The global kitchen knives market size is expected to register revenue of USD 2.08 billion by the end of 2025, according to a new report by Million Insights. It is expected to grow with a CAGR of 8.6% from 2019 to 2025. This growth can be attributed to rising preference among the millennial for cooking due to increasing influence of reality shows like MasterChef and Hell’s Kitchen.
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Market Synopsis of Kitchen Knives Market:
The residential application segment held the highest share across the global market in 2018 due to increasing usage of such products in kitchens coupled with the rising disposable income among the working population. On the other hand, the commercial application segment is anticipated to witness fastest growth with CAGR of 8.9% in the upcoming years due to rising preference for eating outside among the millennial population.
The convenience stores distribution channel segment held the highest share of 58.0% across the global kitchen knives market due to the tendency for physical verification of product before making the purchase decision among the population. The online distribution channel is expected to witness the highest growth in the upcoming years due to rising influence of smartphones, internet and e-commerce platforms across the globe.
The plain cutting edge segment held the highest share across the global market in 2018 due to the increasing usage of such knives for household and commercial segments. The serrated edged knives are anticipated to register the fastest CAGR of 9.0% from 2019 to 2025 due to its low-cost price and rising popularity across the globe.
Europe held the largest share exceeding 25% across the regional market and is anticipated to continue its dominance over the forecasted period. Asia Pacific is anticipated to register the highest growth with a CAGR of 9.8% during the forecast period, 2019-2025 owing to rising popularity of hand-forged knives across countries like India, Myanmar, and Bangladesh.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Kitchen Knives: Market Variables, Trends & Scope
Chapter 4 Kitchen Knives: Product Estimates & Trend Analysis
Chapter 5 Kitchen Knives: Application Estimates & Trend Analysis
Chapter 6 Kitchen Knives: End-use Estimates & Trend Analysis
Chapter 7 Kitchen Knives: Industrial End-use Estimates & Trend Analysis
Chapter 8 Kitchen Knives: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Kitchen Knives: Manufacturers Company Profiles
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