Researchstore.biz launched a study titled “Global Edible Cutlery Marketby Category (Utility Based, Designer Based), Raw Material (Metal, Non-Metal), Type (Eco-Friendly, Stocked, and Disposable), Price Range (Low, Moderate, High), Application (Household, Commercial),Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.
The global edible cutlery market is expected to grow from USD 523.38 Million in 2017 to USD 1,156.35 Million by 2025 at a CAGR of 5.41% during the forecast period from 2018-2025. Major drivers that fuel the growth of edible cutlery market are:
Increase in adoption of eco-friendly products
Increasing popularity of casual dining
Demand for advanced materials in edible cutlery
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The edible cutlery are tools used in preparing, serving, and eating food. These cutlery are seen as the replacement to plastic disposable cutlery. It is made of eco-friendly substitute that are easy to dispose and contains natural materials such as wood, bamboo, and flours. The edible cutlery does not produce any environment waste and does not cause any health problem even when consumed. The growing social responsibility awareness has caused several organization, corporate offices, and individuals to use edible cutlery that will lead to the market growth in future.
Increase in adoption of eco-friendly products and demand for advanced materials in edible cutlery is anticipated to drive edible cutlery market:
Increase in adoption of eco-friendly products and increasing popularity of casual dining are the key driving factors for the edible cutlery market. The use of stainless steel & plastics and the higher price may limit the growth of market. However, inventions of new edible cutlery products and ban policy of government for plastic cutlery is expected to boost the edible cutlery market over the forecast period.
The global edible cutlery market is segmented on the basis of type, category, raw material, price range, application, and regions.
Eco-Friendly segment valued around USD 189.41 Million in 2017
Type segment includes eco-friendly, stocked, and disposable. Eco-Friendly segment is anticipated to grow with highest CAGR over the forecast period. Here, contributing factors are increase in the demand environment friendly products and non-harmful to health. Additionally, eco-friendly cutlery are less chemically reactive and introduction of new advanced edible cutlery products are key factors to drive the demand of eco-friendly segment.
Designer based segment is expected to grow with highest CAGR of 7.19% over the forecast period
Category segment is divided into utility based and designer based. Designer segment is playing a chief role in shaping business growth, disrupting industry verticals and acting as catalyst for business modernization. The designer cutlery are attracting more consumers due to its style, design, and durability are the key feature for increasing growth of designer based segment.
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the largest market size of USD 177.06 Million in 2017. The Asian countries like China, India, and Japan have adopted eco-friendly cutlery and ease of use & disposing of edible cutlery. For instance, Government of India has banned the single-use plastics and has planned to eliminate all single-use plastics by year 2022, this creates huge opportunity for the adoption of edible cutlery in this region. Also, the government of various countries like Taiwan, Malaysia, Japan, and China had banned the use of disposable plastic that led to the growth of edible cutlery market in this region.
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The major players for edible cutlery market include BAKEYS Food Pvt Ltd., TFOD, Namma Boomi, Newell International Industry Co., Ltd., Danyang Pulite Metalware Co., Ltd, Taizhou Huangyan Haipu Industry Co.,Ltd, BergHoff International Inc., John Boos & Co., Picnic time, Melange Home, and Kentucky Fried Chicken(KFC), Gajamukha Foods, and among others.