Europe 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)

BMIRE00027573 | Pages: 89 | Consumer Goods | Dec 2022 | Type: Regional | Status: Published

The stainless steel flatware market in Europe is expected to grow from US$ 3,763.62 million in 2022 to US$ 5,469.67 million by 2028. It is estimated to grow at a CAGR of 6.4% from 2022 to 2028.

 

Elevating Preference for Dining at Home due to COVID-19 Pandemic

 

Preference for freshly home-cooked meals has increased as people have become health conscious. In recent years, the trend of house parties and dinners has grown massively, especially during the COVID-19 pandemic. Also, hygiene-conscious people prefer home cooking and at-home dining over dining out amid the pandemic. According to a survey by Grocer in November 2020, one out of five people in the UK spent their time on improving their culinary skills during the pandemic, and 40% of the surveyed audience confirmed that they enjoyed cooking at home. Further, food delivery and takeaway services witnessed high growth during the pandemic due to the restrictions on dine-in operations in restaurants due to social distancing norms. According to the report by CGA Tracker, combined sales of food delivery and takeaway services in the UK increased by 130% in September 2020 from 2019. Stainless steel flatware is affordable, attractive, and durable. Attractive stainless steel flatware with sleek designs and finish can enhance the dining experience at home. Therefore, owing to the rising preference for at-home dining, the demand for modern and eye-catching stainless steel flatware is increasing across the region.

 

Market Overview

The Europe stainless steel flatware market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. The market growth is attributed to increased expenditure for luxurious flatware, a developed hospitality sector, rising product awareness, and digitalized distribution platforms. Further, due to an increased interest in home cooking, social dining events, and casual dining, particularly among younger consumers, the demand for cutlery items, mainly knives, forks, and spoons, has increased significantly. Also, European countries import cutlery from different countries such as China, Japan, Malaysia, and South Korea. According to the Centre for the Promotion of Imports from developing countries (CBI) report published on December 29, 2020, European cutlery imports increased from US$ 1.4 billion in 2015 to US$ 1.5 billion in 2019, registering an average annual growth of 2.3%. Moreover, stainless steel flatware retains its luster and is more corrosion resistant. Thus, the demand for high-quality designs and durable flatware has increased among consumers. In addition, the European market is known for its heritage and several traditional stainless steel flatware brands. These brands rigorously focus on research and development activities and continue to introduce modern and designer flatware, to help propel the stainless steel flatware market growth.

 

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

 

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

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Europe Stainless Steel Flatware Market Segmentation

 

The Europe 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 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 Germany, France, the UK, Italy, Russia, and Rest of Europe. Rest of Europe 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.  

 

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.           Europe Stainless Steel Flatware Market Landscape

4.1         Market Overview

4.2         PEST Analysis: Stainless Steel Flatware Market

4.3         Expert Opinion

5.           Europe Stainless Steel Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Elevating Preference for Dining at Home due to COVID-19 Pandemic

5.1.2        Heighten 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        Surging Penetration of E-Commerce

5.5         Impact Analysis of Drivers and Restraints

6.           Europe Stainless Steel Flatware – Market Analysis

6.1         Stainless Steel Flatware Market Overview

6.2         Europe Stainless Steel Flatware Market –Revenue and Forecast to 2028 (US$ Million)

7.           Europe Stainless Steel Flatware Market Analysis – By Product

7.1         Overview

7.2         Europe 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.           Europe Stainless Steel Flatware Market Analysis – By Distribution Channel

8.1         Overview

8.2         Europe 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.           Europe Stainless Steel Flatware Market – Country Analysis

9.1         Overview

9.1.1        Europe: Stainless Steel Flatware Market, by Key Country

9.1.1.1          Germany: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          Germany: Stainless Steel Flatware Market, By Product

9.1.1.1.2          Germany: Stainless Steel Flatware Market, by Distribution Channel

9.1.1.2          France: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          France: Stainless Steel Flatware Market, By Product

9.1.1.2.2          France: Stainless Steel Flatware Market, by Distribution Channel

9.1.1.3          UK: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          UK: Stainless Steel Flatware Market, By Product

9.1.1.3.2          UK: Stainless Steel Flatware Market, by Distribution Channel

9.1.1.4          Italy: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Italy: Stainless Steel Flatware Market, By Product

9.1.1.4.2          Italy: Stainless Steel Flatware Market, by Distribution Channel

9.1.1.5          Russia: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          Russia: Stainless Steel Flatware Market, By Product

9.1.1.5.2          Russia: Stainless Steel Flatware Market, by Distribution Channel

9.1.1.6          Rest of Europe: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of Europe: Stainless Steel Flatware Market, By Product

9.1.1.6.2          Rest of Europe: 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      Wilkens & Söhne GmbH

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      Eternum S.A.

10.6.1     Key Facts

10.6.2     Business Description

10.6.3     0Products and Services

10.6.4     Financial Overview

10.6.5     SWOT Analysis

10.6.6     Key Developments

10.7      Mepra S.p.A.

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

11.        Appendix

11.1      About The Insight Partners

11.2      Word Index

 

 

LIST OF TABLES

Table 1.             Europe Stainless Steel Flatware Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Germany Stainless Steel Flatware Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Germany Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 4.             France Stainless Steel Flatware Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 5.             France Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 6.             UK Stainless Steel Flatware Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 7.             UK Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Italy Stainless Steel Flatware Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Italy Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Russia Stainless Steel Flatware Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Russia Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of Europe Stainless Steel Flatware Market, By Product – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of Europe Stainless Steel Flatware Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 14.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Europe Stainless Steel Flatware Market Segmentation

Figure 2.           Europe Stainless Steel Flatware Market Segmentation – By Country

Figure 3.           Europe Stainless Steel Flatware Market Overview

Figure 4.           The Forks Segment Held the Largest Market Share in 2021

Figure 5.           Europe Dominated the Stainless Steel Flatware Market in 2021

Figure 6.           Europe Stainless Steel Flatware Market, Key Market Players

Figure 7.           PEST Analysis: Europe Stainless Steel Flatware Market

Figure 8.           Expert Opinion

Figure 9.           Europe Stainless Steel Market Impact Analysis of Drivers and Restraints

Figure 10.        Europe Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Europe Stainless Steel Flatware Market Revenue Share, By Product (2021 and 2028)

Figure 12.        Spoons: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Forks: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Knives: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Serving Utensils: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Others: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Europe Stainless Steel Flatware Market Revenue Share, by Distribution Channel (2021 and 2028)

Figure 18.        Supermarkets & Hypermarkets: Stainless Steel Flatware Market– Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Specialty Stores: Stainless Steel Flatware Market– Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Online Retail: Stainless Steel Flatware Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Others: Stainless Steel Flatware Market– Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Geographic Overview of Europe Stainless Steel Flatware Market

Figure 23.        Europe: Stainless Steel Flatware Market Revenue Share, by Key Country (2021 and 2028)

Figure 24.        Germany: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        France: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        UK: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Italy: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Russia: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Rest of Europe: Stainless Steel Flatware Market – Revenue and Forecast to 2028 (US$ Million)

  1. ZWILLING J.A. Henckels AG                                                       
  2. SABRE                
  3. Christofle Silver, Inc.                                   
  4. Tramontina USA Inc.
  5. Wilkens & Söhne GmbH                
  6. Eternum S.A.
  7. Mepra S.P.A
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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  

 

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