North America Stainless Steel Flatware Market Forecast to 2028

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

Report Code : BMIRE00027707 | Region : North America | Industry : Consumer Goods | Published Date : 21/Dec/2022

The stainless steel flatware market in North America is expected to grow from US$ 3,074.63 million in 2022 to US$ 4,653.54 million by 2028. It is estimated to grow at a CAGR of 7.2% from 2022 to 2028.

Growing Benefits of Stainless Steel Flatware

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. Stainless steel flatware has a bright and attractive appearance due to the high luster of stainless steel, which attracts many consumers. Moreover, these flatware sets are chemically stable and require low maintenance. Furthermore, flatware made of stainless steel is durable due to its high malleability. Therefore, quality-conscious consumers increasingly prefer stainless steel flatware. Additionally, stainless steel flatware is an affordable alternative to silver and gold flatware, which has increased its adoption among all classes of consumers. Further, stainless steel flatware adds a modern and attractive touch to different dining arrangements and table setups, including formal, buffets, and informal. All these benefits of stainless steel flatware drive the sales of stainless steel flatware, boosting the market growth.

Market Overview

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, modern shapes and styles paired with distressed finish flatware; evolving home decor and aesthetics trends; and the surge in the trend of creating the ambience for several celebrations or events by using heritage or vintage collections of flatware. Moreover, consumers have become more conscious of the metal and materials used in their cutlery and flatware. Hence, the demand for a specific blend of materials in flatware that is not harmful to the human body has increased among the population. 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.

North America Stainless Steel Flatware Market Revenue and Forecast to 2028 (US$ Million)

North America Stainless Steel Flatware Market Segmentation

The North America 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 forks 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 online retail segment held the largest market share in 2022.

Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.

Oneida; ZWILLING J.A. Henckels AG; Winco; SABRE; Christofle Silver, Inc.; RiverRidge; 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.

At 7.2% CAGR, the North America Stainless Steel Flatware Market is speculated to be worth US$ 4,653.54 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America stainless steel flatware market was valued at US$ 3,074.63 million in 2022 and is expected to reach US$ 4,653.54 million by 2028, registering a CAGR of 7.2% from 2022 to 2028. Surging preference for dining at home due to COVID-19 pandemic and growing benefits of stainless steel flatware are the critical factors attributed to the market expansion.

Preference for freshly home-cooked meals has increased as people have become health conscious. In recent years, the trend of house parties and dinners has grown massively, especially during the COVID-19 pandemic. Also, hygiene-conscious people prefer home cooking and at-home dining over dining out amid the pandemic. The food delivery and takeaway services witnessed high growth during the pandemic due to the restrictions on dine-in operations in restaurants due to social distancing norms. Stainless steel flatware is affordable, attractive, and durable. Attractive stainless steel flatware with sleek designs and finish can enhance the dining experience at home. Therefore, owing to the rising preference for at-home dining, the demand for modern and eye-catching stainless steel flatware is increasing across the region.

On the contrary, lack of uniformity in operations and regulations hurdles the growth of stainless steel flatware market.

Based on product, the North America stainless steel flatware market is segmented into spoons, forks, knives, serving utensils, and others. The forks segment held 31.2% market share in 2022, amassing US$ 960.28 million. It is projected to garner US$ 1,514.96 million by 2028 to expand at 7.9% CAGR during 2022–2028.

Based on distribution channel, the North America stainless steel flatware market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The online retail segment held 34.4% market share in 2022, amassing US$ 1,058.05 million. It is projected to garner US$ 1,618.82 million by 2028 to expand at 7.3% CAGR during 2022–2028.

Based on country, the North America stainless steel flatware market has been segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 77.9% market share in 2022. It was assessed at US$ 2,395.73 million in 2022 and is likely to hit US$ 3,660.79 million by 2028, exhibiting a CAGR of 7.3% during the forecast period.

