Kitchen Knives Market Analysis Report By Cutting Edge, By Manufacturing Process, By Application, By Size, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global kitchen knives market size was accounted for USD 1.17 billion in 2018. The market is expected to witness a CAGR of 8.6%, during the forecasted years. This can be attributed to the rising interest in cooking among the millennial population on exposure to reality shows like MasterChef, Top Chef, and Hell’s Kitchen. Moreover, the increasing popularity of cooking as a career choice is expected to fuel up the demand for kitchen knives.

Increasing preference for enhancing the visual appearance of different food dishes is also anticipated to boost the market demand in the upcoming years. In addition, the need for cutting uncommon shapes like chiffonade, brunoise, macedoine, and julienne is increasing continuously. Moreover, the products being launched by manufacturers with salient features are projected to fuel the market demand for kitchen knives over the forecast period.

For example, the Elmax knife launched by Artisan Revere in March 2019 was 8.6 inches in size and could be used by chefs due to its smooth, fast cutting and uniform properties. In addition, the Colorado 14ers knife launched by Peak Knife Company in April 2019 was made using 1.4116 German steel. The segment of stamped blade knives held the highest share exceeding 75% across the global market.

On the other hand, hand-forged knives are anticipated to register the fastest CAGR of 9.1% during the forecasted years. Moreover, Europe held the highest share across the global kitchen knives market. In addition Asia Pacific is anticipated to witness the fastest growth from 2019 to 2025.

Manufacturing Process Insights

In 2018, the segment of stamped blades held the highest share exceeding 75% across the global market. This can be attributed to their feature of flexibility and light-weight as compared to the rest of the segments. The segment of hand-forged knives is anticipated to register the highest CAGR in the upcoming years owing to its strength in the implementation of the forging process. In addition, these knives can be re-sharpened due to which they can be used for a longer duration thereby driving the market demand.

Application Insights

In 2018, the residential application segment held the highest share and is anticipated to register steady growth during the forecasted years, 2019 to 2025. This growth can be attributed to rising disposable income among the working population coupled with increasing awareness about the usage of such products in kitchens across developing countries like India and China.

On the other hand, the commercial application segment is expected to register the highest growth with a CAGR of 8.9% during the forecasted years owing to the increasing number of hotels and restaurants across the globe. In addition, hectic lifestyles and an increasing trend for eating junk foods are anticipated to fuel up the kitchen knives market demand in the upcoming years.

Size Insights

The kitchen knives can be segmented into various segments according to their sizes. The 5-7 inch sized knives held the highest share across the global market in 2018 due to its rising demand for residential applications. Such knives can be used for peeling fruits and vegetables, shrimps, garnishes, and the removal of jalapeno seeds. The segment of 7-9 inches is projected to witness the highest growth with a CAGR of 9.4% over the forecast period. As this segment includes Ham slicers and bread knives, their demand is going to rise significantly in the upcoming years.

Distribution Channel Insights

In 2018, the segment of convenience stores held the highest share exceeding 58.0% across the global market. This growth can be attributed to the increasing number of departmental, specialty, and company-owned stores across the developed and developing regions. Moreover, the need for physical verification of the product before making the purchase decision is anticipated to drive market growth in the upcoming years.

The online distribution channel segment is anticipated to register the fastest growth in the upcoming years. This can be associated with the rising influence of the internet and smartphones across the globe. In addition, the emergence of e-commerce platforms like Amazon, Alibaba, and E-bay is expected to pave way for the market growth for such products. Moreover, additional features like doorstep delivery, several payment options, and a hassle-free return policy are anticipated to fuel up the market growth in the upcoming years.

Cutting Edge Insights

The plain cutting edge segment held the highest share across the global market in 2018. This can be attributed to the increasing usage of such knives for household and commercial segments. Moreover, the rising popularity of knives with concave beveled shapes is expected to positively impact market growth.

The segment of serrated edged knives is anticipated to register the highest growth with a CAGR of more than 9.0% during the forecasted years, 2019 to 2015. This growth can be associated with increasing demand for knives across households across the globe coupled with its low pricing as compared to the rest of the segments. A knife with a round serrated edge named a wavy or scalloped knife is mainly used for slicing, bread, fruits, vegetables, sandwiches, and pizzas.

Regional Insights

In 2018, Europe held the largest share exceeding 25% across the global regional market. This region is anticipated to continue its dominance over the forecast period, 2019 to 2025. On the other hand, Asia Pacific is anticipated to register the highest growth with a CAGR of 9.8% in the upcoming years. This growth can be attributed to the rising popularity of hand-forged knives across countries like India, Myanmar, Bangladesh, and many other countries. Moreover, the popularity of specialty knives like the Japanese set of knives is increasing across countries like Japan and China.  

Kitchen Knives Market Share Insights

The market includes key players such as GLOBAL KNIVES, Friedr. Dick GmbH & Co.,Messermeister, Zwilling J. A. Henckels, Mercer Culinary, MASAMOTO, Wüsthof,  MAC Knife., and Victorinox. They are continuously engaged in product development and innovation. Additionally, they are implementing various marketing strategies like mergers, acquisitions, and alliances with regional distributors across developing countries like India and China.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global kitchen knives market report based on the manufacturing process, cutting edge, application, size, distribution channel, and region:

• Manufacturing Process Outlook (Revenue, USD Million, 2015 - 2025)
    • Hand Forged
    • Stamped Blades

• Cutting Edge Outlook (Revenue, USD Million, 2015 - 2025)
    • Plain
    • Granton
    • Serrated

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Household
    • Commercial

• Size Outlook (Revenue, USD Million, 2015 - 2025)
    • 3-5 Inches
    • 5-7 Inches
    • 7-9 Inches
    • 9-12 Inches

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Convenience Stores
    • Supermarkets & Hypermarkets
    • Online

•Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East and Africa
        • South Africa