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The Consumer Kitchen Knife Market size is forecast to increase by USD 1.11 billion, at a CAGR of 7.94% between 2023 and 2028. Market expansion is propelled by several factors, notably the introduction of consumer kitchen knives with new features, which cater to evolving culinary needs. Increasing interest in culinary activities boosts the demand for kitchen knives, while the growing preference for premium-quality products further drives market growth. These dynamics reflect shifting consumer preferences towards innovative and high-quality kitchen tools, influencing market trends and driving manufacturers to enhance their product offerings to meet evolving demands. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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The market offers a diverse range of options catering to various needs, from general-purpose knives to specialized tools like the cleaver and serrated utility knife. These knives come in a variety of materials, including ceramic and powdered steel, with options for hand-forged blades or stamped blades. With considerations for both aesthetic appeal and efficiency in chopping and slicing, they are popular choices not only in households but also in restaurants, cafeterias, and workplaces. Manufacturers continue to innovate to meet the demands of street food vendors and commercial kitchens alike. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing culinary interest is the key factor driving the market. There is an increasing preference and demand for affordable products in kitchen tools, including knives due to the increasing interest of people in cooking and culinary arts. Different types of knives including chef's knife, paring knife, bread knife are gaining movement due to rising cooking shows. Additionally, several consumers are increasingly investing in high-quality kitchen tools that improve their cooking experience and help them achieve better results.
Moreover, there is an increasing demand for premium and professional-grade consumer kitchen knives. Further, manufacturers of high-quality kitchen knives cater to diverse needs, ensuring efficient chopping and slicing not only in culinary settings but also in educational institutions such as schools and colleges. Additionally, there is a growing awareness among various cuisines and cooking techniques which has led to consumers constantly seeking specialized knives that cater to specific cutting tasks. Hence, such factors are expected to drive market growth during the forecast period.
The emergence of dishwasher-safe knives is the major challenge that affects market expansion. There have been rapid changes in the consumer lifestyle which fuelled the usage of dishwashers. It is expected that the market to grow by 6%. As a result, several consumers have started seeking kitchen knives that can be used in dishwashers. Moreover, the main disadvantage regarding kitchen knives usually have wooden or plastic handles that cannot withstand such high heat and temperature.
As a result, several market players are launching consumer kitchen knives that are safe to use in dishwashers. For instance, Victorinox AG, and WUSTHOF, among others, sell dishwasher-safe consumer kitchen knives. Hence, such factors are expected to drive market growth during the forecast period.
The presence of counterfeit and low-quality products is one of the key challenges hindering market growth. Most of the counterfeit products in the market are of low quality and may not meet safety standards which can lead to significant risk to consumers during usage. In addition, if the blades of these product brakes or handles detach can result in accidents in the kitchen. Hence, the presence of these counterfeit products can damage the reputation of the industry thereby affecting the confidence of consumers in the industry.
Moreover, the increasing purchase of poor-quality knives can result in dissatisfaction, eroding consumer trust and making them hesitant to invest in higher-quality products. Furthermore, several counterfeit products can negatively impact the market by diverting sales away from genuine, reputable brands, leading to revenue loss and potentially hindering innovation and quality improvements. Hence, such factors are hindering market growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
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 report also includes detailed analyses of the competitive landscape of the market and information about 24 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 offline segment is estimated to witness significant growth during the forecast period. There is an increasing preference for purchasing consumer goods through offline retail stores, such as convenience stores, supermarkets, and hypermarkets which is significantly contributing to the market growth. The offline retail stores significantly contribute to the growth of the kitchenware including consumer kitchen knives.
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The offline segment was the largest segment and was valued at USD 1.72 billion in 2018. Further, offline segment offer various brands and categories of kitchenware, such as kitchen knives, thereby enabling consumers to choose products based on their needs and budgets. Some of the prominent retailers in the offline distribution segment that offers consumer kitchen knife include Walmart Inc. (Walmart), Tesco PLC (Tesco), Costco Wholesale Corp (Costco), and Carrefour SA (Carrefour). Additionally, these offline retailers are opening new stores in international markets which is positively impacting the growth of the segment. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is poised for growth, fueled by increasing urbanization and disposable income levels. As incomes rise, consumers are prioritizing convenient and high-quality kitchen tools, including durable knives. Moreover, the popularity of Western cuisine in the region is driving demand for versatile knives suited to various culinary techniques. The expanding e-commerce sector further facilitates access to a wide range of kitchen knives, catering to diverse culinary traditions and changing lifestyles in APAC.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market offers a diverse range of options tailored to culinary enthusiasts' needs. With serrated blade options like Santoku and paring knives, alongside traditional plain blades, consumers can choose based on their preferences. Titanium and high-carbon stainless steel ensure durability, while ergonomic handles prioritize comfort during prolonged use. Chromium content enhances corrosion resistance, crucial for both residential and commercial purposes. With online segments and direct selling channels, acquiring high-quality kitchen appliances and tools has become more accessible, revolutionizing modern kitchens.
Additionally, kitchen knives manufacturers offer a variety of blades, including serrated and granton blades, meeting different cutting needs and preferences in households and professional culinary settings. In addition, the market offers a plethora of choices to cater to diverse culinary needs. From classic steak and table knives to specialized blades like Santoku and Nakiri knives, each designed for specific tasks like skinning, mincing, and dicing. With advanced materials such as high carbon steel and ceramic, alongside ergonomic designs and innovative features like heat hardening, these knives ensure efficient chopping & slicing. Available through indirect selling channels and online segments, they meet the demands of both homemakers and professional chefs in the catering industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.94% |
Market growth 2024-2028 |
USD 1.11 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.86 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Cuisinart, Fallkniven AB, Fiskars Group, Ginsu, Hamilton Beach Brands Holding Co., Hampton Forge, HexClad Cookware, JAYDEEP INDUSTRIES, Kai Corp., Kyocera Corp., Lifetime Brands Europe B.V., Messermeister Inc., NAKANO KNIVES, Our Place, Royal Kitchenwares LLP, Groupe SEB, Spyderco Inc., The Oneida Group Inc., TTK Prestige Ltd., Victorinox AG, W.M. BARR Co. Inc., Wilh. Werhahn KG, Williams Knife Culinary, and WUSTHOF |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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 Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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