Global Kitchen Knives Market by Manufacturing by Process (Hand Forged and Stamped Blades), Cutting Edge (Plain, Granton, and Serrated), Size (3-5 Inches, 5-7 Inches, 7-9 Inches, and 9-12 Inches), Price (Low, Medium, and High), Distribution Channel (Direct Selling and Indirect Selling), Application (Residential and Commercial), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032

Kitchen Knives Overview

Kitchen knives are piece of equipment used for both preparing and cooking food. They are made of different materials and have different shapes, sizes, and functions. The chef's knife has a broad blade and a curved edge, making it a multifunctional, all-purpose knife. It is used for chopping, slicing, dicing, and mincing, and is typically 6 to 12 inches long. Any cook should own this knife, since it is the workhorse of the kitchen. Paring knives typically have a short, narrow blade, which is 3–4 inches long. These knives are perfect for complex jobs like peeling, trimming, and precision cutting. For delicate tasks, paring knives provide exceptional control and manoeuvrability.

Global Kitchen Knives Market Analysis

The global kitchen knives market size was $1.8 billion in 2022 and is predicted to grow with a CAGR of 11.4%, by generating a revenue of $5.2 billion by 2032.

COVID-19 Impact on Global Kitchen Knives Market

During the COVID-19 pandemic people started cooking at home as their major method of meal preparation due to lockdown and restaurant closures in many regions of the world. The demand for kitchen tools, especially knives, surged as a result of the growing emphasis on cooking at home. As a result, the market for kitchen knives saw higher sales and greater consumer interest during the pandemic period.

Even after COVID-19, the increasing interest in home cooking that surfaced during the pandemic is likely to persist. Many people have found a love for cooking and learned new culinary techniques. The demand for kitchen knives will be driven by this ongoing interest as people look for high-quality instruments to improve their cooking experiences.

Increasing in the Number of Culinary Enthusiasts to Drive the Market Growth

The demand for kitchen knives has been fuelled by the surge in culinary enthusiasts and hobbyists who enjoy experimenting with cooking methods and trying out new recipes. People are now willing to spend more money on expensive and specialized cutlery to attain accurate cuts and expert-level results. Besides, people have been forced to stay at home and make their meals more regularly because to the COVID-19 epidemic and the ensuing lockdown procedures.

Price Sensitivity to Restrain Market Growth

Despite the desire for premium kitchen knives, price sensitivity continues to be a major barrier. When there are more reasonable solutions available, some customers might be hesitant to purchase pricey knives. The growth potential of high-end kitchen knives may be constrained by manufacturer price competition and the availability of less expensive competitors. The kitchen knives market is fiercely competitive, with many different brands and producers fighting for market dominance. It is difficult for one brand to dominate the market because both established businesses and new competitors are continually releasing new items and technologies.

Increasing Launches of Premium Products by Manufacturers to Drive Excellent Opportunities

To satisfy individual cooking needs, consumers are now increasingly looking for high-quality, long-lasting, and specialized kitchen knives. Manufacturers have the chance to launch premium and specialized knife lines that are suited to various cuisines, cutting styles, and ingredients. This comprises knives made for particular jobs like boning, filleting, or slicing vegetables, meeting the varied needs of both professional chefs and household cooks.

Global Kitchen Knives Market Share, by Manufacturing Process, 2022

The stamped blades sub-segment accounted for the highest share in 2022. Compared to kitchen knives with forged blades, ones with stamped blades are frequently utilized since they are less expensive. Stamped blades are made by cutting the blade shape from a sheet of steel, a less labour- and money-intensive technique than forging. Knives with stamped blades are more affordable, which expands their market.

Global Kitchen Knives Market Share, by Cutting Edge, 2022

The plain sub-segment accounted for the highest market share in 2022. Plain cutting-edge kitchen knives are renowned for their adaptability. They work well for jobs like precise cutting, dicing, slicing, and chopping. The straight edge provides cleaner, more accurate cuts and gives better control over how the knife moves.

Global Kitchen Knives Market Share, by Size, 2022

The 5-7 inches sub-segment accounted for the highest market share in 2022. Utility knives are typically referred to as kitchen knives with a blade length of 5 to 7 inches. These knives are adaptable and appropriate for a variety of chopping, dicing, and slicing jobs. These knives are perfect for common cooking needs since they strike a balance between manoeuvrability and cutting surface.

Global Kitchen Knives Market Share, by Price, 2022

The low sub-segment accounted for the highest market size in 2022. Low-cost kitchen knives frequently act as entry-level solutions for people who are just beginning to create their collection of kitchen knives or who prioritize cost-effective options. Without breaking the bank, these knives offer the bare minimum utility for regular culinary duties.

Global Kitchen Knives Market Share, by Distribution Channel, 2022

The indirect selling sub-segment accounted for the highest market share in 2022. Various retail outlets including department stores, specialty kitchenware shops, home goods stores, and even supermarkets frequently sell kitchen knives. These merchants buy kitchen knives from manufacturers or distributors and offer them for sale to customers.

Global Kitchen Knives Market Share, by Application, 2022

The residential sub-segment accounted for the highest market share in 2022. The residential market for kitchen knives is diverse, with consumers’ choices varying according to their cooking methods, cultural upbringings, and personal requirements. While some people might choose a certain type or brand of knife, others could place a higher value on things like cost, value, or convinient design.

Global Kitchen Knives Market Share, by Region, 2022

Europe region held the highest share in the kitchen knives market in 2022. Speciality knives made in Europe are renowned for being created for certain culinary purposes. For instance, the Santoku knife, which is Japanese in origin, has become more well-liked in Europe as a result of its adaptability and capacity to handle varied ingredients. The Europea kitchen knives market is also well-known for other specialized knives including bread knives, boning knives, and fillet knives.

Competitive Scenario in the Global Kitchen Knives Market

Product development and geographic expansion are the common strategies followed by major players functioning in the highly competitive global kitchen knives market. For instance, in April 2021, Victorinox introduced the Damast Bread- and Pastry Knife, which is composed of Damast steel and is forged in layers to form a strong and lasting blade.

Some of the leading kitchen knives market players are Friedr. Dick GmbH & Co. KG, Masamoto Sohonten Co., Ltd., MAC Knife, Victorinox AG, Wüsthof, Messermeister, Inc., Zwilling J. A. Henckels, Kyocera, Misen, LLC, and Dexter-Russell, Inc.