide are investing heavily in kitchen appliances and other items for their homes. The rising trend of urbanization, coupled with the increasing preference for ready-to-eat meals and convenience foods, is further driving the demand for tabletop kitchen products. Furthermore, the growing number of households and the increasing preference for home cooking are projected to drive the growth of the global market.

The COVID-19 pandemic has resulted in a surge in the demand for tabletop kitchen products. People are increasingly opting for home cooking as they are unable to enjoy meals outside due to the lockdowns and restrictions. Furthermore, governments across the globe have been promoting at-home dining due to the pandemic. This has resulted in an increase in the demand for kitchenware, such as cookware, bakeware, tableware, and other kitchen items.

The increasing preference for online shopping is also propelling the growth of the global market. Online shopping offers the convenience of buying kitchen items from the comfort of their homes, with the added advantage of discounted prices and a wide variety of products. Furthermore, the increasing penetration of the internet and smartphones has also led to an increase in the number of online shoppers.

Key players in the global market are investing heavily in product innovation and technology to stay ahead of the competition. For instance, in April 2021, Hamilton Beach Brands Holding Company announced the launch of its new line of 12-in-1 countertop ovens. The new line of ovens offers 12 cooking functions in one appliance, including air fry, bake, broil, toast, warm, pizza, and more. The launch of such innovative products is expected to further fuel the growth of the global market.

Product Insights

The cookware segment dominated the market in 2021 and is expected to retain its position during the forecast period. Growing demand for high-end cookware products, including stainless steel and non-stick cookware, among consumers is driving the segment growth. According to an article published by Grand View Research, in March 2020, the stainless steel cookware segment generated the highest revenue in 2019 and is expected to register the highest CAGR between 2020 and 2027. Furthermore, the growing trend of outdoor cooking activities is also driving the sales of cookware products across the world.

The tabletop products segment is expected to register the fastest CAGR of 7.5% over the forecast period. Growing demand for luxury and designer kitchen products, increasing preference for dining and entertaining at home, and growing awareness about home décor are some of the major factors driving the segment growth. According to an article published by Grand View Research, in March 2020, the demand for designer and luxury kitchenware products is increasing at a significant rate, owing to the rising disposable income of consumers. In addition, the growing trend of outdoor dining activities is also driving the sales of tabletop products worldwide.

Distribution Channel Insights

The supermarkets and hypermarkets segment captured the major share of over 41.3% in 2022. This can be attributed to the widespread presence of these stores across the world. They provide convenient access to a wide range of products and help customers in making quick purchase decisions. In addition, the availability of attractive discounts, promotional offers, and frequent customer loyalty programs offered by these stores are driving the segment’s growth.

The online segment is expected to expand at the highest CAGR of 12.6% over the forecast period. The emergence of online marketplaces, such as Amazon and Flipkart, has revolutionized the purchasing of tabletop kitchen products. They offer a wide range of products and services such as free delivery, discounts, and convenience to customers. In addition, the presence of a large number of online stores has increased the availability of kitchen products, thereby driving the segment’s growth.

Type Insights

The tabletop kitchen product market is bifurcated into plastic and metal based on material type. The plastic segment is estimated to be the most dominant segment in 2022 and is projected to expand at a CAGR of 8.3% over the forecast period. The segment is estimated to account for a market share of 54.7% in 2022. Plastic kitchen products are available in various colors and designs, which is one of the major factors driving the growth of the segment. Furthermore, plastic kitchen products are durable and cost-effective, which is also driving the demand for the segment.

The metal segment is expected to expand at a CAGR of 8.0% during the forecast period. Metal kitchen products are durable and have high strength, which makes them ideal for everyday use. Moreover, metal kitchen products are easily available in a variety of shapes and sizes, which is also driving the growth of the segment. Additionally, the increasing trend of vintage kitchen products is further propelling the demand for metal kitchen products. For instance, in April 2021, Gibson USA, a U.S.-based kitchenware company, launched a limited edition vintage kitchenware collection.

Regional Insights

Europe is expected to be the largest market for tabletop kitchen products, accounting for a revenue share of nearly 32.2% in 2022. The region is home to prominent players, such as Bosch, IKEA, and Siemens, and is witnessing a significant rise in the disposable income of consumers, which is further fuelling the market growth in the region. For instance, according to Eurostat, the disposable income of individuals in the United Kingdom increased from £1,735.90 in 2017 to £1,865.90 in 2020.

Asia Pacific is expected to be the fastest-growing region in the forecast period. Increasing urbanization and rising disposable incomes are driving the growth of the market in the region. The growing preference for electronic products, such as air fryers, grills, and ovens, is further expected to boost the growth of the market. For instance, in April 2021, Panasonic launched a new line of kitchen appliances in India, including air fryers and grills.

Financial Projections

In this part of the 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 your tabletop kitchen products. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a tabletop kitchen products business comes from retail sales, online sales, wholesale sales, and distribution. Here you will find a list with a description of each of them and other possible sources of profit such as advertising, licensing, and product endorsements.

