Kitchen Knives Market Size Report and Industry Analysis to 2030

The kitchen knives market is expected to grow from US$ 1,058 million in 2022 to US$ 1,394 million by 2030; it is expected to record a CAGR of 3.5% from 2022 to 2030.

Market Insights and Analyst View:

The kitchen knives market is projected to be driven by people's augmented interest in cooking, the extending popularity of cooking shows and social media, transforming consumer preferences, and increasing demand for premium and innovative products in consumer goods such as kitchen tools, including kitchen knives. Moreover, advancing disposable income increased demand for premium and innovative products. Consumers are inclined to spend better on high-quality kitchen knives with exceptional performance, durability, and comfort. Knives are crucial kitchen tools that offer myriad advantages over regular knives, such as ease of use, efficient chopping & slicing, and adequate control. The growing number of people choosing cooking as a career and embracing cafeterias in schools, colleges, and workplaces have contributed to the increasing usage of kitchen knives. Kitchen knives manufacturers even focus on producing long-lasting, safer, and affordable products, expanding sales of kitchen knives. The increasing popularity of street food and the growing number of restaurants have also fueled demand for kitchen knives, with many chefs picking to use them over traditional knives.

Growth Drivers and Challenges:

The global kitchen knives market has witnessed a significant surge due to increased launches and rising demand for novel shapes and sizes in kitchen knives. The demand for kitchen knives with novel shapes and sizes is fueled by the desire for versatility and efficiency in the kitchen. Consumers are now experimenting with international cuisines, fusion cooking, and intricate food presentation, which require specialized knives designed for specific tasks. For example, unique blade shapes like santoku knives from Japan or nakiri knives for precise vegetable slicing have gained popularity outside their countries of origin. Similarly, compact-sized paring and utility knives are sought for delicate tasks, highlighting the need for a diverse range of kitchen knives in different shapes and sizes to accommodate various culinary techniques.

Manufacturers in the kitchen knives market are responding to this demand by investing in research and development to create innovative designs that enhance functionality and provide aesthetic appeal. Customization has also become a trend, with consumers opting for personalized kitchen knives tailored to their preferences. This trend is driving collaborations between renowned chefs and knife manufacturers, creating signature knife collections. Such collaborations not only elevate the culinary experience but also attract consumers who admire and trust the expertise of these culinary masters.

Furthermore, as the demand for diverse and innovative kitchen knives continues to rise, the market has become increasingly competitive. Manufacturers constantly strive to outdo each other by introducing new designs, ergonomic handles, and advanced materials such as high-carbon stainless steel or Damascus steel, known for their durability and sharpness. Adherence to stringent quality standards and certifications has also become pivotal for gaining consumer trust. Brands such as Masamoto Sohonten Co., Ltd., Mercer Culinary, Messermeister, Victorinox, WÜSTHOF, and Fiskars Group that focus on producing high-quality, reliable, and aesthetically appealing kitchen knives are likely to maintain a competitive edge in the global kitchen knives market. Therefore, all the factors mentioned above fuel the growth of the global kitchen knives market.

Strategic Insights

Report Segmentation and Scope:

The "Global Kitchen Knives Market" is segmented based on type, distribution channel, and geography. Based on type, the kitchen knives market is segmented into chef's knives, santoku knives, paring knives, bread knives, and knife sets. The global kitchen knives market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others based on distribution channels. The kitchen knives market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Chile, and the Rest of South & Central America).

Segmental Analysis:

Based on type, the kitchen knives market is segmented into chef's knife, santoku knife, paring knife, bread knife, and knife sets. Chef's kitchen knives are widely employed for residential as well as commercial purposes owing to their enormous scope of functionality, such as chopping, skinning, slicing, mincing, and dicing. Plain-blade chef's kitchen knives are broadly used by homemakers, chefs, and other food makers. On the other hand, the knife set segment is expected to show the fastest growth rate during the forecast period. The prompt growth of the segment can be attributed to various components, such as a variety of knives in a single set, affordability, low maintenance in terms of sharpening, and broad application scope in cutting several food products with different stiffness levels, such as bread, tomato, and other foods. Hence, all the above-mentioned factors drive the chef's segment, thereby propelling the growth of the kitchen knives market.

