The edible cups market size is projected to be valued at US$ 45 million in 2023 and is expected to rise to US$ 89 million by 2033. The sales of edible cups are expected to register a significant CAGR of 7.1% during the forecast period.
The detrimental effects of plastic pollution on our planet are undeniable. Edible cups provide a sustainable solution by eliminating the need for traditional single-use cups.
Edible cups have a wide range of applications in the food and beverage industry. They can also be used at events, parties, and weddings, adding a touch of creativity and sustainability to the occasion.
Edible cups allow for customization and personalization, making them appealing to both businesses and consumers. The edible cups market has experienced significant growth in recent years, driven by increased environmental awareness and the demand for sustainable alternatives.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-17243
As consumers become more conscious of their choices, businesses that embrace edible cups are well-positioned to attract and retain environmentally conscious customers. The market presents a wealth of opportunities for both established players and innovative startups.
While the edible cups market shows immense potential, there are challenges to overcome. Maintaining consistency in taste and texture, ensuring shelf stability, and optimizing production processes are areas that manufacturers need to address.
However, with advancements in technology and increasing consumer demand, these challenges can be overcome.
In 2022, cold beverages held a significant 52.5% share in the edible cups market, thanks to their unique and beneficial qualities. Businesses in the market can leverage the opportunities presented by cold beverages in edible cups. As they provide a refreshing experience, novelty, and visual appeal, align with sustainability, allow for customization, and cater to events and on-the-go consumption.
Commercial end users, particularly in the food and beverage industry, have a high share of 75.8% in the market. This is because commercial establishments, such as restaurants and cafes, serve a large volume of customers and require practical and sustainable cup solutions. Edible cups also have high social media appeal, driving promotion and visibility for businesses.
In the regional analysis, Europe holds a prominent market share of 23.5% in the edible cups market. Due to its emphasis on sustainability and the thriving food and beverage industry. European consumers appreciate the creative and visually appealing element that edible cups add to the dining experience.
The United States, with a 13.0% market share, is known for its entrepreneurial spirit and innovation. American manufacturers and startups lead in developing unique edible cup options, capitalizing on the strong social media culture and visual appeal.
India, with its massive consumer market and 8.0% growth rate, presents lucrative opportunities. The expanding food and beverage sector, driven by changing lifestyles and rising disposable incomes, creates demand for inventive dining experiences. The Indian government’s initiatives to reduce plastic waste further encourage the adoption of alternatives like edible cups.
Competitive Landscape
Biotrem, Edibles by Jack, UniCrave Technologies, Mede Cutlery Company, Candy Cutlery, and Unreasonable Group are among the prominent players. Prominent manufacturers are diversifying their product lines to include edible cups. These goods are predicted to be quite popular with restaurants and eateries. Furthermore, the companies have been experimenting with silverware flavors to complement the food items that are offered to them. Moreover, these cups have been engineered to fulfill consumer demand due to connected health concerns.
Key Companies Profiled:
- Amcor Ltd.
- Constantia Flexibles Group GmbH
- Berry Global Group, Inc.
- Huhtamäki Oyj
- Sonoco Products Company
- Bemis Company, Inc.
- Sealed Air Corporation
- AR Packaging Group AB
- Mondi Group
- DS Smith Plc
- CCL Industries Inc.
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Key Segments:
By Material:
- Sugar
- Chocolate
- Cookies
- Others
By Capacity:
- Up to 50 ml
- 60 to 100 ml
- Above 100 ml
By End Use:
- Industrial
- Commercial
- Institutional
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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