Knife Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, Japan, Germany, UK, China - Size and Forecast 2024-2028

Knife Market Size 2024-2028

The knife market size is forecast to increase by USD 753.1 million at a CAGR of 3.91% between 2023 and 2028.

• The market is witnessing significant growth due to several key trends. One of the primary drivers is the introduction of consumer kitchen knives with innovative features, such as ergonomic designs and improved sharpness retention. Safety and quality standards were essential for consumer kitchen products, particularly in food joints, restaurants, hotels, and modular kitchens. Another trend is the growing number of outdoor recreation and adventure activities, leading to increased demand for durable and versatile knives. Additionally, the increasing use of food processors and other kitchen appliances has resulted in a higher need for specialized knives to complement these devices. These factors, among others, are expected to fuel market growth In the coming years.

What will be the Size of the Knife Market During the Forecast Period?

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• The market encompasses a diverse range of products, including kitchen knives, such as chef's knives, paring knives, utility knives, bread knives, carving knives, cleavers, steak knives, kitchen shears, lettuce knives, and safety knives. These essential tools are crafted from various blade materials, including high carbon steel, and handle materials, catering to the unique demands of different culinary tasks. E-commerce platforms have significantly impacted the market, enabling global access to an extensive array of options. Brands offering red-label abrasives have gained popularity due to their affordability and accessibility. However, the market also includes a wide range of low-quality knives, necessitating consumer vigilance.
• Blade materials, such as high carbon steel, provide superior edge retention and durability. Handle materials, like plastic, wood, or metal, offer ergonomic designs for enhanced user experience. Function-specific knives, such as chiffonade knives, cater to specific culinary techniques, while safety knives and snap-off blades prioritize convenience and ease of use. A well-equipped kitchen typically includes a chef's knife, paring knife, carving knife, cleaver, steak knife, and lettuce knife, while it's advisable to avoid using low quality knives or semi retracting knives, as they can compromise safety and precision. The market reflects the diverse culinary traditions and practices of various food cultures, with Western food cultures favoring distinct knife designs for specific tasks. Overall, the market continues to evolve, driven by technological advancements and consumer preferences.

How is this Knife Industry segmented and which is the largest segment?

The knife industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Distribution Channel
  • Offline
  • Online
• Type
  • Fixed blade
  • Folding blade
  • Side slide
• Geography
  • Europe
    • Germany
    • UK
  • North America
    • US
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

By Distribution Channel Insights

• The offline segment is estimated to witness significant growth during the forecast period.

The market primarily consists of offline and E commerce distribution channels. Offline retail stores, including supermarkets, hypermarkets, and convenience stores, dominate the market due to consumers' preference for physically examining and purchasing knives before making a purchase. Major retailers sell a wide range of knives, catering to various consumer needs and budgets. E-commerce platforms are gaining popularity due to their convenience and accessibility, especially for specialized and hard-to-find knife types. The food service industry, including cafeterias, schools, colleges, work spaces, and food joints, is a significant consumer of knives.

Furthermore, the market includes various types, such as chef's knives, paring knives, utility knives, bread knives, carving knives, cleavers, steak knives, kitchen shears, lettuce knives, and various specialized knives. Blade materials, such as high carbon steel, and handle materials, like plastic, wood, and metal, are essential factors influencing the purchase decision. Safety knives, snap off blades, semi-retracting knives, and retractable knives are popular choices for industrial and commercial applications. The hospitality sector, wildlife service, and tourist activities also contribute to the market's growth. The market for kitchen knives is driven by factors such as ease of use, high control, durability, and convenience.

Designs and culinary traditions also play a role in consumer preferences.

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The Offline segment was valued at USD 2.56 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 33% 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.

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The European market held a significant share of the global market in 2023, driven by the preference for ergonomically designed, premium kitchen tools, including knives. Key European countries, such as Germany, the UK, France, and Italy, are major contributors to this market. The increasing popularity of high-end knives, which cater to safety and quality standards, fuels market growth In the region. Compliance with regulations, such as the European Union's Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), is essential for consumer kitchen products sold in Europe. Premium knife brands offer a range of kitchen essentials, including Chef's knives, Paring knives, Utility knives, Bread knives, Carving knives, Cleavers, Steak knives, Kitchen shears, Lettuce knives, and various other types, catering to diverse culinary needs.

These long-lasting and safe products are widely used in cafeterias, schools, colleges, workspaces, and various food service establishments, including restaurants, street food companies, and hotels. The flexibility, ease of use, and durability of these knives make them indispensable in both residential and commercial settings. Key materials for kitchen knife blades include high carbon steel and stainless steel, while handle materials range from plastic, wood, and metal. Safety knives, retractable knives, snap-off blades, and semi-retracting knives are also popular options. The market in Europe serves various sectors, including the foodservice industry, hospitality sector, and wildlife service, among others. It is influenced by cooking shows, celebrity chefs, and various culinary traditions. Online retail platforms have become a significant distribution channel for these products, making them easily accessible to consumers.

Market Dynamics

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.

What are the key market drivers leading to the rise In the adoption of Knife Industry?

The introduction of consumer kitchen knives with new features is the key driver of the market.

