NEW YORK, United States, May 16, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Kitchen Knives Market By Manufacturing Process (Hand-Forged And Stamped Blades), By Cutting Edge (Plain, Granton, And Serrated), By Size (3-5 Inches, 5-7 Inches, 7-9 Inches, And 9-12 Inches), By Application (Residential And Commercial), By Price (Low, Medium, And High), By Distribution Channel (Direct Selling And Indirect Selling), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Kitchen Knives Market size & share in terms of revenue was valued at USD 14.5 billion in 2022 and it is expected to surpass around USD 16.5 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 6.30% during the forecast period 2023 to 2030.”
What are Kitchen Knives? How big is the Kitchen Knives Industry?
Report Overview:
Kitchen knives are products that provide large benefits as compared to knives that find application in routine activities including effective chopping & slicing along with massive controlling of the product. There is a rise in the number of individuals opting for cooking as a career and the acceptance of kitchen knives in cafeterias in schools, academic institutions, colleges, and workplaces.
In addition to this, kitchen knife manufacturers are focusing on the production of durable, safe, and cost-efficient items. Massive consumption of street food and an increase in the number of restaurants have also elevated the utilization of kitchen knives as a large number of chefs prefer their use over traditional knives during routine activities.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- About 220+ Pages Research Report (Including Recent Research)
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research Methodology
Global Kitchen Knives Market Dynamics:
Growth Factors:
- Surging consumer demand for new kitchen knives will proliferate the expansion of the global kitchen knives market.
- In addition to this, beneficial product features including outstanding performance, use-convenience, and durability are predicted to boost the global market.
- Industry participants are trying to launch new products for satisfying consumer demand, thereby steering the global market expansion.
- Introduction of kitchen knives in various shapes along with their enhanced use will proliferate the size of the market.
Restraints:
- The easy availability of alternative products will put brakes on the expansion of the global kitchen knives industry.
- Furthermore, rising costs of raw materials import and excise duties can deter the growth of the global industry in the forecasting years.
Opportunities:
- The flourishing hotel and restaurant business has generated new growth opportunities for the global industry.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 14.5 Billion |
| Projected Market Size in 2030 | USD 16.5 Billion |
| CAGR Growth Rate | 6.30% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | 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., and Messermeister, Inc. |
| Key Segment | By Manufacturing Process, By Cutting Edge, By Distribution Channel, By Size, By Application, By Price, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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Kitchen Knives Market: Segmentation Analysis
The global kitchen knives market is divided into manufacturing process, cutting edge, size, application, price, distribution channel, and region.
The cutting-edge segment of the kitchen knives market is sub-segmented into plain, granton, and serrated segments. Furthermore, the plain segment, which dominated the kitchen knives market in 2022, is predicted to register highest gains during the anticipated timeframe. The expansion of the segment over 2023-2030 can be due to use of plain kitchen knives in residential and commercial sectors as a result of its effective functions such as skinning, chopping, mincing, slicing, and dicing.
On basis of size, the kitchen knives industry across the globe is divided into 3-5 inches, 5-7 inches, 7-9 inches, and 9-12 inches segments. Moreover, the 5-7 inches segment, which dominated the segmental space in 2022, will continue to do so even during the estimated timespan. The segmental growth over the analysis timeline can be due to use of 5-7 inches of kitchen knives in kitchen actives of chopping, slicing, cutting, and dicing of big and small fruits & vegetables.
Based on the price, global kitchen knives market is divided into low, medium, and high segments. The low-price segment, which dominated the global market revenue in 2022, is set to record the fastest CAGR during the forecast timeframe. The growth of the segment in the forecasting years can be subject to massive use of the lowly priced kitchen knives due to its cost-effectivity.
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
Browse the full “Kitchen Knives Market By Manufacturing Process (Hand-Forged and Stamped Blades), By Cutting Edge (Plain, Granton, and Serrated), By Size (3-5 inches, 5-7 inches, 7-9 inches, and 9-12 inches), By Application (Residential and Commercial), By Price (Low, Medium, and High), By Distribution Channel (Direct Selling and Indirect Selling), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.” Report at https://www.zionmarketresearch.com/report/kitchen-knives-market
Competitive Landscape
Some of the main competitors dominating the global kitchen knives market include -
- 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.
Key Insights from Primary Research:
- According to the analysis shared by our research analyst, the Kitchen Knives market is likely to expand at a CAGR of around 6.30% during the forecast period (2023-2030).
- In terms of revenue, the Kitchen Knives market size was valued at around US$ 14.5 billion in 2022 and is projected to reach US$ 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 segme nt 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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Key questions answered in this report:
- What is the market size and growth rate forecast for Kitchen Knives industry?
- What are the main driving factors propelling the Kitchen Knives Market forward?
- What are the leading companies in the Kitchen Knives Industry?
- What segments does the Kitchen Knives Market cover?
- How can I receive a free copy of the Kitchen Knives Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Manufacturing Process, By Cutting Edge, By Distribution Channel, By Size, By Application, By Price, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
European Kitchen Knives market to grow the maximum revenue share during forecast period
The kitchen knives market in Europe is predicted to retain its market domination over the upcoming timeline. The expansion of the market in Europe can be credited to strong culinary traditions and large-scale product penetration in kitchen. In addition to this, a large number of European populations are allocating large amount of funds for manufacturing high-end kitchen knives for household use. Moreover, the escalating popularity of eco-friendly kitchen knives in Europe will enhance the growth of the regional market.
On the other hand, the kitchen knives industry in Asia-Pacific is slated to register the highest CAGR of 8.0% in the assessment period. The growth of the market in the region over the forecast timespan can be subject to rise in the easy availability of large number of food menus & growing popularity of cooking in the traditions of countries such as India, Japan, and China in Asia.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/kitchen-knives-market
Recent Developments
- In first half of 2019, Artisan Revere, a major producer of chef’s knife, introduced the Elmax knife which has length of 8.6 inches and can be used by chefs in cooking due to its smooth, even, and fast-cutting characteristics. The initiative will contribute majorly to the demand for kitchen knives in the forecasting years.
- In the first half of 2019, Colorado, a peak knife manufacturing company, introduced a 14ers knife made up of German steel. The strategic initiative is projected to account humungously towards the global kitchen knives market earnings in the years ahead.
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