Global Knife Market Size & Outlook, 2021-2030
Global knife market, 2017-2030 (US$M)
Related Markets
Global knife market highlights
- The global knife market generated a revenue of USD 3,807.6 million in 2021 and is expected to reach USD 6,413.0 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 6% by 2030.
- In terms of segment, steel accounted for a revenue of USD 2,316.8 million in 2021.
- Ceramic is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2021.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 3,807.6 million |
| Market revenue in 2030 | USD 6,413.0 million |
| Growth rate | 6% (CAGR from 2021 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Ceramic |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Titanium, Ceramic |
Other key industry trends
- In terms of revenue, the North America accounted for 26.1% of the global knife market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 122.0 million by 2030.
Steel was the largest segment with a revenue share of 60.85% in 2021. Horizon Databook has segmented the Global knife market based on steel, titanium, ceramic covering the revenue growth of each sub-segment from 2017 to 2030.
The growing popularity of dining in restaurants and cafes presents attractive expansion potential for eating establishments all over the world. As the number of restaurants grows, so does the demand for modern cutlery and culinary gear, such as knives. For instance, at the beginning of 2022, the (US) National Restaurant Association comprised over 1 million restaurant and foodservice locations in the U.S, employing 14.5 million people.
Consumers need for convenience, socializing, and high-quality food and service has contributed to the expansion of the restaurant industry. As a result, restaurant owners are investing in new, high-quality cooking equipment.
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Knife Market Scope
Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global knife market size, by regions, 2017-2030 (US$M)
Top 10 countries: Knife market size, 2021 (US$M)
Global knife market share, by material, 2021 & 2030 (%, US$M)
Knife market: Opportunity assessment by country
Global knife market, by region, 2021 (US$M)
| Material | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 927.1 | 962.8 | 1,008.5 | 947.2 | 995.3 | 1,050.5 | 1,111.6 | 1,181.5 | 1,256.5 | 1,336.5 | 1,422.0 | 1,513.5 | 1,611.8 | 1,718.7 | 6.3% |
| Europe | 1,184.1 | 1,223.1 | 1,274.2 | 1,190.3 | 1,244.0 | 1,305.8 | 1,374.3 | 1,452.9 | 1,536.7 | 1,625.7 | 1,720.3 | 1,821.2 | 1,928.9 | 2,045.7 | 5.7% |
| Asia Pacific | 760.9 | 797.0 | 842.0 | 797.5 | 844.9 | 899.0 | 959.1 | 1,027.5 | 1,101.3 | 1,180.5 | 1,265.6 | 1,357.2 | 1,456.1 | 1,564.1 | 7.1% |
| Latin America | 231.4 | 237.7 | 246.4 | 228.9 | 238.0 | 248.5 | 260.1 | 273.4 | 287.6 | 302.5 | 318.3 | 335.0 | 352.8 | 372.0 | 5.1% |
| MEA | 483.5 | 493.9 | 508.8 | 470.0 | 485.5 | 503.6 | 523.8 | 547.0 | 571.4 | 596.9 | 623.6 | 651.6 | 681.0 | 712.5 | 4.4% |
| Overall | 3,586.9 | 3,714.6 | 3,879.9 | 3,633.9 | 3,807.6 | 4,007.3 | 4,228.9 | 4,482.3 | 4,753.6 | 5,042.2 | 5,349.8 | 5,678.5 | 6,030.6 | 6,413.0 | 6.0% |
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