• The kitchen market is witnessing significant growth due to the increasing demand for ergonomically designed knives that offer high control and ease of use. These knives, featuring high carbon steel blades and comfortable handle materials, cater to various cooking needs such as chiffonade, carving, and slicing. The foodservice industry and hospitality sector are major consumers of kitchen knives, with cafeterias, schools, colleges, work spaces, and food joints being key buyers. The market is also expanding In the residential sector, with an increasing number of households investing in high-quality, long-lasting products for their modular kitchens.
• Safety knives, retractable knives, and snap-off blades are gaining popularity due to their convenience and safety features. Semi-retracting knives and utility knives are also in demand for their flexibility in performing different tasks. The market dynamics are influenced by factors such as evolving culinary traditions, changing consumer preferences, and the growing popularity of cooking shows featuring celebrity chefs. The availability of a wide range of designs, product features, and blade materials, including hand-forged and lightweight blades, further adds to the market's growth. E-commerce platforms have made it easier for consumers to purchase kitchen knives online.

What are the market trends shaping the Knife Industry?

The growing number of outdoor recreation and adventure activities is the upcoming market trend.

• The market caters to various industries, including households, food processing, and combat. In the foodservice industry and hospitality sector, knives are essential tools for preparing and serving dishes. Fixed-blade knives, such as Chef's knives, Cleavers, and Utility knives, are popular choices due to their high control, durability, and ease of use. These knives are widely used in cafeterias, schools, colleges, workspaces, and food joints, including restaurants and hotels. The demand for kitchen knives is driven by the convenience and flexibility they offer in various culinary traditions. For instance, a Chiffonade knife is ideal for making thin ribbons of lettuce or herbs, while a Bread knife is perfect for slicing through crusty loaves.
• Other types of knives, such as Paring knives, Steak knives, and Carving knives, cater to specific cutting requirements. The market for knives is expanding due to the rise of e-commerce and organized retail. Consumers now have easy access to high-quality knives, including those made from high carbon steel and hand-forged blades. Safety knives, retractable knives, snap-off blades, and semi-retracting knives cater to the safety concerns of both residential and commercial users. In the foodservice industry, the demand for long-lasting and safe products is crucial. Knives are an essential investment for businesses, and their quality significantly impacts the overall dining experience.

What challenges does the Knife Industry face during its growth?

Increasing use of food processors is a key challenge affecting the industry growth.

• The market faces a significant challenge due to the growing popularity of food processors In the food preparation process. Food processors, which include appliances for chopping, pureeing, shredding, dicing, mincing meat, kneading bread, and juicing, offer multiple benefits that may gradually replace kitchen knives for certain tasks. With the increasing number of working women worldwide and their time-constrained lifestyles, food processors have become increasingly popular for efficient food preparation. Knife manufacturers continue to innovate by offering a wide range of blade materials, including high carbon steel, and handle materials, ensuring ease of use, durability, and safety.
• In the foodservice industry and hospitality sector, knives remain a necessity for food joints, cafeterias, schools, colleges, work spaces, and hotels. Long-lasting and safe products are essential for these establishments, where the demand for high-quality knives is high. E-commerce platforms have made it convenient for consumers to purchase kitchen knives online, from brands and small-scale firms, offering a wide range of designs, product features, and price points. Knives continue to be an essential tool in Western food cultures, with celebrity chefs showcasing their expertise on cooking shows, emphasizing the importance of using high-quality knives for optimal results.

Exclusive Customer Landscape

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 knife market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, knife market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 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
• Wilh. Werhahn KG

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 industry 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.

Research Analyst Overview

The market encompasses a diverse range of products, each catering to various culinary needs and industries. Knives are essential tools In the food preparation process, with different types designed for specific tasks. These tools are utilized in various sectors, including the foodservice industry and the hospitality sector. High-quality knives are highly sought after for their ease of use, high control, and long-lasting nature. The materials used In the construction of knives, such as high carbon steel and various handle materials, significantly impact their performance and durability. E-commerce platforms have revolutionized the way consumers access and purchase knives. Online retailers offer a vast selection of knives, from chef's knives and paring knives to utility knives, bread knives, carving knives, cleavers, steak knives, kitchen shears, lettuce knives, and more.

Moreover, safety is a critical consideration In the market. Safety knives, snap-off blades, semi-retracting knives, and retractable knives are designed with safety features to minimize the risk of injury. These knives are particularly useful in workspaces and food joints, where multiple users may be handling the knives. The market caters to various industries and applications. In the foodservice industry, knives are used in cafeterias, schools, colleges, and hotels. Modular kitchens in large-scale firms and brand stores also require high-quality knives for their daily operations. The market also serves the residential sector, where knives are used for household usage and culinary traditions.

Furthermore, lightweight blades and designs that offer flexibility are popular choices for home cooks. The tourism industry also contributes to the market, with tourists seeking authentic culinary experiences often requiring knives for various food preparation tasks. Wildlife services and hobbyists also utilize specialized knives for their unique applications. The market offers a wide range of products, each designed to cater to specific culinary needs and industries. Factors such as ease of use, high control, durability, and safety are essential considerations for consumers and businesses alike. The market continues to evolve, with innovations and technologies driving growth and demand.

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What are the Key Data Covered in this Knife Market Research and Growth Report?

• CAGR of the Knife industry during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the knife market growth of industry companies

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