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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)
Market Report I 2022-12-21 I 88 Pages I The Insight Partners
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.
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)
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