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Edible Cutlery Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global edible cutlery products market was valued at USD 8.3 billion in 2021 and is projected to expand at a CAGR of 14.4% from 2022 to 2030. The growing awareness of environmental sustainability and the need for alternatives to plastic cutlery are the primary drivers of the market. Edible cutlery products are biodegradable, eco-friendly, and sustainable, making them a viable alternative to traditional plastic cutlery.
The increasing demand for convenience products is also driving the market. Edible cutlery products are lightweight and easy to carry, making them a popular choice for travelers, students, and working professionals. Furthermore, the rising popularity of food delivery services is also boosting the market. Edible cutlery products are a great choice for food delivery services, as they are easy to transport and do not require washing after use.
The increasing demand for healthy and organic food products is also driving the edible cutlery products market. These edible cutlery products are made from organic ingredients, making them a healthier and more sustainable option than traditional plastic cutlery. Furthermore, the increasing popularity of organic food products is likely to boost the market for edible cutlery products in the coming years.
In addition, the rising awareness of food safety is driving the market for edible cutlery products. Edible cutlery products are made from natural ingredients, making them safe for use with food. This is especially beneficial for those with food allergies, as edible cutlery products do not contain any allergens. Furthermore, the increasing demand for vegan and dairy-free products is also spurring the market growth.
The rising trend of customization is also driving the market for edible cutlery products. Companies are launching products with custom designs, flavors, and colors to cater to the demands of their customers. For instance, in December 2021, India-based edible cutlery manufacturer Bakeys launched a new line of products with customizable designs and flavors. The company provides customers with the option to choose from a variety of flavors, such as chocolate, strawberry, and coconut.
Furthermore, the increasing demand for eco-friendly packaging solutions is driving the market. Edible cutlery products are 100% biodegradable, eliminating the need for plastic packaging. This is beneficial for companies looking to reduce their carbon footprint and become more eco-friendly. The growing availability of edible cutlery products in both online and offline stores is further expected to boost the market growth in the coming years.
Product Insights
The edible cutlery segment is expected to witness the highest CAGR of 8.2% over the forecast period. Growing awareness regarding environmental pollution, the need for sustainable solutions, and the rising demand for food-based products are some of the key factors driving the growth of the edible cutlery market. According to an article published by the World Wildlife Foundation in January 2020, single-use plastic cutlery contributes to around 3.3 million tonnes of plastic waste every year. Moreover, companies are introducing innovative and sustainable cutlery solutions to reduce plastic waste and cater to the growing needs of the consumers. For instance, Spoon Me is a company that manufactures edible cutlery from wheat and rice, making it a convenient and disposable option for consumers.
Distribution Channel Insights
The supermarkets and hypermarkets segment accounted for the largest share of the edible cutlery market in 2022. The growth of this segment is attributed to the rising consumer preference for supermarkets and hypermarkets as a primary source for purchasing edible cutlery. Moreover, supermarkets and hypermarkets offer a wide variety of edible cutlery products with different sizes, shapes, colors, and designs. Consumers can easily view and compare the different products present in the market.
The online segment is expected to expand at the highest CAGR of 12.4% during the forecast period. The rise in internet penetration and the increasing penetration of smartphones and tablets have enabled consumers to purchase edible cutlery products online. Moreover, the growing trend of online shopping has increased the demand for edible cutlery products. E-commerce players such as Amazon and Flipkart are offering a wide range of edible cutlery products, which is expected to drive the segment in the coming years.
Type Insights
The edible cutlery market is segmented into plastic and starch-based products. The starch-based segment is estimated to expand at a higher CAGR of 12.2% during the forecast period. This is owing to the increasing demand for eco-friendly and biodegradable products, which are often made from tapioca, wheat, corn, and potato starches. Furthermore, the increasing demand for edible cutlery in the foodservice industry is propelling the growth of the starch-based segment.
