The Europe Organic Dinnerware Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
The growing popularity of eating out is providing restaurants and eating establishments with profitable growth potential. As the number of restaurants grows, so does the demand for beautiful and modern dinnerware to create a pleasant ambiance and provide excellent customer service. Furthermore, the restaurant industry's rise has led restaurant owners to invest in modern and high-quality cooking appliances, responding to clients' needs for convenience, socializing, and high-quality food and service. In 2019, there are over 1 million restaurant locations in the United States, according to the National Restaurant Association.
As a result of the multiple benefits of organic products and the rising pollution levels throughout the planet, many people around the world are turning to them. The food sector produces a substantial quantity of pollution, which pollutes the environment. As a result, using eco-friendly, organic, and sustainable dinnerware can significantly reduce waste while also providing a variety of other benefits.
With 478.4 million international tourist visits in 2015, Europe remains the most popular tourist destination, accounting for 40.3 percent of all international tourist arrivals. In terms of foreign tourism receipts, the EU had 336.5 billion euros in receipts. The hospitality sector is one of the primary drivers of the European economy and European tourism, both in terms of employment and direct contribution to the economy, due to its dominant position in the worldwide tourism market. The hospitality sector, together with tourism, is the EU's third-largest socio-economic activity.
Indeed, tourist industries account for one out of every ten non-financial businesses in Europe. The hospitality industry directly employs 80% of the entire tourism workforce in the EU, with a total of 2 million businesses, 9 out of 10 of which are micro-businesses employing fewer than ten people. Over the last few years, the hospitality industry has grown to become a greater cornerstone of the European economy. Hospitality employs 80% of the overall tourism employment in the EU, with 2 million businesses, 200,000 hotels, and one million restaurants.
Between 2013 and 2016, the hotel industry alone produced 1.6 million jobs in Europe, increasing the number of employees from 10,3 million to 11,9 million and the number of businesses from 1,82 to nearly 2 million. Over the same time span, turnover climbed by 20%, from 507 to 607 billion euros. In 2019, the number of nights spent in tourist accommodation in the EU increased by 2.5 percent, to nearly 2.9 billion nights. These factors are estimated to raise the demand for the organic dinnerware market in the region in the near future.
The Germany market dominated the Europe Organic Dinnerware Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $107.6 Million by 2028. The UK market is anticipated to grow at a CAGR of 4.7% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 6.4% during (2022 - 2028).
Based on End User, the market is segmented into Commercial and Residential. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Plates, Bowl Sets, Cup Sets, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Organic Dinnerware Market will Hit $1.65 Billion by 2028, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hermes International S.A., Portmeirion Group Limited (Royal Worcester), Lenox Corporation, Royal Doulton (Fiskars Group), Guy Degrenne, Corelle Brands LLC (Instant Brands Inc.), Libbey Glass LLC, Herend porcelain manufactory ltd., and Porzellan-Manufaktur Meissen GmbH.
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