{"id":18131,"date":"2023-04-04T14:11:28","date_gmt":"2023-04-04T06:11:28","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=18131"},"modified":"2024-07-04T14:39:12","modified_gmt":"2024-07-04T06:39:12","slug":"homestyle-trend","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/trend\/homestyle-trend\/","title":{"rendered":"Home D\u00e9cor Trends 2023 – No Place Like Home"},"content":{"rendered":"\t\t
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We have spent more time inside our homes than ever in the past few years due to lockdowns and restrictions. People have spent so much time at home that they finally realize the importance of creating a comfortable and beautiful living space.\u00a0<\/p>

As we finally reach the end of the COVID-19 pandemic, many people are taking time to reevaluate their homes and find ways to improve them. As a result, the global home d\u00e9cor<\/a> market has been expanding rapidly. In 2023, the global home d\u00e9cor<\/a> market is valued at US$826 billion and expected to continue upwards with a Compound Annual Growth Rate (CAGR) of 4.46% up to 2027[1]<\/strong>.<\/p>

Region-wise, Asia-Pacific is expected to dominate and witness the highest growth in this market, with a forecasted CAGR of 7.5% – almost double of the US markets[2][3]<\/strong>. This is due to the increasing urbanization and disposable income of markets such as Chinese Mainland and India.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Consumers have become increasingly aware of the importance of a comfortable living space.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Home D\u00e9cor Trends for 2023-24<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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#1 Sustainable Materials<\/h4>

With increased consumer awareness to reduce carbon footprint, homeowners constantly seek eco-friendly pieces<\/a> to add to their living spaces. According to industry experts, there will be a huge market interest in companies that provides new life to home d\u00e9cor<\/a>[4]<\/strong>.<\/p>

Various research also suggests that most consumers are willing to pay more for environmentally friendly alternatives<\/a>[5][6]<\/strong>. This means choosing d\u00e9cor made from sustainable materials like reclaimed wood<\/a>, bamboo<\/a>, and other naturally sourced fabrics<\/a>. These home d\u00e9cors<\/a> also add a taste of nature and comfort to any living space.<\/p>

#2 Dopamine D\u00e9cor\u00a0<\/h4>

Stemming from the concept of Dopamine Dressing, Dopamine D\u00e9cor is the idea of using bold colors and patterns to evoke a feeling of happiness. According to previous studies, an environment with vivid colors profoundly impacts our mood and behavior[7]<\/strong>.<\/p>

With consumers being more in touch with their emotions and mental well-being, a boost of mood-lifting accent gives a home environment an element of fun and vividness. From bright pink cushions<\/a> to zesty orange walls, experts believe that Dopamine D\u00e9cor will remain popular throughout the year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Bold and bright colored d\u00e9cor is expected to remain hugely popular in the coming year.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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#3 Mixed Metals<\/h4>

Combining modernity and style, mixed metallics can easily add a touch of luxury and a futuristic tone to any home. Though the idea of merging different metals<\/a> like gold, copper, or silver in one piece has been around for a few years, experts are seeing a spin-off of this trend by adding touches of metal to matte d\u00e9cor for a stronger contrast.<\/p>

#4 Everything Old is New Again<\/h4>

Thanks to social media, the younger generation is witnessing the glamor of vintage items<\/a> and appreciating the uniqueness of the 70s. According to a trending image-sharing and social media platform, antique and vintage designs are expected to trend up to 850% in 2023[8]<\/strong>.<\/p>

Consumers feel that vintage-styled<\/a> home d\u00e9cor adds character to a space and allows homeowners to create a home that reflects their personal style. The key to this trend is maintaining a balance between old and new. For example, experts suggest that consumers should add a touch of vintage d\u00e9cors<\/a> by swapping out dining room chairs<\/a> from a contemporary setting to create a look that is truly unique to its owner.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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A House of Style<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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HKTDC is back with another 5 in 1 lifestyle fair featuring shows ranging from home-style products and home textiles<\/a> to fashion<\/a>, gifts<\/a> and packaging<\/a>. The fair showcases a melting pot of products revolving around the theme of \u2018L.I.F.E\u2019<\/strong> and aims to intrigue buyers with people-centric designs, functionality, aesthetics, and sustainable concepts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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From 19 April to 22 April 2023, HKTDC\u2019s Home InStyle fair features home d\u00e9cor and lifestyle products from all around the world.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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With home d\u00e9cor as its focal point, the \u2018Home InStyle<\/a>\u2019 is one of the five featured fairs that target to inspire and connect businesses with each other. Home InStyle<\/a> provide buyers and businesses with product segments ranging from interior d\u00e9cor to kitchenware and bath products.<\/p>

Register now and join us in our 5-in-1 Lifestyle Show from 19-22 April 2023<\/strong> by clicking the banner below:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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You can also source in-style home products online via below:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tReferences<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t
  1. https:\/\/www.marketwatch.com\/press-release\/home-decor-market-2023-business-strategies-in-current-report-of-117-pages-forecast-timeframe-2027-2023-01-15<\/li>
  2. https:\/\/www.statista.com\/outlook\/cmo\/furniture\/home-decor\/asia<\/li>
  3. https:\/\/www.mordorintelligence.com\/industry-reports\/us-home-decor-market<\/li>
  4. https:\/\/www.countryliving.com\/uk\/homes-interiors\/interiors\/a41719937\/interior-trends-2023\/<\/li>
  5. https:\/\/www.businesswire.com\/news\/home\/20211014005090\/en\/Recent-Study-Reveals-More-Than-a-Third-of-Global-Consumers-Are-Willing-to-Pay-More-for-Sustainability-as-Demand-Grows-for-Environmentally-Friendly-Alternatives<\/li>
  6. https:\/\/www.statista.com\/statistics\/1092352\/consumers-willingness-to-pay-for-environmentally-friendly-home-furniture-us\/<\/li>
  7. https:\/\/journals.sagepub.com\/doi\/pdf\/10.1177\/2158244014525423<\/li>
  8. https:\/\/business.pinterest.com\/en-us\/pinterest-predicts\/2023\/hipstoric-home\/<\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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    Subscribe to\u00a0<\/strong>NewsBites<\/strong><\/a>\u00a0and stay updated on the latest business trends and news.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    \n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    We have spent more time inside our homes than ever in the past few years due to lockdowns and restrictions. People have spent so much … <\/p>\n","protected":false},"author":28,"featured_media":18132,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,366,405,380,2],"tags":[],"class_list":["post-18131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-fairs","category-homeware","category-lifestyle","category-trend"],"yoast_head":"\nHome D\u00e9cor Trends 2023 - No Place Like Home - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"We have spent more time inside our homes than ever in the past few years due to lockdowns and restrictions. 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