North America Stainless Steel Flatware Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

Description

List of Tables

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.

Reasons to Buy:

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

Product Code: BMIRE00027707

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