Key players dominating the North America stainless steel flatware market are Oneida; ZWILLING J.A. Henckels AG; Winco; SABRE; Christofle Silver, Inc.; RiverRidge; Tramontina USA Inc.; Eternum S.A.; and Mepra S.P.A among, others.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners 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. North America Stainless Steel Flatware Market Landscape

4.1 Market Overview

4.2 PEST Analysis: Stainless Steel Flatware Market

4.3 Expert Opinion

5. North America Stainless Steel Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Preference for Dining at Home due to COVID-19 Pandemic

5.1.2 Growing 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. North America Stainless Steel Flatware – Market Analysis

6.1 Market Overview

6.2 North America Stainless Steel Flatware Market –Revenue and Forecast to 2028 (US$ Million)

7. North America Stainless Steel Flatware Market Analysis – By Product

7.1 Overview

7.2 North America 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. North America Stainless Steel Flatware Market Analysis – By Distribution Channel

8.1 Overview

8.2 North America 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. North America Stainless Steel Flatware Market – Country Analysis

9.1 Overview

9.1.1 North America: Stainless Steel Flatware Market, by Key Country

9.1.1.1 US: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1 US: Stainless Steel Flatware Market, By Product

9.1.1.1.2 US: Stainless Steel Flatware Market, by Distribution Channel

9.1.1.2 Canada: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1 Canada: Stainless Steel Flatware Market, By Product

9.1.1.2.2 Canada: Stainless Steel Flatware Market, by Distribution Channel

9.1.1.3 Mexico: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1 Mexico: Stainless Steel Flatware Market, By Product

9.1.1.3.2 Mexico: Stainless Steel Flatware Market, by Distribution Channel

10. Company Profiles

10.1 Oneida

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 ZWILLING J.A. Henckels AG

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 Winco

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 SABRE

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 Christofle Silver, Inc.

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 RiverRidge

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

10.7 Tramontina USA Inc.

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Products and Services

10.7.4 Financial Overview

10.7.5 SWOT Analysis

10.7.6 Key Developments

10.8 Eternum S.A.

10.8.1 Key Facts

10.8.2 Business Description

10.8.3 Products and Services

10.8.4 Financial Overview

10.8.5 SWOT Analysis

10.8.6 Key Developments

10.9 Mepra S.p.A.

10.9.1 Key Facts

10.9.2 Business Description

10.9.3 Products and Services

10.9.4 Financial Overview

10.9.5 SWOT Analysis

10.9.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Word Index

LIST OF TABLES.

Table 1. North America Stainless Steel Flatware Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. US Stainless Steel Flatware Market, Product – Revenue and Forecast to 2028 (US$ Million)

Table 3. US Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 4. Canada Stainless Steel Flatware Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 5. Canada Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 6. Mexico Stainless Steel Flatware Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 7. Mexico Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8. List of Abbreviation

LIST OF FIGURES.

Figure 1. North America Stainless Steel Flatware Market Segmentation

Figure 2. North America Stainless Steel Flatware Market Segmentation – By Country

Figure 3. North America Stainless Steel Flatware Market Overview

Figure 4. The Forks Segment Held the Largest Market Share in 2021

Figure 5. North America Stainless Steel Flatware Market, Key Market Players

Figure 6. PEST Analysis: North America Stainless Steel Flatware Market

Figure 7. Expert Opinion

Figure 8. North America Stainless Steel Market Impact Analysis of Drivers and Restraints

Figure 9. North America Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10. North America Stainless Steel Flatware Market Revenue Share, By Product (2021 and 2028)

Figure 11. Spoons: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. Forks: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Knives: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Serving Utensils: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Others: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. North America Stainless Steel Flatware Market Revenue Share, by Distribution Channel (2021 and 2028)

Figure 17. Supermarkets & Hypermarkets: Stainless Steel Flatware Market– Revenue and Forecast to 2028 (US$ Million)

Figure 18. Specialty Stores: Stainless Steel Flatware Market– Revenue and Forecast to 2028 (US$ Million)

Figure 19. Online Retail: Stainless Steel Flatware Market– Revenue and Forecast to 2028 (US$ Million)

Figure 20. Others: Stainless Steel Flatware Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21. Geographic Overview of North America Stainless Steel Flatware Market

Figure 22. North America: Stainless Steel Flatware Market Revenue Share, by Key Country (2021 and 2028)

Figure 23. US: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Canada: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Mexico: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

● Oneida

● ZWILLING J.A. Henckels AG

● Winco

● SABRE

● Christofle Silver, Inc.

● RiverRidge

● Tramontina USA Inc.

● Eternum S.A.

● Mepra S.P.A

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America stainless steel flatware market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America stainless steel flatware market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the stainless steel flatware market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TOP