The MEA kitchen storage market is estimated to reach USD 1,284.8 million in 2023. As per the report, sales are forecast to increase at a robust 4.1% CAGR, with the market valuation reaching USD 1,917.6 million by 2033. Total sales in the MEA kitchen storage market represent 3-5% of the global kitchen storage market.
Players in the industry are cooperating with architects, design studios, contractors, and others to improve their brand recognition and develop their business. La Cucina Kitchen, for example, thinks that teamwork is the key to success. As a result, they've formed partnerships with hotel and restaurant operators, real estate developers, consulting businesses, design studios, and interior designers, among others. In addition, the company has teamed with prominent international brands with the goal of creating bespoke kitchen solutions that complement the home while providing consumers with an amazing kitchen experience for years.
Furthermore, products that are made from non-harmful materials are considered as green or environment-friendly products. Consumers around the world are becoming more conscious about the usage of eco-friendly or green products.
Attribute | Details |
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Estimated MEA Kitchen Storage Market Size (2023E) | USD 1,284.8 Million |
Projected MEA Kitchen Storage Market Valuation (2033F) | USD 1,917.6 Million |
Value-based CAGR (2023 to 2033) | 4.1% |
MEA Kitchen Storage Market Top Players Share in 2022 | ~1-4% |
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Kitchen storage products include cabinets, drawers, tableware & serving storage, and pantry organizers help to create more navigational space by eliminating clutter and congestion, allowing people to make better use of their kitchen area.
Since the last few years, kitchen storage has been increasingly important. Kitchen storage additions are becoming more popular, just as homeowners are prepared to spend on home décor items.
Furthermore, a large range of low-cost kitchen storage items, such as racks, baskets, bins, boxes, and drawers, are available in a number of materials, including plastic and metal, and are easily accessible through both offline and online distribution channels. The MEA kitchen storage market is predicted to increase as a result of the benefits provided by kitchen storage products.
Surge in Novel Designs
Custom, free-flowing patterns with a scaled aesthetic are the latest advanced kitchen concepts. Because of technological advancements in push-open-and-close doors, it is now possible to eliminate handles from both wall and base cabinets. For a more streamlined design, for example handle-less kitchen cabinets are trending.
Furthermore, because of its usefulness, the trend of clever storage remains a popular design choice. In larger minimalist kitchens, for example, efficient storage allows clutter to be simply swept away. As they adjust to working from home permanently, many homeowners are adding more storage solutions to their kitchens to store their office materials.
Dark Color Open Shelves & Cabinets Attracting the Consumers
Open shelves are one of the most fancied kitchen design trends in the country such as UAE. They look fabulous, but also add to the accessibility and convenience of the kitchen space. Consumers can store crockery, cookbooks or any design element of their choice in open shelves.
However, it is also essential to have closed cabinets in place. It maintains a balance and prevents cluttering up of the space. Besides this, consumers also need cabinets to store spice bottles and packaged ingredients. Such benefits of cabinets are attracting a larger consumer base in the region.
Increasing Investments in High-quality Products
Residents in the United Arab Emirates are spending more on home renovations, such as living rooms and kitchens, and are investing in higher-quality products, which is driving up the demand from the kitchen storage market in the country.
The country also boasts a huge expatriate population from many areas and nations with a variety of design interests. In Abu Dhabi and Dubai, there are many ex-pats (more than 170 nationalities), therefore, the region is developing as a potential market for all types of kitchen storage products.
Market Statistics | Details |
---|---|
Jan to Jun (H1), 2021 (A) | 4.0% |
Jul to Dec (H2), 2021 (A) | 3.8% |
Jan to Jun (H1), 2022 Projected (P) | 4.0% |
Jan to Jun (H1), 2022 Outlook (O) | 4.4% |
Jul to Dec (H2), 2022 Outlook (O) | 4.2% |
Jul to Dec (H2), 2022 Projected (P) | 3.8% |
Jan to Jun (H1), 2023 Projected (P) | 4.0% |
BPS Change: H1, 2022 (O) to H1, 2022 (P) | (+) 40 |
BPS Change: H1, 2021 (O) to H1, 2022 (A) | (-) 44 |
BPS Change: H2, 2022 (O) to H2, 2022 (P) | (+) 38 |
BPS Change: H2, 2021 (O) to H2, 2022 (P) | (-) 42 |
Country | UAE |
---|---|
Market Share (2023) | 17.0% |
Market Share (2033) | 18.0% |
BPS Analysis | (+) 100 |
Country | South Africa |
---|---|
Market Share (2023) | 15.0% |
Market Share (2033) | 13.4% |
BPS Analysis | (-) 160 |
Country | Israel |
---|---|
Market Share (2023) | 18.4% |
Market Share (2033) | 18.3% |
BPS Analysis | (-) 10 |
Customized Kitchen Storage Products Expected to Boost the Kitchen Storage Market in UAE
As per FMI, sales in the UAE Kitchen Storage market is expected to grow at a CAGR of 4.5% over the forecast period.
Making the kitchen unique by customizing all the products in the kitchen is an ongoing trend nowadays. The players in the market are even focused on providing customized products according to the consumer requirements. Many custom elements are available in stock as modules can be mixed according to the customer’s requirement. For instance, Kitchen King UAE offers customized kitchen cabinets to attract more consumers.
