Kitchen Knife Market Size, Share, Growth Analysis, By Material(Steel, Plastic, Titanium, and Others (Wood), By Application(Household, Commercial), By Size(3-6 inches, 6-8 inches, 9-10 inches, and 10-12 inches), By Cutting Edge(Straight, Granton, Serrated), By Distribution Channel(Online, and Offline), By Region - Industry Forecast 2024-2031

In 2021, the European region held the largest share in the global kitchen knife market. The increase in hotels that provide food to their visitors is a major factor in the rising demand for the goods. Data show that Europe continues to rank among the world's largest travel and hospitality markets, drawing equally as many leisure as business travelers. In Europe, over 340 new hotels debuted in 2020, and in 2021, there are forecast to be even more openings. The use of the product rises in the area that supports small companies, such as restaurants of various kinds since it is one essential item that they cannot live without. Additionally, the fierce competition among producers in this area leads to a variety of incentives being made to customers, which is also driving up consumption.

For example, with its above-average overall performance in the distinctive assessment process for the "Kitchen Innovation" award, the AJAX chef's knife by Friedr. Dick GmbH & Co was able to motivate both the expert panel and the audience of buyers. The AJAX was able to impress with its quality, functionality, and material quality, together with an appealing design and expected product characteristics. A very rare and valued prize was also given to the chef's knife: the "Golden Award - Best of the Best," which is given to the item with the best rating overall in its category.

Due to the increasing expansion of the tourism industry and the consequent rise in the number of food outlets, the Asia Pacific region is expected to experience substantial growth in the upcoming years. For instance, India has a total of 3 crore foodservice enterprises, excluding 55,000 hotels. The number of foodservice restaurants in India (4.2 million) is second only to those in China Mainland (9.3 million). This is further expected to boost the growth of the global kitchen knife market during the forecast period.