(MENAFN- EIN Presswire)
Edible Cutlery Market
Edible Cutlery Market by Product, Raw Material, and Application : Global Opportunity Analysis and Industry Forecast, 2019–2026
PORTLAND, OR, UNITED STATES, August 24, 2022 /EINPresswire.com / -- According to the report, the global edible cutlery industry was pegged at $27.2 million in 2019, and is expected to reach $56.9 million by 2026, registering a CAGR of 11.1% from 2019 to 2026.
Incentives for market growth
Growing use of edible cutlery in the airlines industry and introduction of various flavors- and colors-based edible cutlery drive the growth of the global edible cutlery market. However, higher cost of edible cutlery hampers the market. On the contrary, government initiative to minimize carbon footprints would open new opportunities for the market players.
Request Free Sample Report at:
Spoon segment dominated the market
The spoon segment held the largest share in 2019, accounting for more than one-third of the global edible cutlery market, due to rise in shift from plastic utensils toward the sustainable alternative and increased use of edible knives and spoons in the aerospace industry as the cutlery in-flight catering service. However, the spork segment is expected to register the fastest CAGR of 13.2% during the forecast period, owing to food lifestyle in the Asian countries and increased adoption of edible cutlery.
Household segment to portray fastest growth through 2026
The household segment is expected to manifest the fastest CAGR of 12.3% from 2019 to 2026, owing to rising awareness among consumers of demerits of plastics in cutleries. On the contrary, the commercial segment held the largest share in 2019, contributing to more than four-fifths of the global edible cutlery market, owing to collaborative initiating taken by commercial sectors and government to avoid environmentally harmful products.
For Purchase Enquiry at:
North America garnered largest share
The market across North America accounted for the largest share in 2019, garnering more than two-fifths of the market, due to arrival of edible cutleries in commercial sectors such as restaurants, airlines, hotels, and cafes. However, the global edible cutlery market across Asia-Pacific is estimated to register the highest CAGR of 12.7% during the study period, owing to growth of the market primarily in China, Thailand, Japan, and South Korea. Asian countries such as India, Sri Lanka use the dishes and bowls made by leaves since ancient times and the consumers are demanding the innovation in design and flavors in the cutleries, which boosted the market growth in the region.
Major market players
GreenGood
Nature House Green
Better Earth
Green Home
BioGreenChoice
Biodegradable Food Service
Vegware
Karat
Biogreenchoice
Edibles by Jack
Similar Reports:
Flavors and fragrances Market Expected to Reach$35.9 Billion by 2027
Vegan Cheese Market Expected to Reach, $4,425.6 Million by 2027
Upcoming Reports:
Biscuits Market:
Craft Chocolate Market:
Spirulina Chocolate Market:
Pre-Packaged Sandwich Market:
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of“Market Research Reports” and“Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Avenue.! An Online Subscription Based Library of Reports - Allied Market Research
MENAFN24082022003118003196ID1104747145
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.