Middle East & Africa Stainless Steel Flatware Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

Description

List of Tables

The stainless steel flatware market in Middle East & Africa is expected to grow from US$ 1,019.67 million in 2022 to US$ 1,343.26 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Introduction of Stainless Steel Flatware with Innovative Coatings

Manufacturers are launching products with new finishes, including metallic finish, mirror finish, and matte finish, to attract consumers and boost product sales. The company also offers gold-plated stainless steel flatware, which enhances the aesthetic appeal of the product. Similarly, Fortessa Tableware Solutions, LLC, manufacturer of tableware products, offers gold-plated, 18/10 (18% chromium and 10% nickel) stainless steel flatware set with a mirror finish. The product is durable and can be cleaned by using a dishwasher. Further, CB2, a furniture and home decor company, offers two-toned five-piece stainless steel flatware set with silver-plated tips and gold-plated slender handles. Also, many manufacturers such as Anthopologie and Fortessa offer black and rose gold stainless steel flatware. Flatware with innovative coating is popular among consumers due to their attractive appearance. Hence, rising launches of such products with an attractive coating are expected to provide lucrative opportunities for the stainless steel flatware market over the forecast period.

Market Overview

The Middle East & Africa stainless steel flatware market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Middle East countries such as Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain have witnessed an increase in the influence of western cuisines; as a result, the adoption of cutlery rate has also increased. Moreover, the extensive expenditure on luxurious and premium products by high & medium-income consumers has increased the sales of stainless steel flatware across the region. However, due to the developing economy of South African countries, consumers prefer affordable and durable flatware, such as stainless steel. Hence, the popularity of stainless steel flatware in the region is mainly driven due to its affordability and sustainability.

Middle East & Africa Stainless Steel Flatware Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Stainless Steel Flatware Market Segmentation

The Middle East & Africa 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 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 South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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: BMIRE00027702

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. Middle East & Africa Stainless Steel Flatware Market Landscape

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

5. Middle East & Africa Stainless Steel Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Strengthening Preference for Dining at Home due to COVID-19 Pandemic
- 5.1.2 Higher 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 Boosting Penetration of E-Commerce
5.5 Impact Analysis of Drivers and Restraints

6. Middle East & Africa Stainless Steel Flatware - Market Analysis

6.1 Market Overview
6.2 Middle East & Africa Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)

7. Middle East & Africa Stainless Steel Flatware Market Analysis - By Product

7.1 Overview
7.2 Middle East & Africa 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. Middle East & Africa Stainless Steel Flatware Market Analysis - By Distribution Channel

8.1 Overview
8.2 Middle East & Africa 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. Middle East & Africa Stainless Steel Flatware Market Country Analysis

9.1 Overview
- 9.1.1 Middle East & Africa: Stainless Steel Flatware Market, by Key Country
  - 9.1.1.1 South Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.1.1 South Africa: Stainless Steel Flatware Market, By Product
    - 9.1.1.1.2 South Africa: Stainless Steel Flatware Market, by Distribution Channel
  - 9.1.1.2 Saudi Arabia: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.2.1 Saudi Arabia: Stainless Steel Flatware Market, By Product
    - 9.1.1.2.2 Saudi Arabia: Stainless Steel Flatware Market, by Distribution Channel
  - 9.1.1.3 UAE: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.3.1 UAE: Stainless Steel Flatware Market, By Product
    - 9.1.1.3.2 UAE: Stainless Steel Flatware Market, by Distribution Channel
  - 9.1.1.4 Rest of Middle East & Africa: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.4.1 Rest of Middle East & Africa: Stainless Steel Flatware Market, by Product
    - 9.1.1.4.2 Rest of Middle East & Africa: 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