Global Kitchen Knives Market Size, Share & Trends Report, by Manufacturing Process (Hand Forged and stamped Blades), by Cutting Edge (Plain, Granton, and Serrated), by Application (Household and Commercial), by Distribution Channel (Convenience Stores, Supermarkets & Hypermarkets and Online) Forecast Period (2022-2028)

 

The global kitchen knives market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rise in the number of hotels coupled with increasing travelers is anticipated to drive the growth of the global kitchen knives market. According to the data published by India Brand Equity Foundation (IBEF) 2022, the foreign tourist arrivals in India had stood at 10.93 million in 2019. Between January 2021 and April 2021, the foreign tourist arrivals accounted for 376,083. Further, by 2028, international tourist arrivals are projected to reach 30.5 billion and generate revenue of over $ 59 billion. In addition, international hotel chains are surging their presence in the country and are anticipated to account for 47.0% share in the tourism and hospitality sector in India by 2020 and 50.0% by 2022. Moreover, the Indian hotel market including domestic inbound and outbound is estimated at $32 billion in 2020 and is projected to reach $52 billion by 2027, driven by surging demand from travelers.

The increasing influence of e-commerce platforms coupled with the surging number of smartphones with fast internet is anticipated to drive the growth of the kitchen knives market. According to the data published by Oberlo, the number of digital buyers accounted for 2.14 billion in 2021 and more than one out of four is an online shopper. Moreover, in 2021, approximately 230 million Americans shopped online, which is an increase of 1.32% from 2020. Similarly, as per Oberlo digital and mobile wallets are the most preferred method among online shoppers globally. For instance, 44.5% of the online shoppers paid using digital and mobile wallets, followed by credit cards and debit cards as the second most popular online payment method. Additionally, as per the data published by Global System for Mobile Association (GSMA) in 2020, smartphone penetration is anticipated to reach 80.0% by 2025, owing to shifts and changes in consumer behavior. Moreover, 70.0% of smartphones are anticipated to run on LTE, reflecting the influence of mobile internet generation. Further as per GSMA, by the end of 2019, 3.8 billion people were using mobile internet, with three-quarters of all mobile internet users living in low and middle-income countries.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Manufacturing Process
  • By Cutting Edge
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-  Kiya & Co. Ltd., Global Knives, and Friedr Dick GmbH & Co. among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Kitchen Knives Market Report by Segment

By Manufacturing Process

Hand Forged

stamped Blades

By Cutting Edge

• Plain
• Granton
• Serrated

By Application

Household

Commercial

By Distribution Channel

• Convenience Stores
• Supermarkets & Hypermarkets
• Online

Global Kitchen Knives Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa