At 4.7% CAGR, the Middle East & Africa Stainless Steel Flatware Market is projected to be worth US$ 1,343.26 million by 2028, says Business Market Insights   

According to Business Market Insights’ research, the Middle East & Africa stainless steel flatware market was valued at US$ 1,019.67 million in 2022 and is expected to reach US$ 1,343.26 million by 2028, registering a CAGR of 4.7% from 2022 to 2028. Boosting penetration of e-commerce and introduction of stainless steel flatware with innovative coatings are the critical factors attributed to the market expansion.                 

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.

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

Based on product, the Middle East & Africa stainless steel flatware market is segmented into spoons, forks, knives, serving utensils, and others. The spoons segment held 35.7% market share in 2022, amassing US$ 363.86 million. It is projected to garner US$ 471.74 million by 2028 to expand at 4.4% CAGR during 2022–2028.

Based on distribution channel, the Middle East & Africa stainless steel flatware market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The Specialty Stores segment held 41.1% market share in 2022, amassing US$ 418.64 million. It is projected to garner US$ 555.76 million by 2028 to expand at 4.8% CAGR during 2022–2028.

Based on country, the Middle East & Africa stainless steel flatware market has been segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa.  Our regional analysis states that Saudi Arabia captured 33.1% market share in 2022. It was assessed at US$ 337.15 million in 2022 and is likely to hit US$ 444.56 million by 2028, exhibiting a CAGR of 4.7% during the forecast period.  

Key players dominating the Middle East & Africa stainless steel flatware market ZWILLING J.A. Henckels AG; SABRE; Christofle Silver, Inc.; Tramontina USA Inc.; Eternum S.A.; and Mepra S.P.A, among others.

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