The plastic segment accounted for the largest revenue share of 66.3% in 2020. This is attributed to the growing demand for plastic cutlery products due to their low cost, convenience, and ease of disposal. Moreover, the introduction of compostable plastic products is also driving the demand for plastic-based products. For instance, in January 2021, Bakeys, an India-based food manufacturer, launched a range of edible cutlery products made from organic jowar, ragi, wheat, and rice. These products are eco-friendly, biodegradable, and compostable.
Regional Insights
Asia Pacific is expected to hold the largest share in the global edible cutlery market in the coming years. This growth is attributed to the high demand for eco-friendly products. Furthermore, the presence of major players in the region and the increasing awareness regarding the environmental impacts of plastic cutlery are expected to drive the market growth. For instance, in April 2021, Indian-based company Bakeys Foods launched a range of edible cutlery products in India.
North America is expected to witness the highest growth in the coming years. This growth is due to the increasing awareness about the environment and the health benefits of edible cutlery. Furthermore, the proliferation of veganism in the region is expected to drive the demand for edible cutlery products. For instance, in January 2021, U.S.-based company EDO Cutlery launched edible cutlery products in the country.
Financial Projections
In this part of the edible cutlery products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your edible cutlery products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for an edible cutlery products business comes from sales of the product, either through online stores, retail stores, or wholesalers. Additionally, other sources of revenue can be generated through services such as product customization, marketing and promotion, and food product collaborations.
Projecting Expenses
In this section, all the regular expenses related to keeping the edible cutlery products business running will be described. The list of operating expenses includes production costs, inventory, labor, advertising and marketing, legal fees, taxes, and other miscellaneous expenses.
Key companies & market share insights
Some of the key companies operating in the edible cutlery market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In December 2022, Indian edible cutlery manufacturer, Bakeys launched a range of edible spoons in different flavors such as plain, sweet, spicy, and savory.
– In April 2022, German edible cutlery manufacturer, BioFork launched a range of edible forks with a shelf-life of three months.
– In June 2022, UK-based edible cutlery manufacturer, EdibleCutlery launched a range of edible knifes with a shelf-life of six months.
Some of the prominent players in the edible cutlery market include:
– Bakeys
– BioFork
– EdibleCutlery
– EcoEats
– Edible Cutlery Solutions
– Eatable Cutlery
– EcoWare
– Edible Innovations
– EcoFork
– Eatable Spoons
Global Edible Cutlery Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global edible cutlery products market based on product type, distribution channel, and region:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Spoons
– Knives
– Forks
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Specialty Stores
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the Drivers of the Edible Cutlery Products Market?
[A]: The growing demand for convenience and plastic-free products, rising environmental awareness, and the increasing number of food delivery services are the major drivers for the growth of the edible cutlery products market. The demand for edible cutlery products is further driven by factors such as the increasing number of health-conscious consumers, growing demand for sustainable products, and the rising number of food festivals.
[Q]: What are the Major Application Areas of Edible Cutlery Products?
[A]: The major application areas of edible cutlery products include foodservice, catering, and home & leisure. The foodservice segment is projected to hold the largest market share due to its easy availability, convenience, and affordability. The catering segment is anticipated to witness a significant growth due to the increasing number of events and food festivals, which have increased the demand for edible cutlery products.
[Q]: Who are the Key Players in the Edible Cutlery Products Market?
[A]: The key players in the edible cutlery products market include Amefurashi Co., Ltd., The Kindearth Group, Inc., Eco Spoon, Inc., Edible Cutlery International, and Zebra Cutlery.
[Q]: What are the Major Regional Markets for Edible Cutlery Products?
[A]: The major regional market for edible cutlery products is North America, followed by Europe and Asia Pacific. The increasing demand for convenience and plastic-free products is driving the growth of the edible cutlery products market in North America. The Asia Pacific region is expected to witness rapid growth due to the increasing number of food festivals and the growing health consciousness among the consumers.
[Q]: What are the Key Trends in the Edible Cutlery Products Market?
[A]: Key trends in the edible cutlery products market include the increasing demand for organic and natural edible cutlery products, the rising popularity of edible cutlery as an alternative to plastic cutlery, and the introduction of innovative product designs.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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