by Cutting boards are accessories used for cutting vegetables, meats, and other food items in kitchens across the globe. Traditionally made of wood, cutting boards are now available in a variety of materials including plastic, bamboo, glass, and stone. Newer products focus on enhanced safety, hygiene, and ergonomic designs suited for different cutting tasks. Wooden and bamboo cutting boards are preferred for meat and vegetable preparation owing to their easy maintenance. Plastic boards are affordable and lightweight but require thorough cleaning. Stainless steel and glass boards are durable but slippery options.
The global cutting boards market is estimated to be valued at US$ 1.49 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The global cutting boards market growth is primarily driven by the growing demand for ergonomic kitchen cutting boards. Continuous innovation in products is leading to the availability of boards designed for specific cutting tasks such as chopping, dicing, and slicing. These ergonomic boards come equipped with handles, non-slip bases, and guides to ease chopping motions and prevent hand fatigue. Additionally, rising health awareness is fueling the demand for antimicrobial and hygienic boards that inhibit bacterial growth. With the proliferation of online retail, manufacturers are able to market niche products to target consumers demanding premium and specialized cutting boards. The growing demand for ergonomic and specialized boards is expected to boost the cutting boards market during the forecast period.
Segment Analysis
The global cutting boards market is dominated by plastic cutting boards segment. Plastic cutting boards account for over 50% of the market share due to their affordability and easy maintenance properties. Wooden cutting boards hold the second largest share and preferred for their appeal and ability to withstand knife cuts. However, maintenance of wooden cutting boards is difficult compared to plastic boards. Bamboo cutting boards segment is witnessing fastest growth due to rising popularity of eco-friendly products.
PEST Analysis
Political: No significant political factors affecting the market.
Economic: Rising disposable incomes in developing nations driving demand. Inflation affecting raw material prices.
Social: Changing lifestyles and increasing health consciousness spurring wooden/bamboo boards sales.
Technological: Automation improving production efficiency.
Key Takeaways
The Global Cutting Boards Market Size is expected to reach US$ 1.49 Bn by 2024, expanding at a CAGR of 13% during the forecast period.
Regional analysis – North America dominates accounting for over 30% share due to high health awareness. New product launches and marketing strategies have boosted sales in Asia Pacific making it the fastest growing regional market.
Key players operating in the cutting boards market are Mahindra Electric Mobility Limited, Saera Electric Auto Pvt. Ltd., Telco E-Vehicles Pvt. Ltd., Gamma Industries. Key players are focusing on new product innovation like designs catering to specific knife types to gain competitive edge.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