Regional Analysis:

Based on geography, the kitchen knives market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa (MEA). Europe dominated the global kitchen knives market. Europe is the prominent region across the global kitchen knife market in 2022 and accounted for a significant overall revenue share. The European kitchen knives market is primarily driven by the region's substantial culinary practices and heightened demand for high-quality kitchen appliances and tools. Considerable European consumers are keen to invest in high-end kitchen knives for experienced and home use, further surging the market growth in the region.

Moreover, the rising popularity of cooking shows and culinary tourism in the region contributed to the rising product sales. The region's focus on sustainability and eco-friendliness drives the expansion of innovative kitchen knife materials such as high-carbon stainless steel, a laminate of carbon and steel metals, or ceramic designs that are environment-friendly and more sustainable. The Asia Pacific is expected to account for the fastest kitchen knife market growth. This is due to the growing tourism initiative, the rising number of food outlets, cafes, and hotels, and the rising easy availability of kitchen knives in residential houses. The tourism sector in the Asia Pacific has been undergoing rapid growth for the past few years, with multiple visitors coming from different parts of the world to explore the region's myriad cultures and cuisines. This factor resulted in increased food outlets, including hotels, restaurants, and cafes, further driving product demand, such as kitchen knives. In addition, the increasing number of fast-food outlets in Asia is essential in the growing demand for kitchen knives. Fast-food cafes need efficient and durable kitchen tools for food preparations, and kitchen knives are one of the essential tools for their daily operations during cooking, which drives the kitchen knives market growth.

Industry Developments and Future Opportunities:

Various initiatives taken by the key players operating in the kitchen knives market are listed below:

1. In February 2022, Klein Tools partnered with Trade Hounds, a social web platform for skilled tradespeople in the US; through this partnership, Klein Tools strives to join with skilled trade employees. As part of the partnership, Klein Tools shared educational resources and career opportunities with Trade Hounds members while also delivering feedback on the development of new products based on the needs of employees.
2. In March 2019, Artisan Revere launched its new knife, i.e., 'The Elmax knife,' which was 8.6 inches long and specially designed for chefs due to its smooth, fast-cutting, and consistent properties. Artisan Revere crafts their knives using industrial-quality Elmax Super Steel.
3. In April 2019, Peak Knife Company launched a Colorado 14ers knife made with 1.4116 German steel. The 8-inch, triple-riveted, full-tang wood knife handle was designed for chopping veggies. Also, the knife highlighted eight Colorado 14ers; from tip to support, the knife indicated the profile, name, and height of Princeton, pikes, maroon bells, Bierstadt, Evans, greys, torreys, and longs.

COVID-19 Impact:

The COVID-19 pandemic affected economies and industries in various countries. Travel bans, lockdowns, and business shutdowns in leading countries such as North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) negatively affected the growth of various industries, including the consumer good in the kitchen appliances and tools category. The shutdown of manufacturing units disturbed global supply chains, delivery schedules, manufacturing activities, and sales of essential and nonessential products, including cutting boards, whisks, peelers, kitchen knives, measuring spoons, and other tools. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. In addition, the bans imposed by various governments in Europe, Asia, and North America on international travel forced the companies to put their collaboration and partnership plans on a temporary hold. All these factors hampered the consumer goods industry in 2020 and early 2021, restraining the kitchen knife market's growth.

Competitive Landscape and Key Companies:

Friedr. Dick GmbH and Co. KG, GLOBAL KNIVES, KAI USA LTD., MAC Knife, Masamoto Sohonten Co., Ltd., Mercer Culinary, Messermeister, Victorinox, WÜSTHOF, and Fiskars Group are among the prominent players operating in the global kitchen knives market. These kitchen knives manufacturers offer a modern and hi-tech variety of products in kitchen appliances and tools categories with innovative features to deliver a superior experience to consumers.

REGIONAL FRAMEWORK

Kitchen Knives Market Report Analysis

MARKET PLAYERS

Kitchen Knives Market Report Scope

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