Kitchen Knife Market Size, Share & Industry Analysis, By Material Use (Steel, Plastic, Titanium), By Application (Household, Commercial), By Size (3-6 Inches, 6-9 Inches, 9-12 Inches) and regional Forecast, 2024-2032

Kitchen knife is one of the most vital tool used for the preparation of a dish in a kitchen. Various advantages of the usage of this product as compared to regular knife include easy to use and have control over slicing, makes chopping efficient, and others. The growing number of people who took cooking as their career choice of work propel the increasing usage of the product. Additionally, the adoption of cafeteria in schools, colleges, and workplaces also helps to generate traction as it is one of the most essential cooking appliances. Moreover, manufacturers are keenly focusing on the products which are long-lasting, safer to use, and cost-efficient, which in turn boosts the consumption of kitchen knife. Likewise, the escalating adoption of street food all over the world also contributes to the elevating usage of the product as the stall owners often go for a robust and durable product as compared to a regular knife which doesn’t last long.

The increasing number of restaurants foster the growing demand of the product as most chefs preferred to use kitchen knife over a regular knife and this thus acts as a driving factor for the growth of the market. According to the National Restaurant Association data issued, 2020, there is an estimation of more than 1 million-plus restaurants in the United States. The innovative use of ceramic in the manufacturing of the knife also increases the consumption of the product owing to its capability to resist the effect of acidic or juice on its surface, its rust-proof, and having the ability to retain its sharpness for a longer period than other types of material.  For instance, Shenzhen Knives Kitchen 3-piece ceramic knife which comes with a premium​ ​lightweight​ ​knives, non-rusting​ ​blades, and unique​ ​comfort​ ​handles. Additionally, the growing popularity of cooking reality shows such as Master Chef, Hell's Kitchen, The Chef Shows, and others influence more people in cooking and thus assist to boost the consumption of the product.

However, the increasing cost of natural resources for the production of kitchen knife such as iron, bronze, copper, brass, and others act as a restraining factor for the market growth. 

Key Market Driver -

The escalating number of restaurants act as a driving factor for the market growth.

Key Market Restraint -

The rising cost of natural resource act as a hampering factor for the market growth

Key Players Covered:

Zwilling J. A. Henckels, Wüsthof, Messermeister, Global-Knife, Shun Cutlery, Kitchen Knife Guru, Kai USA Ltd., MAC Knife are the key players functioning in the kitchen knife market.

The kitchen knife market is fragmented into by material use, by application, by size, and by geography.

Based on material use, the market is segmented into steel, plastic, and titanium. Steel is projected to be the largest market shareholder owing to its abundant presence the cost of the material is lesser as compared to titanium and also it is considered to be durable and long-lasting than a plastic knife.

By application, the market is grouped into household and commercial. Household is estimated to be the larger market shareholder due to the consideration of kitchen knife as one of the most crucial item which majority of household is estimated to possess and thus this results to have larger number of demand as compared to the commercial segment. For instance, according to a well trusted  Australian online media company The Conversation Media Group, March 2018, estimated that on average the global 3 person household is estimated to be 1.2 billion homes. This thus indicates that there are larger numbers of households as compared to commercial places such as restaurants, hotels, or food outlets.

Based on size the market is segmented into 3-6 inches, 6-9 inches, and 9-12 inches. 6-9 inches segment is projected to be dominating segment owing to possessing lightweight while still comfortable enough to cut through various kinds of food items.

Regional Analysis:

On the basis of region the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Europe is anticipated to be the dominating region and is expected to continue during the period of 2020-2027. The growing number of hotels serving their guest with food plays a crucial role for the increasing demand of the product. According to the data issued by Howarth HTL ‘Europe Chain & Hotel Report 2018’, the number of hotel chain in different parts of Europe are UK 3,520, Netherlands 663, Germany 2,078, France 3,816, Spain 2,453, and Italy 1,488. The region promoting small businesses such as café, bakery, and food dining outlets of different types also increases the consumption of the product as it is one of the significant tool which they cannot live without. Additionally, manufacturers in this region having intense competition results in providing different offers to the consumers which is also leading to an increase in consumption.

The Asia Pacific is projected to exhibit a significant development during the coming years owing to the rising growth of tourist industry receiving large number of visitors from different places of the world increases the number of food outlets. For instance, according to the data published by the Nation Thailand, Oct 2018, the top 5 most visited countries in Asia comprises of China, Thailand, Malaysia, Japan, and India. And this thus acts as a flourishing factor for the escalating demand of the product. The rising number of department stores, convenient stores, supermarkets, and others offering wide range of kitchen knife to their consumers also boost the market growth. Additionally, the rising number of fast-food outlets in this region also plays a crucial role for the growing consumption of the product.

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Segmentation

Key Industry Developments-

• In January  2020, British cutlery brand Viners announced the launch of a new collection of kitchen knives. This knife is a new generation of kitchen knife which comes with safety front but still response well to daily food preparation needs.


• In March 2020, JRL Group declared licensing partnership with Brand Partners Group to advance and market a line of kitchen gadgets including kitchen knife through the Ginsu brand.