Report ID: SQMIG30I2277
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.
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Report ID: SQMIG30I2277