Knife Market to Grow with a CAGR of 6.1% through 2029

Rising demand for high-quality knives for the kitchen segment, growing interest in outdoor activities and survival gear are factors driving the global Knife market in the forecast period 2025-2029.

According to TechSci Research report, “Knife Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Knife Market stood at USD 4.55 Billion in 2023 and is anticipated to grow with a CAGR of 6.1% through 2029. The global knife market is characterized by its dynamic and ever-evolving nature, influenced by a combination of factors such as culinary trends, technological advancements, consumer preferences, and a commitment to exceptional craftsmanship.

This market encompasses a diverse range of products, spanning from everyday kitchen essentials to specialized tools favored by professional chefs. It operates within the broader kitchenware industry, which has experienced consistent growth driven by the increasing worldwide interest in cooking, culinary tourism, and the demand for top-tier kitchen utensils. Knives, once viewed merely as practical tools, have now become an essential component of the culinary journey, with consumers placing emphasis not only on functionality but also on craftsmanship, design, and innovative features..

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Knives serve a multitude of purposes across various domains, including home improvement, carpentry, clothing, defense, and self-defense. They are indispensable tools for scoring materials like plasterboard, cutting binding materials such as cable, packing tape, or plastic strapping, and trimming excess material from injection-molded rubber or plastic. Moreover, knives are essential for opening clamshells, cutting through cardboard, and various types of packaging materials. The burgeoning trend of dining out at cafes and restaurants presents promising growth opportunities for eateries globally. With the increasing number of restaurants, there is a rising demand for modern cookware and kitchen utensils, including knives. For instance, as of the beginning of 2022, the US National Restaurant Association employed over 14.5 million individuals across its extensive network of more than 1 million restaurant and foodservice establishments.

This expansion in the restaurant industry is driven by consumer preferences for high-quality food, exceptional service, socializing opportunities, and convenience, prompting restaurant owners to invest in new, premium kitchenware such as knives. Folding and retractable knives are commonly utilized in the construction sector. Hence, the anticipated substantial growth in the construction industry is expected to boost the global demand for knives.

Additionally, the increasing emphasis on aesthetic appeal in various cuisines is projected to drive the demand for kitchen knives in the coming years. These knives play a crucial role in achieving intricate cuts like brunoise, chiffonade, julienne, and macedoine, which are popular worldwide. Furthermore, the introduction of advanced knives with a diverse range of blade types is likely to contribute positively to market growth in the near future. The knife market boasts a diverse array of players, ranging from traditional manufacturers with decades of experience to artisanal craftsmen preserving ancient techniques and new entrants leveraging technology for innovation. This competitive landscape is characterized by a constant pursuit of differentiation, whether through the utilization of premium materials, distinctive designs, or the integration of smart features.

The global Knife market is segmented into type, material, application and region.

Based on type, Fixed blade knives dominate the market, renowned for their durability and versatility. They are widely used in activities such as cooking, camping, sports, and survival. Their robustness makes them ideal for demanding tasks like hunting, breaking windows, and splitting wood. Additionally, they are essential for food preparation, excelling in chopping meat and vegetables. The demand for fixed blade knives is driven by the expansion of restaurants, the growing trend of dining out, and increased domestic use. Conversely, the folding blade segment is anticipated to experience significant growth during the forecast period.

Based on the region, Europe has emerged as the leading contributor to revenue in the market. This growth is primarily driven by the increasing popularity of outdoor activities such as camping and hiking, which necessitate a variety of knives. Additionally, the forecast period anticipates a rise in nuclear families and single-person households, along with an increase in kitchen remodeling and renovation projects, all of which are expected to significantly boost the demand for knives.

Major companies operating in global Knife market are:

• Olfa Corporation
• Stanley Black & Decker, Inc.
• Milwaukee Electric Tool Corporation
• KA-BAR Knives, Inc
• Kai USA LTD.
• Hyde Tools, Inc.
• U.S. Blade Manufacturing Company Inc
• Roberts Consolidated Industries, Inc.
• Apex Tool Group LLC
• Klein Tools, Inc.

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“The knife market is experiencing robust growth driven by a confluence of factors. Increasing consumer interest in culinary pursuits, the rise of specialized and niche knives, and technological innovations in materials and design are propelling the market forward. With a growing emphasis on high-performance materials, sustainability, and smart features, manufacturers are meeting evolving consumer demands. The market's dynamic response to culinary trends and the integration of cutting-edge technology position it for sustained growth. As consumers continue to prioritize quality and innovation in kitchen tools, the knife market is poised to expand further in the foreseeable future”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Knife Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Folding Blade, Fixed Blade, Side Slide), By Material (Steel, Titanium, Ceramic, Others), By Application (Kitchen, Survival/Hunting/Adventure/Tactical, Weapon, Sports, Others), By Region, By Competition 2019-2029F", has evaluated the future growth potential of global Knife market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Knife market.

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