Kitchen Knives Market Is Expected To Reach USD 2.08 Billion By 2025 : Grand View Research Inc.
San Francisco, 16 October 2019: The Report Kitchen Knives Market Size, Share & Trends Analysis Report By Cutting Edge, By Manufacturing Process, By Application, By Size, By Distribution Channel, By Region, And Segment Forecasts, 2019 – 2025
The global kitchen knives market size is expected to reach USD 2.08 billion by 2025 registering a CAGR of 8.6%, according to a new report by Grand View Research, Inc. Growing popularity of reality shows, such as Top Chef, MasterChef, Hell’s Kitchen, Iron Chef, and Chopped, which have renewed the arena of cooking, is the key growth-driving factor for the market. Moreover, cooking has become a prominent career choice, which is estimated to have a positive impact on the product demand. Increased importance of visual appeal in various food dishes will drive the product demand over the next few years.
Rising impact of social media platforms will also fuel the market growth. Key manufacturers in this market are Friedr. Dick GmbH & Co., Global Knives, KAI USA LTD., KIYA & Co., Ltd., MAC Knife, MASAMOTO, Mercer Culinary, Messermeister, Victorinox, Wüsthof, and Zwilling J. A. Henckels. Product development is expected to remain a critical success factor for the market participants. Thus, major companies have increased their spending on new product developments. For instance, In March 2019, Artisan Revere released Elmax, an 8.6-inch chef knife for uniform, smooth, faster cutting. In April 2019, Peak Knife Company launched Colorado 14ers chef’s knife made of German 1.4116 steel.
Access Research Report of Kitchen Knives Market @ https://www.grandviewresearch.com/industry-analysis/kitchen-knives-market
Further key findings from the study suggest:
- Stamped blade products accounted for the largest revenue share of more than 75% in 2018 owing to their easy availability and low price
- However, hand forged manufacturing products are expected to witness the fastest growth at a CAGR of 9.1% from 2019 to 2025
- Commercial application is expected to be the fastest-growing segment over the next few years. Increasing number of eateries and restaurants is pushing the use of knives in commercial sector
- Based on product size, 5-7 inch knives was the largest segment in 2018 and accounted for more than 35% of the overall market share
- Convenience stores segment led the global kitchen knives market in 2018. However, online channel segment will register the maximum CAGR from 2019 to 2025
- Asia Pacific is expected to be the fastest-growing regional market at a CAGR of over 9% during the forecast period
Grand View Research has segmented the global kitchen knives market on the basis of manufacturing process, cutting edge, application, size, distribution channel, and region:
Kitchen Knives Manufacturing Process Outlook (Revenue, USD Million, 2015 - 2025)
- Hand Forged
- Stamped Blades
- Plain
- Granton
- Serrated
- Household
- Commercial
- 3-5 Inches
- 5-7 Inches
- 7-9 Inches
- 9-12 Inches
- Convenience Stores
- Supermarkets & Hypermarkets
- Online
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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