Cutlery Market Overview
The cutlery market has experienced moderate growth in recent years, but is expected to witness significant growth over the coming years. Preferences of consumers and other end users have been turning towards mass market products, which have shown significant reduction in consumer demand for premium materials. Cutlery, made from stainless steel and wood, has experienced significant increase in sales in recent years. The cutlery market size is expected to grow 1.8X by 2030 in comparison with the value in 2020.
Cutlery Market Drivers
With positive integration of digital platforms into the restaurant industry, there has been a significant surge in the demand for cutlery products such as spoons and forks. Food delivery businesses provide disposable cutlery with each order to their customers, which has created a massive opportunity for manufacturers in the cutlery market. While governmental regulations have been deterrents for current growth, sustainable alternatives available in the market and increased adoption of reusable cutlery in the food service industry are expected to drive market growth.
For better understanding of revenue contribution of each end use to the cutlery market, ask an exert analyst
Regional Outlook of Cutlery Market
Europe has the second-largest cutlery market share, and high imports from developing countries is one of the key characteristics of the region. The Europe cutlery market is expected to experience moderate growth, with increasing bans on single-use products prevalent in the European Union. Germany is on the forefront of these bans, and in June 2020, declared a ban on single-use cutlery such as plates, straws, and cups by mid-2021.
Growth of the cutlery market in the Asia Pacific region is expected to be higher than North America and Europe, which is expected to expand 2X by 2030 over the value in 2020.
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Cutlery Market: Competitive Analysis
The global cutlery market is fragmented in nature, with top players accounting for nearly 30% of global revenue. High fragmentation and high concentration of regional players is one of the key characteristics of the cutlery market. The market is expected to move towards consolidation over the coming years. Emerging players with sustainable materials such as reusable and edible cutlery are expected to increase competition in the lower tiers of the cutlery market.
- For instance in 2020, Akvila Cutlery launched a reusable cutlery line made from renewable PP polymers. Similar new product launches are expected in the cutlery market, which are expected to rejuvenate the product life cycle of cutlery types.
COVID-19 Impact on Cutlery Market
The COVID-19 crisis is having a positive impact on the growth of the cutlery market. While dampening sales during initial lockdowns across multiple countries was observed, the cutlery market has experienced recovery after the initial shock. Decline in demand during the second quarter of 2020 due to sporadic lockdowns was recovered, with recovery during the third quarter due to easement of regulations and resuming of food delivery services. Opening of the food service industry related to dining and cafes is expected to further increase demand for cutlery as time goes by.
The Analyst’s Viewpoint
“Institutional food services are expected to experience 1.9X growth over the forecast period. Fact.MR recommends investments in collaborations with institutional food services to grab lucrative opportunities in the long term.”
Cutlery Market: Scope of the Report
The cutlery market report by Fact.MR offers forecast representation for the period of 2020 to 2030. The report elaborates on key drivers, restraints, opportunities, and threats influencing the expansion of the cutlery market. A detailed segmental analysis, based on product, end use, sales channel, and region has been provided in the report. The report also covers a chapter on the COVID-19 impact to arm stakeholders with necessary information.
Regional analysis in terms of supply chain analysis, business execution, and market value analysis provides an in-depth perspective about the future scope of the cutlery market. In addition, a section providing detailed analysis of key cutlery market players and strategies has been added to the study.
Cutlery Market – Report Scope
A recent study by Fact.MR on the cutlery market offers a 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the cutlery 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 the manufacturing of cutlery. The study also provides dynamics that are expected to influence the future status of the cutlery market over the forecast period.
A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the cutlery market enhances the reliability of this comprehensive research study.
Cutlery Market: Report Summary
The study offers a comprehensive analysis on diverse features, including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the cutlery market across the globe.
A comprehensive estimate on the cutlery market has also been considered through an optimistic scenario as well as a conservative scenario regarding the sales of cutlery during the forecast period. Price point comparison by region with global average price is also considered in the study.
