The Global Organic Dinnerware Market Anticipated to Generate a Revenue of $1967.5 Million, Growing at a CAGR of 5.84% from 2022 to 2030Download Sample Reports Overview
The global organic dinnerware market is estimated to be valued at $1967.5 million by 2030, surging from $1163.8 million in 2021, at a noteworthy CAGR of 5.84%.
Impact Analysis of COVID-19 on the Organic Dinnerware Market
The global market for organic dinnerware is estimated to experience a moderate growth amid the COVID-19 pandemic. This moderate growth is the result of disruption in supply chain of organic dinnerware and market disruption.
On the other hand, people at home are focusing more on cooking and home renovations along with online shopping which might increase the demand for organic dinnerware. Moreover, restart of malls, HoReCa (Hotels, Restaurants, Cafés), and supermarkets are assisting merchants and other players in the value chain to return to business. During the ongoing COVID-19 pandemic, several companies have moved to internet business and ecommerce to keep their businesses afloat. Due to clients' low buying capacity, brands are providing deals, discounts, and other appealing incentives to them.
Furthermore, certain key vendors operating in organic dinnerware market are expecting positivity post pandemic. For example, Garbo Tableware, a Chinese tableware company, announced in December 2020, that natural design tableware such as ocean blue cups, leaf-shaped tableware, and others are expected to be popular in in the coming years since people got the time to connect with nature during home quarantine. All such factors are predicted to positively impact the global organic dinnerware market size amid the pandemic.
Global Organic Dinnerware Market Analysis
The enormous growth of the global organic dinnerware market is mainly attributed to increasing health-conscious consumers along with adoption of organic shaped dinnerware, organic shaped plates, and organic products. Moreover, increasing trend and adoption of organic food and other items, including dinnerware, is another factor that is expected to trigger the growth of the target market. Also, dinnerware is connected with sentiments of people and depend upon the religion and culture. For instance, in many Asian countries people are not preferring plates that are made up with animal residues and using organic dinnerware or organic based dinnerware. In addition to this, eating in banana leaves is very common in India and now various countries are adopting the same; banana leaves are abundant in polyphenols, which are natural antioxidants similar to those found in green tea, and are therefore healthy to eat. By battling free radicals, polyphenols protect the body from disease. In banana leaf plate, polyphenol oxidase, an enzyme used to treat Parkinson's disease, is plentiful. These types of elements will attract consumers to adopt organic dinnerware which is expected to fuel the market growth.
Lack of awareness about the organic dinnerware and their benefits to the environment may create a crack between the execution and understanding of the concept of organic dinnerware. Furthermore, organic dinnerware are costly because they are limited. Such key issues may create a negative impact on the market during the forecast period.
The increasing adoption of ceramic based dinnerware may create huge opportunities for the market in the future. Also, rising trends of modular kitchen installation and home renovation projects are further supporting the market growth. Moreover, ceramic is healthiest of all the materials in dinnerware as it is non-porous, safe to use, light weight, heat resistant, excellent electrical insulator along with non-toxic nature. In addition, dinnerware made of ceramic comes in a different range of shapes, sizes, and colors. It is thought to be the greatest of all the materials at a low cost.
Furthermore, using wooden dinnerware is also one of the best ways to adopt organic dinnerware. The most significant benefit of utilizing wooden cutlery is that it is completely compostable. You can help the environment by using compostable disposable wood cutlery. Several disposable wood cutlery manufacturers do not employ any toxic chemicals in their products, making them fully safe to use. All such factors will lead to lucrative market opportunities in the market in the upcoming years.
Global Organic Dinnerware Market, Segmentation
The global organic dinnerware market is segmented based on type, distribution channel, and region.
The type segment is further classified into plates, bowls, cup sets, and others. Among these, the plates type sub-segment is anticipated to have the fastest growth as well as dominant share and surpass $936.3 million by 2028, with an increase from $527.9 million in 2021.
The market growth of plates sub-segment can be attributed to its popularity among the hospitality sectors. Moreover, rising trends of eco-friendly or organic plates are some of the factors that might fuel the organic dinnerware market growth. On the top of that, dinnerware that are microwave-safe, dishwasher-safe, and lead-free are on high demand, therefore ceramic tableware startups are capitalizing on these trends by offering the plates and other dinnerware items that are microwave-safe, dishwasher-safe, and lead-free. Despite minor color or design variations in handmade ceramic tableware, these sets are suitable for serving large dinners, curries, and desserts. In ceramic tableware, bright and minimalist colors are favored. All such factors may create a positive impact on the sub-segment throughout the forecast period.
The distribution channel segment is further divided into home and commercial. The commercial sub-segment is anticipated to have a dominating sub-segment share in the global market and register a revenue of $1073.8 million during the analysis timeframe.
This growth is projected to the increased demand for organic dinnerware in commercial sectors such as hotels, restaurant, and others in developing countries as people are adopting organic items for eating as well as serving. Moreover, growing craze of the modern generation towards hotels and restaurants might increase the use of organic dinnerware. Growing business sectors are influencing organic dinnerware market, particularly the hospitality sector. The hotel industry is thriving in developing countries like India and China, and significant investment has been invested in the sector. As a result of the rise of startups like OYO rooms and fabhotels, the number of hotels has expanded significantly in recent years. As a result, some hotel companies have improved their products and services to obtain a competitive advantage over newcomers, resulting in increased demand over the predicted period. Furthermore, rising trends of eco-friendly or organic plates are some of the factors that might fuel the organic dinnerware market growth. These aspects may aid in the generation of a lucrative revenue for the market throughout the forecast period.
The organic dinnerware market in the Asia-Pacific region is expected to experience fastest growth and accounted for $337.2 million in 2021 and reach up to $594.0 million by 2030.
The demand for organic dinnerware is growing in the Asia-Pacific region specifically because of factors such as increasing prevalence of porcelain based organic dinnerware manufacturers across the region. Moreover, changes in lifestyle, an increasing number of brand-conscious clients, and a need for organic products will all contribute to the company's success. Furthermore, increased customer adoption of e-commerce for purchasing is one of the reasons driving market growth in Asia-Pacific. Furthermore, in the coming years, growing research & development spending from India and China is likely to contribute to the growth of the Asia-Pacific organic dinnerware market.
Moreover, due to significant demand from developing countries such as India and China, Asia-Pacific region is the fastest expanding geographical market. In the projected future, the market is expected to be driven by changing lifestyles and rising disposable income. A significant driving force is the increase in the number of houses due to population growth and rapid development. Furthermore, the regional market is expected to rise due to an increase in the number of hotels, pubs, bars, and other dining alternatives over the projected period.
Key Players in the Global Organic Dinnerware Market
Some of the leading global organic dinnerware market players are
- Royal Doulton
- Guy Degrenne
- Royal Worcester