Product Launches and Company Acquisition by Market Players such as Hermes, Lenox, and Others to Foster the Growth of the Global Organic Dinnerware Market
Organic dinnerware is the type of dinnerware made of natural, sustainable, or eco-friendly materials such as clay, porcelain, earthenware, and stoneware. Organic dinnerware includes bowls, plates, cup sets, trays, spoons, and more. This type of dinnerware is usually used in restaurant, homes, and hotels. In addition, organic dinnerware is sturdy, affordable, and easy to maintain. Organic dinnerware products are gaining popularity owing to the changing lifestyle of people across the globe. People are now increasingly adopting eco-friendly products due to growing concerns regarding the environment, which is predicted to drive the growth of the global organic dinnerware market in the upcoming years.
COVID-19 Impact on Organic Dinnerware Market
The outbreak of COVID-19 across the globe has moderately impacted the global organic dinnerware market growth. The global market has been affected by the pandemic in terms of production, demand, and supply chain disruption. However, the rising trends of cooking during the pandemic period might increase the importance of organic shaped products or organic dinnerware, thus driving the growth of the market.
Additionally, various companies functioning in the global organic dinnerware market have experienced positive growth during the pandemic period. For example, in May 2021, Hermes, the French consumer goods company, announced to have experienced increased demand for porcelain dinnerware as people are upgrading their dishes. These factors show that the COVID-19 crisis may generate progressive impact on the organic dinnerware market in the upcoming years.
Organic Dinnerware Market Trends and Developments
The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global organic dinnerware market growth in the upcoming years.
For instance, in May 2020, Hermès, a French luxury goods manufacturer, announced the launch of new nature-inspired dining range namely, ‘Passifolia.’ Artist Nathalie Rolland-Huckel has painted the designs inspired from Garden of Eden.
In February 2021, Cal-Mil, a leading designer and manufacturer of products for the food industry, announced the launch of melamine dinnerware with the ‘Marin Collection.’ The organic dinnerware collection takes on organic shapes inspired from the natural beauty of Marin County in California and is available in the three colors: light gray, cream, and dark gray.
In June 2021, Lenox Corporation, a global leader tableware & giftware, completed the acquisition of Oneida Consumer LLC, a leading marketer of food preparation and tabletop products including, flatware, cutlery, and dinnerware. Lenox aims to have a market leading portfolio of innovative products and brands with unparalleled consumer recognition across the wide range of retail channels.
Forecast Analysis of Global Market
The global organic dinnerware market is projected to witness an exponential growth during the forecast period, owing to the increasing demand for ceramic based dinnerware among consumers as it is corrosion free, non-sticky, heat resistant, easy to maintain, and also comes with electrical & thermal insulation properties. Conversely, the high costs associated with organic dinnerware is expected to hamper the market growth in the projected timeframe.
The growing preferences of consumers towards eco-friendly products in dinnerware and the increasing adoption of organic plates in tableware are the significant factors and organic dinnerware market trends estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global organic dinnerware market is expected to garner $1,967.5 million during the forecast period (2022-2030). Regionally, the North America region is estimated to hold maximum revenue share by 2030, owing to the higher disposable income of people and the presence of top leading players such as Etsy and West Elm in the region. The key players functioning in the global market include Hermes, Wedgwood, Royal Doulton, Guy Degrenne, EKOBO, Corelle, Royal Worcester, Herend, Lenox, and Meissen.
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