Cutlery Market: Segmentation
Fact.MR has studied the cutlery market with detailed segmentation on the basis of product, end use, sales channel, and region.
|
Product |
End Use |
Sales Channel |
Region |
|
Spoons |
Food Service Outlets |
Direct Sales |
North America |
|
Soup Spoons |
HoReCa |
Modern Trade |
Latin America |
|
Forks |
Institutional Food Service |
Specialty Stores |
Europe |
|
Knives |
Residential Usage |
Online Retail |
East Asia |
|
Sporks |
Other End Uses |
Other Sales Channels |
South Asia and Oceania |
|
Chopsticks |
|
|
MEA |
|
Straws |
|
|
|
|
Stirrers |
|
|
|
|
Others |
|
|
|
Cutlery Market: Analysis on Market Size Evaluation
The study provides each market segment in terms of value (US$ Mn) analysis in the cutlery market.
Market estimates at global and regional levels for cutlery are available in terms of “US$ Mn” for value and “Mn Units” in terms of volume. A Y-o-Y growth contrast on prominent cutlery market segments, along with market attractiveness evaluation has been incorporated in the report. Another key feature of the cutlery market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from sales and delivery perspectives, in the cutlery market.
Cutlery Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter 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 valuations on demand for cutlery have been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of prominence in regions and countries. Regional market Y-o-Y growth estimates have also incorporated in the report.
Detail breakup in terms of value for emerging countries has also been included in the report.
Cutlery Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers in the cutlery market, along with their detailed profiles. Essential and up-to-date data related to market players who are principally engaged in the production of cutlery has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus providing readers with actionable insights, which help in thoughtfully presenting market status and predicting the competition levels in the cutlery market. Prominent companies operating in the global cutlery market include The Oneida Group Inc., Browne Foodservice, Sysco Corporation, IVO Cutlery, Canada Green Natural Products, Greenmunch, Green Century Enterprises Inc., Steelite International, DWL International Tradind LLC (Winco), Utica Cutlery Company, Bauscher Hepp, and TUO Cutlery.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Summary of Key Findings
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1.1. Impact on Market Value (US$ Mn)
3.1.1.1. Quarter by Quarter Demand and Recovery Assessment
4. Market Background and Foundation Data Points
4.1. Packaging Market Outlook
4.2. Regulatory Landscape
4.3. Shifting Retail and Distribution landscape
4.4. Scenario based Growth Forecast
4.5. Value Chain Analysis
4.5.1. List of Key Manufacturers
4.5.2. List of Channel Partners
4.5.3. Operating Margins
4.5.4. Notes on Value Added at Each Node in the Value Chain
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Cutlery Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Global Cutlery Market Value Analysis 2015-2019 and Forecast, 2020-2030
5.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
5.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Global Cutlery Market Analysis 2015-2019 and Forecast 2020-2030, By Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) & Volume (Mn Units) Analysis By Product Type, 2015-2019
6.3. Current and Future Market Size (US$ Mn) & Volume (Mn Units) Analysis and Forecast By Product Type, 2020 - 2030
6.3.1. Spoon
6.3.2. Soup Spoon
6.3.3. Fork
6.3.4. Knife
6.3.5. Spork
6.3.6. Chopsticks
6.3.7. Straw
6.3.8. Stirrers
6.3.9. Others
6.4. Market Attractiveness Analysis By Product Type
7. Global Cutlery Market Analysis 2015-2019 and Forecast 2020-2030, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) & Volume (Mn Units) Analysis By End Use, 2015-2019
7.3. Current and Future Market Size (US$ Mn) & Volume (Mn Units) Analysis and Forecast By End Use, 2020 - 2030
7.3.1. Food Service Outlets
7.3.2. HoReCa
7.3.3. Institutional Food Service
7.3.4. Residential Usage
7.3.5. Other End-users
7.4. Market Attractiveness Analysis By End Use
8. Global Cutlery Market Analysis 2015-2019 and Forecast 2020-2030, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) & Volume (Mn Units) Analysis By Sales Channel, 2015-2019
