U.S., France & Europe Professional Knives Market Expected to Reach $1,281.3 Million by 2033 - Allied Market Research

According to a new report published by Allied Market Research, titled, “U.S., France & Europe Professional Knives Market by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2024–2033,”

The U.S., France & Europe professional knives market size was valued at $722.9 million in 2023, and is projected to reach $1,281.3 million by 2033, registering a CAGR of 6.1% from 2024 to 2033.

The popularity of cooking shows and renowned chefs, along with the rich culinary scene of the U.S., all have an impact on the professional knife industry. Exceptional knives from well-known manufacturers like Shun, Wusthof, and Zwilling J.A. Henckels are in high demand. Specialty knives, such as those made for particular jobs like boning, filleting, and chopping, are also in demand.

Professional knives are essential to traditional French cooking methods in France, a country known for its culinary expertise. French knife manufacturers such as Sabatier are well known for their excellence in craftsmanship. French consumers prefer premium products since the market there frequently highlights the value of forged knives and artisanal skills.

The market for professional knives is wide in Europe, and each nation has its unique culinary customs and tastes. German knives, especially those made in Solingen, are highly regarded for their durability and accuracy. Furthermore, due to their innovative technology and sharpness, Japanese knives have become more popular in Europe.

The professional knife market in these regions is mostly driven by sustainability, innovation in materials and design, and the growing acceptance of online sales channels. As the needs of professional cooks shift, manufacturers are always coming up with novel materials, like ergonomic handle materials and high-performance alloys.

Furthermore, sustainability has grown in importance, with certain companies placing a strong emphasis on environmentally friendly production methods and materials. Since they offer an efficient way of browsing and buying professional knives, online platforms have also grown to be vital for manufacturers as well as consumers. These U.S., France & Europe professional knives market trends are driving the U.S., France & Europe professional knives market growth.

According to the U.S., France & Europe professional knives market analysis, the market is analyzed on the basis of type and distribution channel. By type, the market is divided into chef’s knives, bread knives, utility knives, meat knives, paring knives, and others. Among these, the chef’s knives segment occupied the major U.S., France & Europe professional knives market share in 2023 and is projected to maintain its dominance during the forecast period. American and European companies like Wusthof, Zwilling J.A. Henckels, and Victorinox, which are well-known for their excellence and craftsmanship, control the market. Due to their precision and durability, these knives are widely sought after by chefs and food enthusiasts. Well-known companies like Thiers-Issard and Sabatier add to France's rich culinary legacy with their traditional craftsmanship. Diverse knife types, materials, and handle styles are available in the market, satisfying a wide range of culinary tastes. Since they improve their cooking abilities by purchasing high-quality knives, professional chefs are leading contenders in the culinary equipment market in these regions.

By distribution channel, the U.S., France & Europe professional knives market is divided into offline and online. The online segment is growing at a moderate rate during the forecast period. E-commerce platforms have emerged as an important option for professional knife purchases due to the growing U.S., France & Europe professional knives market demand for high-quality knives among chefs and culinary enthusiasts. Customers choose from a large selection of brands, styles, and price points with the convenience and accessibility of online retailers. Online reviews, competitive pricing, and simple product comparisons are additional advantages of this distribution channel. As customers look for the ease of purchasing online and a wide range of professional knives from well-known manufacturers in the U.S., France, and Europe, this trend is predicted to continue expanding.

The major players analyzed for the U.S., France & Europe professional knives industry are Victorinox AG, Wüsthof, Kai Group, Zwilling J.A. Henckels, Mercer Culinary, Thiers-Issard, Laguiole, Opinel, Sabatier, De Buyer, Messermeister, Güde, Robert Welch, Due Cigni, and Gerber. In these regions, the top knife manufacturers prioritize innovation, quality, and branding in order to achieve a competitive advantage. Market share is significantly impacted by factors including design, material quality, and technology developments. In addition, companies frequently use mergers, acquisitions, and strategic partnerships as a means of strengthening their market positions.

KEY FINDINGS OF STUDY

• By type, the chef’s knives segment was the highest contributor to the market in 2023.
• By distribution channel, the online segment is the fastest-growing segment with a 6.5% CAGR.