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.
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
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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.
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.
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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.
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.
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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.
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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
Cutlery Market- Scope of Report
A recent study by Fact.MR on the cutlery market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering cutlery.
The study also provides the dynamics responsible for influencing the future status of the cutlery market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies operating in the cutlery market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of cutlery across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of cutlery during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative cutlery markets?
- Which factors will impact the growth of cutlery?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the cutlery industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for cutlery are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global cutlery market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the cutlery market during the forecast period.
Country-specific valuation on demand for cutlery has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of cutlery, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering cutlery has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the cutlery domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the cutlery industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- 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.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.