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Stainless Steel Flatware Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product and Distribution Channel

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    Report

  • 137 Pages
  • October 2022
  • Region: Global
  • The Insight Partners
  • ID: 5671755
UP TO OFF until Mar 31st 2024
The stainless steel flatware market is expected to grow from US$ 14,299.83 million in 2022 to US$ 20,920.77 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

Rising health and hygiene standards, the growing food industry, an increasing number of restaurants, and surging demand for luxury dining experiences fuel the stainless steel flatware market growth. Also, the market is likely to witness notable growth during the forecast period owing to the increasing disposable income in developing countries and rising demand for exotic cuisines. In addition, with the increasing penetration of cooking shows, households have started to utilize designer cutlery and flatware; this is increasing the demand for premium flatware.
Further, Tramontina USA, Inc.; and Christofle Silver, Inc. are among the prominent stainless steel flatware manufacturers operating actively in the market. They provide a wide range of fine finish, designer, and traditional flatware. Thus, the wide availability and variety of stainless steel flatware bolster the stainless steel flatware market growth.

Based on product, the global stainless steel flatware market is segmented into spoons, forks, knives, serving utensils, and others. In 2021, the forks segment accounted for the largest market share. The segment is expected to register the highest CAGR over the forecast period. Forks are one of the most commonly utilized stainless steel flatware. Moreover, increased product offerings with different designs are driving the market growth for this segment.

Based on distribution channel, the global stainless steel flatware market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2021, the specialty stores segment accounted for the largest revenue share. However, the online retail segment is expected to register the highest CAGR over the forecast period. Online marketplaces, such as eBay and Amazon, allow enterprises to set up an online store and sell goods in a shorter span, providing easy access to the market for entrepreneurs. Moreover, online retailing benefits sellers due to low operating costs, including costs related to labor, staff, and physical store setups.

By region, the stainless steel flatware market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America. In 2021, Asia Pacific held the largest share of the market. However, North America is estimated to register the highest CAGR in the market during the forecast period.

Consumers have become conscious related to the metals and materials used in their cutlery and flatware. Hence, there is a high demand for flatware made of a specific blend of materials that is safe for human body. Stainless steel flatware is considered a prominent metal for flatware as it is solid and durable and requires low maintenance costs. Furthermore, it resists oxidation and is resistant to rust, stains, and damage from fruit acids. Therefore, the benefits associated with stainless steel flatware are contributing to the North America stainless steel flatware market growth.

Many metal flatware products are viable to get rusted in the given time, which poses a health risk and is not an economical option. Hence, rust resistance properties and use of antioxidant stainless steel in the manufacturing of cutlery and flatware have increased its adoption across the globe. Furthermore, as customers across the nation become aware of the importance of cleanliness and sanitation, they are likely to use utensils that are dishwasher safe, propelling the market expansion.

Oneida; ZWILLING J.A. Henckels AG; Winco; Sabre; Christofle Silver, Inc.; RiverRidge Home; Tramontina USA Inc.; Wilkens & Söhne GmbH; Eternum S.A.; and Mepra S.p.A. are among the players operating in the stainless steel flatware market. These companies provide a wide range of product portfolios for the market. The companies have their presence in developing regions, providing lucrative market growth opportunities. Market players are developing high-quality, innovative products to meet customer requirements.

The global stainless steel flatware market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the stainless steel flatware market.

Frequently Asked Questions about the Global Stainless Steel Flatware Market

What is the estimated value of the Global Stainless Steel Flatware Market?

The Global Stainless Steel Flatware Market was estimated to be valued at $14299.83 Million in 2022.

What is the growth rate of the Global Stainless Steel Flatware Market?

The growth rate of the Global Stainless Steel Flatware Market is 6.5%, with an estimated value of $20920.77 Million by 2028.

What is the forecasted size of the Global Stainless Steel Flatware Market?

The Global Stainless Steel Flatware Market is estimated to be worth $20920.77 Million by 2028.

Who are the key companies in the Global Stainless Steel Flatware Market?

Key companies in the Global Stainless Steel Flatware Market include Oneida, ZWILLING J.A. Henckels AG, Winco, SABRE, Christofle Silver, Inc., RiverRidge, Tramontina USA Inc., Wilkens & Söhne GmbH, Eternum S.A. and Mepra S.p.A..

