The stainless steel flatware market in Asia Pacific is expected to grow from US$ 5,849.30 million in 2022 to US$ 8,625.28 million by 2028. It is estimated to grow at a CAGR of 6.7% from 2022 to 2028.
Elevating Penetration of E-Commerce
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.Market Overview
Asia Pacific Stainless Steel Flatware Market Segmentation
The Asia Pacific 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 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 Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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. Asia Pacific Stainless Steel Flatware Market Landscape
4.1 Market Overview
4.2 PEST Analysis: Stainless Steel Flatware Market
4.3 Expert Opinion
5. Asia Pacific 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 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 Elevating Penetration of E-Commerce
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Stainless Steel Flatware - Market Analysis
6.1 Market Overview
6.2 Asia Pacific Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Stainless Steel Flatware Market Analysis By Product
7.1 Overview
7.2 Asia Pacific 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. Asia Pacific Stainless Steel Flatware Market Analysis - By Distribution Channel
8.1 Overview
8.2 Asia Pacific 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. Asia Pacific Stainless Steel Flatware Market - Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Stainless Steel Flatware Market, by Key Country
9.1.1.1 Australia: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Stainless Steel Flatware Market, By Product
9.1.1.1.2 Australia: Stainless Steel Flatware Market, by Distribution Channel
9.1.1.2 China: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Stainless Steel Flatware Market, By Product
9.1.1.2.2 China: Stainless Steel Flatware Market, by Distribution Channel
9.1.1.3 India: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Stainless Steel Flatware Market, by Product
9.1.1.3.2 India: Stainless Steel Flatware Market, by Distribution Channel
9.1.1.4 Japan: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Stainless Steel Flatware Market, By Product
9.1.1.4.2 Japan: Stainless Steel Flatware Market, by Distribution Channel
9.1.1.5 South Korea: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Stainless Steel Flatware Market, By Product
9.1.1.5.2 South Korea: Stainless Steel Flatware Market, by Distribution Channel
9.1.1.6 Rest of Asia Pacific: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Stainless Steel Flatware Market, By Product
9.1.1.6.2 Rest of Asia Pacific: 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 Publisher
11.2 Word Index
List of Tables
Table 1. Asia Pacific Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Stainless Steel Flatware Market, By Product- Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 4. China Stainless Steel Flatware Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 5. China Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 6. India Stainless Steel Flatware Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 7. India Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan Stainless Steel Flatware Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea Stainless Steel Flatware Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific Stainless Steel Flatware Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific Stainless Steel Flatware Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
List of Figures
Figure 1. Asia Pacific Stainless Steel Flatware Market Segmentation
Figure 2. Asia Pacific Stainless Steel Flatware Market Segmentation - By Country
Figure 3. Asia Pacific Stainless Steel Flatware Market Overview
Figure 4. The Forks Segment Held the Largest Market Share in 2021
Figure 5. China Dominated the Stainless Steel Flatware Market in 2021
Figure 6. Asia Pacific Stainless Steel Flatware Market, Key Market Players
Figure 7. PEST Analysis: Asia Pacific Stainless Steel Flatware Market
Figure 8. Expert Opinion
Figure 9. Asia Pacific Stainless Steel Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Stainless Steel Flatware Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific 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. Asia Pacific 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 Asia Pacific Stainless Steel Flatware Market
Figure 23. Asia Pacific: Stainless Steel Flatware Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Australia: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Figure 27. Japan: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Asia Pacific: Stainless Steel Flatware Market -Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- ZWILLING J.A. Henckels AG
- SABRE
- Christofle Silver, Inc.
- Tramontina USA Inc.
- Eternum S.A.
- Mepra S.P.A
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | December 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 5849.3 Million |
| Forecasted Market Value ( USD | $ 8625.28 Million |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 6 |
