Kitchen Knives Market Size, Share, Growth Report 2032

Industry Perspective:

The global kitchen knives market size was evaluated at $14.5 Billion in 2022 and is slated to hit $16.5 Billion by the end of 2030 with a CAGR of nearly 6.3% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The kitchen knives industry report covers the geographical market along with a comprehensive competitive landscape analysis. The report includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, and value chain analysis. Additionally, the kitchen knives market report explores the investor and stakeholder space to help companies make data-driven decisions.

Kitchen Knives Market: Overview

Kitchen knives are key tools offering a slew of benefits in comparison to knives that are used in routine activities such as ease of use, effective chopping & slicing, and high control. The rise in the number of people choosing cooking as a career and the adoption of kitchen knives in cafeterias across schools, colleges, and work spaces have contributed majorly to the rise in the use of kitchen knives. Furthermore, manufacturers of kitchen knives are focusing on the production of long-lasting, safe, and cost-effective products which is predicted to enhance their use. The surging intake of street food and the rise in the number of restaurants have also propelled the demand for kitchen knives, with a large number of chefs preferring their use over knives used in routine activities.  

Key Insights

• As per the analysis shared by our research analyst, the global kitchen knives market is projected to expand annually at the annual growth rate of around 6.3% over the forecast timespan (2023-2030)
• In terms of revenue, the global kitchen knives market size was evaluated at nearly $14.5 billion in 2022 and is expected to reach $16.5 billion by 2030.
• The global kitchen knife market is anticipated to record massive growth over the forecast period owing to favorable product features such as exceptional performance, convenience, and durability.
• Based on manufacturing process, the stamped blades segment is predicted to contribute a majorly towards the market growth over the forecast timeline.
• In terms of application, the residential segment to make major contributions towards the global market proceeds over 2023-2030.
• Based on distribution channel, the indirect selling segment to make major contributions towards the global market proceeds over 2023-2030.
• Region-wise, the Asia-Pacific Kitchen Knives market is projected to register the fastest CAGR during the assessment period.

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Kitchen Knives Market: Growth Factors

Supportive product properties to boost the global market demand over 2023-2030

Escalating customer demand for new & premium kitchen knives will prompt the growth of the global kitchen knives market. Favorable product features such as exceptional performance, convenience, and durability are slated to spur the global market. Industry players are trying to create new products for fulfilling customer demand, thereby driving global market trends. Launching of kitchen knives in myriad shapes & sizes along with their enhanced usability will steer the growth of the kitchen knives market.

Furthermore, the launching of new products and rise in product promotions will embellish the expansion of the kitchen knives market across the globe. In addition to this, the rise in demand for premium as well as high-quality kitchen knives having attractive designs and provide excellent performance will steer the expansion of the global market. Use of new raw materials in the manufacture of commercial kitchen knives has proliferated the size of the global market.                       

Kitchen Knives Market: Hindrances

Availability of alternate products can impede the global industry surge in the next eight years

Easy availability of substitute products can impede the growth of the global kitchen knife industry. High cost of importing raw materials can further put brakes on the global industry in the years to come.

Kitchen Knives Market: Opportunities

Flourishing hotel & tourism sector will open new growth opportunities for the global market

Thriving hotel and restaurant business post-COVID-19 pandemic has opened new opportunities for growth for the global kitchen knives market. Increase in the number of new entrants in the kitchen knife production business and a rise in tourist activities globally is likely to shape the growth of the market across the globe.

Kitchen Knives Market: Challenges

Interruption in the supply chain activities can put up a big challenge to the growth of the global industry in coming years

Disruption in the supply chain and fluctuating costs in the import and export duties along with the rise in foreign direct investments has posed a huge challenge for the global kitchen knives industry.

Kitchen Knives Market: Segmentation

The global kitchen knives market is sectored into manufacturing process, price, application, cutting edge, distribution channel, size, and region

In terms of the manufacturing process, the global kitchen knives market is divided into the hand-forged and stamped blades segments. Furthermore, the stamped blades segment, which accounted for more than 52% of the global market share in 2022, is slated to retain its domination status even during 2023-2030. The segmental surge in the next eight years can be owing to its lightweight blades and high flexibility. Moreover, stamped blades find huge applications in food joints, restaurants, and hotels.

On the basis of the application, the global kitchen knives industry is sectored into residential and commercial segments. The residential segment, which accounted for the major share of the global industry in 2022, is set to lead the segmental surge over the forecast timeframe. The growth of the segment in the coming years can be due to a rise in preference for kitchen knives in modular kitchens in various residences. Apart from this, huge consumer expenditure on premium and high-quality kitchen appliances will boost the segmental growth

Based on the distribution channel, the global kitchen knives market is divided into direct selling and indirect selling segments. The indirect selling segment, which contributed a major share of the global market in 2022, is set to dominate the segmental space in the coming years. The growth of the segment in the forecasting years can be due to the presence of small-scale firms with low capital and a lack of availability of brand stores.

In terms of price, the industry is segmented into low, medium, and high segments.

On the basis of cutting edge, the market across the globe is divided into plain, granton, and serrated segments.

Based on the size, the kitchen knives industry globally is sectored into 3-5 inches, 5-7 inches, 7-9 inches, and 9-12 inches segments.

Recent Breakthroughs

• In the first quarter of 2019, Artisan Revere, a key manufacturer of chef’s knives, launched the Elmax knife which has a length of 8.6 inches and can be used by chefs owing to its smooth, uniform, and fast-cutting features. The move will contribute majorly to the demand for kitchen knives in the upcoming years.
• In the second quarter of 2019, Colorado, a peak knife manufacturing firm, launched a 14ers knife made from German steel. The strategic move is likely to contribute sizably towards the global kitchen knife market revenue.

Kitchen Knives Market: Report Scope

Kitchen Knives Market: Regional Insights 

European Kitchen Knives market to accrue the highest revenue share over 2023-2030

The European region, which contributed more than 40% of the global kitchen knives market revenue in 2022, is anticipated to dominate the regional market growth over the forecast timeline. The regional market surge over 2023-2030 can be due to strong culinary traditions along with humungous demand for high-quality kitchen equipment. Apart from this, a large number of people in Europe are trying to make investments in high-end kitchen knives for household usage. Moreover, the demand for new and eco-friendly kitchen knives & designs in Europe will prop up the scope of growth of the regional market.

On the other hand, the kitchen knives industry in Asia-Pacific is predicted to record the fastest CAGR of 8.0% in the forthcoming years. The regional market expansion over the forecast timeline can be due to the rise in the product demand and availability of a large number of food menus & popularity of cooking in the countries such as Indian, Japanese, and Chinese cultures in Asia.

Kitchen Knives Market: Competitive Space

The global kitchen knives market profiles key players such as:

• Friedr. Dick GmbH & Co. KG
• Masamoto Sohonten Co. Ltd.
• MAC Knife
• Wüsthof
• Victorinox AG
• Kyocera
• Zwilling J. A. Henckels
• Misen LLC
• Calphalon
• Dexter-Russell Inc.
• Messermeister Inc.

The global kitchen knives market is segmented as follows:

By Manufacturing Process

• Hand-Forged
• Stamped Blades

 By Cutting Edge

• Plain
• Granton
• Serrated

By Distribution Channel

• Direct Selling
• Indirect Selling

By Size

• 3-5 inches
• 5-7 inches
• 7-9 inches
• 9-12 inches

By Application

• Residential
• Commercial

By Price

• Low
• Medium
• High

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa