Global Kitchen Knife market will reach 2190 million US$ by the end of 2025

The global Kitchen Knife market is valued at 1450 million US$ in 2017 and will reach 2190 million US$ by the end of 2025, growing at a CAGR of 5.3% during 2018-2025.

Publisher: QYResearch

Published Date: 2018/8/10

A kitchen knife is any knife that is intended to be used in food preparation. While much of this work can be accomplished with a few general-purpose knives – notably a large chef's knife, a tough cleaver, and a small paring knife – there are also many specialized knives that are designed for specific tasks. Kitchen knives can be made from several different materials.

The market is segmented on the basis of product which comprises of Chinease Style, Japanese Style, and West Style. The handles of kitchen knives can be made from a number of different materials, each of which has advantages and disadvantages. The blade of kitchen knives can be made from stainless steel, carbon steel, ceramic and etc.

USA and Europe’s demand for cutlery is much larger than its production. This drives the need for imports, making Europe an interesting market.

The Kitchen Knife manufacturing industry has a low level of market share concentration. The top five operators will account for about 30% of industry revenue in 2016. Groupe SEB, the industry's largest player, holds a significantly larger portion of revenue than any of its competitors at 9.5% of the industry's total. The next largest player is Kai Corporation, accounting for only 5.6% of industry revenue. The disparity shows the importance of brand name among the industry's participants. Large companies benefit from brand recognition and consumer preferences. Still, intense and mounting external competition from imports has defined the environment for some of the smaller players in the Kitchen Knife Manufacturing industry over the past five years.

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