April 20, 2024
Kitchen Storage Organization Market

Kitchen Storage Organization Market poised to grow at highest pace owing to rising demand for space-saving and multifunctional storage solutions

The kitchen storage organization market comprises kitchen storage containers, bins and baskets for utensils, cutlery, spices and dry goods. Products like pull-out shelves and racks provide convenient storage and visibility of items in cabinets. Growing urbanization and smaller living spaces have increased the need for optimized storage systems that are space efficient yet practical.

The global kitchen storage organization market is estimated to be valued at US$ 161.02 billion in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Kitchen Storage Organization Market Share are Burcon Nutrascience, Cosucra Groupe Warcoing, Nutri Pea Limited, Sotexpro, Roquette Freres, Glanbia Plc., Fenchem Biotek Ltd., Prinova Group LLC, and Yantai Shuangta Food Co. Burcon Nutrascience is a leader in plant-based protein production and recently launched a pea and soy blend under the brand name Peazazz. Cosucra Groupe Warcoing is a major manufacturer of functional pea protein and chickpea fiber known for its Fibrazero line of products.

Rising health awareness and shift to plant-based diets have increased the demand for protein-rich food and beverages. Meat alternatives using pea, chickpea and soy protein are gaining popularity around the world. Technological advancements like improved taste and texture have made plant-based analogs compelling options for consumers. Proteins from pulses are gaining prominence over other plant sources due to their high nutritional value and sustainability benefits.

Market Trends

Customizable storage organizers allow consumers to rearrange shelves, racks and dividers based on changing needs. Modular designs make optimum use of vertical space. Sustainable eco-friendly materials like bamboo are used in organizers. Products with antimicrobial coatings to prevent bacteria growth are in demand.

Market Opportunities

Growing DIY home improvement trend and proliferation of videos/tutorials give impetus to consumer-driven innovation and shelf-ready solutions. Opportunities exist for personalized customizable organizers made using 3D printing and laser cutting technology. Multi-purpose organizers with charging docks/USB ports can add convenience for smart homes.

Impact of COVID-19 on Kitchen Storage Organization Market Growth

The COVID-19 pandemic significantly impacted the kitchen storage organization market. During the initial lockdowns in 2020, several manufacturing plants were shut down due to workforce shortages. This led to disruption in the supply chain and shortage of raw materials. As people were confined to their homes, the demand for kitchen storage products increased significantly as people took up cooking and baking as hobbies. However, due to supply chain issues, many suppliers and retailers faced issues in meeting the surge in demand. With factories and distribution channels resuming operations in late 2020, the supply constraints eased and companies ramped up production. The demand continued to remain robust in 2021 as well. Going forward, companies are focusing on efficient inventory management, local sourcing and flexible manufacturing to ensure resilience against future disruptions.

Geographical Regions with Highest Value Share in Kitchen Storage Organization Market

North America dominates the kitchen storage organization market in terms of value, accounting for over 35% share. The United States is the largest market within the region owing to high consumer spending power and busy lifestyles that pushes demand for organizing solutions. Europe is the second largest regional market led by countries such as Germany, United Kingdom and France. The high disposable income and busy schedules of working professionals are key reasons for the large consumer base in these countries. Asia Pacific is projected to be the fastest growing region during the forecast period led by rapidly growing middle class populations in countries such as China and India that are willing to spend on home organization and aesthetics.

Fastest Growing Region for Kitchen Storage Organization Market

Asia Pacific region is poised to be the fastest growing region for kitchen storage organization market during the forecast period. Rapid urbanization, growing working population, rising affordability and evolving consumer lifestyles are driving the demand in the region. China and India are projected to be the major contributors to the region’s growth. The availability of affordable products and proliferation of online retail are also supporting the market growth. Supported by strong economic growth prospects, higher disposable incomes and expansion of organized retail, the kitchen storage organization market is expected to witness robust growth rates across developing Asian countries in the coming years.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile itKitchen Storage Organization Market