30 Nov
2020
Ever thought there would come a time when food will also include spoons and plates? Edible cutleries are increasingly becoming the talk of the town, followed by the fundamental principle eat with it and then eat it.
The most basic idea behind the advent of edible cutlery is to replace plastic-based cutlery. Plastic has its own health and environmental disadvantages. Where, on the other hand, edible cutlery has a lot more to offer than just nutrition. Edible cutlery, for the starters, is cost-efficient and eco-friendly. They are made of safe to eat and healthy plant-based ingredients. In addition, it offers the compatibility that makes the edible more attractive and yummier. No denial, it serves to be one of the best replacements of plastic-based cutlery.
As its fancies are attracting the crowd the demand for edible cutlery is uprising as well. Various small and big market players are investing and coming up with new strategies such as the launch of new products in order to bloom the market. Moreover, the market is thriving with a number of activities that are proliferating the progress.
The new product launch is getting trendy in the market. A vegan brand name IncrEdible has launched edible spoons lately. What makes it more interesting is that the cutlery is available in flavors. Furthermore, the company is working to expand its portfolio by introducing both new cutleries as well as flavors.
The whole world is distressed with the thought of mounting plastic waste. And therefore, every industry is discovering ways to lessen the usage of plastic with its replacement. Recently, two students from the Hong Kong University of Science and Technology (HKUST) have been declared as the winner for introducing vegan and biodegradable edible alternatives for single-use cutlery in an entrepreneurship competition. The two business administration students and co-founders of Planeteers, a startup, are working on a mission of replacing single-use plastic and wooden cutlery with their edible and biodegradable vegan cutlery alternatives.
The rising health awareness and concerns regarding environmental impacts are expected to elevate the demand for edible cutlery. A report by Allied Market Research estimated that the edible cutlery market would reach $56,970.4 thousand by 2026 with a CAGR of 11.1% in between 2019 to 2026.
The emerging economies are highly focusing on bringing the change with edible cutlery. Though the fluctuation in the prices of raw material such as natural and inorganic flour may come out as a challenge. However, the increase in the number of people switching to vegan products is another major factor driving the demand for edible cutlery. At the same time surge in disposable income and the introduction of additional healthy flours and herbs are anticipated to further attract the population. Moreover, further investments and research & development to expand the portfolio and market activities are estimated to widen the prospects for the market players, thereby aiding the market to grow exponentially.
Koyel Ghosh
Authors Bio- Koyel Ghosh is a blogger with a strong passion and enjoys writing in miscellaneous domains, as she believes it lets her explore a wide variety of niches. She has an innate interest in creativity and enjoys experimenting with different writing styles. A writer who never stops imagining, she has been serving the corporate industry for the last five years.
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