Global Cutlery Market Size, Share, Opportunities, And Trends By Product Type (Forks (Table Fork, Dessert Fork, Others), Spoons (Teaspoon, Tablespoon, Dessert, Others), Knives (Bread Knife, Meat Knife, Dessert Knife, Others)), By Price Range (Low End, Medium Range, Premium), By Material (Stainless Steel, Plastic, Silver, Others), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2023 To 2028
- Published : Oct 2023
- Report Code : KSI061613628
- Pages : 134
The global cutlery market is projected to witness a compound annual growth rate of 2.12% to grow to US$8.826 billion by 2028 from US$7.622 billion in 2021.
The increasing number of food service restaurants coupled with an increase in hotels, cafes, and other food service joints is increasing the demand for high-quality cutlery products to serve their consumers. With increasing demand in food service establishments, there is an increasing surge for premium quality knives, and forks, among others. Moreover, the increase in technological advancement as it has made the production procedures easy is also one of the reasons boosting the global cutlery market growth.
Furthermore, the increase in e-commerce is boosting the global cutlery market in the projected period. Also, the increasing popularity of culinary shows on TV and video-on-demand networks has introduced viewers and cooking lovers to various cuisines and various cutlery options such as chopsticks with were initially used in Japan but have become famous all around the world, such globalization of cutlery is pushing the global cutlery market towards an upward curve.
Rising preference for fine dining
The growing number of fine dining restaurants along with growing per capita income in developing countries is aiding the global cutlery market growth. Further, the growing use of new and innovative products with advanced materials like carbon fiber, synthetic fibers, ceramics, and titanium alloys is increasing the demand for new and improved cutlery in the projected period. For instance, to keep up with the demand for new products Eco-Products launched its newest line of sustainable products of compostable cutlery. According to OEC World, the top importers of cutlery sets plated with precious metal in 2021 were France, Germany, the United Kingdom, the United States, and Ireland with imports worth 4.94, 4.79, 3.28, 3.10, and 2.81 million respectively. The increasing imports in France can be attributed to the presence of a large number of fine dining restaurants coupled with increasing visits of tourist to such places
In North America, it is projected that the global cutlery market will grow steadily.
The North American region is estimated to have a large share during the projected period due to the market players that are involved in matching client expectations by offering quality cutlery sets and items. Additionally, there is an increase in financing for R&D initiatives to identify better composition and raw materials, which will enhance the efficacy and efficiency of the cutlery products and fuel the regional cutlery market.
The United States is anticipated to be the largest growing market during the forecast period
The United States cutlery market is growing owing to the increased demand for edible cutlery, as people are more concerned about the environment and are switching to decompostable and edible cutlery. The market is also growing due to growth in government initiatives and various product developments in the nation.
According to the US Census Bureau, the import of cookware, cutlery, and tools increased from 1,069 million dollars in May to 1,079 million dollars in June 2023. This import growth is due to the rising demand for an improved dining experience. Manufacturers in the nation are further focusing on product innovation, diminishing the use of plastics and using environmentally friendly products. For instance, Sabert Corporation announced the introduction of a new line of compostable paper cutlery in April 2022. The cutlery line is recyclable and constructed of FSCTM-certified paper. The set comes with a 13cm coffee spoon, a 17cm fork, a 17cm knife, and four 17cm spoons.
Market Key Developments
- In August 2023, the family-owned American manufacturer Benchmade Knife Company (Benchmade) unveiled a newly designed website with a digital makeover that highlights the brand's dedication to quality.
- In June 2023, Sabert, a leading producer of sustainable food packaging solutions in the United States, unveiled its EcoEdge line of patented recyclable and biodegradable paper cutlery.
- In April 2023, Eco-items introduced compostable cutlery with a distinctive, user-friendly design that is constructed from birch wood and has been certified by the Forest Stewardship Council (FSC) as the newest range of eco-friendly items.
