Market Forecast By Product Type (Forks, Spoons, Knives, Others), By Price Range (Low End, Medium Range, Premium), By Material (Stainless Steel, Plastic, Silver, Others) And Competitive Landscape
Product Code: ETC028124 | Publication Date: Aug 2023 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Cutlery Market registered a growth of 15.33% in value shipments in 2022 as compared to 2021 and an increase of 6.68% CAGR in 2022 over a period of 2017. In Cutlery Market India is becoming less competitive as HHI index in 2022 was 5727 while in 2017 it was 3698. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Cutlery Market.
India Cutlery Market is projected to witness enormous growth due to several growth factors and the latest developments. For instance, the increasing demand for eco-friendly cutlery options due to growing environmental concerns compels manufacturers to focus on developing sustainable cutlery which is made from materials such as bamboo, corn starch, and wheat straw. Many companies in the industry have been launching new products to cater to changing consumer preferences. The growing online sales in India growing internet penetration and the convenience of online shopping is other major development in this market.
The collaboration of Indian companies with international companies to expand their product portfolio and reach new markets is proliferating the market to grow in the coming years. With a growing middle class and increasing disposable income, more people can afford high-quality cutlery for their homes which, in turn, propels the market expansion over the years. The influence of western culture and exposure to international cuisine have also contributed to the growth of the cutlery market in India. Furthermore, the rapid emergence of e-commerce and online retail platforms has made it easier for consumers to purchase cutlery online, which has boosted the growth of the market.
India Cutlery Market is expected to gain momentum during forthcoming years owing to the increasing awareness regarding various cuisine and culture. With the increase in domestic income, people are now shifting towards exotic dining experiences coupled with an increase in the number of restaurants is driving the cutlery market. The increasing penetration of cooking shows and food bloggers is attracting the demand for cutlery. Moreover, eagerness to try new and traditional cuisine using specialized cutlery backed by rising standards of health and hygiene beholds the growth of the market.
According to 6Wresearch, the India Cutlery Market size is projected to register growth during the forecast period 2020-2026. Cutlery can be used for different purposes such as preparing food and serving. However, designer cutlery has gained the utmost importance in the past few years owing to people’s preference for exotic dining. The rising number of restaurants and hotels backed by the need for exotic cutlery is also driving the cutlery market. However, the outbreak of COVID-19 has hampered the growth of every market especially related restaurants and hotels. All the hotels were shut down for dining which further hampered the need for cutlery. Although, after the lifting of restrictions disposable cutlery market showed a sudden rise owing to the rising health concern among people. After the pandemic, most restaurants shifted to disposable cutlery in order to curb the spread of the disease.
On the basis of material, the market is bifurcated into Stainless Steel, Plastic, Silver etc. Wooden cutlery is anticipated to project the highest share during the forthcoming years.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cutlery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cutlery Market Revenues & Volume, 2019 & 2026F |
3.3 India Cutlery Market - Industry Life Cycle |
3.4 India Cutlery Market - Porter's Five Forces |
3.5 India Cutlery Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 India Cutlery Market Revenues & Volume Share, By Price Range, 2019 & 2026F |
3.7 India Cutlery Market Revenues & Volume Share, By Material, 2019 & 2026F |
4 India Cutlery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Cutlery Market Trends |
6 India Cutlery Market, By Types |
6.1 India Cutlery Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Cutlery Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 India Cutlery Market Revenues & Volume, By Forks, 2016 - 2026F |
6.1.4 India Cutlery Market Revenues & Volume, By Spoons, 2016 - 2026F |
6.1.5 India Cutlery Market Revenues & Volume, By Knives, 2016 - 2026F |
6.1.6 India Cutlery Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 India Cutlery Market, By Price Range |
6.2.1 Overview and Analysis |
6.2.2 India Cutlery Market Revenues & Volume, By Low End, 2016 - 2026F |
6.2.3 India Cutlery Market Revenues & Volume, By Medium Range, 2016 - 2026F |
6.2.4 India Cutlery Market Revenues & Volume, By Premium, 2016 - 2026F |
6.3 India Cutlery Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 India Cutlery Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.3.3 India Cutlery Market Revenues & Volume, By Plastic, 2016 - 2026F |
6.3.4 India Cutlery Market Revenues & Volume, By Silver, 2016 - 2026F |
6.3.5 India Cutlery Market Revenues & Volume, By Others, 2016 - 2026F |
7 India Cutlery Market Import-Export Trade Statistics |
7.1 India Cutlery Market Export to Major Countries |
7.2 India Cutlery Market Imports from Major Countries |
8 India Cutlery Market Key Performance Indicators |
9 India Cutlery Market - Opportunity Assessment |
9.1 India Cutlery Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 India Cutlery Market Opportunity Assessment, By Price Range, 2019 & 2026F |
9.3 India Cutlery Market Opportunity Assessment, By Material, 2019 & 2026F |
10 India Cutlery Market - Competitive Landscape |
10.1 India Cutlery Market Revenue Share, By Companies, 2019 |
10.2 India Cutlery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |