Kitchen Knives Market Set to Witness an Uptick during 2019 to 2025

Posted by Mrudula Anil Karmarkar on March 28th, 2022

The global kitchen knives market size is expected to reach USD 2.08 billion by 2025 registering a CAGR of 8.6%, according to a new report by Grand View Research, Inc. Growing popularity of reality shows, such as Top Chef, MasterChef, Hell’s Kitchen, Iron Chef, and Chopped, which have renewed the arena of cooking, is the key growth-driving factor for the market. Moreover, cooking has become a prominent career choice, which is estimated to have a positive impact on the product demand. Increased importance of visual appeal in various food dishes will drive the product demand over the next few years.

Rising impact of social media platforms will also fuel the market growth. Key manufacturers in this market are Friedr. Dick GmbH & Co., Global Knives, KAI USA LTD., KIYA & Co., Ltd., MAC Knife, MASAMOTO, Mercer Culinary, Messermeister, Victorinox, Wüsthof, and Zwilling J. A. Henckels. Product development is expected to remain a critical success factor for the market participants. Thus, major companies have increased their spending on new product developments. For instance, In March 2019, Artisan Revere released Elmax, an 8.6-inch chef knife for uniform, smooth, faster cutting. In April 2019, Peak Knife Company launched Colorado 14ers chef’s knife made of German 1.4116 steel.

Growing popularity of reality shows, such as Top Chef, MasterChef, Hell’s Kitchen, Iron Chef, and Chopped, which have renewed the arena of cooking, is the key growth-driving factor for the market. Moreover, cooking has become a prominent career choice, which is estimated to have a positive impact on the demand for kitchen knives.Increased importance of visual appeal in various dishes will drive the product demand over the next few years. Furthermore, use of knives to create uncommon shapes including brunoise, chiffonade, julienne, and macedoine has become a common trend owing to rapid globalization. This will boost the product demand. The introduction of advanced products will also have a positive impact on the market growth in near future.

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Convenience stores segment led the global market in 2018 and accounted for a market share of more than 58%. Rising number of specialty and departmental stores and company-owned brand outlets across the globe is estimated to be the key factor for segment growth. On the other hand, the online segment is projected to witness the maximum growth rate from 2019 to 2025. Rising popularity of e-commerce sites, such as Amazon, due to increasing number of smartphone and internet users and the ease of shopping offered by these sites will boost the product sales through online channels. Moreover, these platforms provide a variety of branded products at discounted prices and offer doorstep delivery services and multiple payment options, such as Cash On Delivery (COD), which will augment the segment growth.

Kitchen Knives Market Report Highlights

• Stamped blade products accounted for the largest revenue share of more than 75% in 2018 owing to their easy availability and low price
• However, hand forged manufacturing products are expected to witness the fastest growth at a CAGR of 9.1% from 2019 to 2025
• Commercial application is expected to be the fastest-growing segment over the next few years. Increasing number of eateries and restaurants is pushing the use of knives in commercial sector
• Based on product size, 5-7 inch knives was the largest segment in 2018 and accounted for more than 35% of the overall market share
• Convenience stores segment led the global kitchen knives market in 2018. However, online channel segment will register the maximum CAGR from 2019 to 2025
• Asia Pacific is expected to be the fastest-growing regional market at a CAGR of over 9% during the forecast period

Some of the pleading manufacturers in the market include Friedr. Dick GmbH & Co., GLOBAL KNIVES, KAI USA LTD., KIYA & Co., Ltd., MAC Knife., MASAMOTO, Mercer Culinary, Messermeister, Victorinox, Wüsthof, and Zwilling J. A. Henckels. Most of these companies invest in R&D for product development. In addition, they are focusing on alliances with distributors in developing countries including China and India to increase their market share.

Grand View Research has segmented the global kitchen knives market on the basis of manufacturing process, cutting edge, application:

Kitchen Knives Manufacturing Process Outlook (Revenue, USD Million, 2015 - 2025)

• Hand Forged
• Stamped Blades

Kitchen Knives Cutting Edge Outlook (Revenue, USD Million, 2015 - 2025)

• Plain
• Granton
• Serrated

Kitchen Knives Application Outlook (Revenue, USD Million, 2015 - 2025)

• Household
• Commercial