India Commercial Tableware Services Market Size & Outlook
India commercial tableware services market, 2016-2028 (US$M)
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India commercial tableware services market highlights
- The India commercial tableware services market generated a revenue of USD 597.1 million in 2020 and is expected to reach USD 964.7 million by 2028.
- The India market is expected to grow at a CAGR of 6.2% from 2021 to 2028.
- In terms of segment, dinnerware was the largest revenue generating product in 2020.
- Dinnerware is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial tableware services market data book summary
| Market revenue in 2020 | USD 597.1 million |
| Market revenue in 2028 | USD 964.7 million |
| Growth rate | 6.2% (CAGR from 2020 to 2028) |
| Largest segment | Dinnerware |
| Fastest growing segment | Dinnerware |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dinnerware, Cutlery |
| Key market players worldwide | Cardinal Health Inc, Fiskars Oyj, Villeroy & Boch AG Vorz-Inhaber-Akt stimmrechtslos, Pigeon Corp, Victorinox, Steelite International, Libbey, Royal Doulton, Denby Pottery Company, Gibson Overseas, Republic Plastics, L'Oreal SA, Boscia, Churchill China plc |
Other key industry trends
- In terms of revenue, India accounted for 7.8% of the global commercial tableware services market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China commercial tableware services market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 964.7 million by 2028.
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Commercial Tableware Services Market Scope
Commercial Tableware Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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India commercial tableware services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial tableware services market will help companies and investors design strategic landscapes.
Dinnerware was the largest segment with a revenue share of 58.77% in 2020. Horizon Databook has segmented the India commercial tableware services market based on dinnerware, cutlery covering the revenue growth of each sub-segment from 2016 to 2028.
India is a huge market for commercial tableware products and is characterized by cultural diversity and rapidly urbanizing population. The market is primarily driven by a young population willing to spend on eateries, adoption of international cuisines across restaurants & casual dining setups, and most importantly, the gradual inclusion of unorganized foodservice segments into the organized sector.
With one of the highest millennial populations (the country’s median age is 29 years) and varying food habits, along with huge entrepreneurial & employment potential, India has witnessed a massive rise in demand for commercial kitchen spaces. This has been accompanied by a steady rise in online food ordering platforms, enabling foodservice entities to operate cost-effectively and penetrate the country’s tier 2 & 3 cities.
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Target buyers of India commercial tableware services market databook
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Our clientele includes a mix of commercial tableware services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India commercial tableware services market, including forecasts for subscribers. This country databook contains high-level insights into India commercial tableware services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India commercial tableware services market report size, by product, 2016-2028 (US$M)
India Commercial Tableware Services Market Share, 2020 & 2028 (US$M)
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