Global Cutlery Market to Grow at a CAGR of 6.7% During 2016–2022

BANGALORE, India - May 19, 2017 - PRLog -- Analysts at Beige Market Intelligence predict that the global cutlery market is expected to grow at a CAGR close to 6.7% by 2022.

A recent report published by Beige Market Intelligence on the Global Cutlery Market – Strategic Assessment and Forecast 2017–2022, provides crucial facts about the worldwide cutlery market growth and forecasts for the period 2016–2022. The report comprises 110 pages of information supported with more than 65 exhibits.

The cutlery market is categorized into utility products and designer products. The designer cutlery segment is used to enhance the aesthetics of kitchens and dining tables. Also, based on the difference in the demand and the perception, the market is segmented into different price ranges. Three pricing ranges included in this report are: low-end, medium-end, and high-end.

Increasing  number of households, growing property market, and rising disposable incomes are likely to boost the global cutlery market.

Growth of single-person households

The household growth rate differs from the population growth rate due to cultural shifts leading to a few multigeneral households and more single and two-person households. Across the world, multigenerational households are becoming less common in the urban area. As a result, the declining average six per household is also impacting the sale across the geography.

Increased personal disposable incomes

The growth in personal disposable incomes can also be correlated with the growth rates of the cutlery market. As the disposable income will increase the demand for high-end kitchen products is likely to grow. There is increasing trend of improved ergonomics in the cutlery market for high-end products. Vendors are focusing on increasing ergonomics of cutlery on the basis of shapes, different colors, and simplistic blade variations.

The demand for the cutlery products is coming from developing economies of APAC, China, Latin America, and the MEA region, where the usage is still popular as utility products. However, the demand for high-end product is also growing in the emerging economies of the APAC region such as India and China on account of increasing personal disposable income.

Further the market research report provides major trends, drivers, restraints, market analysis, market size, and growth forecast of the global cutlery market.

For More Information View Report:http://www.beigemarketintelligence.com/reports/research-r...

Source: http://www.beigemarketintelligence.com/news/press-release...

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