Latin America Commercial Tableware Services Market Size & Outlook
Latin America commercial tableware services market, 2016-2028 (US$M)
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Latin America commercial tableware services market highlights
- The Latin America commercial tableware services market generated a revenue of USD 672.0 million in 2020.
- The market is expected to grow at a CAGR of 3.2% 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.
Latin America data book summary
| Market revenue in 2020 | USD 672.0 million |
| Market revenue in 2028 | USD 863.2 million |
| Growth rate | 3.2% (CAGR from 2020 to 2028) |
| Largest segment | Dinnerware |
| Fastest growing segment | Dinnerware |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, Latin America region accounted for 8.7% of the global commercial tableware services market in 2020.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,345.0 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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Latin America 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 55.98% in 2020. Horizon Databook has segmented the Latin America commercial tableware services market based on dinnerware, cutlery covering the revenue growth of each sub-segment from 2016 to 2028.
Increase in the construction of hotels, bars, and restaurants in South America has fueled the demand for tableware products. Moreover, consumer demand for spacious and beautiful kitchens has fueled the overall market growth.
The manufacturing sector for tableware products in Central & South America will also grow during the forecast period as a result of investments in domestic manufacturing & supply landscape. In September 2019, Miami based private equity firm HIG Capital LLC acquired Nadir Figueiredo Indústria e Comércio SA, a Brazilian glass tableware manufacturer.
The acquisition was valued at nearly USD 240 million. COVID-19 has led to volatility in the stock market. This has impacted trading volumes and stock prices for manufacturers. Trade volumes will fall steeper in sectors with complex value chains.
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Target buyers of Latin America 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America commercial tableware services market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America commercial tableware services market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America commercial tableware services market
Latin America Commercial Tableware Services Market Share, 2020 & 2028 (US$M)
Latin America commercial tableware services market
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