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Stainless Steel Flatware Market Landscape
4.1 Market Overview
4.2 PEST Analysis: Stainless Steel Flatware Market
4.2.1 PEST Analysis: North America Stainless Steel Flatware Market
4.2.2 PEST Analysis: Europe Stainless Steel Flatware Market
4.2.3 PEST Analysis: Asia Pacific Stainless Steel Flatware Market
4.2.4 PEST Analysis: Middle East & Africa Stainless Steel Flatware Market
4.2.5 PEST Analysis: South & Central America Stainless Steel Flatware Market
4.3 Expert Opinion
4.4 Cost Structure Analysis (%)
4.4.1 Overview
4.4.2 Assumptions
4.5 Average Selling Price, by Region (US$/Unit)
4.6 Consumer Behavior Analysis
4.7 Impact of Russia-Ukraine War
5. Stainless Steel Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Preference for Dining at Home due to COVID-19 Pandemic
5.1.2 Benefits of Stainless Steel Flatware
5.2 Market Restraints
5.2.1 Lack of Uniformity in Operations and Regulations
5.3 Market Opportunities
5.3.1 Introduction of Stainless Steel Flatware with Innovative Coatings
5.4 Future Trends
5.4.1 Rising Penetration of E-Commerce
5.5 Impact Analysis of Drivers and Restraints
6. Stainless Steel Flatware - Global Market Analysis
6.1 Stainless Steel Flatware Market Overview
6.2 Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning - Key Market Players
7. Stainless Steel Flatware Market Analysis - By Product
7.1 Overview
7.2 Stainless Steel Flatware Market, By product (2021 and 2028)
7.3 Spoons
7.3.1 Overview
7.3.2 Spoons: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Forks
7.4.1 Overview
7.4.2 Forks: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Knives
7.5.1 Overview
7.5.2 Knives: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Serving Utensils
7.6.1 Overview
7.6.2 Serving Utensils: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
8. Stainless Steel Flatware Market Analysis - By Distribution Channel
8.1 Overview
8.2 Stainless Steel Flatware Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets & Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets & Hypermarkets: Stainless Steel Flatware Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Stainless Steel Flatware Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Stainless Steel Flatware Market- Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Stainless Steel Flatware Market- Revenue and Forecast to 2028 (US$ Million)
9. Stainless Steel Flatware Market - Geographic Analysis
9.1 Overview
9.2 North America: Stainless Steel Flatware Market
9.2.1 North America: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Stainless Steel Flatware Market, By Product
9.2.3 North America: Stainless Steel Flatware Market, by Distribution Channel
9.2.4 North America: Stainless Steel Flatware Market, by Key Country
9.2.4.1 US: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Stainless Steel Flatware Market, By Product
9.2.4.1.2 US: Stainless Steel Flatware Market, by Distribution Channel
9.2.4.2 Canada: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Stainless Steel Flatware Market, By Product
9.2.4.2.2 Canada: Stainless Steel Flatware Market, by Distribution Channel
9.2.4.3 Mexico: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Stainless Steel Flatware Market, By Product
9.2.4.3.2 Mexico: Stainless Steel Flatware Market, by Distribution Channel
9.3 Europe: Stainless Steel Flatware Market
9.3.1 Europe: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Stainless Steel Flatware Market, By Product
9.3.3 Europe: Stainless Steel Flatware Market, by Distribution Channel
9.3.4 Europe: Stainless Steel Flatware Market, by Key Country
9.3.4.1 Germany: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Stainless Steel Flatware Market, By Product
9.3.4.1.2 Germany: Stainless Steel Flatware Market, by Distribution Channel
9.3.4.2 France: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Stainless Steel Flatware Market, By Product
9.3.4.2.2 France: Stainless Steel Flatware Market, by Distribution Channel
9.3.4.3 UK: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 UK: Stainless Steel Flatware Market, By Product
9.3.4.3.2 UK: Stainless Steel Flatware Market, by Distribution Channel
9.3.4.4 Italy: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 Italy: Stainless Steel Flatware Market, By Product
9.3.4.4.2 Italy: Stainless Steel Flatware Market, by Distribution Channel
9.3.4.5 Russia: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Stainless Steel Flatware Market, By Product
9.3.4.5.2 Russia: Stainless Steel Flatware Market, by Distribution Channel
9.3.4.6 Rest of Europe: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Stainless Steel Flatware Market, By Product
9.3.4.6.2 Rest of Europe: Stainless Steel Flatware Market, by Distribution Channel
