USD 36.84 billion
Report ID:
SQMIG30I2277 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
64
|Figures:
80
Global Edible Cutlery Market size was valued at USD 36.84 billion in 2022 and is poised to grow from USD 40.86 billion in 2023 to USD 93.48 billion by 2031, growing at a CAGR of 10.9% during the forecast period (2024-2031).
The global edible cutlery market is gaining traction as a sustainable and innovative solution to address the growing concerns of plastic waste and its impact on the environment. Edible cutlery offers an eco-friendly alternative to traditional plastic utensils, as they are made from natural ingredients such as wheat, rice, millet, and sorghum, making them biodegradable and edible. This unique concept aligns with the increasing consumer preference for environmentally friendly products and sustainable consumption. The market's growth is driven by several factors. Firstly, the rising awareness about plastic pollution and its detrimental effects on oceans and ecosystems is encouraging consumers and businesses to seek alternatives.
Secondly, the food service industry is adopting edible cutlery as a way to enhance their sustainability initiatives and reduce their carbon footprint. Additionally, government regulations aimed at curbing single-use plastic products are also creating a favorable environment for the adoption of edible utensils. Furthermore, the versatility of edible cutlery is contributing to its market expansion. It comes in various shapes, sizes, and flavors, catering to a wide range of culinary preferences and occasions. While the initial cost of edible cutlery might be slightly higher than traditional plastic options, its biodegradability and novelty factor are driving its appeal.
US Edible Cutlery Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 36.84 billion
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
10.9% CAGR
To get more reports on the above market click here to Buy The Report
The global edible cutlery market is segmented on the basis of Product, Raw Material, Application and region. By Product, the market is segmented into Spoon, Fork, Knife, Spork, and Chopstick. By Raw Material, the market is segmented into Corn, Wheat Bran, Rice Bran, Others. By Application, the market is segmented into Household, Commercial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Edible Cutlery Market Analysis By Product
In the global edible cutlery market, Among the products, the Spoon segment is likely the dominant one. Spoons are widely used for various types of meals and are considered a universal cutlery item across cultures. Their versatility makes them a popular choice, driving consistent demand in both household and food service settings.
On the other hand, the fastest growing segment is likely the Spork (a combination of spoon and fork). The spork offers the benefits of both spoon and fork in one utensil, making it convenient for consumers looking to minimize waste and simplify their dining experience. The spork's rising popularity is fueled by its eco-friendly appeal and practicality, making it an attractive choice for both eco-conscious consumers and the food industry aiming to reduce single-use plastics. As sustainability concerns grow and consumers seek more efficient utensil options, the spork segment is positioned for rapid expansion in the edible cutlery market.
Edible Cutlery Market Analysis By Application
In the global edible cutlery market, the dominant segment is the commercial application. This refers to the use of edible cutlery in the food service industry, including restaurants, cafes, fast food chains, catering services, and events. The commercial sector often seeks innovative and sustainable alternatives to traditional single-use plastic cutlery, driving the adoption of edible cutlery as an eco-friendly solution.
On the other hand, the household application is the fastest-growing segment in the market. As more consumers become environmentally conscious and seek to reduce their plastic waste footprint, the demand for edible cutlery for personal use at home is rapidly increasing. Edible cutlery provides a convenient and sustainable option for everyday dining, aligning with the growing trend of eco-friendly consumer choices.
To get detailed analysis on other segments, Request For Free Sample Report
The global edible cutlery market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In the global edible cutlery market, Asia-Pacific stands out as the dominant region. This region's dominance can be attributed to its large population, significant consumption of packaged foods, and cultural preferences for sustainability and eco-friendly products. Countries like India, China, and Japan have witnessed a notable uptake in edible cutlery due to heightened environmental awareness and a shift towards reducing plastic waste.
As for the fastest-growing region, North America is prominently emerging. The region's strong inclination toward eco-consciousness, coupled with an increasing emphasis on reducing single-use plastic waste, has driven the adoption of edible cutlery. Consumers in the United States and Canada are actively seeking sustainable alternatives, and this trend has created a conducive environment for the growth of the edible cutlery market. As more businesses and consumers prioritize environmental concerns, the North American market for edible cutlery is experiencing rapid expansion.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Edible Cutlery Market Drivers
Environmental Concerns and Sustainability:
Health and Wellness Trends:
Edible Cutlery Market Restraints
Limited Awareness and Acceptance:
Cost and Shelf Life:
Request Free Customization of this report to help us to meet your business objectives.
The global edible cutlery market presents a competitive landscape marked by a mix of established players and innovative startups. Key industry participants like Biotrem, Bakeys, and Edible Provisions are driving market growth with their diverse range of edible cutlery products. These companies emphasize sustainability and eco-friendliness, catering to the increasing consumer demand for environmentally conscious alternatives to traditional plastic utensils. The market is characterized by product innovation, with companies exploring various edible materials, flavors, and designs to enhance user experience. Collaborations and partnerships within the foodservice and hospitality sectors are becoming common, allowing for broader distribution and market penetration. As awareness about single-use plastic pollution rises, regulatory support for sustainable solutions further propels market expansion.
Edible Cutlery Market Top Player’s Company Profile
Edible Cutlery Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global edible cutlery market analysis, the market is witnessing notable growth due to increasing concerns about plastic waste and environmental sustainability. Edible cutlery, made from materials like wheat, rice, and corn, presents a viable alternative to traditional single-use plastic utensils. Growing awareness about the harmful impact of plastic on ecosystems has fueled the demand for eco-friendly options. The market's expansion is further driven by rising consumer preference for biodegradable products and a shift toward more sustainable consumption patterns. Additionally, governmental regulations aimed at reducing plastic usage are pushing the adoption of edible cutlery. As the foodservice industry and individuals seek greener alternatives, the market is poised for continued growth. However, challenges such as cost-effectiveness, taste, and shelf-life of edible cutlery could impact its widespread adoption. Overall, the trend towards environmental responsibility is steering the edible cutlery market toward a promising future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 36.84 billion |
Market size value in 2031 | USD 93.48 billion |
Growth Rate | 10.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Edible Cutlery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Edible Cutlery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Edible Cutlery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Edible Cutlery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30I2277
sales@skyquestt.com
USA +1 351-333-4748