Cutting boards are wooden, plastic or glass surfaces used as a base for slicing, chopping and cutting of food items in the kitchen. Cutting boards come in different colors, sizes and materials like wood, bamboo, plastic which makes them suitable for various cooking needs. They provide a protective, non-porous and non-reactive surface for food preparation. This prevents direct contact of food with countertops and reduces chances of cross-contamination.
The global Cutting Boards Market is estimated to be valued at US$ 1.49 Bn in 2024 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 key trends:
The increasing demand for multipurpose and easy-to-clean cutting boards is one of the major trends driving the growth of global cutting boards market. Consumers are looking for cutting boards that serve multiple functionalities along with ease of cleaning and maintenance. Manufacturers are innovating in materials, designs and finishes to offer cutting boards with scratch resistance, anti-microbial coatings as well as segmentation for different food items. This has led to the introduction of advanced cutting boards that are BPA-free, eco-friendly, lightweight and dishwasher safe. Such consumer-centric innovations are fueling the popularity of cutting boards among home cooks and food service sector.
Segment Analysis
The global cutting boards market is dominated by plastic cutting boards sub-segment. Plastic cutting boards offer advantages like durability, affordability and easy maintenance which makes them a popular choice among consumers over traditional wood boards. Plastic boards are splash and stain resistant which reduces the need for frequent cleaning. Their non-porous surface also makes them hygienic as it can easily be sanitized with disinfectants.
Key Takeaways
The Global Cutting Boards Market Size is expected to witness high growth over the forecast period of 2024 to 2031. The market size for 2024 is projected to be US$ 1.49 Bn and is forecast to register a CAGR of 13% during the said period.
Regional analysis: The North American region currently dominates the cutting boards market owing to growing popularity of home-cooking and prevalence of nuclear families in countries like US and Canada. Increased health awareness is also driving consumers to opt for convenient and affordable kitchen accessories. Asia Pacific is projected to be the fastest growing market during the forecast period due to rising disposable incomes and adoption of western lifestyle in countries like India and China.
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, Knox Fuels Tech, Yuva E-Rickshaw, ATUL Auto Limited, Bajaj Auto Limited, J.S. AUTO (P) LTD., Speego Vehicles Co Pvt Limited, Dilli Electric Auto Pvt. Ltd., NDS Eco Motors Private Limited, Goenka Electric Motor Vehicles Private Limited, Sarthak Industries, Perfexorld, V.H.V.O Industries Pvt. Ltd, Mini Metro EV LLP, Pariti, Kinetic Green Energy & Power Solutions Ltd., A G INTERNATIONAL PVT LTD.
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