Global Cutlery Market Scope:
Report Metric | Details |
Market Size Value in 2021 | US$7.622 billion |
Market Size Value in 2028 | US$8.826 billion |
Growth Rate | CAGR of 2.12% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Product Type, Price Range, Material, Distribution Channel, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Böker Baumwerk GmbH Solingen, Carl Schmidt Sohn GmbH, Kyocera Corporation, BergHOFF, Ergo Chef, Stanley Rogers, Fiskars Group, W.Wright, KitchenAid, ZWILLING |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Product Type
- Forks
- Table Fork
- Dessert Fork
- Others
- Spoons
- Teaspoon
- Tablespoon
- Dessert
- Others
- Knives
- Bread Knife
- Meat Knife
- Dessert Knife
- Others
- Forks
- By Price Range
- Low End
- Medium Range
- Premium
- By Material
- Stainless Steel
- Plastic
- Sliver
- Others
- By Distribution Channel
- Online
- Offline
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
Frequently Asked Questions (FAQs)
The cutlery market is projected to witness a CAGR of 2.12% during the forecast period.
The global cutlery market is projected to reach a market size of US$8.826 billion by 2028.
Cutlery Market was valued at US$7.622 billion in 2021.
The North American region holds a considerable share of the cutlery market over the forecast period.
The growing number of fine dining restaurants along with growing per capita income in developing countries is aiding the global cutlery market growth.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL CUTLERY MARKET ANALYSIS, BY PRODUCT TYPE
5.1. Introduction
5.2. Forks
5.2.1. Table Fork
5.2.2. Dessert Fork
5.2.3. Others
5.3. Spoons
5.3.1. Teaspoon
5.3.2. Tablespoon
5.3.3. Dessert
5.3.4. Others
5.4. Knives
5.4.1. Bread Knife
5.4.2. Meat Knife
5.4.3. Dessert Knife
5.4.4. Others
6. GLOBAL CUTLERY MARKET ANALYSIS, BY PRICE RANGE
6.1. Introduction
6.2. Low End
6.3. Medium Range
6.4. Premium
7. GLOBAL CUTLERY MARKET ANALYSIS, BY MATERIAL
7.1. Introduction
7.2. Stainless Steel
7.3. Plastic
7.4. Sliver
7.5. Others
8. GLOBAL CUTLERY MARKET ANALYSIS, BY DISTRIBUTION CHANNEL
8.1. Introduction
8.2. Online
8.3. Offline
9. GLOBAL CUTLERY MARKET ANALYSIS, BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. By Product Type
9.2.2. By Price Range
9.2.3. By Material
9.2.4. By Distribution Channel
9.2.5. By Country
9.2.5.1. United States
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. By Product Type
9.3.2. By Price Range
9.3.3. By Material
9.3.4. By Distribution Channel
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. By Product Type
9.4.2. By Price Range
9.4.3. By Material
9.4.4. By Distribution Channel
9.4.5. By Country
9.4.5.1. UK
9.4.5.2. Germany
9.4.5.3. France
9.4.5.4. Spain
9.4.5.5. Italy
9.4.5.6. Others
9.5. Middle East and Africa
9.5.1. By Product Type
9.5.2. By Price Range
9.5.3. By Material
9.5.4. By Distribution Channel
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. United Arab Emirates
9.5.5.3. Israel
9.5.5.4. Others
9.6. Asia Pacific
9.6.1. By Product Type
9.6.2. By Price Range
9.6.3. By Material
9.6.4. By Distribution Channel
9.6.5. By Country
9.6.5.1. Japan
9.6.5.2. China
9.6.5.3. India
9.6.5.4. South Korea
9.6.5.5. Taiwan
9.6.5.6. Thailand
9.6.5.7. Indonesia
9.6.5.8. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. Böker Baumwerk GmbH Solingen
11.2. Carl Schmidt Sohn GmbH
11.3. Kyocera Corporation
11.4. BergHOFF
11.5. Ergo Chef
11.6. Stanley Rogers
11.7. Fiskars Group
11.8. W.Wright
11.9. KitchenAid
11.10. ZWILLING
Böker Baumwerk GmbH Solingen
Kyocera Corporation
BergHOFF
Ergo Chef
Stanley Rogers
Fiskars Group
W.Wright
KitchenAid
ZWILLING
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