by The Cutting Boards market is estimated to be valued at US$ 1.29 Billion In 2022 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cutting boards are widely used in both commercial and residential kitchens. They come in various materials like wood, plastic, bamboo etc and in different shapes and sizes depending on the intended use. Wooden cutting boards are preferred for their aesthetics and ability to withstand daily wear-and-tear. Plastic cutting boards are durable, affordable and often come with juice grooves to prevent cross-contamination. Large plastic or composite boards are commonly used in commercial kitchens for preparation of large volumes.
Market Dynamics:
One of the key drivers for the cutting boards market is the growing preference for aesthetically appealing and sustainable wooden cutting boards among consumers. Wood is considered premium over plastics and consumers are willing to pay more for wooden boards made of materials like bamboo, acacia, teak etc. The rising health-consciousness has also boosted demand for natural materials. Additionally, the food service industry has been growing at a steady rate over the years. As food preparation increases in commercial kitchens, the demand for heavy-duty and sanitation-friendly polyoly products from this segment is also rising rapidly.
Segment Analysis
The global cutting boards market is dominated by plastic sub-segment for its low cost, durability and ease of cleaning advantages. Plastic cutting boards account for over 30% market share currently due to their resistance against moisture, stains and odors. They can withstand impacts of chopping and slicing better than wooden boards.
PEST Analysis
Political: No major political factors impacting the Cutting Boards Market currently.
Economic: Rising disposable incomes in developing countries is driving the market growth. High spending on home decoration and renovation is also fueling the demand.
Technological: Advanced polymers are being used by manufacturers to develop cutting boards with better durability and non-porous surface. Some boards come with anti-microbial properties as well.
Social: Increasing popularity of home-cooking and do-it-yourself food preparation trends among millennials is a key social driver for market demand. Health and hygiene concerns also influence consumers’ preference for different types of boards.
Key Takeaways
The global cutting boards market is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing health awareness and home-cooking trend among consumers.
Regional analysis: North America dominates the cutting boards market currently due to large number of household and presence of key players. The Asia Pacific region is expected to grow at fastest pace during the forecast period with China, India and other developing markets driving high demand.
Key players operating in the cutting boards market are Epicurean, John Boos, Edward Wohl, San Jamar, SAGE, Neoflam, Catskill Craftsmen, Proteak, Carver Board, Virginia Boys Kitchens, Totally Bamboo, Lipper International, Madeira, Fackelmann, TOPULORS.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