9.4 Asia Pacific: Stainless Steel Flatware Market
9.4.1 Asia Pacific: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Stainless Steel Flatware Market, By Product
9.4.3 Asia Pacific: Stainless Steel Flatware Market, by Distribution Channel
9.4.4 Asia Pacific: Stainless Steel Flatware Market, by Key Country
9.4.4.1 Australia: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Stainless Steel Flatware Market, By Product
9.4.4.1.2 Australia: Stainless Steel Flatware Market, by Distribution Channel
9.4.4.2 China: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Stainless Steel Flatware Market, By Product
9.4.4.2.2 China: Stainless Steel Flatware Market, by Distribution Channel
9.4.4.3 India: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Stainless Steel Flatware Market, by Product
9.4.4.3.2 India: Stainless Steel Flatware Market, by Distribution Channel
9.4.4.4 Japan: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Stainless Steel Flatware Market, By Product
9.4.4.4.2 Japan: Stainless Steel Flatware Market, by Distribution Channel
9.4.4.5 South Korea: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Stainless Steel Flatware Market, By Product
9.4.4.5.2 South Korea: Stainless Steel Flatware Market, by Distribution Channel
9.4.4.6 Rest of Asia Pacific: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Stainless Steel Flatware Market, By Product
9.4.4.6.2 Rest of Asia Pacific: Stainless Steel Flatware Market, by Distribution Channel
9.5 Middle East and Africa: Stainless Steel Flatware Market
9.5.1 Middle East and Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Stainless Steel Flatware Market, By Product
9.5.3 Middle East and Africa: Stainless Steel Flatware Market, by Distribution Channel
9.5.4 Middle East and Africa: Stainless Steel Flatware Market, by Key Country
9.5.4.1 South Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Stainless Steel Flatware Market, By Product
9.5.4.1.2 South Africa: Stainless Steel Flatware Market, by Distribution Channel
9.5.4.2 Saudi Arabia: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Stainless Steel Flatware Market, By Product
9.5.4.2.2 Saudi Arabia: Stainless Steel Flatware Market, by Distribution Channel
9.5.4.3 UAE: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Stainless Steel Flatware Market, By Product
9.5.4.3.2 UAE: Stainless Steel Flatware Market, by Distribution Channel
9.5.4.4 Rest of Middle East & Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of Middle East & Africa: Stainless Steel Flatware Market, by Product
9.5.4.4.2 Rest of Middle East & Africa: Stainless Steel Flatware Market, by Distribution Channel
9.6 South & Central America: Stainless Steel Flatware Market
9.6.1 South & Central America: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.6.2 South & Central America: Stainless Steel Flatware Market, By Product
9.6.3 South & Central America: Stainless Steel Flatware Market, by Distribution Channel
9.6.4 South & Central America: Stainless Steel Flatware Market, by Key Country
9.6.4.1 Brazil: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Stainless Steel Flatware Market, By Product
9.6.4.1.2 Brazil: Stainless Steel Flatware Market, by Distribution Channel
9.6.4.2 Argentina: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Stainless Steel Flatware Market, By Product
9.6.4.2.2 Argentina: Stainless Steel Flatware Market, by Distribution Channel
9.6.4.3 Rest of South & Central America: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South & Central America: Stainless Steel Flatware Market, By Product
9.6.4.3.2 Rest of South & Central America: Stainless Steel Flatware Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Stainless Steel Flatware Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Oneida
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ZWILLING J.A. Henckels AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Winco
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 SABRE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Christofle Silver, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 RiverRidge
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 roducts and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Tramontina USA Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Wilkens & Söhne GmbH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Eternum S.A.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Mepra S.p.A.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Word Index

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Oneida
  • ZWILLING J.A. Henckels AG
  • Winco
  • SABRE
  • Christofle Silver, Inc.
  • RiverRidge
  • Tramontina USA Inc.
  • Wilkens & Söhne GmbH
  • Eternum S.A.
  • Mepra S.p.A.