QYResearch: The Tableware revenue is expected to reach 43550.80 M USD in 2021

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Tableware is the dishes or dishware used for setting a table, serving food and dining. It includes cutlery, glassware, serving dishes and other useful items for practical as well as decorative purposes. The quality, nature, variety and number of objects varies according to culture, religion, number of diners, cuisine and occasion. For example, Middle Eastern, Indian or Polynesian food culture and cuisine sometimes limits tableware to serving dishes, using bread or leaves as individual plates. Special occasions are usually reflected in higher quality tableware. qyresearchglobal.com

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According to QYResearch, The Tableware revenue was 38073.50 M USD in 2016 and is expected to reach 43550.80 M USD in 2021, growing at a CAGR of 2.26% from 2016 to 2022. China’s sales accounted for the highest market share (29.80 %) in 2016, followed by Europe.

The global Tableware industry mainly concentrates in China, India and Europe. The global leading players in this market are Meissen, CORELLE, WMF, Libbey, Guy Degrenne, Lenox, Zwilling, Ralph Lauren, GUANFU, The Oneida Group and etc.

Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field.

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Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.

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