Commercial kitchen knives market size to grow by USD 114.15 million from 2023 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics

NEW YORK, Dec. 19, 2022 /PRNewswire/ -- Technavio categorizes the global commercial kitchen knives market as a part of the personal product market, which covers products and companies engaged in research and development (R&D) and the production of personal and beauty care products, including cosmetics and perfumes. The global commercial kitchen knives market size is estimated to increase by USD 114.15 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of  4.93%.Discover some insights on market size before buying the full report - Request a sample report

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Technavio announced the release of its most recent market research report, Global Commercial Kitchen Knives Industry 2023-2027

Global commercial kitchen knives market - Customer landscapeTo help companies evaluate and develop growth strategies, the report outlines –

Key purchase criteria
Adoption rates
Adoption lifecycle
Drivers of price sensitivity
Global commercial kitchen knives market – Vendor analysisVendor landscape - The global commercial kitchen knives market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer commercial kitchen knives in the market are Cnife GmbH, Coltellerie Sanelli Srl, Dalstrong Inc., DEGLON SAS, Dexter Russell Inc., Friedr. Dick GmbH and Co KG, IO Shen Knives UK Ltd., Johannes Giesser Messerfabrik GmbH, Kai Corp., MAC Knife Inc., Mercer Tool Corp, Messermeister Inc., Samuel Staniforth Ltd., The Scott Fetzer Co., Victorinox AG, Wilh. Werhahn KG, WUSTHOF, Yoshida Metal Industry Co. Ltd., Mundial SA, and TOJIRO Co Ltd and others.The global commercial kitchen knives market is at its growing stage. The vendors consist of both large and mid-sized competitors. Differentiation in the product is done by using high-quality steel as blade material and advanced manufacturing technologies. The use of various types of materials, such as high-carbon steel, high-speed steel, and ultra-nano zirconia, differentiates the knives in terms of quality. Besides product improvement, vendors of commercial kitchen knives seek endorsements from well-known professional chefs. Such factors will increase the market growth during the forecast period.Vendor offerings -
Coltellerie Sanelli Srl: The company offers commercial kitchen knives such as Coltello Francese cm.16, Coltello Francese cm.18, Butcher knives cm.22, and Butcher knives cm.27.
Dalstrong Inc.: The company offers commercial kitchen knives such as Gladiator knives, Shogun series, Chefs knife, and Omega series.
DEGLON SAS: The company offers commercial kitchen knives such as table-separated, tomato knives, bonne cuisine, surfil knife, and oyster knives.
Dexter Russell Inc.: The company offers commercial kitchen knives such as Sofgrip 7, Sofgrip 10, Traditional carbon steel knives, and Sofgrip 6.
For details on vendor and its offerings – Buy the report!
Global commercial kitchen knives market - Segmentation assessmentSegment overviewTechnavio has segmented the market based on type, type (Chefs knives, Utility knives, Bread knives, Meat knives, and Others), distribution channel (Offline and Online), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 
The market share growth of the chefs knives will be higher than the other segments during the forecast period. During the forecast period, the growth of the global commercial kitchen chefs knives will mainly be driven by the increasing availability of these knives with superior quality blades and improved design. Some of the vendors are offering commercial kitchen chefs knives with ergonomically angled handles to ensure the maximum amount of comfort, along with a firm grip to facilitate cutting on a cutting board. In addition, commercial kitchen chefs knives, which are made using improved materials such as Santoprene, have also gained significant popularity as the material is resistant to kitchen oils and helps ensure a safe grip. Thus, the segment is expected to grow during the forecast period.
Geography overviewBy geography, the global commercial kitchen knives market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global commercial kitchen knives market.
APAC will account for 46% of the global commercial kitchen knives market growth during the forecast period. The commercial kitchen knives market in APAC is growing at the fastest rate owing to the low penetration of substitutes such as food processors and kitchen shears in the region. Moreover, in APAC, the popularity of online shopping is increasing, which is encouraging vendors to sell ergonomically designed commercial kitchen knives online. The increase in urbanization and the simultaneous rise in spending on food out-of-home are expected to drive the market in APAC.
Download a Sample ReportGlobal commercial kitchen knives market – Market dynamicsLeading drivers - The increasing demand for customized commercial kitchen knives is notably driving the commercial kitchen knife market growth. Many chefs ensure that the commercial kitchen knives they use are ergonomically designed and have the best quality handles and blades. This is one of the factors that has increased the demand for customized knives. One of the most popular customizations being done in commercial kitchen knives is engravings on blades or handles. In addition, demand for customization in terms of handles made of unique materials and knives with different types or quality of blades is also significantly increasing. Many end-user establishments also prefer to get their brand name engraved on commercial kitchen knives. Such factors will increase the market growth during the forecast period.Key trends - Growing demand for superior quality and durable commercial kitchen knives is the key market trend driving the commercial kitchen knives market growth. The growing demand for durable and high-quality commercial kitchen knives is encouraging some of the market players to increase their focus on introducing new units of commercial kitchen knives with improved design and quality. The improvements in design are mainly in terms of better handles, the material used for knife handles and blades, and the sharpness and strength of knives. Similarly, the vendor also provides knives that are made using PEtec. It is a computer-aided application that helps increase the sharpness of the knives and maintain the sharpness for a longer duration. With the use of this technology, the blades are measured before sharpening, then the computer calculates the sharpening angle for each blade, and precision robots sharpen the blades.Major challenges - The major challenge impeding the commercial kitchen knife market growth is the increased sale of counterfeit commercial kitchen knives. These knives are manufactured without following the process of quality measures. As a result, they are inferior in quality as compared to original commercial kitchen knives. Despite the inferior quality, these knives carry the trademark names and symbols of the vendors producing original commercial kitchen knives. However, though these knives appear to be visually the same as their original counterparts, they tend to be low on performance and quality. Buying counterfeit commercial kitchen knives can result in a loss of customer confidence in the brand, affecting market growth.Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!What are the key data covered in this commercial kitchen knives market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Commercial Kitchen Knives Market between 2023 and 2027
Precise estimation of the size of the Commercial Kitchen Knives Market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the Commercial Kitchen Knives Market industry across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Commercial Kitchen Knives Market vendors
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The consumer kitchen knife market is estimated to grow at a CAGR of 6.58% between 2021 and 2026. The size of the market is forecast to increase by USD 714.35 million. The market is segmented by product (non-electric and electric), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The kitchen appliances market is estimated to grow at a CAGR of 4.62% between 2021 and 2026. The size of the market is forecast to increase by USD 41.91 billion. The market is segmented by application (residential and commercial), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

