Stainless Steel Flatware Market Growth Opportunities and Forecast by 2028

Historic Data: 2020-2021 | Base Year: 2022 | Forecast Period: 2023-2028

Stainless Steel Flatware Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Spoons, Forks, Knives, Serving Utensils, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others)

Report Date : Oct 2022
Report Code : TIPRE00029733

Category : Consumer Goods
Status : Published

Available Report Formats :
No. of Pages : 137

Also Available in :

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Page Updated: Jun 2024

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The stainless steel flatware market was valued US$ 14,299.83 million in 2022 , it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

The global stainless steel flatware market is growing due to increased concerns about the health of consumers and the surged preference for aesthetic flatware to grace the dining table. Moreover, numerous consumers are looking for affordability and durability of the products. Stainless steel flatware has been gaining popularity due to the cost-effectiveness of the product. Moreover, during COVID 19 pandemic, there was an increase in the purchase of stainless steel flatware in through online distribution platforms owing to restrictions and the shutdown of retail shops. In addition, the growing penetration of unique cuisines and the use of specialized flatware coupled with the influence of western culinary styles are boosting the market growth.

The stainless steel flatware market is driven by changing lifestyles and increasing disposable income. Since the COVID-19 pandemic, the emerging home cooking trend, backed by the increased interest in cooking enthusiasts, is likely to boost the demand for stainless steel flatware. The growing preference for fine and casual dining coupled with professional cooking at home drives the market growth. In addition, the increasing number of food bloggers and influencers further spurs the demand for different flatware suitable for different food items.

In 2021, Asia Pacific held the largest revenue share of the global stainless steel flatware market, whereas the market in North America is expected to grow at the highest rate over the forecast period. The North America stainless steel flatware market is segmented into the US, Canada, and Mexico. The market is mainly driven by factors such as the increasing demand for smooth and modern shapes and styles paired with distressed finish flatware, evolving home decor and aesthetics trends, and surging trend of creating the ambience for several celebrations or events by using heritage or vintage collections of flatware.

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Stainless Steel Flatware Market: Strategic Insights

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Impact of COVID-19 Pandemic on Stainless Steel Flatware Market

Many businesses recovered from the adverse effects of COVID-19 pandemic as governments of various countries eased the lockdown restrictions. The introduction of the COVID-19 vaccine further eased the situation, leading to a rise in business activities across the world. The resumption of operations in the manufacturing units propelled the stainless steel flatware market and has led to the stainless steel flatware production recovery. Manufacturers overcame the demand and supply gap as they were permitted to operate at full capacity. The reopening of specialty stores is another factor that led to the stability of stainless steel flatware sales.

Market Insights

Generally, stainless steel is composed of iron, carbon, chromium, nickel, and other trace elements such as magnesium and titanium. The high nickel content increases the corrosion resistance of stainless steel. Stainless steel is rust-free and easy to clean and sterilize. It does not contaminate food and maintains the color and taste of food. Also, it has a low bacterial retention capacity, making it an ideal material for manufacturing flatware. Thus, the numerous benefits of stainless steel flatware drive the market growth.

Material Insights

Based on distribution channel, the specialty stores segment held the largest share in 2021. However, the online retail segment is expected to register the highest CAGR over the forecast period. Rising internet and smartphone penetration has boosted the e-commerce industry. People are increasingly purchasing various products using online retail channels due to heavy discounts, availability of multiple brands under one roof, and home delivery services. Moreover, availability of detailed product descriptions, customer reviews and ratings, and video tutorials on these platforms help consumers choose desired products. These factors are driving the sales of stainless steel flatware through online retail.

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 opportunities. Market players are developing high-quality, innovative products to meet customer requirements.

Stainless Steel Flatware Market Regional Insights

The regional trends and factors influencing the Stainless Steel Flatware Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Stainless Steel Flatware Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Stainless Steel Flatware Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 14.3 Billion
Market Size by 2028	US$ 20.92 Billion
Global CAGR (2022 - 2028)	6.5%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By Product Spoons Forks Knives Serving Utensils By Distribution Channel Supermarkets & Hypermarkets Specialty Stores Online Retail
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Oneida ZWILLING J.A. Henckels AG Winco SABRE Christofle Silver, Inc. RiverRidge Tramontina USA Inc. Wilkens & Söhne GmbH Eternum S.A.

Stainless Steel Flatware Market Players Density: Understanding Its Impact on Business Dynamics

The Stainless Steel Flatware Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Get the Stainless Steel Flatware Market top key players overview

Report Spotlights

Progressive industry trends in the stainless steel flatware market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the stainless steel flatware market size from 2020 to 2028
Estimation of global demand for stainless steel flatware
PEST analysis to illustrate the political, economic, social, and technological trends in the industry
Recent developments to understand the competitive market scenario
Market trends and outlook and factors driving and restraining the growth of the stainless steel flatware market
Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The size of the stainless steel flatware market at various nodes
Detailed overview and segmentation of the market, as well as the stainless steel flatware industry dynamics
Stainless steel flatware market size in various regions with promising growth opportunities

The "Global Stainless Steel Flatware Market Forecast to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global stainless steel flatware market trend analysis. The report aims to provide an overview of the market with detailed market segmentation.

The stainless steel flatware market is segmented on the basis of product type, distribution channel, and geography. Based on product, the market is segmented into spoons, forks, knives, serving utensils, and others. Based on distribution channel, the global stainless steel flatware market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America.

Company Profiles

Frequently Asked Questions

What are the key drivers for the growth of the global stainless steel flatware market?

Rising preference for dining at home due to COVID-19 pandemic and the properties of stainless steel flatware such as sleek design, corrosion resistance, affordability and durability, are some of the key driving factors for the stainless steel flatware market.

Based on distribution channel, which is the fastest-growing segment in the stainless steel flatware market?

Based on distribution channel, online retail is the fastest-growing segment. The impeding e-commerce industry along with development of online shopping websites, is driving the segmentâ€™s growth. Moreover, a shift towards online retail segment is observed due to the distinct benefits such as quick service, home delivery, easy access and many more.

What is the largest region of the global stainless steel flatware market?

In 2021, Asia Pacific accounted for the largest share of the global stainless steel flatware market due to the increasing consumer preference for professional cooking at home and increased establishment of new restaurants, hotels and cafes.

Based on the product, why does the forks segment have the largest revenue share?

Based on the product, the forks segment accounted for the largest revenue share. The stainless steel forks stay rust-free, require low maintenance and complements with different dining setups. These are the few reasons driving the segment growth.

Can you list some of the major players operating in the global stainless steel flatware market?

The major players operating in the global stainless steel flatware market are Oneida; ZWILLING J.A. Henckels AG; Winco; SABRE; Mepra S.p.A. among others

What are the opportunities for stainless steel flatware in the global market?

The rise in product launches with attractive coatings, including metallic finish, mirror finish and matte finish, is expected to provide lucrative growth opportunities to the global stainless steel flatware market over the forecast period.

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Stainless Steel Flatware Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Stainless Steel Flatware Market Report Snapshots

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