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.
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Details of Report @ 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, 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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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