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The Knife Market size is projected to increase by USD 811.3 million and the market size is estimated to grow at a CAGR of 4.32% between 2022 and 2027. The market's growth is propelled by various factors, notably the introduction of consumer kitchen knives with innovative features, a surge in the number of restaurants, and heightened demand for high quality knives. Moreover, the market's trajectory is shaped by increased utilization of food processors, elevated costs of natural resources, and intense competition from unorganized players. The advent of consumer kitchen knives with innovative features caters to evolving consumer preferences for efficient and versatile cooking tools. Furthermore, the burgeoning restaurant industry fuels the demand for professional-grade knives to meet the needs of commercial kitchens. However, challenges such as elevated natural resource costs and competition from unorganized players underscore the need for market players to innovate, streamline operations, and differentiate their offerings to maintain a competitive edge.
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The global market encompasses a wide range of products, including kitchen knives, such as Chef's knife, Paring knife, Utility knife, Bread knife, Carving knife, Cleavers, Steak knife, Kitchen shears, Lettuce knife, and specialized knives like Chiffonade knives. These knives are available in various blade materials, primarily high carbon steel, and handle materials. Major manufacturers and suppliers, such as Red Label Abrasives and Shenzhen Knives, dominate the e commerce sector of the knife market. They offer a diverse range of knives catering to Western food cultures. Safety knives, snap off blades, and semi-retracting knife are also popular choices for commercial and household use. The market is segmented based on blade materials, handle materials, and knife types. High carbon steel is a preferred blade material due to its durability and edge retention. Handle materials like plastic, wood, and metal provide a comfortable grip and enhance the overall appearance of the knives. Low-quality knives, despite being affordable, often compromise on blade sharpness and durability, leading consumers to invest in high-quality knives for long-term use.
The introduction of consumer kitchen knives with new features is the key driver for the growth of the market. The kitchen market experiences continuous growth due to the introduction of new ergonomically designed knives. These innovations include high carbon steel blades for superior sharpness and ease of use. Consumers prioritize factors such as knife weight, handle grip, and blade materials for optimal performance. Brands like Shenzhen Knives and Red Label Abrasives cater to this demand. E-commerce platforms facilitate access to a wide range of knives, including Chef's knives, Paring knives, Utility knives, Bread knives, Carving knives, Cleavers, Steak knives, Kitchen shears, Lettuce knives, and more. Safety knives, snap-off blades, and semi-retracting knives are popular choices for the foodservice industry and hospitality sector. High-quality knives made from premium materials like high carbon steel are preferred over low-quality alternatives. Western food cultures have influenced the popularity of advanced kitchen tools, leading to an increase in online retail sales. Wildlife services and cooking shows featuring celebrity chefs further promote the use of specialized knives like retractable knife, fixed knife, snap off knife, folding knife, carpet knife, and hobby knife. Ergonomic designs, ease of use, and high control are essential considerations for various establishments, including cafeterias, schools, and institutions. Handle materials and blade materials play crucial roles in ensuring safety and functionality. Hence, these launches of knives will increase the demand for knives, driving the growth of the global market during the forecast period.
The growing number of outdoor recreation and adventure activities is the primary trend in the global knife market. The market encompasses various industries, including households, food processing, and combats. High-quality kitchen knives, such as Chef's knives, Paring knives, Utility knives, Bread knives, Carving knives, Cleavers, Steak knives, Kitchen shears, Lettuce knives, and others, are essential in the catering, restaurant, and fast-food sectors. The foodservice industry and hospitality sector's growth contributes to the market expansion. Key players include Shenzhen Knives and Red Label Abrasives, offering knives made of high carbon steel and diverse handle materials. E-commerce platforms and online retail have increased accessibility to these tools. Blade materials and handle materials are crucial factors in knife selection. Safety knives, snap-off blades, semi-retracting knives, and retractable knives cater to various user needs. The market serves various industries, including the foodservice industry, hospitality sector, wildlife service, and hobbyists. Western food cultures and cooking shows featuring celebrity chefs have popularized the use of high-performance kitchen knives for ease of use and high control. Hence, these factors are in the trend that will drive the market during the forecast period.
Increasing use of food processors is the major challenge for the growth of the market. The global market faces a significant challenge due to the growing popularity of food processors for food preparation tasks. Kitchen knives, such as Chef's knives, Paring knives, Utility knives, Bread knives, Carving knives, Cleavers, Steak knives, Kitchen shears, Lettuce knives, and others, are being reconsidered in favor of food processors for chopping, slicing, and dicing. High carbon steel blades from brands like Red Label Abrasives offer superior edge retention, but the convenience and efficiency of food processors are increasingly appealing to time-pressed individuals, particularly the growing female workforce (39.2% in 2021). E-commerce platforms have made it easier to access various knife types, including Shenzhen Knives, and blade and handle materials. However, the foodservice industry, hospitality sector, and Western food cultures continue to rely on knives for their ease of use, high control, and specific functions. Safety knives, snap-off blades, semi-retracting knives, and retractable or folding knives cater to various needs. The market includes a range of knife types, from carpet knives and hobby knives to specialized knives for the wildlife service and cooking shows featuring celebrity chefs. Hence, the rising usage of food processors for dicing, mincing, chopping, and slicing will restrict the growth of the global market during the forecast period.
The market share growth by the offline segment will be significant during the forecast period. The market is primarily driven by offline sales channels, with kitchen knives being the most popular category. Red Label Abrasives and other high-quality brands use materials like high carbon steel for their knives, which are widely available at offline retailers such as convenience stores, supermarkets, and hypermarkets. Major retailers, including Walmart, Tesco, Costco, and Carrefour, sell various types of knives, including chef's knives, paring knives, utility knives, bread knives, carving knives, cleavers, steak knives, kitchen shears, lettuce knives, and safety knives.
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The offline segment was valued at USD 2.53 billion in 2017 and continued to grow until 2021. Blade materials and handle materials vary, catering to diverse consumer needs and preferences. The foodservice industry and hospitality sector are significant buyers of knives. E-commerce platforms are also gaining traction, offering a wide range of knives from Shenzhen Knives and other manufacturers. Online retail has been influenced by cooking shows, celebrity chefs, and the convenience they provide. However, low-quality knives are still prevalent in Western food cultures, particularly in cafeterias, schools, and other institutional settings. Wildlife services and hobbyists also utilize specialized knives, such as retractable, fixed, snap-off, and folding knives. Hence, these factors will enable the growth of the global market during the forecast period.
The market is categorized based on types, including fixed blade, folding blade, and side slide sub-segment.
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The European market experienced significant growth in 2022, with a focus on long-lasting products. Key countries, including Germany, the UK, France, and Italy, led the market due to the high demand for ergonomically designed premium kitchen tools. Colleges and work spaces prioritized convenience and flexibility, favoring lightweight bladest, stamped blades. Safety and quality standards were essential for consumer kitchen products, particularly in food joints, restaurants, hotels, and modular kitchens. Tourist activities and brand stores showcased traditional hand forged blades, while small scale firms emphasized product features and culinary traditions. REACH regulations ensured compliance with safety standards for all knives used in household and commercial settings. Thus, the rising interest in blades in Europe will essentially fuel the development of the worldwide blade market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market growth and forecasting research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market is a significant and dynamic industry, encompassing a wide range of products and catering to diverse consumer needs. This market is driven by several factors, including the growing demand for convenience and versatility in food preparation, increasing popularity of outdoor activities, and the rising trend of collectible knives. Key players in the market include Chef, Carbon, Lever, Abrasives, Sharp, Steak, Kitchen, China, Knives, Carbon, Sharpening, Cleaver, Serving, Ceramic, and Chef's. These companies focus on innovation, quality, and customer satisfaction to maintain their competitive edge. The market is segmented into various categories based on type, material, application, and end-user.
Moreover, the most popular types include Chef's knives, Pairing knives, and Cleavers. Materials used include Stainless steel, Ceramic, and Carbon. Applications include Food preparation, Outdoor activities, and Collectibles. End-users include Households, Foodservice establishments, and Industrial sectors. The market is expected to grow steadily due to increasing consumer awareness, technological advancements, and changing consumer preferences. Factors such as the rise of online sales channels, growing popularity of home cooking, and the increasing trend of gourmet food are also contributing to the market's growth. In conclusion, the market is a thriving industry with significant potential for growth. Companies in this sector must focus on innovation, quality, and customer satisfaction to stay competitive and meet the evolving needs of consumers.
Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.32% |
Market growth 2023-2027 |
USD 811.3 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.5 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 30% |
Key countries |
US, Japan, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Apex Tool Group LLC, Bettcher Industries Inc., Dexter Russell, Friedr. Dick GmbH and Co. KG, Gerber Gear, Hyde Group Holdings Ltd., Kai Corp., Klein Tools Inc., MAC Knife Inc., Messermeister Inc., Morakniv AB, Olfa Co. Ltd., Pacific Handy Cutter Inc., Q.E.P. Co. Inc., Stanley Black and Decker Inc., Techtronic Industries Co. Ltd., TOJIRO Co. Ltd., U.S. Blade Manufacturing Co., Victorinox AG, and Wilh. Werhahn KG |
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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