Global Edible Cutlery Market, By Product Type (Spoon, Fork, Knife, Spork, Chopstick), Material Type (Wheat Bran, Rice Bran, Sorghum, Corn, Millet, Others), Flavor (Plain, Sweet, Spicy), End-Use (Food Service Outlets, Hotels, Restaurants and Cafes, Quick Service Restaurants, Institutional Food Service, Cinema, Airline and Railway Catering, Schools and Offices, Hospitals, Household Use), Sales Channel (Manufacturers (Direct Sales), Distributors, Retailers, Hypermarket, Supermarket, Convenience Stores, Specialty Stores, E-Retail) – Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, there has been a growing awareness among the general public about the dangers of utilizing plastics. Due to the non-biodegradable nature of plastics, people are exploring for alternatives. Many governments worldwide are concentrating their efforts on reducing pollution levels caused by the over use of plastics. One of the most important moves observed these days to avoid plastics is to promote the use of edible cutlery. This factor is propelling the global edible cutlery market forward.
Global Edible Cutlery Market was valued at USD 29.40 million in 2021 and is expected to reach USD 59.10 million by 2029, registering a CAGR of 9.12% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Spoon, Fork, Knife, Spork, Chopstick), Material Type (Wheat Bran, Rice Bran, Sorghum, Corn, Millet, Others), Flavor (Plain, Sweet, Spicy), End-Use (Food Service Outlets, Hotels, Restaurants and Cafes, Quick Service Restaurants, Institutional Food Service, Cinema, Airline and Railway Catering, Schools and Offices, Hospitals, Household Use), Sales Channel (Manufacturers (Direct Sales), Distributors, Retailers, Hypermarket, Supermarket, Convenience Stores, Specialty Stores, E-Retail)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Kindred Group PLC (Malta), Flutter Entertainment plc (Ireland), NetEnt AB (publ). (Sweden), Betsson AB (publ)(Sweden), Ladbrokes Betting & Gaming Ltd. (UK), and 888 Holdings (UK), Lottery.hk (China), The Hong Kong Jockey Club (China), MGM Resorts International (U.S.), Crown Resorts Limited (Australia), Caesars Entertainment (U.S.), Las Vegas Sands Corporation (U.S.), Melco International Development Limited (China), Genting Berhad (Malaysia), Wynn Resorts Holdings, LLC (U.S.) and Galaxy Entertainment Group Limited (China)
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Market Opportunities
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Market Definition
Edible cutlery is a type of tableware that can be used instead of plastic cutlery. These cutlery are produced from plants and healthier alternatives to plastic cutlery. Spoons, forks, knives, sporks, and chopsticks are among the most often used edible cutlery in the world. Because fresh edible cutleries include a variety of necessary vitamins and minerals, they are considered healthful.
Edible Cutlery Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Demand for Edible cutlery
One major issue with the use of plastic is that it can take hundreds of years to decompose once thrown, causing major waste management issues as well as being a threat to wildlife and the environment. On the other hand, biodegradable products use different materials and chemical reactions to break down once they've been exposed to the environment. However, just because something is biodegradable does not mean it is environmentally friendly in every way. From a sustainable materials standpoint, edible cutlery plays a critical role in reducing packaging material waste.
Furthermore, the rising preferences the usages of fresh edible cutlery due to the prevalence of essential minerals and vitamins is projected to create outstanding demand for the edible cutlery services during the forecasted period. Additionally, the abundance availability of various grains, including rice, is expected to ensure access to raw material for edible cutlery vendors will also drive market value growth over forecasted timeframe. Furthermore, the increase in preference for corn as a staple food has created a fondness for corn-based spoons and forks also boosts the overall market’s growth.
Opportunities
- Introduction and Government Initiatives
Furthermore, the introduction of additional healthy flours and healthy herbs by different market players further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing end-user preference for edible cutlery over conventional formats will further expand the future growth of the edible cutlery market.
Restraints/Challenges
- Transpiration and Handling Issues
Despite its bright prospects, the worldwide edible cutlery market may confront transportation and handling issues. This factor will create hindrances for the growth of the edible cutlery market.
- Stringent Regulations Associated with Edible cutlery
The government is intervening by imposing restrictions to reduce such repercussions and bad effects associated with the mobile edible cutlery industry services. The governments of various global players across the globe are formulating stringent regulations that are will prove to be a demerit for the edible cutlery market. Therefore, this factor is anticipated to challenge the edible cutlery market growth rate.
This edible cutlery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the edible cutlery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Edible Cutlery Market
The recent outbreak of coronavirus had a huge impact on the edible cutlery market. The COVID pandemic has significantly influenced the market in terms of sales, with more than 44% of unit sales being hampered due to disruptions in manufacturers' transit capacity due to strict lockdown requirements and rising safety concerns. Furthermore, the edible cutlery business has been hit by supply chain disruptions, demand destruction, and changes in customer behaviour as a result of strict lockdown circumstances around the world.
Restaurants and cafés have closed as a result of COVID-19 and the lockdown, and food delivery to the house has increased. Since most meal delivery services provide edible cutlery as an alternative for plastic cutlery, this is projected to benefit the edible cutlery market.
Global Edible Cutlery Market Scope
The edible cutlery market is segmented on the basis of product type, material type, flavor, end-use, and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Spoon
- Fork
- Knife
- Spork
- Chopstick
Material Type
- Wheat Bran
- Rice Bran
- Sorghum
- Corn
- Millet
- Others
Flavor
- Plain
- Sweet
- Spicy
End-Use
- Food Service Outlets
- Hotels
- Restaurants and Cafes
- Quick Service Restaurants
- Institutional Food Service
- Cinema
- Airline and Railway Catering
- Schools and Offices
- Hospitals
- Household Use
Sales Channel
- Manufacturers
- Direct Sales
- Distributors
- Retailers
- Hypermarket
- Supermarket
- Convenience Stores
- Specialty Stores
- E-Retail
Edible Cutlery Market Regional Analysis/Insights
The edible cutlery market is analyzed and market size insights and trends are provided by country, product type, material type, flavor, end-use, and sales channel as referenced above.
The countries covered in the edible cutlery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing applications within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing spending on research and development in the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Edible Cutlery Market Share Analysis
The edible cutlery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to edible cutlery market.
Some of the major players operating in the edible cutlery market are-
- Biotrem (France)
- BrightVibes B.V. (Netherlands)
- EdiblePRO (India)
- Edibles by Jack (U.S.)
- Frenvi UG (Germany)
- Greenhome Farms & Resorts P Ltd. (India)
- IPPINKA (Canada)
- KDD (India) Private Limited (India)
- KOOVEE (India)
- Mede Cutlery Company (India)
- Wisefood (India)
- Mede Cutlery Company (India)
- Oriqa Groups (India)
- Tate & Lyle (India)
- Trishula (India)
- Vegware Ltd (U.K.)
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