Cutlery Market

Cutlery Market Outlook (2023 to 2033)

The global cutlery market stands at US$ 5.74 billion in 2023. Worldwide demand for cutlery products is projected to reach a value of US$ 10.38 billion by 2033, increasing at a CAGR of 6.1% from 2023 to 2033.

Attractive growth opportunities in the cutlery market are attributed to the rising demand for sustainable and organic products, which are derived from wheat stalks and some other edible materials. The majority of consumers are becoming aware of the importance of aesthetically pleasing, functional, and high-quality cutlery. Therefore, manufacturers are increasing their expenditure on R&D activities to produce innovative designs and features to match consumer requirements.

Another significant factor driving the market includes remarkable growth in the food service industry. Cafes, hotels, restaurants, and other food service establishments need high-quality cutlery items to serve their customers. Therefore, manufacturers are concentrating on premium cutlery products to cater to the demand of the respective industry.

• Global demand for straws is estimated to rise at a CAGR of 6.4% and reach a value of US$ 1.32 billion by the end of 2033.
• The Indian cutlery market is predicted to advance at a CAGR of 6.5% and reach US$ 1.46 billion by the end of 2033.
• Demand for cutlery in Japan is set to register a CAGR of 6.4% and reach a value of US$ 882.39 million by the end of 2033.

Technological advancements in production procedures are expected to boost market growth opportunities over the coming decade. Manufacturers of cutlery products use advanced production techniques and materials to offer antimicrobial, dishwasher-safe, heat-resistant, and durable items. These newly manufactured cutlery products meet consumer requirements for convenient and functional products, which can withstand regular wear and tear.

Rising popularity of sustainable and eco-friendly materials is another significant factor expected to contribute to market growth opportunities. Various consumers are becoming aware of the adverse impacts of plastic waste on the environment. Therefore, they are looking for alternatives, which are compostable and biodegradable. Manufacturers are making huge investments in the production of cutlery products from sustainable materials, including wood, biodegradable plastics, and bamboo.

Growing e-Commerce sector is also anticipated to augment market growth. The convenience of online shopping enables customers to buy cutlery products while staying at their homes. Thus, key players are investing in online channels to reach a wider audience, which is predicted to result in increased sales.

Report Attributes	Details
Cutlery Market Size (2023)	US$ 5.74 Billion
Projected Market Value (2033)	US$ 10.38 Billion
Global Market Growth Rate (2023 to 2033)	6.1% CAGR
Straws Segment Market Value (2033)	US$ 1.32 Billion
China Market Growth Rate (2023 to 2033)	6.4% CAGR
United Kingdom Market Value (2033)	US$ 1.31 Billion
South Korea Market Value (2033)	US$ 415.24 Million
Key Companies Profiled	Cambridge Silversmiths J.A. Henckels Farberware Crate and Barrel Kate Spade Towle Oneida WMF Wallace Multifunction Tools and Knives Wusthof Myabi Shun Hunting and Survival Knives Messermiester

Which Aspects are Boosting Demand for Cutlery Products?

“Rising Inclination towards Casual Dining Driving Sales of Cutlery”

Changing eating patterns, including social dining and casual dining, are estimated to boost the use of cutlery. Growing urbanization, multi-tasking, being online 24x7, etc., are some pivotal factors, which are predicted to boost demand for casual dining. Moreover, modern consumers are looking for instant gratification, which is expected to significantly impact the demand for casual dining. These factors are predicted to lead to an increased demand for disposable paper and hybrid cutlery.

Joining the functionality of numerous eating utensils, including spork (spoon/fork), knork (knife/fork), spife (spoon/knife), and sporf that includes all three is also estimated to attract consumers to the target market.

“Edible Cutlery - New Push for Cutlery Manufacturers”

Various other growth opportunities exist in the target market, including the introduction of edible cutlery. It can be consumed like routine food. Wheat bran, sorghum, rice bran, millet, and corn are used in the manufacturing of edible cutlery products. The environmental degradation caused due to plastic cutlery can be minimized with the introduction of edible cutlery.

What’s Majorly Restraining Cutlery Market Growth?

“Disposal of Plastic-made Cutlery and High Prices of Raw Materials”

The disposal of plastic-made cutlery is a prominent threat to the environment, which is predicted to restrain market growth. Further, expensive cutlery due to high prices of raw materials is also estimated to limit the adoption of cutlery products around the world.

What Opportunities are Available for New Cutlery Manufacturers?

