Knife Sharpener and Honer Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032

The Global Knife Sharpener And Honer Market reached USD 638 million in 2023 and is projected to grow at a robust CAGR of 4.6% from 2024 to 2032. This growth is largely driven by the rising interest in home cooking, a trend that surged during the pandemic. As more people take to their kitchens, the demand for high-quality kitchen tools, especially knives, has skyrocketed. This growing appetite for premium culinary equipment is significantly contributing to the expansion of the knife sharpener and honer market.

The market is segmented by product type into manual knife sharpeners, electric knife sharpeners, and honing machines. In 2023, the electric knife sharpener segment led the market, generating USD 307 million. This segment is expected to maintain a steady growth rate of 4.8% through 2032. Electric sharpeners have become increasingly popular due to their convenience and user-friendly design. They cater to a wide range of consumers, from amateur home cooks to professional chefs, making them a preferred choice for those seeking an easy and efficient sharpening solution. The convenience and advanced features of electric sharpeners make them a key driver of market growth.

The knife sharpener and honer market is further segmented based on end-use into residential and commercial categories. In 2023, the residential segment accounted for 64% of the total market share and is expected to grow at a CAGR of 4.8% during the forecast period. Consumers are increasingly turning to do-it-yourself (DIY) solutions like knife sharpeners to save money and extend the lifespan of their kitchen tools. Electric sharpeners are especially attractive to the residential sector because they offer a quick, efficient, and easy-to-use method for sharpening knives without the need for professional help. This DIY trend is significantly fueling the market's growth in the residential segment.

The U.S. knife sharpener and honer market generated USD 134 million in 2023 and is anticipated to grow at a CAGR of 4.7% from 2024 to 2032. A surge in home cooking, influenced by popular cooking shows, food blogs, and vibrant online culinary communities, has led to a dramatic increase in demand for high-quality knives and sharpening tools. The U.S. market is also known for its innovation, offering a variety of sharpeners, including both manual and electric models, designed to meet the diverse needs of consumers. These sharpeners often come with advanced features such as multi-stage sharpening, angle guides, and diamond-coated abrasives, making them even more appealing to a broad range of users.