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Edible Cutlery Market Report 2024: Strategies And Recent Developments | > Lollicup USA Inc., Bakeys Foods Private Limited, BIOTREM Sp. z o.o., CrunchCutlery, EARTHENS Pty Ltd.,
Edible Cutlery Market Trends
The Business Research Company offers in-depth market insights through Edible Cutlery Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of products included in edible cutlery are spoons, forks, knives, sporks and others. A spoon is a small, handle-mounted utensil that is used for eating, stirring and serving food. Various types of materials are used, such as wheat bran, rice bran, sorghum, corn, millet and others, which are used by several end-users, such as food service outlets, hotels, restaurants and cafes, quick service restaurants, institutional food service, cinemas, airline and railway catering, schools and offices, hospitals and household use.
Edible Cutlery Global Market Report 2023 provides data on the global edible cutlery market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The edible cutlery market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Surging Demand For Biodegradable And Compostable Products Fuels Growth In The Edible Cutlery Market
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.
Competitive Landscape:
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.
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Top Trend - Focus On Introducing Innovative Edible Bowls And Spoons To Gain A Competitive Advantage
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Edible Cutlery Market Characteristics
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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