Kitchen & Dining Furniture - Benin

In Benin, the revenue generated in the Kitchen & Dining Furniture market is US$2.67m in 2024.
It is projected to experience an annual growth rate of 0.74% (CAGR 2024-2029).
When comparing globally, United States leads the market with a revenue of US$39bn in 2024.
In terms of per person revenues, in 2024, each individual in Benin contributes US$0.19 to the overall revenue.
Despite limited access to modern kitchen appliances, Benin has a growing demand for traditional, handcrafted dining furniture.

Definition:

The Kitchen & Dining Furniture segment covers diferent movable objects designed for kitchen and dining rooms. These objects mainly meet people’s needs for eating, preparing food, or food storage and includes dining tables, baker’s racks, kitchen islands/carts, pantry storage, and various types of kitchenware. Items not considered include household appliances such as refrigerators, stoves, small kitchen appliances, and sinks and faucets.

Structure:

The Kitchen & Dining Furniture segment is divided into two subsegments:

The Dining Tables, Kitchen Islands & Pantries subsegment includes furniture pieces designed to enhance the functionality and aesthetics of kitchen and dining spaces. These products range from traditional dining tables to kitchen islands and pantry storage units, providing both practical and decorative value to the kitchen and/or dining spaces.
The Kitchenware subsegment refers to items which aid in the preparation and the serving of food. Products in this subsegment include cookware such as pots and pans, tableware such as cutlery and glassware, and other items that are essential for the preparation and serving of food.

Additional Information:

The Kitchen & Dining Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Dining tables
Kitchen islands and carts
Food pantries
Kitchenware

Household appliances
Cookware, kitchen, and cleaning utensils
Kitchen remodels

The Kitchen & Dining Furniture market in Benin is experiencing significant growth due to changing customer preferences and increasing disposable income.

Customer preferences: Customers in Benin are increasingly seeking stylish and functional kitchen and dining furniture that complements their interior design. They are looking for furniture pieces that are not only aesthetically pleasing but also durable and of high quality. Customers are also becoming more conscious of the environmental impact of their purchases, leading to a growing demand for sustainable and eco-friendly kitchen and dining furniture options.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Benin is the rising popularity of modular and space-saving furniture. As urbanization continues to increase, many customers are living in smaller apartments and houses with limited space. This has led to a demand for furniture that can be easily adjusted and rearranged to fit different spaces. Modular kitchen and dining furniture not only provides flexibility but also allows customers to maximize the use of their available space. Another trend in the market is the growing preference for natural materials such as wood and bamboo. These materials not only add a touch of warmth and elegance to the kitchen and dining area but also align with the eco-friendly preferences of customers. Additionally, customers are increasingly looking for furniture pieces that are easy to clean and maintain, which has led to a rise in demand for stain-resistant and easy-to-clean materials.

Local special circumstances: Benin is experiencing rapid urbanization, with a significant portion of the population moving from rural areas to cities. This urbanization trend has resulted in a higher demand for kitchen and dining furniture as more people are setting up new households. Additionally, the country's growing middle class is driving the demand for higher-quality and more luxurious furniture options.

Underlying macroeconomic factors: Benin's economy has been growing steadily in recent years, leading to an increase in disposable income for many households. This rise in disposable income has allowed customers to spend more on furniture, including kitchen and dining furniture. Additionally, the government's efforts to improve infrastructure and promote tourism have attracted foreign investments, which has further contributed to the growth of the market. In conclusion, the Kitchen & Dining Furniture market in Benin is experiencing growth due to changing customer preferences, increasing disposable income, and the country's urbanization trend. The demand for stylish, functional, and eco-friendly furniture options is driving the market, and the rise in disposable income is enabling customers to invest in higher-quality furniture pieces.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.