Asia Pacific Stainless Steel Flatware Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

List of Tables

The stainless steel flatware market in Asia Pacific is expected to grow from US$ 5,849.30 million in 2022 to US$ 8,625.28 million by 2028. It is estimated to grow at a CAGR of 6.7% from 2022 to 2028.

Elevating Penetration of E-Commerce

The sales of furniture and home furnishing products, including kitchenware and flatware, increasing substantially because of the easy access to e-commerce platforms due to the increasing penetration of smartphones and the internet, rising purchasing power of consumers, and convenient shopping experience provided by online retail platforms are among the key factors driving the sales of stainless steel flatware through e-commerce platforms. People increasingly prefer online retail platforms to buy stainless steel flatware owing to the availability of various products of different brands at affordable prices, detailed product descriptions, consumer ratings and reviews, and home delivery services. During COVID-19 outbreak, individuals were restricted to stay at home, which increased their inclination toward online shopping. With the rising penetration of e-commerce across different geographies, stainless steel flatware manufacturers are enhancing their online presence by selling their products through well-known e-commerce platforms, such as Amazon.com, Lidl, and Walmart. Therefore, all these factors are expected to boost the stainless steel flatware market growth in the coming years.

Market Overview

The Asia Pacific stainless steel flatware market is segmented into China, India, Australia, Japan, South Korea, and the rest of Asia Pacific. The market witnessed rapid growth due to the affordability and sustainability of stainless steel flatware, the increasing consumer preference for professional cooking at home, the rising use of specialized cutlery, the changing lifestyles of consumers, and increased expenditure on luxury flatware. In countries such as India, Malaysia, Indonesia, and China, the demand for stainless steel flatware has been rising due to the increased establishment of new hotels, restaurants, and cafes owing to the growing tourism industry and consumers' interest in exploring different cuisines. Also, the consumers' increasing demand for traditional flatware, including slim or pointed, designer handles and oblong or rounded heads, and remarkable finishes of flatware are boosting the market growth in the region. Moreover, the rising popularity of stainless steel flatware owing to its sustainability, is contributing to the growth of the Asia Pacific stainless steel flatware market growth. In addition, the young population is extensively adopting western culture and cuisines; they are using different flatware for various purposes. As a result, the demand for different purposed flatware for multiple applications has boosted the market growth.

Asia Pacific Stainless Steel Flatware Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Stainless Steel Flatware Market Segmentation

The Asia Pacific stainless steel flatware market is segmented into product and distribution channel.

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 Australia, China, India, Japan, South Korea, and Rest of APAC. China 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.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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

Product Code: BMIRE00027569

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. Asia Pacific Stainless Steel Flatware Market Landscape

4.1 Market Overview
4.2 PEST Analysis: Stainless Steel Flatware Market
4.3 Expert Opinion

5. Asia Pacific 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 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 Elevating Penetration of E-Commerce
5.5 Impact Analysis of Drivers and Restraints

6. Asia Pacific Stainless Steel Flatware - Market Analysis

6.1 Market Overview
6.2 Asia Pacific Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)

7. Asia Pacific Stainless Steel Flatware Market Analysis By Product

7.1 Overview
7.2 Asia Pacific 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. Asia Pacific Stainless Steel Flatware Market Analysis - By Distribution Channel

8.1 Overview
8.2 Asia Pacific 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. Asia Pacific Stainless Steel Flatware Market - Country Analysis

9.1 Overview
- 9.1.1 Asia Pacific: Stainless Steel Flatware Market, by Key Country
  - 9.1.1.1 Australia: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.1.1 Australia: Stainless Steel Flatware Market, By Product
    - 9.1.1.1.2 Australia: Stainless Steel Flatware Market, by Distribution Channel
  - 9.1.1.2 China: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.2.1 China: Stainless Steel Flatware Market, By Product
    - 9.1.1.2.2 China: Stainless Steel Flatware Market, by Distribution Channel
  - 9.1.1.3 India: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.3.1 India: Stainless Steel Flatware Market, by Product
    - 9.1.1.3.2 India: Stainless Steel Flatware Market, by Distribution Channel
  - 9.1.1.4 Japan: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.4.1 Japan: Stainless Steel Flatware Market, By Product
    - 9.1.1.4.2 Japan: Stainless Steel Flatware Market, by Distribution Channel
  - 9.1.1.5 South Korea: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.5.1 South Korea: Stainless Steel Flatware Market, By Product
    - 9.1.1.5.2 South Korea: Stainless Steel Flatware Market, by Distribution Channel
  - 9.1.1.6 Rest of Asia Pacific: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.6.1 Rest of Asia Pacific: Stainless Steel Flatware Market, By Product
    - 9.1.1.6.2 Rest of Asia Pacific: 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 Insight Partners
11.2 Word Index