8.3. Current and Future Market Size (US$ Mn) & Volume (Mn Units) Analysis and Forecast By Sales Channel, 2020 - 2030
8.3.1. Direct Sales
8.3.2. Modern Trade
8.3.3. Specialty Stores
8.3.4. Online Retail
8.3.5. Other Sales Channel
8.4. Market Attractiveness Analysis By Sales Channel
9. Global Cutlery Market Analysis 2015-2019 and Forecast 2020-2030, by Region
9.1. Introduction
9.2. Historical Market Size (US$ Mn) & Volume (Mn Units) Analysis By Region, 2015-2019
9.3. Current Market Size (US$ Mn) & Volume (Mn Units) Analysis and Forecast By Region, 2020 - 2030
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. East Asia
9.3.5. South Asia & Oceania
9.3.6. Middle East and Africa (MEA)
9.4. Market Attractiveness Analysis By Region
10. North America Cutlery Market Analysis 2015-2019 and Forecast 2020-2030
10.1. Introduction
10.2. Market Size (US$ Mn) & Volume (Mn Units) Forecast By Market Taxonomy, 2020 - 2030
10.2.1. By Country
10.2.1.1. U.S.
10.2.1.2. Canada
10.2.2. By Product Type
10.2.3. By End Use
10.2.4. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By End Use
10.3.4. By Sales Channel
11. Latin America Cutlery Market Analysis 2015-2019 and Forecast 2020-2030
11.1. Introduction
11.2. Market Size (US$ Mn) & Volume (Mn Units) Forecast By Market Taxonomy, 2020 - 2030
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Product Type
11.2.3. By End Use
11.2.4. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By End Use
11.3.4. By Sales Channel
12. Europe Cutlery Market Analysis 2015-2019 and Forecast 2020-2030
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
12.4. Market Size (US$ Mn) & Volume (Mn Units) Forecast By Market Taxonomy, 2020 - 2030
12.4.1. By Country
12.4.1.1. Germany
12.4.1.2. France
12.4.1.3. Italy
12.4.1.4. Spain
12.4.1.5. U.K.
12.4.1.6. Rest of Europe
12.4.2. By Product Type
12.4.3. By End Use
12.4.4. By Sales Channel
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By End Use
12.5.4. By Sales Channel
13. East Asia Cutlery Market Analysis 2015-2019 and Forecast 2020-2030
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
13.4. Market Size (US$ Mn) & Volume (Mn Units) Forecast By Market Taxonomy, 2020 - 2030
13.4.1. By Country
13.4.1.1. China
13.4.1.2. Japan
13.4.1.3. South Korea
13.4.2. By Product Type
13.4.3. By End Use
13.4.4. By Sales Channel
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By End Use
13.5.4. By Sales Channel
14. South Asia & Oceania Cutlery Market Analysis 2015-2019 and Forecast 2020-2030
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
14.4. Market Size (US$ Mn) & Volume (Mn Units) Forecast By Market Taxonomy, 2020 - 2030
14.4.1. By Country
14.4.1.1. India
14.4.1.2. Thailand
14.4.1.3. Indonesia
14.4.1.4. Rest of South Asia
14.4.2. By Product Type
14.4.3. By End Use
14.4.4. By Sales Channel
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By End Use
14.5.4. By Sales Channel
15. Middle East and Africa Cutlery Market Analysis 2015-2019 and Forecast 2020-2030
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
15.4. Market Size (US$ Mn) & Volume (Mn Units) Forecast By Market Taxonomy, 2020 - 2030
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. Turkey
15.4.1.3. Rest of Middle East and Africa
15.4.2. By Product Type
15.4.3. By End Use
15.4.4. By Sales Channel
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By End Use
15.5.4. By Sales Channel
16. Market Structure Analysis
16.1. Market Analysis by Tier of Companies
16.2. Market Concentration
16.3. Market Share Analysis of Top Players
17. Competition Analysis
17.1.1. The Oneida Group Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Sales Footprint
17.1.1.4. Strategy Overview
17.1.2. Browne Foodservice
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Sales Footprint
17.1.2.4. Strategy Overview
17.1.3. Sysco Corporation
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Sales Footprint
17.1.3.4. Strategy Overview
17.1.4. IVO Cutlery
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Sales Footprint
17.1.4.4. Strategy Overview
17.1.5. Canada Green Natural Products
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Sales Footprint
17.1.5.4. Strategy Overview
17.1.6. Greenmunch
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Sales Footprint
17.1.6.4. Strategy Overview
17.1.7. Green Century Enterprises Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Sales Footprint
17.1.7.4. Strategy Overview
17.1.8. Steelite International
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Sales Footprint
17.1.8.4. Strategy Overview
17.1.9. DWL International Tradind LLC (Winco)
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Sales Footprint
17.1.9.4. Strategy Overview
17.1.10. Utica Cutlery Company
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Sales Footprint
17.1.10.4. Strategy Overview
17.1.11. Bauscher Hepp
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Sales Footprint
17.1.11.4. Strategy Overview
17.1.12. TUO Cutlery
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Sales Footprint
17.1.12.4. Strategy Overview
18. Appendix
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Cutlery Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030