Projecting Expenses

In this section, all the regular expenses related to keeping the tabletop kitchen products business running will be described. The list of operating expenses includes materials, labor, rent, utilities, marketing and advertising, insurance policies, administrative costs, and others.

Key companies & market share insights

Some of the key companies operating in the 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 June 2022, IKEA launched a new range of kitchen products, including a range of dinner plates, dinner sets, and glassware in various colors and designs.

– In October 2022, Corning Inc. launched a new range of dinnerware and cookware, with a range of colors and designs.

– In August 2022, Corelle Brands LLC launched a new range of dinnerware, cookware, and bakeware, including plates, bowls, and mugs.

Some of the prominent players in the tabletop kitchen products market include:

– IKEA
– Corning Inc.
– Corelle Brands LLC
– Tupperware Brands Corporation
– World Kitchen, LLC
– Libbey Inc.
– Churchill China
– Arc International
– Homer Laughlin China Company
– Villeroy & Boch AG

Global 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 tabletop kitchen products market based on product, distribution channel, type, region, and application:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Tableware
– Kitchen Storage
– Kitchen Appliances
– Bakeware
– Cutlery & Utensils
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– 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

5. Application Outlook (Revenue, USD Million, 2017 – 2030)

– Household
– Commercial
– Industrial

Frequently Asked Questions

[Q]: What are the key factors driving the tabletop kitchen product market?
[A]: Key factors driving the market are the increasing demand for convenience, rising disposable income, and the growing trend of home cooking. Moreover, the demand for technologically advanced kitchen appliances is also increasing, as consumers are looking for innovative products to make cooking easier and more efficient. Additionally, the growing trend of organizing parties and events at home is also driving the demand for tabletop kitchen products.

[Q]: Who are the key players in the tabletop kitchen product market?
[A]: Some of the key players in the market include Tupperware Brands Corporation, Corelle Brands LLC, The Pampered Chef Ltd., Libbey Inc., World Kitchen LLC, and Arc International.

[Q]: What are the major trends and developments in the tabletop kitchen product market?
[A]: The major trends in the market include the increasing popularity of online retailing, the growing trend of customization, and the introduction of smart kitchen products. Furthermore, manufacturers are focusing on introducing products with new and innovative features to cater to the changing needs of consumers.

[Q]: What is the potential of product innovation in the tabletop kitchen product market?
[A]: Manufacturers are focusing on introducing products with new and innovative features to cater to the changing needs of consumers. Product innovation has been a source of worry for the manufacturer. However, the simple introduction of extra functionalities within the product is increasingly raising its demand from customers.

[Q]: Which region offers the largest opportunity for sales of tabletop kitchen products?
[A]: With an absolute dollar opportunity of $19 B (USD), North America is expected to be lucrative for the tabletop kitchen product market.

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Tabletop Kitchen Products Market Size, Share, & Trends Analysis Report (2023 – 2030)

Report Overview

The global tabletop kitchen products market was valued at USD 22.7 billion in 2022 and is projected to expand at a CAGR of 4.4% from 2023 to 2030. Growing consumer interest in home cooking and increased demand for convenience foods are the key factors driving the market. Increasing disposable incomes and changing lifestyles, combined with the growth of the hospitality industry, are also propelling the growth of the global market. Furthermore, the increasing trend of online purchases of household items has led to a surge in the demand for tabletop kitchen products.

Consumers worldwide are investing heavily in kitchen appliances and other items for their homes. The rising trend of urbanization, coupled with the increasing preference for ready-to-eat meals and convenience foods, is further driving the demand for tabletop kitchen products. Furthermore, the growing number of households and the increasing preference for home cooking are projected to drive the growth of the global market.

The COVID-19 pandemic has resulted in a surge in the demand for tabletop kitchen products. People are increasingly opting for home cooking as they are unable to enjoy meals outside due to the lockdowns and restrictions. Furthermore, governments across the globe have been promoting at-home dining due to the pandemic. This has resulted in an increase in the demand for kitchenware, such as cookware, bakeware, tableware, and other kitchen items.

The increasing preference for online shopping is also propelling the growth of the global market. Online shopping offers the convenience of buying kitchen items from the comfort of their homes, with the added advantage of discounted prices and a wide variety of products. Furthermore, the increasing penetration of the internet and smartphones has also led to an increase in the number of online shoppers.

Key players in the global market are investing heavily in product innovation and technology to stay ahead of the competition. For instance, in April 2021, Hamilton Beach Brands Holding Company announced the launch of its new line of 12-in-1 countertop ovens. The new line of ovens offers 12 cooking functions in one appliance, including air fry, bake, broil, toast, warm, pizza, and more. The launch of such innovative products is expected to further fuel the growth of the global market.

