Continued growth in disposable personal income, foodservice industry revenues, household formation, new marriages, and new and existing home sales will also contribute to gains
US demand Trends for tableware and kitchenware at the manufacturer level is projected to increase 1.4% per annum in nominal terms through 2024, according to Tableware & Kitchenware: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from ongoing interest in cooking at home, driven by the desire to cook healthier and use novel recipes. In part, the increased interest in home cooking has been spurred by meal kit services, which make cooking meals at home faster and easier. Suppliers will benefit from consumers seeking to replace old kitchenware as well as upgrade inexpensive cookware with premium items. However, further demand gains in value terms will be limited by strong competition from new brands that utilize a direct-to-consumer business model, and from ongoing growth in online sales where price competition is significant.
These and other key insights are featured in Trends Tableware & Kitchenware: United States. This report was said to Prittle Prattle News provides an estimate of 2020 and forecast to 2024 for 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 2009 to 2019.
The products Trends covered in this report constitute items used to prepare, serve, consume, and store food. Products made of solid bleached paperboard or polystyrene foam are 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 Trends 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 1,500, 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:
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
By PR Newswire