What is the Global market size of the Kitchen Knife Market?

Global Kitchen Knife Market size was valued at USD 1.57 billion in 2021 and is poised to grow from USD 1.76 billion in 2022 to USD 4.12 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).

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

Report ID: SQSG25I2001 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 145 | Figures: 68

Kitchen Knife Market News

In June 2022, the steak and table knife from Friedr. Dick GmbH & Co. KG wins praise from both expert juries and customers. The PURE METAL AJAX has won the Kitchen Innovation Award and the Red Dot Award Product Design 2022. The Red Dot Award is one of the largest design contests in the world, receiving up to 20,000 submissions from 60 different nations. The prestigious Red Dot Award is recognised as the pinnacle of design excellence on a global scale. The 48 worldwide judges for the Red Dot awards pool their combined knowledge in design from their previous positions as lecturers, consultants, designers, or journalists.
In June 2022, the most recent entry in Friedr. Dick's Red Spirit Series was announced. You have the ideal all-purpose chef's knife with a 15 cm long blade. Some home cooks just find it difficult to use the large blade of a traditional chef's knife to slice little fruit or vegetables with fine texture into julienne or cubes. However, the blade's breadth is frequently employed. A paring or peeling knife is needed, yet both are far too tiny, thin, or curved. The Santoku is overly huge and incongruous in some way. The new, 15 cm long Red Spirit Chef's Knife with a small handle is ideal for this situation.

Kitchen Knife Market Report Snapshots

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Global Kitchen Knife Market size was valued at USD 1.57 billion in 2019 and is poised to grow from USD 1.76 billion in 2023 to USD 4.12 billion by 2031, growing at a CAGR of 11.2% in the forecast period (2024-2031).

Global kitchen knife market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'Zwilling J.A. Henckels AG', 'Wüsthof Dreizackwerk KG', 'Victorinox AG', 'Kai Corporation', 'Fiskars Corporation', 'MAC Knife Inc.', 'Global Knives', 'Shun Cutlery', 'Mercer Tool Corp.', 'Dexter-Russell Inc.'

The kitchen knife market is driven by a number of factors, including the rising introduction of cutting-edge products, the popularity of reality television programs that have revitalized the cooking world, such as Master Chef, Top Chef, Hell's Kitchen, Iron Chef, and Chopped, and the rising demand for food due to rising disposable income. Additionally, throughout the projected period, there will be more chances for the global market due to the increase in restaurants and eateries.

Because ceramic can withstand the effects of acidic or juice on its surface, is rust-proof, and can maintain its sharpness for a longer amount of time than other types of material, it is an innovative material that promotes the consumption of the product. For instance, Shenzhen Knives Kitchen 3-piece Ceramic Knife has non-rusting blades, distinctive comfort grips, and superior lightweight knives. Additionally, when culinary reality shows like Master Chef, Hell's Kitchen, The Chef Shows, and others gain popularity, more people start cooking, which helps to increase the product's consumption.

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.

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Kitchen Knife Market News

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