Knife Market Size, Share, Growth Analysis, By Delivery(Web-based (On-demand), Licensed Enterprise (On-premises), Cloud-based (SaaS)), By Product(Software, Services), By Deployment(Enterprise-wide CTMS, On-Site CTMS), By End User(Large Pharma-biotech Companies, Small & Mid-sized Pharma-biotech Companies, Medical Device Manufacturers, Contract Research Organization (CROs)), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Knife Market size was valued at USD 4.30 billion in 2022 and is poised to grow from USD 4.54 billion in 2023 to USD 7.27 billion by 2031, growing at a CAGR of 6.18% in the forecast period (2024-2031).

The global knife market has seen tremendous growth in recent years, driven primarily by the increasing demand for high-quality knives in the food and hospitality industry. Professional chefs and home cooks alike are looking for knives that are not only sharp but also durable and easy to use. The rise of cooking shows and food blogs has also contributed to the growth of the market, as consumers are more interested in experimenting with different cuisines and techniques. This has led to a surge in demand for specialized knives such as chef's knives, paring knives, and bread knives. Another factor driving the growth of the global knife market is the growing trend of outdoor activities such as camping, hiking, and hunting. Knives are a versatile tool that can be used for a variety of tasks such as cutting rope, preparing food, and building a shelter. This has led to an increased demand for multi-purpose knives that can be used in outdoor settings. As a result, manufacturers are now offering knives specifically designed for outdoor activities, with features such as serrated edges, saw blades, and ergonomic handles. The availability of knives in different shapes, sizes, and materials has also contributed to the growth of the market. Consumers can now choose from a wide range of knives made from different materials such as stainless steel, ceramic, and carbon steel. Knives are also available in different shapes and sizes, making them suitable for a variety of tasks. This has led to a rise in demand for knives not only in the food and hospitality industry but also in other sectors such as construction, fishing, and hunting.

Overall, the global knife market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for high-quality knives in various sectors. Manufacturers are likely to continue innovating and offering knives with new features and materials, further expanding the market. The availability of knives in different shapes, sizes, and materials will continue to be a key factor driving the growth of the market, as consumers seek out knives that meet their specific needs and preferences.

US Knife Market is poised to grow at a sustainable CAGR for the next forecast year.