The global knife sterilizer market size is expected to grow from US$ 657.5 Million in 2023 to US$ 918.5 Million by 2033, with overall sales accelerating at 3.4% throughout the forecast period.
Rising adoption of knife sterilizers across industrial kitchens, households, restaurants, and meat industry is a key factor driving the global knife sterilizer market.
Knife sterilizers are machines used for sterilizing various types of knives. These machines play a key role in removing pathogens from knives and thus help to reduce the chances of disease spread.
Growing prevalence of foodborne diseases along with increasing need for improving food safety across food manufacturing and processing industry will therefore continue to push the demand for knife sterilizers during the forecast period.
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With rising health awareness, more and more people are realizing that sterilizing their knives can help prevent foodborne illnesses. As a result, they are employing knife sterilizers across their homes. This is expected to drive sales of knife sterilizers during the next ten years.
To keep up with the knife sterilizer market trends, leading manufacturers are developing advanced products that can sterilize knives more effectively. This will help them to increase their customer base.
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.
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“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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Knife Sterilizer Market is Segmented as
By Product:
- UV knife Sterilizer
- Hot Water Knife Sterilizer
- Knife Sterilizer with Hand Wash Basin
- UV Lamp for Knife Sterilizer
- Immersion Heater Element for Hot Water Knife Sterilizers
- Pasteurization
- UHT
- Others
By Automation:
- Automatic
- Semi-Automatic
By Application:
- Industrial Kitchens
- Butchers
- Household
- Commercial
- Hospital
- Restaurants
By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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