Knife Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global knife market size reached around USD 4.55 Billion in 2024. The market is projected to grow at a CAGR of 6.10% between 2025 and 2034 to reach nearly USD 8.23 Billion by 2034. The market growth can be attributed to rising consumer interest in home-cooked meals and continuous product innovation. Moreover, rising consumer disposable incomes and the expansion of the HoReCa sector are expected to sustain the market growth in the coming years.

Global Knife Market Growth

As per the National Restaurant Association, there are over 700,000 restaurants across the United States, which account for 4% of the nation's annual GDP. The domestic food and beverage industry serves a significant proportion of all meals consumed in the United States, with Italian cuisines enjoying the highest appeal. Based on industry analysis, the number of restaurant operators expected to expand their existing food chains recorded a year-on-year growth of 12%. This indicates a positive growth trajectory of the regional food service industry, which is expected to account for a major portion of the knife market share in the coming years.

Rising consumer interest in home cooking has favourably impacted the market dynamics. This has facilitated the knife market development, as manufacturers are designing personalised knives to enhance the consumer’s experience of preparing and consuming home cooked meals. Moreover, the growing consumer interest in health-conscious cooking is surging the demand for knives that provide control and precision for tasks such as portioning lean proteins, slicing vegetables, and cutting fruits, among others, is driving the market.

Key Trends and Developments

Rising demand for ceramic knives; growth of small knife producers; growing use of unique designs and exotic materials in knives; and soaring appeal of fidget knives are the major factors driving the knife market growth.

December 2024

Spyderco, a leading American cutlery manufacturer, launched the Tenacious R.I.L. Disarray Finish D2 folding knife. It combines a titanium blade handle with the Reeve Integral Lock (R.I.L.) mechanism to enhance its security and portability. Its blade features a unique Disarray finish that is achieved through a proprietary heat-anodizing process.

December 2024

Raphael Durand launched Echidna, a 4 oz weighing knife as a part of the Boker Magnum Range. It has a blade length of 3.62 inches and is well-suited for small and medium-size chores. The knife is equipped with a high-quality nylon sheath and a solid backlock feature.

December 2024

KAI India launched the Premium Santoku Knife that is ideally suited for dicing, slicing, and mincing vibrant vegetables, tender meats, or delicate garnishes at home. It features a semi-straight edge that can be used by either seasoned professionals or novice chefs for greater comfort and precision. This is favourably shaping the knife market dynamics.

November 2024

MK Knives and Tools launched a new range of Ingeni folding knives in collaboration with the Italian company FOX Knives. Available in 3 unique styles (Ingeni “Urban Gray,” Ingeni “Blackout”, and Ingeni “Vanguard”), these knives feature a CPM-S90V steel blade and strong titanium build to ensure excellent edge retention and high rust resistance. This is expected to increase the knife market revenue in the coming years.

Rising demand for ceramic knives

Ceramics knives can be hardened with a force of nearly 1 ton per centimeter square to make extremely sharp blades. These knives are most popular among experienced chefs in restaurants due to their durability and effectiveness.

Growth of small knife producers

As small-size knife manufacturers become more competitive and offer high-quality products with innovative designs, the market value is expected to increase significantly. By pushing industrial production standards higher and expanding consumers’ access to different choices, small companies are expected to increase their knife market share significantly.

Rising use of unique designs and exotic materials in knives

Collectors interested in aesthetic knives with unique craftsmanship are becoming exceedingly popular, thereby prompting companies to use innovative materials. As per the knife market analysis, consumers are willing to pay a premium price for distinctive, cutting-edge knives that cater to both aesthetic and functional purposes. Increasing investments in the development of new knives is expected to favourably shape the market dynamics.

Soaring appeal of fidget knives

Apart from serving their primary function, fidget knives provide an excellent tactile experience. Such knives are significantly useful for a niche consumer segment that prefers both sensory satisfaction and functionality.

Global Knife Market Trends

Use of innovative materials

Different grades of steel are used for manufacturing different qualities of knives. For instance, CPM 20CV is extensively used to make EDC knives, customised knives, and knives requiring a high degree of corrosion and abrasion resistance. This is expected to spur the knife market development. Besides, other popular grades of steel include CPM 3V (for bushcraft knives), CPM 4V (for hard-use knives), 1095 (for factory outdoor knives), and CPM Cruwear (for tactical fixed blades).

Shift towards sustainability

Many knife companies are introducing limited edition designs and collections featuring eco-friendly materials and recycled steel. For instance, on April 2024, ZWILLING launched a special edition collection of knives to earmark the Earth Day. This collection features knives made from Circle Green Steel, whose carbon footprint is 93% lower than other steels used for knife production. Moreover, it is created using low-carbon electricity and other renewable energy sources, which has enhanced its appeal among eco-conscious consumers.

Global Knife Industry Segmentation

The EMR’s report titled “Global Knife Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Material

• Steel
• Titanium
• Ceramic

Breakup by Type

• Folding Blade
• Fixed Blade
• Side Slide

Breakup by Application

• Kitchen
• Survival
• Weapon
• Sports
• Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Knife Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the demand for knives in the Asia Pacific and Latin America is expected to grow at a CAGR of 6.8% and 6.6%, respectively. As per the knife market analysis, the market growth in the regions can be attributed to the rising consumer access to high-quality and durable knives driven by rapid e-commerce growth and product innovation. Countries like Australia and Japan are expected to witness substantial growth in demand, with India and China anticipated to witness a CAGR of 6.9% and 6.6% respectively between 2025 and 2034.

Leading Companies in the Global Knife Market

Major knife manufactures are diversifying their existing product offerings to include specialised knives in their portfolio of products, thereby favourably shaping the knife market dynamics. By focusing on product innovation and sustainability (including the use of natural materials and waste reduction measures), knife companies are expanding their market share.

Knives From Japan Limited

Knives From Japan Limited was founded in 2016 and is headquartered in London, England. It is a premier destination for British households seeking a wide range of exclusive Japanese knives.

Buck Knives, Inc.

Buck Knives, Inc. was founded in 1902 and is headquartered in Idaho, United States. It specialises in making recreational outdoor tools and cutlery items, including knives.

OPINEL SAS

OPINEL SAS was founded in 1890 and is headquartered in Chambéry, France. It specialises in producing outdoor cooking products and gardening tools.

Chris Reeve Knives

Chris Reeve Knives was founded in 1984 and is headquartered in Idaho, United States. It is a leading manufacturer of fixed-blade and folding knives and is renowned for having facilitated the development of S35VN, CPM S30V, and S45VN (powdered blade steels with excellent edge retention and corrosion resistance).

Other players included in the knife market report are WÜSTHOF, ZWILLING J.A. HENCKELS LLC, Victorinox Swiss Army, Inc., Kai USA Ltd., Benchmade Knife Co., Inc., Zappar Limited, and among others.