1. Global Home Furnishing Market Analysis
The global home furnishing market will be worth US$1.42 trillion in 2022, maintaining a CAGR growth rate of 6.4%. In terms of sales channel opportunities, the e-commerce channel maintains a CAGR growth rate of 21%, reaching an e-commerce penetration rate of 20.3%, and there is still huge room for penetration.
2. China's export category structure and changing trends
With the advantages of manufacturing, tools and equipment, light industrial textiles and household products are firmly at the top of the cross-border export B2B categories. Years of production and operation experience have provided a good industrial foundation for the export of these categories, and the current product distribution status will remain stable in the short term.
B2B e-commerce trading platforms drive the restoration of offline procurement experience online through digital/intelligent capabilities, and improve the efficiency of accurate matching between buyers and sellers.
3. Product selection trends
As the concepts of efficiency, energy saving, electricity saving and environmental protection continue to penetrate into young European and American consumer groups, people are more inclined to pursue cost-effective, portable and efficient kitchen products.
Popular categories: drinkware, kitchen tools, and tableware.
Buyers' preferences: high cost-effectiveness, kitchen artifacts, such as large-capacity plastic cups and glassware, tableware sets, kitchen tools, glass rinsers, ice buckets, wine racks, and high-heeled wine glasses.
4. Hot items & potential hot items
1) Tumbler: The tumbler market is currently showing a trend of health, environmental protection and innovation. Consumers have a higher demand for reusable and easy-to-clean cups, which has driven the market's attention to environmentally friendly materials and designs. Innovative features such as heat preservation and smart technology are gradually integrated into tumbler designs. The industry is also constantly seeking more sustainable production and packaging methods to meet the growing environmental awareness.
Some tumbler brands focus on launching uniquely designed products to attract a wider range of consumers. A variety of material options have also appeared in the market, including glass, ceramics and stainless steel, to meet consumers' pursuit of personalization and quality.
Consumers are increasingly interested in customizing their mugs through their own creativity, which has driven the market demand for DIY sublimation services and materials. Kitchenware sellers have also found business opportunities in this area, offering a variety of unique designs and tools to meet consumers' pursuit of personalization and uniqueness.
The influence of social media platforms is also driving the growth of the DIY sublimation mug market, as consumers share their creative works and inspire more people to participate. The industry is also constantly seeking innovations, such as introducing more interactive elements or collaborating with other categories to provide more choices and experiences. More DIY mugs with smart technology are also seen in the market, such as innovative designs that can change color or display patterns.
2) Kettles:
The rising demand of consumers for easy-to-clean and leak-proof designs has driven the market's attention to simple kettles. At the same time, the popularity of healthy lifestyles has made consumers pay more attention to pure water that is more friendly to the body when choosing drinks, which has prompted the market's demand for portable kettles.
Some kettle brands focus on the combination of health and sports, and launch functional kettles designed for sports enthusiasts. The influence of social media is also driving the kettle market. Consumers form communities and topics by sharing their usage experiences and personalized customization.
3) Glass cups:
Glass cups play a very important role in people's daily lives. Due to their good appearance and health, glass cups are in great demand for brewing tea and in business offices, and have become the standard for many tea lovers. Due to the development of the hotel market, the catering industry, and the growth in demand for gifts and gifts, my country's glass cup industry will continue to grow at an average annual rate of more than 10% in the next few years, and its market share will increase rapidly.
4) Multifunctional vegetable cutters:
With the continuous improvement of consumer income levels and the increasing demand for multifunctional vegetable cutters, the multifunctional vegetable cutter industry will develop further and the market demand will continue to increase. This drives the market to continuously introduce multifunctional designs, such as slicing, dicing, and mixing. The integration of intelligent technologies, such as automatic identification of ingredients and programmable functions, has also become the direction of market innovation.
The multifunctional vegetable cutter market also focuses on the appearance design and material selection of products to meet consumers' demand for the beauty and durability of kitchen tools. Some brands pay attention to the trend of healthy eating and launch innovative functions that focus on fresh cutting and processing.
The multifunctional vegetable cutter industry has great potential for future development. With the superposition of brand competition, technological innovation and market demand, the multifunctional vegetable cutter industry will usher in explosive development, bringing consumers a more convenient lifestyle and promoting the healthy development of the multifunctional vegetable cutter industry.
5) Fruit cutters:
Convenient, fast and rich in variety, fruit cutters have become the new "heat-relief magic weapon", eliminating a series of operations such as washing, peeling and cutting, making the consumption scene of fruits no longer restricted. Fresh cutting, platter and other fruit cutting forms are favored by more and more consumers, and the fruit cutting industry may usher in new consumption growth.
The product design of fruit cutting tools focuses on user-friendliness and provides an easier fruit cutting experience. Multifunctional designs, such as slicing and core removal, are favored by consumers. At the same time, easy-to-clean designs are gradually occupying an important position in the market. There are also more innovative tools focusing on specific fruit types on the market to meet the needs of different consumers.
With the increase of residents' income, the change of family consumption concept and the upgrading of global kitchen utensils consumption, the market size of China's kitchen utensils industry will continue to maintain its growth momentum and has broad prospects for future development.
The trend of the cooking tool market reflects the focus on intelligence, versatility and environmental protection. Consumers' demand for improved cooking efficiency and convenience has driven the market to introduce smart technologies such as temperature control and timing functions. Multifunctional designs, such as multi-purpose knives and foldable kitchen utensils, are also popular. The cooking tool market also focuses on the aesthetic design and durability of products to enhance user experience. The trend of healthy eating drives the market to pay attention to the ability of cooking tools to retain the nutrition and original flavor of ingredients.