Commercial Kitchen Knives Market Scope

Report Coverage
Details

Page number
162

Base year
2022

Historic period
2017-2021

Forecast period
2023-2027

Growth momentum & CAGR
Accelerate at a CAGR of 4.93%

Market growth 2023-2027
USD 114.15 million

Market structure
Fragmented

YoY growth 2022-2023 (%)
4.63

Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution
APAC at 46%

Key countries
US, China, Japan, Germany, and UK

Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled
Cnife GmbH, Coltellerie Sanelli Srl, Dalstrong Inc., DEGLON SAS, Dexter Russell Inc., Friedr. Dick GmbH and Co KG, IO Shen Knives UK Ltd., Johannes Giesser Messerfabrik GmbH, Kai Corp., MAC Knife Inc., Mercer Tool Corp, Messermeister Inc., Samuel Staniforth Ltd., The Scott Fetzer Co., Victorinox AG, Wilh. Werhahn KG, WUSTHOF, Yoshida Metal Industry Co. Ltd., Mundial SA, and TOJIRO Co Ltd

Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio Consumer Discretionary Market ReportsTable of Contents:
1.1 Market overview

Exhibit 09: Executive Summary and Chart on Vendor Market Positioning

2 Market Landscape
2.1 Market ecosystem

Exhibit 11: Market Characteristics

3 Market Sizing
3.1 Market definition

Exhibit 12 - Offerings of vendors are included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.4 Market outlook for 2022-2027

Exhibit 17: Global Market Data Table: Year-over year growth 2022-2027 (%)

4 Historic Market Size
4.1 Global commercial kitchen knives market 2017 - 2021

Exhibit 18: Historical Market Size - Data Table for Global Commercial Kitchen Knives Market 2017-2021 ($ Million)

4.2 Type Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Distribution channel segment analysis 2017 - 2021

Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis
5.1 Five forces summary

Exhibit 23 - Five Forces Analysis - Comparison Between 2022 and 2027

5.2 Buyers' bargaining power

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhi