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Edible Cutlery Market To Witness Surging Growth At 8.3% CAGR By 2025 | Grand View Research, Inc

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Edible Cutlery Market To Witness Surging Growth At 8.3% CAGR By 2025 | Grand View Research, Inc

March 12
08:32 2020
Edible Cutlery Market To Witness Surging Growth At 8.3% CAGR By 2025 | Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, the global edible cutlery market size was valued at USD 22.6 million in 2018. Growing awareness regarding the urgency to control the pollution caused by plastics is expected to force cutlery manufacturers to develop the eco-friendly products.

The global edible cutlery market size is expected to reach USD 39.5 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.3% over the forecast period. Growing popularity of edible cutlery as a plastic alternative in airlines, restaurants, and households is expected to have a positive impact on the market growth. Over the past few years, the regulatory bodies have implemented numerous regulations, which are aimed at reducing carbon emissions. For instance, in March 2019, the European Union announced plans to impose a ban on plastic cutleries by 2021. These initiatives are expected to increase the R&D on eco-friendly cutleries as alternatives to conventional plastic utensils over the next few years.

Edible utensil manufacturers have been using fruits, berries, and vegetables as an ingredient for the product, thereby making them nutritional, along with giving them a great taste. Popular ingredients include apples, currants, carrots, chokeberries, strawberries, plums, pumpkins, green beans, and blueberries. The cutlery firms have designed these products in such a way that they can withstand boiling water or freezing ice cream.

Product innovation is expected to remain a key strategy among the industry participants over the next few years. For instance, in June 2018, Gajamukha Foods Company launched consumable cutleries under the brand name, Edible Pro. They offer a wide range of products including plates, bowls, and cups of various sizes, along with ladles and spoons. These products are available in various flavors, including vanilla, beetroot, pineapple, spinach, carrot, and sweet lime. Additionally, the companies from Europe are introducing the edible utensils by utilizing potato starch and areca leaves.

North America dominated the market, accounting for exceeding 35.0% share of global revenue in 2018. High awareness regarding carbon emissions reduction and environmental protection in the food and beverage industry of U.S. and Canada is expected to play a key role in promoting the use of eco-friendly cutleries including edible utensils. Additionally, improvement of the travel retail industry in U.S. is projected to open new avenues for eco-friendly utensil manufacturers to establish tie-ups with food service vendors operating in flights.

Key manufacturers include Biotrem, Edibles by Jack, UniCrave Technologies, Mede Cutlery Company, Candy Cutlery, and Unreasonable Group. Establishment of alliances with the distributors in developing economies including China and India, which have high concentration of middle-income groups, is expected to remain a prominent strategy in order to increase their sales volumes over the next few years.

Browse Details of Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/edible-cutlery-market

U.S. edible cutlery market size, by product, 2015 - 2025 (USD Million)

Key Takeaways from the report:

  • By product, spoon accounted for more than 35.0% share in 2018owing to the wide popularity of the flatware across the globe for having all kinds of food. Sporks are expected to expand at the fastest CAGR of 9.2% from 2019 to 2025
  • Based on raw material, rice-bran based edible cutleries are expected to expand at the fastest CAGR of 8.7% from 2019 to 2025
  • The commercial application segment is expected to account more than 80.0% share by 2025 owing to growing adoption of the product by airlines to reduce their carbon footprint
  • Asia Pacific is expected to register the fastest CAGR of 9.6% from 2019 to 2025.

Global edible cutlery market share, by raw material, 2018 (%)

Request For Free Sample Report @ https://www.grandviewresearch.com/industry-analysis/edible-cutlery-market/request/rs1

Grand View Research has segmented the global edible cutlery market on the basis of product, raw material, application, distribution channel, and region:

Edible Cutlery Product Outlook (Revenue, USD’000, 2015 – 2025)

  • Spoon
  • Fork
  • Knife
  • Spork 
  • Chopstick

Edible Cutlery Raw Material Outlook (Revenue, USD’000, 2015 – 2025)

  • Corn
  • Wheat Bran
  • Rice Bran
  • Others

Edible Cutlery Application Outlook (Revenue, USD’000, 2015 – 2025)

  • Household
  • Commercial

Edible Cutlery Distribution Channel Outlook (Revenue, USD’000, 2015 – 2025)

  • Online
  • Offline

Edible Cutlery Regional Outlook (Revenue, USD’000, 2015 – 2025)

  • North America
    •  U.S.
  • Europe
    • Germany
    •  U.K.
  • Asia Pacific
    • India
    •  China
  • Central & South America
    •  Brazil
  • Middle East & Africa (MEA)
    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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