The global knife sterilizer market size is expected to grow from US$ 657.5 Mn in 2023 to US$ 918.5 Mn by 2033, with overall sales accelerating at 3.4% throughout the forecast period.
The global knife steriliser market is being significantly influenced by the increasing acceptance of knife sterilisers in commercial kitchens, homes, restaurants, and the meat sector.
Knife sterilisers are devices that are used to sterilise different kinds of blades. These devices are essential for cleaning viruses off of knives, lowering the risk of disease transmission.
Knife sterilisers will consequently continue to be in demand during the projected period due to rising rates of foodborne illnesses and the need to improve food safety across the food manufacturing and processing industries.
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More and more people are understanding that sanitising their knives can help prevent foodborne infections as health awareness among the general public increases. They are now using knife sterilisers in all of their households as a result. During the next ten years, this is anticipated to fuel knife steriliser sales.
Leading manufacturers are creating cutting-edge solutions that can disinfect blades more successfully in order to keep up with market trends for knife sterilisers. They will gain more customers as a result of this.
Key Takeaways:
- Based on product, pasteurization holds a significant value share of the knife sterilizer market.
- By automation, demand for automatic knife sterilizers is likely to rise at the fastest CAGR through 2033.
- Europe is expected to hold around 40% share of the global knife sterilizer market in 2023.
- North America is set to account for 38% of revenue share in the worldwide knife sterilizer market in 2023.
- The U.K. knife sterilizer market is expected to grow at a moderate CAGR during the assessment period.
“Widening application of knife sterilizers across industrial kitchens and households due to growing focus towards improving food safety and reducing threat of infection spread is expected to boost the global knife sterilizer over the next ten years,” says a lead analyst at Future Market Insights.
Competitive landscape:
Top 5 manufacturers of knife sterilizers are BEAR ELECTRIC APPLIANCE, Morphy Richards, Midea, Panasonic, and Haier. Together they hold around 20% to 30% share of Knife Sterilizer Market.
Majority of the players are adopting strategies such as new product launches, mergers, partnerships, acquisitions, and collaborations to improve their revenue share.
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Future Market Insights, in its new offering, provides an unbiased analysis of knife sterilizer presenting historical demand data (2017-2022) and forecast statistics for the period from 2023-2033.
The study provides valuable insight on the knife sterilizer market based on By Product (UV knife sanitizer, Hot water knife sterilizer, Knife sterilizer with hand wash basin, UV lamp for knife sanitizers, Immersion heater element for hot water knife sterilizers, Pasteurization, UHT, Others), By Application (Industrial Kitchens, Butchers, Household, Commercial, Hospital, Restaurants), By Automaton (Automatic Semi-Automatic), across seven regions.
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