The edible cutlery global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Edible Cutlery Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The edible cutlery market size has grown rapidly in recent years. It will grow from $36.65 billion in 2023 to $41.34 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to growing environmental concerns, growing food and beverage industry, rising concerns about plastic waste and pollution.
The edible cutlery market size is expected to see rapid growth in the next few years. It will grow to $64.27 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to growing popularity of edible cutlery among consumers, plastic bans, rise in takeout and food delivery, global expansion. Major trends in the forecast period include innovative customization, health and nutrition focus, biodegradable packaging, collaborations and partnerships.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Rising demand for biodegradable and compostable products is expected to propel the growth of the edible cutlery market going forward. Biodegradable and compostable products are terms used to describe materials that can break down naturally and return to the environment without causing harm or leaving behind persistent waste. Edible cutlery is made from natural materials such as biodegradable and compostable materials that microorganisms can quickly decompose, making it a more sustainable alternative to plastic cutlery. For instance, in January 2023, according to Protega Global Ltd., a UK-based eco-friendly packaging solution and manufacturing company, consumer demand for sustainable packaging increased to 81% as of January 2023. Further, 64% more consumers are inclined to purchase from merchants who use eco-friendly packaging, while 50% of people are willing to pay more for environmentally friendly packaging and delivery. Therefore, the rising demand for biodegradable and compostable products is driving the growth of the edible cutlery market.
Market Trends –
Major companies operating in the edible cutlery market are focused on introducing innovative products and solutions to sustain their position in the market. For instance, in January 2023, Stroodles, a UK-based edible cutlery manufacturing company that offers biodegradable, vegan, firm and guilt-free pasta straws, launched edible bowls and sporks. These edible bowls are made from a Ryvita-type material and can hold hot and cold meals for over 1.5 hours. The bowls are designed to be 100% biodegradable. They are fully compostable in 30 days and are certified for food contact safety. Stroodles biscuit sporks are 13 cm long, vegan, 100% biodegradable and last 30+ minutes with hot and cold meals. They come in four flavors: classic, cocoa, black pepper and masala.
The edible cutlery market covered in this report is segmented –
1) By Product: Spoon; Fork; Knife; Spork; Other Products
2) By Material Type: Wheat Bran; Rice Bran; Sorghum; Corn; Millet; Other Materials
3) By 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
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Regional Insights –
North America was the largest region in the edible cutlery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in edible cutlery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the edible cutlery market are Lollicup USA Inc., Bakeys Foods Private Limited, BIOTREM Sp. z o.o., CrunchCutlery, EARTHENS Pty Ltd., Eco Design Thinking, Eco Soulife USA LLC, Edibles by Jack, Incredible Eats Inc., PetKind Inc., Planeteer LLC, Ryp Labs Inc., TwentyFiftyFork, BiteSavor Inc., Candy Cutlery, CrunchyCraft Inc., Cutlery Craze, Daily Nutreats Private Limited, Eco Save Earth, Ecolicieux Inc., EcoNourish Organics Inc., Edible Innovations LLC., FlavorForks Inc., Mede Cutlery Inc., NibbleNosh Inc., Noshable Inc., SpudWare, TerraTaste Inc., UniCrave Technologies, Unreasonable Group Inc.
Table of Contents
1. Executive Summary
2. Edible Cutlery Market Report Structure
3. Edible Cutlery Market Trends And Strategies
4. Edible Cutlery Market – Macro Economic Scenario
5. Edible Cutlery Market Size And Growth
…..
27. Edible Cutlery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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