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Edible Cutlery Global Market Analysis, Trends, Growth, Research And Forecast 2033

09-23-2024 03:31 PM CET | Consumer Goods & Retail

Press release from: The Business research company

Edible Cutlery Global Market Analysis

Edible Cutlery Global Market Analysis

The Business Research Company recently released a comprehensive report on the Global Edible Cutlery Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The edible cutlery market size has grown rapidly in recent years. It will grow from $36.65 billion in 2023 to $41.34 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to growing environmental concerns, growing food and beverage industry, rising concerns about plastic waste and pollution.

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Market Drivers and Trends:

Rising demand for biodegradable and compostable products is expected to propel the growth of the edible cutlery market going forward. Biodegradable and compostable products are terms used to describe materials that can break down naturally and return to the environment without causing harm or leaving behind persistent waste. Edible cutlery is made from natural materials such as biodegradable and compostable materials that microorganisms can quickly decompose, making it a more sustainable alternative to plastic cutlery. For instance, in January 2023, according to Protega Global Ltd., a UK-based eco-friendly packaging solution and manufacturing company, consumer demand for sustainable packaging increased to 81% as of January 2023. Further, 64% more consumers are inclined to purchase from merchants who use eco-friendly packaging, while 50% of people are willing to pay more for environmentally friendly packaging and delivery. Therefore, the rising demand for biodegradable and compostable products is driving the growth of the edible cutlery market.

Major companies operating in the edible cutlery market are focused on introducing innovative products and solutions to sustain their position in the market. For instance, in January 2023, Stroodles, a UK-based edible cutlery manufacturing company that offers biodegradable, vegan, firm and guilt-free pasta straws, launched edible bowls and sporks. These edible bowls are made from a Ryvita-type material and can hold hot and cold meals for over 1.5 hours. The bowls are designed to be 100% biodegradable. They are fully compostable in 30 days and are certified for food contact safety. Stroodles biscuit sporks are 13 cm long, vegan, 100% biodegradable and last 30+ minutes with hot and cold meals. They come in four flavors: classic, cocoa, black pepper and masala.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

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Major Key Players of the Market:

Lollicup USA Inc., Bakeys Foods Private Limited, BIOTREM Sp. z o.o., CrunchCutlery, EARTHENS Pty Ltd., Eco Design Thinking, Eco Soulife USA LLC, Edibles by Jack, Incredible Eats Inc., PetKind Inc., Planeteer LLC, Ryp Labs Inc., TwentyFiftyFork, BiteSavor Inc., Candy Cutlery, CrunchyCraft Inc., Cutlery Craze, Daily Nutreats Private Limited, Eco Save Earth, Ecolicieux Inc., EcoNourish Organics Inc., Edible Innovations LLC., FlavorForks Inc., Mede Cutlery Inc., NibbleNosh Inc., Noshable Inc., SpudWare, TerraTaste Inc., UniCrave Technologies, Unreasonable Group Inc.

Edible Cutlery Market 2024 Key Insights:

• The edible cutlery market size is expected to grow to $64.27 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.
• Surging Demand For Biodegradable And Compostable Products Fuels Growth In The Edible Cutlery Market
• Focus On Introducing Innovative Edible Bowls And Spoons To Gain A Competitive Advantage
• North America was the largest region in the edible cutlery market in 2023.

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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