Product Insights

The cookware segment dominated the market in 2021 and is expected to retain its position during the forecast period. Growing demand for high-end cookware products, including stainless steel and non-stick cookware, among consumers is driving the segment growth. According to an article published by Grand View Research, in March 2020, the stainless steel cookware segment generated the highest revenue in 2019 and is expected to register the highest CAGR between 2020 and 2027. Furthermore, the growing trend of outdoor cooking activities is also driving the sales of cookware products across the world.

The tabletop products segment is expected to register the fastest CAGR of 7.5% over the forecast period. Growing demand for luxury and designer kitchen products, increasing preference for dining and entertaining at home, and growing awareness about home décor are some of the major factors driving the segment growth. According to an article published by Grand View Research, in March 2020, the demand for designer and luxury kitchenware products is increasing at a significant rate, owing to the rising disposable income of consumers. In addition, the growing trend of outdoor dining activities is also driving the sales of tabletop products worldwide.

Distribution Channel Insights

The supermarkets and hypermarkets segment captured the major share of over 41.3% in 2022. This can be attributed to the widespread presence of these stores across the world. They provide convenient access to a wide range of products and help customers in making quick purchase decisions. In addition, the availability of attractive discounts, promotional offers, and frequent customer loyalty programs offered by these stores are driving the segment’s growth.

The online segment is expected to expand at the highest CAGR of 12.6% over the forecast period. The emergence of online marketplaces, such as Amazon and Flipkart, has revolutionized the purchasing of tabletop kitchen products. They offer a wide range of products and services such as free delivery, discounts, and convenience to customers. In addition, the presence of a large number of online stores has increased the availability of kitchen products, thereby driving the segment’s growth.

Type Insights

The tabletop kitchen product market is bifurcated into plastic and metal based on material type. The plastic segment is estimated to be the most dominant segment in 2022 and is projected to expand at a CAGR of 8.3% over the forecast period. The segment is estimated to account for a market share of 54.7% in 2022. Plastic kitchen products are available in various colors and designs, which is one of the major factors driving the growth of the segment. Furthermore, plastic kitchen products are durable and cost-effective, which is also driving the demand for the segment.

The metal segment is expected to expand at a CAGR of 8.0% during the forecast period. Metal kitchen products are durable and have high strength, which makes them ideal for everyday use. Moreover, metal kitchen products are easily available in a variety of shapes and sizes, which is also driving the growth of the segment. Additionally, the increasing trend of vintage kitchen products is further propelling the demand for metal kitchen products. For instance, in April 2021, Gibson USA, a U.S.-based kitchenware company, launched a limited edition vintage kitchenware collection.

Regional Insights

Europe is expected to be the largest market for tabletop kitchen products, accounting for a revenue share of nearly 32.2% in 2022. The region is home to prominent players, such as Bosch, IKEA, and Siemens, and is witnessing a significant rise in the disposable income of consumers, which is further fuelling the market growth in the region. For instance, according to Eurostat, the disposable income of individuals in the United Kingdom increased from £1,735.90 in 2017 to £1,865.90 in 2020.

Asia Pacific is expected to be the fastest-growing region in the forecast period. Increasing urbanization and rising disposable incomes are driving the growth of the market in the region. The growing preference for electronic products, such as air fryers, grills, and ovens, is further expected to boost the growth of the market. For instance, in April 2021, Panasonic launched a new line of kitchen appliances in India, including air fryers and grills.

Financial Projections

In this part of the 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 your tabletop kitchen products. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a tabletop kitchen products business comes from retail sales, online sales, wholesale sales, and distribution. Here you will find a list with a description of each of them and other possible sources of profit such as advertising, licensing, and product endorsements.

Projecting Expenses

In this section, all the regular expenses related to keeping the tabletop kitchen products business running will be described. The list of operating expenses includes materials, labor, rent, utilities, marketing and advertising, insurance policies, administrative costs, and others.

Key companies & market share insights

Some of the key companies operating in the 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 June 2022, IKEA launched a new range of kitchen products, including a range of dinner plates, dinner sets, and glassware in various colors and designs.

– In October 2022, Corning Inc. launched a new range of dinnerware and cookware, with a range of colors and designs.

– In August 2022, Corelle Brands LLC launched a new range of dinnerware, cookware, and bakeware, including plates, bowls, and mugs.

Some of the prominent players in the tabletop kitchen products market include:

– IKEA
– Corning Inc.
– Corelle Brands LLC
– Tupperware Brands Corporation
– World Kitchen, LLC
– Libbey Inc.
– Churchill China
– Arc International
– Homer Laughlin China Company
– Villeroy & Boch AG

Global 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 tabletop kitchen products market based on product, distribution channel, type, region, and application:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Tableware
– Kitchen Storage
– Kitchen Appliances
– Bakeware
– Cutlery & Utensils
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– 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

5. Application Outlook (Revenue, USD Million, 2017 – 2030)

– Household
– Commercial
– Industrial

Frequently Asked Questions

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