2024-2033 Edible Cutlery Market: Key Insights on Growth Opportunities
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What is the Expected Growth Rate of the Edible Cutlery Market from 2024 to 2033?
The edible cutlery market has grown rapidly in recent years. It is projected to expand from $36.65 billion in 2023 to $41.34 billion in 2024 at a CAGR of 12.8%. This growth is fueled by growing environmental concerns, the expanding food and beverage industry, and heightened concerns about plastic waste and pollution.
The edible cutlery market is expected to grow to $64.27 billion in 2028, at a CAGR of 11.7%. This growth is driven by the popularity of edible cutlery among consumers, plastic bans, the rise in food delivery, and global expansion. Major trends include innovative customization, health-focused products, biodegradable packaging, and industry collaborations.
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Growing demand for biodegradable and compostable products is expected to support the expansion of the edible cutlery market. Biodegradable and compostable products can naturally break down without leaving behind persistent waste, and edible cutlery made from these materials offers a sustainable alternative to plastic cutlery. In January 2023, Protega Global Ltd. reported that demand for sustainable packaging rose to 81%, with 64% of consumers preferring eco-friendly packaging and 50% willing to pay more for such packaging. Therefore, the rising demand for biodegradable and compostable products drives growth in the edible cutlery market.
1) By Product: Spoon, Fork, Knife, Spork, Other Products
2) By Material Type: Wheat Bran, Rice Bran, Sorghum, Corn, Millet, Other Materials
3) By End-Use: Food Service Outlets, Hotels, Restaurants And Cafes, Quick Service Restaurants, Institutional Food Service, Cinema, Airline And Railway Catering, Schools And Offices, Hospitals, Household Use
Major companies in the edible cutlery market are focused on introducing innovative products to maintain their market position. For example, Stroodles, a UK-based manufacturer, launched edible bowls and sporks in January 2023. These bowls, made from a Ryvita-type material, can hold hot and cold meals for over 1.5 hours and are 100% biodegradable, compostable in 30 days, and food-safe. Stroodles’ biscuit sporks are 13 cm long, vegan, and biodegradable, lasting over 30 minutes with hot and cold meals. They come in four flavors: classic, cocoa, black pepper, and masala.
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North America was the largest region in the mechanical electrical and plumbing software market in 2023. The regions covered in the mechanical electrical and plumbing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Edible Cutlery Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the edible cutlery market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Edible Cutlery Market Include
1. Edible Cutlery Market Executive Summary
2. Edible Cutlery Market Segments
3. Edible Cutlery Market Size And Template Market Growth Rate
4. Key Edible Cutlery Market Trends
5. Major Edible Cutlery Market Drivers
……
25. Key Mergers And Acquisitions In The Edible Cutlery Market
26. Top Edible Cutlery Companies
27. Edible Cutlery Market Opportunities And Strategies
28. Edible Cutlery Market, Conclusions And Recommendations
29. Appendix
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