by Kitchen storage organization products such as pull-out shelves, bins, floor cabinets, wall cabinets help in better space utilization and organization of kitchen utensils, sauces, flours, seasonings, cans and foodstuffs. They provide easy access, prevent the falling of items and optimize kitchen space. With growing trend of Do-It-Yourself (DIY) home improvement renovations among homeowners, the demand for kitchen storage organization products is increasing significantly.
The global Kitchen Storage Organization Market is estimated to be valued at US$ 161.02 Bn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing trend of DIY home improvement renovations is one of the major drivers of kitchen storage organization market. Many homeowners prefer redesigning and optimizing their kitchen areas as per current design trends and for better functionality. This has boosted the sales of various kitchen storage organization products such as pull-out shelves, drawer organizers, sliding basket, rotating turntables etc. which help in smart space utilization. Consumers are increasingly purchasing kitchen storage products from both offline as well as online retail channels to organize their kitchen space and make the cooking process more convenient. Availability of wide variety of products at affordable price points is further augmenting the demand.
SWOT Analysis
Strength: The kitchen storage organization market offers products that help optimize space in kitchens. This helps users maintain a clutter-free environment for cooking and preparing food.
Weakness: Premium and specialized products in this market may not be affordable for all consumer segments. This can limit the target audience.
Opportunity: With rising health awareness, more consumers are cooking home-cooked meals instead of eating out. This increases the need for efficient kitchen storage solutions.
Threats: Fluctuations in raw material costs can impact product pricing for manufacturers. This may diminish their profit margins.
Key Takeaways
Global Kitchen Storage Organization Market Demand is expected to witness high growth.
Regional analysis: North America is the leading regional market for kitchen storage organization. This is attributed to growing interest of consumers towards aesthetically pleasing and clutter-free kitchen spaces. Features such as pull-out drawers and adjustable shelving are widely adopted.
Key players operating in the kitchen storage organization market 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. These companies offer a diversified range of plastic, wood and metal-based storage containers, cabinets, racks and accessories targeting consumer needs for optimized kitchen storage and organization.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
