Global Serveware Market Ascends at a Noteworthy CAGR of 3.84%

Introduction

Serveware is essential for increasing the culinary delights of consumers throughout the world. They have played an important part in enhancing the visual appeal of food while serving visitors in a variety of settings. In restaurants and cafes, the usage of white dishware for plating is prevalent. Their demand for commercial applications has increased in recent years, driving market evolution. In addition to being used for serving meals, a vast selection of serveware can also be used as cooking utensils, hence expanding consumers' options. Ceramic and glassware have achieved tremendous popularity among homes in developing and developed nations, consequently bolstering the market outlook for serveware.

Market Dynamics

Impact of social media & cooking shows

Social media and cooking shows on television have had a substantial impact on generating, keeping, and shifting consumer demand. The Great British Bake Off, Chopped, Top Chef, Good Eats, Hell's Kitchen, Chef's Table, Master Chef, Iron Chef, and The Kitchen emphasize plating and serving techniques frequently. Food presentation enhances the eating experience, and serving platters, bowls, boards, trays, compotes, and tiered stands play a significant role in attaining this goal. Meal bloggers and social media influencers on sites such as Pinterest and Instagram place a great deal of attention on aesthetic plating to make food appear tasty and beautiful. This development will continue to drive market expansion.

Streamline the vendor risk assessment process

Many hotels and restaurants utilize serveware that is designed to entice customers, and this presentation can occasionally disguise the bad flavor of meals. Today, white-colored serveware is utilized to accentuate the colors of cuisine. Therefore, significant firms are concerned with selecting serveware that consumers find appealing and attractive. This element provides the potential for market expansion.

Regional Analysis

The market is split by region into North America, Europe, Asia-Pacific, and LAMEA.

In 2018, Europe was the largest regional market for serveware, accounting for over 30.0% of worldwide revenue. Amara Living Ltd, Bernardaud, Christofle, Crate and Barrel, Dansk, Legle Legrand Lebouc, Mario Luca Giusti, and Porzellanmanufaktur Fürstenberg GmbH are some of the largest and oldest ceramic ware and stoneware manufacturers in the region. They are well-known for their handcrafted tableware. The influence of art, culture, and history is a defining characteristic of the tableware produced by these players.

Asia-Pacific is anticipated to be the fastest-growing geographical market for serveware items between 2022 and 2030, with a CAGR of 4.2%. Ceramic-based serveware has been in use for a long time in countries such as Japan and China; its progressive adoption has been witnessed in rising nations such as India and Bangladesh.

Key Highlights

• The global serveware management market was valued at USD 12.18 billion in 2021 and is projected to reach USD 17.1 billion by 2030, registering a CAGR of 15.21% from 2022 to 2030.
• Households is expected to be the fastest-growing market segment, registering a CAGR of 3.9% from 2022 to 2030.
• The Asia Pacific is expected to be the fastest-growing regional market for serveware products.

Competitive Players

Competitive Players

• Le Creuset
• Borosil Glass Works Ltd.
• Churchill China plc
• Fiskars Group
• La Opala RG Limited
• All-Clad Metalcrafters, LLC

Recent Developments

Recent Developments

Hawkins Futura is offering cook-n-serve bowls that are appropriate for cooking and serving

Segmentation

Global Serveware Market Segmentation

Product Outlook

• Bowl & Platters
• Boards & Trays
• Chafing Dish
• Jugs & Beverage Pots
• Condiments & Sauceboats
• Compotes & Tiered Stands
• Others

Raw Material Outlook

• Metal
• Plastic
• Glass
• Ceramic
• Wood & Others

Application Outlook

• Commercial
• Household

Regional Outlook

• North America
  • The U.S.

• Europe
  • Germany
  • The U.K.

• Asia Pacific
  • China
  • India

• Central & South America
  • Brazil

• Middle East & Africa (MEA)
  • South Africa