Product ID: UCMIG25I2005
Report ID:
UCMIG25I2005 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for kitchen knives, valued at USD 1.76 billion in 2022, is projected to grow at a CAGR of 11.2% from 2023 to 2030. The market is expected to be driven by factors such as the growing interest in cooking, popularity of cooking shows and social media, evolving consumer preferences, and rising demand for premium and innovative products. Moreover, the rise in disposable income has led to a surge in demand for high-quality kitchen knives that provide superior performance, durability, and convenience.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Housewares & Specialties by segment aggregation, the contribution of the Housewares & Specialties in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25I2005