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One-off Chopsticks Market to Witness Increase in Revenues by 2027

10-03-2018 02:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
One-off Chopsticks Market to Witness Increase in Revenues

Global One-off Chopsticks Market: Snapshot

One-off chopsticks are used as a traditional way of eating food in many countries. This tradition has being practiced since ancient times and holds and form an integral part of kitchen utensils and tableware. It is also used to stir and mix food while cooking. Consumption of fast food among children and youth directly affects the demand of one off chopsticks in food joints and restaurant thus, increasing the global demand for one-off chopstick market.

Chopsticks are one of the oldest forms of cutleries used for eating Chinese cuisines. Therefore their demand in Asian countries is the highest. However, the spread of the cuisine across the globe and its increased popularity have led to the spread of chopsticks all around the world. With people adopting this style of eating in different regions in the world, demand for chopstick is likely to experience a steady rise in the near future.

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The market is also driven due to the rising demand for chopsticks from hobbyists who want to learn the art of eating food with chopsticks. The trend of fast food has spread across globe with higher chance of chopsticks being utilized with fast foods.

Since past several years, chopsticks are being used for eating purposes in East Asia. Chopsticks were initially used in China and later the trend of using chopsticks spread across other Asian countries such as Vietnam, Japan, Singapore, Korea, Malaysia and Laos. One-off chopsticks are pair of chopsticks that are joined at one end with a view to facilitate ease and convenience while eating. One-off chopsticks are made of wood, bamboo, stainless steel or even plastic. There is a typical method to use one-off chopsticks. They are held in the dominant hand and with the help of thumb and other fingers they are used to pick up food, usually noodles.

One-off Chopsticks Market- Drivers

Increasing need for throwaway chopsticks, especially made of aspen is anticipated to boost the one-off chopsticks market growth. Increasing interest in Chinese, especially among kids is also one of the important aspects fuelling the growth of the one-off chopsticks market. Chopsticks are used in many Asian countries, which is creating a positive impact on the growth of the one-off chopsticks market.

One-off Chopsticks Market- Restraints

The factors restraining the growth of the one-off chopsticks market include government’s regulation against de-forestation.

One-off Chopsticks Market- Regional Outlook

Asia-pacific region is expected to capture a large revenue share in the one-off chopsticks market owing to increasing use of one-off chopsticks in this region coupled with increasing number of key players involved in the manufacturing of one-off chopsticks in the Asian countries. However, North America region is forecasted to be the fastest growing market in the coming years. Local government in China has restricted the use of throwaway utensils such as chopsticks, which is compelling the manufacturers to shift to North America region for the production of one-off chopsticks.

One-off Chopsticks Market- Key Leaders

Due to presence of various local and micro-local level manufacturers, the one-off chopsticks market is fragmented. Local manufacturers are providing several products at a cheap price thus increasing the intensity of competition within the industry. Key players in one-off chopsticks market are looking after end-users with customized requirements. Some of the key players functioning in this market are Dom Agri Products, Nanchang Sanyou Industrial Co. Ltd., Pacific East Company, and Ngoc Chau Enterprise Pte., Bamboo Forever Co., Ltd., and Nine Zero Trade & Development Limited (Panda).

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology

Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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