“Production of Disposable Cutlery with Eco-friendly Materials”

The increasing inclination toward sustainability trend is predicted to stimulate new entrants to manufacture disposable hybrid cutlery, which is produced from recycled, natural, biodegradable, and eco-friendly materials. This factor is predicted to open up opportunities for manufacturing cutlery from bamboo, starch, etc.

Country-wise Insights

What’s Leading to Increased Demand for Cutlery in India?

“Rapid Shift towards Exotic Dining Experiences Contributing to Market Growth”

Sales of cutlery items are expected to expand at a CAGR of 6.5% and reach a value of US$ 1.46 billion by the end of the forecast period in 2033 in India.

Rising awareness about different cuisines along with a shift toward exotic dining experiences contributes to market growth opportunities. The increasing number of restaurants in India is also boosting demand for cutlery products.

Growing penetration of food bloggers and cooking shows is estimated to impact demand for cutlery products. Eagerness to try conventional and new cuisines with the use of specialized cutlery backed by the increasing standards of hygiene and health contributes to market growth. Indian market is projected to hold a share of about 14% of the global market revenue from 2023 to 2033.

What Makes Cutlery Manufacturers Invest in the United Kingdom Market?

“Growing Interest in Social Dining and Home Cooking”

Demand for cutlery products is estimated to progress at a CAGR of 6.5% and reach a valuation of US$ 1.31 billion by the end of 2033 in the United Kingdom.

Growth opportunities in the market are driven by rising interest in social dining and home cooking. Casual dining is also becoming popular, especially among younger consumers. Moreover, the rising trend toward using sustainable materials is also predicted to fuel market growth.

Which Aspect is Propelling the Sales of Cutlery in South Korea?

“Surging Demand for Food Delivery Propelling Sales of Disposable Cutlery”

Sales of cutlery items are projected to advance at a CAGR of 6.9% and reach a valuation of US$ 415.24 million by the end of 2033 in South Korea. The rising demand for food delivery services is estimated to stimulate sales of disposable cutlery in South Korea over the coming 10 years.

Category-wise Insights

Which End-use Segment is Predicted to Hold a Significant Share of Market Revenue?

“Increased Demand for Home Delivery of Food Boosting Sales of Cutlery in Food Service Outlets”

Demand for cutlery in food service outlets is anticipated to grow rapidly. In hotels and restaurants, food and beverage catering is showing significant growth. Consumers, in recent years, have been giving preference to online food applications and home delivery, which is estimated to create higher demand for organic and plastic cutlery.

Which Channel is Widely Used for Supplying Cutlery Products?

“High Preference for Online Retail Channels for Cutlery Shopping”

Online e-Commerce sales channels have opened lucrative opportunities for industry players in the past few years. Consumers are minimizing their spending on discretionary goods and are looking for cheaper substitutes. Owing to these factors, comparison of prices of goods is coming into the picture, which is predicted to boost the adoption of e-Commerce websites for shopping purposes.

Sales of cutlery are expected to advance at a CAGR of 6.3% and reach a market value of US$ 7.22 billion by the end of 2033 through online retail channels. e-Commerce platforms offer various discounts and are also adopting other strategies to attract the attention of customers, which is predicted to boost sales of cutlery. Around 50% of the overall cutlery product sales take place through online channels.

Key Market Players

Fact.MR, a provider of market research and competitive intelligence, recently published a research report on cutlery products. The report offers detailed information on sales analysis of cutlery items, supply chain management, and other vital aspects.

To remain competitive and expand their presence in the market, key players are engaged in mergers and acquisitions, new developments, and partnerships while maintaining product standards.

For instance :

• On December 14, 2020, Pharrell designed a new cutlery set that is produced from recycled CDs. This initiative was taken in collaboration with Pentatonic, which is a tech and design company.
• On November 27, 2020, a new eco-friendly cutlery set was introduced in the market, addressed as the Linden Portable Cutlery Set. This set features two spoons of different sizes, a knife, a fork, and a pair of chopsticks.

Key suppliers of cutlery products are Cambridge Silversmiths, J.A. Henckels, Farberware, Crate and Barrel, Kate Spade, Towle, Oneida, WMF, Wallace, Multifunction Tools and Knives, Wusthof, Myabi, Shun, Hunting and Survival Knives, and Messermiester.

Segmentation of Cutlery Industry Research

• By Product :

  • Spoons
  • Soup Spoons
  • Forks
  • Knives
  • Sporks
  • Chopsticks
  • Straws
  • Stirrers

• By End Use :

  • Food Service Outlets
  • HoReCa
  • Institutional Food Services
  • Residential Usage

• By Sales Channel :

  • Direct Sales
  • Modern Trade
  • Specialty Stores
  • Online Retail

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa