The global cutting boards market offers a convenient and sustainable solution for food preparation surfaces in both household and commercial kitchens. Cutting boards provide a sturdy and sanitary workspace for slicing, dicing, and chopping various food items. They prevent direct contact between knives and countertops, helping to maintain hygienic conditions and preserving the lifespan of countertop surfaces. The global cutting boards market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The cutting boards market is driven by the growing demand for hygienic and eco-friendly kitchen accessories. Rising health awareness among consumers regarding food safety and prevention of cross-contamination while food preparation has augmented the demand for cutting boards. Growing consumer inclination toward natural and sustainable products has also boosted the popularity of cutting boards made from bamboo, acacia, and other eco-friendly materials. Leading manufacturers are focusing on developing stylish and aesthetically appealing multipurpose boards incorporating different materials like wood, bamboo, plastic etc. to attract consumers. Moreover, increasing availability of cutting boards in various sizes, designs and styles through online retail has made them more accessible to consumers worldwide, thereby propelling the market growth.
SWOT Analysis
Strength: Cutting boards made from bamboo and wood are more eco-friendly and sustainable materials. They have natural antibacterial properties.
Weakness: Plastic cutting boards are cheaper to produce than wood or bamboo boards. They can develop micro cracks over time, trapping bacteria.
Opportunity: Increased focus on health and wellness is driving demand for cutting boards promoting food safety. Rising environmental consciousness favors sustainable wooden and bamboo boards.
Threats: Strict regulations over certain chemicals used in plastic boards can disrupt supply. Economic slowdowns may reduce disposable income available for premium priced eco-friendly boards.
Key Takeaways
The global Cutting Boards Market Demand is expected to witness high over the forecast period of 2023 to 2030. The market size is projected to reach US$ 1.29 Billion in 2023 growing at a CAGR of 6.8% through 2030.
Regional analysis comprises Asia Pacific dominates the global cutting boards market currently. Countries like China, India and Japan are major consumers. Growth in these developing economies will continue driving market expansion in the region. North America is another substantial market for cutting boards supported by health awareness and appliance spending capacity in countries like the US and Canada.
Key players operating in the cutting boards market are Nomad Foods Ltd., Bakkavor Foods Ltd., General Mills, McCain Foods, Premier Foods Group Ltd., 2 Sisters Food Group, Greencore Group Plc.,Orkla ASA, ConAgra Foods Inc., ITC Limited. Most companies are focused on developing innovative, hygienic and eco-friendly product lines made from natural wood or bamboo to appeal to health conscious consumers. Private labels pose competition in the commodity plastic boards segment.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.