As per the research study by Report Ocean, the Global Edible Cutlery Market is estimated to grow at a CAGR of 11.1% during the forecast period 2019-2026. The research report includes the overall market study through various research methods that include detailed qualitative and quantitative analysis with extensive primary and secondary research. The data collection and the analysis of the global edible cutlery market shows that the market was valued $27.2 million in the year 2019 and is anticipated to reach $56.9 million by the end of the year 2026.
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The Global Edible Cutlery Market is driven by various growth factors such as increasing usage of edible cutlery by the airlines industry and innovation in edible cutleries in the form of colours and flavours. However, high prices of edible cutleries are impeding the market growth over the forecast period. Whereas, the major government initiatives to compress carbon footprints and increasing awareness related to ill-effects of using plastic cutleries would offer novel and lucrative opportunities for the market players.
Geographical Overview of the Global Edible Cutlery Market
On the basis of geographical segmentation, the global edible cutlery market was studied across North America (U.S., Canada and Mexico); Europe (Germany, UK, Russia, France and Rest of Europe); Asia Pacific (China, India, Japan, Korea and Rest of Asia Pacific); LAMEA (Brazil, Saudi Arabia and Rest of LAMEA). As per the analysis, the North America edible cutlery market accounted for the largest market share in the global marketplace in the year 2019 and hold ~2/5th of market share. The regional dominance is due to increasing adoption of edible cutleries in commercial places that include cafes, hotels, airlines and restaurants.
Whereas, the Asia Pacific Edible Cutlery Market is estimated to grow at fastest growth rate with highest CAGR of ~12% during the forecast period. The regional growth is due to high participation form major key regions such as South Korea, Japan, Thailand and China.
Segmentation Overview of the Global Edible Cutlery Market
The Global Edible Cutlery Market is segmented on the basis of various segments that include Product, Raw Material and Application as the major market segments. These market segments are further categorized into various sub-segments to study the market in detail.
The Product Segment of the Global Edible Cutlery Market is Sub-Segmented into:
The Raw Material Segment of the Global Edible Cutlery Market is Sub-Segmented into:
- Wheat Bran
- Rice Bran
The Application Segment of the Global Edible Cutlery Market is Sub-Segmented into:
Key Players Insights
Edibles by Jack, Biogreenchoice, Karat, Vegware, Biodegradable Food Service, BioGreenChoice, Green Home, Better Earth, Nature House Green and GreenGood are some major players included in the research study of the global edible cutlery market. These market players are adopting various competitive strategies to withhold the majority of the market share in the global marketplace. Although, the global edible cutlery market is niche market and is at initial stage of growth, but considering various environment related factors, the market holds the lucrative opportunities to grow in the future period.
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