Cutlery Market Analysis By Product (Spoons, Soup Spoons, Forks, Knives, Sporks), By Sales Channel (Direct Sales, Modern Trade, Specialty Stores), By End Use, By Region - Global Insights 2021-2031
Cutlery Market Outlook
Global cutlery sales are expected reach US$ 10 Bn by 2031, experiencing nearly 2x growth compared to 2021. While Fact.MR still expects the cutlery market to grow slightly, however, the overall five-year compound annual growth rate (CAGR) remains positive at 6.3%.
Market expansion is expected to be driven by increasing demand for organic, sustainable products derived from wheat stalks and other edible materials. Growing demand for cutlery in the kitchen and dining room raises the need for innovative and fashionable cutleries in the market.
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Key Points Addressed in Cutlery Industry Analysis
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Cutlery and How to Navigate
- Recommendation on Key Winning Strategies
Consumption Analysis of Cutlery from 2016-2020 vs Market Expectations for 2021-2031
As per Fact.MR- a market research and competitive intelligence provider- global market for expanded at around 4% CAGR from 2016 to 2020, spurred by various culinary applications including foodservice outlets, hospitality, institutional food service, and residential usage.
As markets expand, the effort is devoted to developing effective raw materials for improved product performance, which is accompanied by a focus on dining, lifestyle, and restaurants.
Growing health concerns lead to an increase in demand for organic cutlery in the market, which allows manufacturers to produce natural, sustainable products in the culinary sector. All these factors are expected to propel cutlery demand at a CAGR exceeding 6% from 2021 to 2031.
An Adaptive Approach to Modern-day Research Needs
Is the Market for Edible Cutlery Seeing an Increase in Demand?
With changing lifestyles and etiquette, consumers have increased their cutlery purchasing requirements. Furthermore, growing culinary interest among amateur chefs during the pandemic contributed to the demand for various cutlery models to consume new cuisines, generating a flurry of global demand for cutlery collections.
Rising awareness about the environmental impact of decomposing plastic cutlery has prompted manufacturers to develop natural, edible, and recyclable cutlery. All of the aforementioned factors have prompted substantial investments in developing sustainable product lines, stimulating market growth.
How are Sustainability Concerns amongst Consumers Spurring New Product Launches?
Growing demand for organic cutlery has encouraged manufacturers to create sustainable and natural utensils that would protect food from getting contaminated if left for a long time.
Various research initiatives are prompting introduction of edible cutlery to reduce the environmental degradation inflicted by disposal of plastic products. A National University of Singapore released a study in 2020 which showed that in the first eight weeks of the period, cutlery disposal and packaging accounted 1334 tons of waste in the environment.
Globally, this had a significant environmental impact, encouraging consumers and the market to seek out more sustainable natural products for the food and beverage industry. To reduce the amount of pollution caused to the environment, cutlery made from wheat barns was invented as edible cutlery to cut the amount of waste in the environment.
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Which Region is the Most Lucrative for Cutlery Suppliers?
The Asian region is expected to dominate the cutlery market. Growing populations in developing nations, such as India and China, will increase the demand for cutlery in the market.
Comparatively, the cutlery market generates the highest amounts of waste than any other market. To minimize the environmental impact of waste disposal, a variety of measures are taken into consideration.
There is a high rate of plastic consumption in these areas compared to other countries. The biodegradability of plastic in nature is challenging. Hence, causing environmental pollution. In response, the government and consumers are seeking an alternative to plastic.
What Trends Prevail across the U.S. Cutlery Industry?
The U.S is a prominent cutlery market, attributed to the spike in the number of outdoor eateries in the nation. A CAGR of around 5% has been forecast for the U.S cutlery industry for the upcoming decade.
Over the past few years, more and more people have been purchasing takeout meals at fast-food chains and restaurants which has resulted in more plastic waste being created and polluting the environment.
Changing lifestyles and eating habits are driving demand for grab-and-go options. Also, comfortable eating habits are driving cutlery sales. Growing trends in edible, sustainable, and biodegradable cutlery to reduce plastic waste in the environment are driving demand for edible cutlery in the market.
What are the Growth Prospects for Cutlery Suppliers in Europe?
The market for cutlery is growing swiftly in Europe. A significant portion of European imports comes from developing countries, making Europe an opportunistic business destination. Increased interest among youngsters in home cooking at social gatherings, and casual dining, accounts for the growth of cutleries in the European market.
In addition, plastic lost its ground to sustainable alternatives for disposable cutlery in the European market. In addition to affecting the European market for several products and services, worldwide pandemic measures are expected to have a significant impact on international trade. A market share exceeding 33% is projected for the region.
How are Food Service Outlets Influencing Cutlery Demand?
Food and beverage catering in hotels and restaurants showed tremendous growth for cutleries before and after the pandemic. As a result of the ongoing COVID-19 crisis, demand for single-use cutlery has increased in the market.
Increasing government regulations on lockdown resulted in a major disruption of the restaurant business as consumers turned to online food apps, home delivery, creating a need for plastic, and organic cutlery in the market. The segment is projected to grow at a CAGR of 6% until 2031.
Why do Vendors Prefer Online Sales Channels to Market Cutlery?
Amidst the pandemic crisis, online e-commerce sales channels opened up new culinary markets. Quarantine measures influenced consumers to become more inclined towards online shopping, thus contributing to revenue growth.
With the economy weakening, many consumers have reduced expenditure on discretionary goods and opted for cheaper substitutes. Due to consumers searching and comparing options across multiple websites, major price comparison has become increasingly prevalent. More than 50% of cutlery sales happened through online retail channels in the past year alone.
To remain competitive and expand their market presence, market players engage in mergers and acquisitions, partnerships, and the development of new products.
- On December 14, 2020, Pharrell designed a cutlery set from recycled CDs. In partnership with Pharrell Williams, design and tech company Pentatonic created reusable, portable cutlery sets made out of CDs by collaborating with the creative collective I am Other.
- A new eco-friendly cutlery set has been released on November 27, 2020, called the Linden Portable Cutlery Set. Featuring a fork, knife, two spoons of different sizes, a pair of chopsticks, and two spoons. This convenient set features everything you need to enjoy virtually any meal out of the house.
Historical Data Available for
|US$ Mn for Value & ‘000 Units for Volume|
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered
- Soup Spoons
- Other Cutlery
- Cutlery for Food Service Outlets
- Cutlery for HoReCa
- Cutlery for Institutional Food Services
- Cutlery for Residential Usage
- Cutlery for Other End Uses
- Cutlery through Direct Sales
- Cutlery through Modern Trade
- Cutlery through Specialty Stores
- Cutlery through Online Retail
- Cutlery through Other Sales Channels
- FAQs -
The global sales of cutlery are expected to grow at 6% through 2031, reaching US$ 10 Bn
According to Fact.MR, cutlery sales were valued at above US$ 5 Bn as of 2020
From 2016 to 2020, cutlery sales expanded at a CAGR of over 4%
Growing awareness about health, environment, plastic use and pandemic is driving the demand for cutlery in the market
Increasing use of organic and natural products, growing population, edible products and recyclable products are expected to shape future demand
The market for cutlery will account for over 1/3rd of global demand across Europe
Sales of cutlery in the U.S are expected to surge at a CAGR of around 5% from 2021 to 2031
Cambridge Silversmiths, Crate and Barrel and Farberware are some prominent cutlery manufacturers in the global market
Rising popularity of professional cooking at home with special cutlery during pandemic will drive the market growth.