Low Kitchen Storage Products Rate Expected to Boost the Kitchen Storage Market in South Africa
In comparison to other industrialized countries, South Africa has a low penetration rate of kitchen storage goods. As a result, the kitchen storage sector in South Africa has a lot of potential. In South Africa's urban areas, the penetration rate of basic kitchen storage products such as cabinets is higher than in other small cities. This suggests that homes in these locations will be a significant growth market for this sector.
The South Africa kitchen storage market is estimated to grow at a CAGR of ~2.8% throughout the projection period.
High Demand for Customized Kitchen Storage Products in Israel
Making the kitchen unique by customizing all the products in the kitchen is an ongoing trend nowadays. The players in the market are even focused on providing customized products according to the consumers’ requirements. Many custom elements are available in stock as modules can be mixed according to the customer’s requirement.
The Israel kitchen storage market is anticipated to grow at a CAGR of ~4.0% during the forecast period.
Consumers are Preferring Kitchen Cabinets Due to Variety of Offerings
The tall cabinet’s category is predicted to increase at a CAGR of 4.3% over the forecast period in terms of product type. Tall cabinets come in a variety of shapes and sizes, including pantries, brooms, and columns. They too come in a variety of sizes, although there are some conventional measurement classes, much like the other cabinets. Such promotions are enticing customers, which is projected to enhance tall cabinet sales in the region.
Residential Sector Expected to be the Prominent Segment due to Increasing Developments
Residences are becoming smaller and more confined as the population grows and property prices rise. More houses are being developed as the building industry develops, which is driving demand in the kitchen storage market.
Many newly constructed residences include modular kitchens in their options. The construction market in the MEA region is expected to grow significantly in the next years, thanks to a reduction in the budget deficit, an increase in non-oil production, and a recovery in crude oil prices. Residential segment is anticipated to grow at a CAGR of ~3.4% during the forecast years.
Online Retailers are anticipated to Gain Traction
Since the pandemic, a huge rise is seen in the global internet usage. People are increasingly getting inclined towards the online platforms for gaining knowledge about several products as well as opting for online shopping alternatives owing to their convenience and extra discounts offered by the online retail platforms. Consumers tend to be more inclined towards “direct to consumer” modes as these are considered to be more reliable. The online retailers segment is estimated to grow at a CAGR of ~4.0% during the forecast period.
Leading players operating in the MEA kitchen storage market are focusing on improving their offerings by providing discounts to their loyal customers, strategic partnerships and brand campaigns in order to gain a competitive edge in the market. For instance:
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD Million/Billion for Value |
Key Countries Covered | GCC Countries, Israel, North Africa, South Africa, Turkey, Rest of MEA |
Key Segments Covered | Product Type, End User, Price Range, Sales Channel, Country |
Key Companies Profiled | 4Space Interior Designs; Kitchen King UAE; Al Meera; Inter IKEA Holding; Goettling Interiors LLC; Joinery Dubai & Technical Services; Arfan Furniture; Siematic UAE; Kitchen Cabinets Dubai; Al Marri; Tiger Group; Al Marhaba Kitchen Cabinets & Fixtures Manufacturing L.L.C.; Kokio Kitchens; Others (As per Request) |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
Demand for high-quality products and novel designs are the key trends in market.
The market is estimated to reach USD 1,917.6 million by 2033.
UAE, South Africa, and Israel are the top 3 countries leading the market.
The market is estimated to secure a valuation of USD 1,284.8 million in 2023.
Kitchen cabinets with 4.3% market share is enhancing the product type category.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Market - Pricing Analysis 5. Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Market Background 7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 7.1. Tall Cabinets 7.2. Sink Cabinets 7.3. Shelving Cabinets 7.4. Other Types 8. Market Analysis % of Demand, By Material Type 8.1. Wood Based Materials 8.1.1. Lumber 8.1.2. Engineered Wood 8.1.3. Wood Veneer 8.2. Non-Wood Based Materials 8.2.1. Metals 8.2.2. Glass & Other Material 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 9.1. Residential 9.2. Hotels & Restaurants 9.3. Cafes 9.4. Catering 9.5. Other Applications 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price Range 10.1. Premium 10.2. Economic /Low 11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 11.1. Direct 11.2. Indirect 11.2.1. Specialty Stores 11.2.2. Departmental Stores 11.2.3. Multi-Brand Stores 11.2.4. Exclusive Stores (Custom) 11.2.5. Online Retailers 11.2.5.1. Direct-To-Customer 11.2.5.2. Third Party Sales 12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. GCC Countries 12.2. Israel 12.3. North Africa 12.4. South Africa 12.5. Turkey 12.6. Rest of MEA 13. Market Structure Analysis 14. Competition Analysis 14.1. 4Space Interior Designs 14.2. Kitchen King MEA 14.3. Al Meera 14.4. Inter IKEA Holding 14.5. Goettling Interiors LLC 14.6. Joinery Dubai & Technical Services 14.7. Arfan Furniture 14.8. Siematic MEA 14.9. Kitchen Cabinets Dubai 14.10. Al Marri 14.11. Tiger Group 14.12. Al Marhaba Kitchen Cabinets & Fixtures Manufacturing L.L.C. 14.13. Kokio Kitchens 14.14. Other Players (As Requested) 15. Assumptions and Acronyms Used 16. Research Methodology
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