Global Low-end Cutlery is likely to emerge as Fastest Growing Segment in the Global Cutlery Market

The market segment is expected to grow at a CAGR of 7.95% .

Arizton has announced the publication of its latest report titled Cutlery Market – Global Outlook and Forecast 2017 - 2022. The report includes in-depth details of the global cutlery market and provides the market size of each segment and region. It also outlines major drivers, trends, and challenges for the global market.

View report: Cutlery Market – Global Outlook and Forecast 2017 - 2022
https://www.arizton.com/reports/market-analysis/cutlery-market-analysis

Analysts at Arizton say that the global cutlery market is expected to cross $11billion during 2016−2022. The analysts further add that the low-end cutlery segment is likely to dominate the market in terms of price range.

In terms of price range, the cutlery market comprises: low-end, medium-end, and high-end segments.

For more information, actual market size and market share order a report here : Buy Report
https://www.arizton.com/reports/market-analysis/cutlery-market-analysis

Low-end Cutlery Market to Grow at a CAGR of 7.9%

The low-end cutlery market is an inexpensive cutlery segment, which consists of products made of stainless steel with limited design value and easy to clean. Low-end cutlery is majorly distributed through interior stores, supermarkets, convenience stores, and online stores. The segment caters to the mass market and is generally made up of low-quality stainless steel or plastic. The percentage contribution of the low-end cutlery segment is higher in developing economies such as APAC, Latin America, and MEA than developed economies of North America and Europe. The high percentage contribution in developing economies is mainly due to the low availability of affluent consumers. The low-end cutlery market is expected to grow at a CAGR of 7.95%.

In the medium-end cutlery segment, the products are trendy in terms of style, color, and decorative handles. This segment has accessible pricing in small sets and are mainly sold at general interior stores and medium-segment departmental stores. The percentage contribution of the medium-end cutlery segment is high in North America and Europe, whereas in developing economies, the share is significantly less than the low-end cutlery segment.

High-end cutlery products are manufactured by international brand companies with heritage or luxury status. High-end cutlery is majorly distributed through departmental and online stores. The high-end cutlery market is higher in North America and Europe than APAC, Latin America, and MEA. High-end cutlery products are majorly manufactured by high heritage brands. These products are sold primarily through departmental stores and online medium.

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Source Link: https://www.arizton.com/news/press-release/global-low-end-cutlery-market-is-likely-to-emerge-as-fastest-growing-segment

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