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Middle East & Africa Stainless Steel Flatware Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product and Distribution Channel

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    Report

  • 78 Pages
  • December 2022
  • Region: Africa, Middle East
  • The Insight Partners
  • ID: 5715203
UP TO OFF until Mar 15th 2023
The stainless steel flatware market in Middle East & Africa is expected to grow from US$ 1,019.67 million in 2022 to US$ 1,343.26 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Introduction of Stainless Steel Flatware with Innovative Coatings

Manufacturers are launching products with new finishes, including metallic finish, mirror finish, and matte finish, to attract consumers and boost product sales. The company also offers gold-plated stainless steel flatware, which enhances the aesthetic appeal of the product. Similarly, Fortessa Tableware Solutions, LLC, manufacturer of tableware products, offers gold-plated, 18/10 (18% chromium and 10% nickel) stainless steel flatware set with a mirror finish. The product is durable and can be cleaned by using a dishwasher. Further, CB2, a furniture and home décor company, offers two-toned five-piece stainless steel flatware set with silver-plated tips and gold-plated slender handles. Also, many manufacturers such as Anthopologie and Fortessa offer black and rose gold stainless steel flatware. Flatware with innovative coating is popular among consumers due to their attractive appearance. Hence, rising launches of such products with an attractive coating are expected to provide lucrative opportunities for the stainless steel flatware market over the forecast period.

Market Overview

The Middle East & Africa stainless steel flatware market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Middle East countries such as Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain have witnessed an increase in the influence of western cuisines; as a result, the adoption of cutlery rate has also increased. Moreover, the extensive expenditure on luxurious and premium products by high & medium-income consumers has increased the sales of stainless steel flatware across the region. However, due to the developing economy of South African countries, consumers prefer affordable and durable flatware, such as stainless steel. Hence, the popularity of stainless steel flatware in the region is mainly driven due to its affordability and sustainability.

Middle East & Africa Stainless Steel Flatware Market Segmentation

The Middle East & Africa stainless steel flatware market is segmented into product, distribution channel, and country.
  • Based on product, the market is segmented into spoons, forks, knives, serving utensils, and others. The spoons segment registered the largest market share in 2022.
  • Based on distribution channel, the market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2022.
  • Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the market share in 2022.
ZWILLING J.A. Henckels AG; SABRE; Christofle Silver, Inc.; Tramontina USA Inc.; Eternum S.A.; and Mepra S.P.A are the leading companies operating in the stainless steel flatware market in the region.
Frequently Asked Questions about the Middle Eastern & African Stainless Steel Flatware Market

What is the estimated value of the Middle Eastern & African Stainless Steel Flatware Market?

The Middle Eastern & African Stainless Steel Flatware Market was estimated to be valued at $1019.67 Million in 2022.

What is the growth rate of the Middle Eastern & African Stainless Steel Flatware Market?

The growth rate of the Middle Eastern & African Stainless Steel Flatware Market is 4.7%, with an estimated value of $1343.26 Million by 2028.

What is the forecasted size of the Middle Eastern & African Stainless Steel Flatware Market?

The Middle Eastern & African Stainless Steel Flatware Market is estimated to be worth $1343.26 Million by 2028.

Who are the key companies in the Middle Eastern & African Stainless Steel Flatware Market?

Key companies in the Middle Eastern & African Stainless Steel Flatware Market include SABRE, Christofle Silver, Inc., Tramontina USA Inc. 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. Middle East & Africa Stainless Steel Flatware Market Landscape
4.1 Market Overview
4.2 PEST Analysis: Stainless Steel Flatware Market
4.3 Expert Opinion

5. Middle East & Africa Stainless Steel Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Strengthening Preference for Dining at Home due to COVID-19 Pandemic
5.1.2 Higher 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 Boosting Penetration of E-Commerce
5.5 Impact Analysis of Drivers and Restraints

6. Middle East & Africa Stainless Steel Flatware - Market Analysis
6.1 Market Overview
6.2 Middle East & Africa Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)

7. Middle East & Africa Stainless Steel Flatware Market Analysis - By Product
7.1 Overview
7.2 Middle East & Africa Stainless Steel Flatware Market, By Product
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. Middle East & Africa Stainless Steel Flatware Market Analysis - By Distribution Channel
8.1 Overview
8.2 Middle East & Africa Stainless Steel Flatware Market, by Distribution Channel
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. Middle East & Africa Stainless Steel Flatware Market Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Stainless Steel Flatware Market, by Key Country
9.1.1.1 South Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Stainless Steel Flatware Market, By Product
9.1.1.1.2 South Africa: Stainless Steel Flatware Market, by Distribution Channel
9.1.1.2 Saudi Arabia: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Stainless Steel Flatware Market, By Product
9.1.1.2.2 Saudi Arabia: Stainless Steel Flatware Market, by Distribution Channel
9.1.1.3 UAE: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Stainless Steel Flatware Market, By Product
9.1.1.3.2 UAE: Stainless Steel Flatware Market, by Distribution Channel
9.1.1.4 Rest of Middle East & Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of Middle East & Africa: Stainless Steel Flatware Market, by Product
9.1.1.4.2 Rest of Middle East & Africa: Stainless Steel Flatware Market, by Distribution Channel

10. Company Profiles
10.1 ZWILLING J.A. Henckels AG
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 SABRE
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Christofle Silver, Inc.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Tramontina USA Inc.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Eternum S.A.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Mepra S.p.A.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments

11. Appendix
11.1 About the Publisher
11.2 Word Index

List of Tables
Table 1. Middle East & Africa Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Stainless Steel Flatware Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Stainless Steel Flatware Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Stainless Steel Flatware Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of Middle East & Africa Stainless Steel Flatware Market, by Product - Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of Middle East & Africa Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation

List of Figures
Figure 1. Middle East & Africa Stainless Steel Flatware Market Segmentation
Figure 2. Middle East & Africa Stainless Steel Flatware Market Segmentation - By Country
Figure 3. Middle East & Africa Stainless Steel Flatware Market Overview
Figure 4. The Forks Segment Held the Largest Market Share in 2021
Figure 5. Saudi Arabia Dominated the Stainless Steel Flatware Market in 2021
Figure 6. Middle East & Africa Stainless Steel Flatware Market, Key Market Players
Figure 7. PEST Analysis: Middle East & Africa Stainless Steel Flatware Market
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Stainless Steel Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa Stainless Steel Flatware Market Revenue Share, By Product (2021 and 2028)
Figure 12. Spoons: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Forks: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Knives: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Serving Utensils: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Middle East & Africa Stainless Steel Flatware Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 18. Supermarkets & Hypermarkets: Stainless Steel Flatware Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Specialty Stores: Stainless Steel Flatware Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Online Retail: Stainless Steel Flatware Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Stainless Steel Flatware Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Geographic Overview of Middle East & Africa Stainless Steel Flatware Market
Figure 23. Middle East & Africa: Stainless Steel Flatware Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. South Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. Saudi Arabia: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Figure 26. UAE: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Middle East & Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • SABRE
  • Christofle Silver, Inc.
  • Tramontina USA Inc.
  • Eternum S.A.
  • Mepra S.P.A