by Corinne Gangloff
September 19, 2018
Cleveland, OH, September 19, 2018 — US demand for tableware and kitchenware is projected to increase 1.3% annually in nominal terms through 2022, according to Tableware & Kitchenware: United States, a report recently released by Freedonia Focus Reports. Increased interest in at-home cooking, partially driven by meal kit services, will boost revenues. Continued growth in disposable personal income, foodservice industry revenues, new marriages, household formation, and home sales will also contribute to gains. However, a highly competitive market caused by the entrance of several new companies utilizing a direct-to-consumer business model will limit further growth.
Demographic trends will represent a key driver of sales over the forecast period. Increases in the 25-to-34-year-old age group will benefit the market for tableware and kitchenware products, as this segment represents the largest share of new households and marriages, and includes first time homebuyers. An increase in 55-64 year-olds will further support gains, as members of this age group possess higher levels of disposable income than the broader population, supporting replacement purchases. In addition, this group purchases second homes at a relatively high rate, further driving sales.
These and other key insights are featured in Tableware & Kitchenware: United States. This report forecasts to 2022 US tableware and kitchenware demand and shipments in nominal US dollars at the manufacturer level. Total demand and shipments are segmented by product in terms of:
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2007 to 2017.
The products covered in this report constitute items used to prepare, serve, consume, and store food. Dinnerware made of solid bleached paperboard or polystyrene foam is excluded from this report, as well as cast-iron cookware. Re-exports of tableware and kitchenware are excluded from demand and trade figures.
This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Survey has a sample size of approximately 2,000, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.
More information about the report is available at:
https://www.freedoniafocusreports.com/Tableware-Kitchenware-United-States-FF90014/
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