The cutting boards market has witnessed significant growth over the past few years owing to growing demand from commercial kitchens and households globally. Cutting boards made from various materials such as bamboo, plastic, glass, and wood are used extensively in food preparation activities. Wooden cutting boards are considered the best for cutting and chopping meat, poultry, and seafood as they are biodegradable and do not harbor bacteria. On the other side, plastic and glass cutting boards are durable and dishwasher safe. Cutting boards find wide usage in restaurants, grocery shops, butcher shops, and homes for dicing, slicing, and chopping various foods.
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.
Key Takeaways
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. The market is witnessing growing demand owing to increasing food preparation activities around the world. Technological advancements are also being made to manufacturing cutting boards using advanced materials offering better performance.
Market Trends
Wood remains the most popular material for Cutting Boards Market Demand owing to its natural antibacterial properties. However, bamboo-based boards are gaining popularity due to bamboo being a fast-growing, renewable material. Cutting boards integrated with built-in knife holders and juice grooves are trending in the market. Manufacturers are also developing lightweight, portable, and space-saving designs to cater to small kitchen spaces.
Market Opportunities
The commercial sector, including restaurants, grocery shops, and butcher shops offer major opportunities for cutting board suppliers. demand for cutting boards is also expected to rise from online food delivery and takeout businesses. Growing health-conscious consumer preference for non-plastic products will drive the adoption of wooden and bamboo cutting boards. Innovation in material such as hybrid boards combining advantages of different materials will further provide new growth opportunities.
Impact of COVID-19 on Cutting Boards Market Growth
The COVID-19 pandemic had a significant impact on the growth of the cutting boards market initially. During the lockdown phase in early 2020, supply chains were disrupted and manufacturing facilities had to temporarily suspend operations. This led to a shortage of cutting boards in the market. Demand also declined substantially as people focused more on essential goods and consumers cut back on discretionary purchases. Retail stores and shopping malls remained closed for prolonged periods, further affecting sales. However, as restaurants and take-out services adapted to changing consumer behavior and increased their focus on home deliveries and cooking at home, demand for cutting boards picked up again among households. With more people cooking and preparing food at home during the lockdowns, cutting boards saw renewed demand. As supply chains resumed operations with safety protocols and markets reopened gradually post lockdowns, the production and supply of cutting boards also normalized. Going forward in the forecast period, the cutting boards market is expected to grow steadily, supported by continued emphasis on health, hygiene and home cooking even as the pandemic threat recedes.
Geographical Regions with High Concentration of Cutting Boards Market Value
North America currently accounts for the largest share of the global cutting boards market in terms of value. This is attributed to high disposable incomes, busy lifestyles and busier schedules that promote home cooking. The region also has a strong culture of DIY activities and influence of celebrity chefs that highlight the importance of specific kitchen tools like cutting boards. Within North America, the United States generates maximum demand due to the size of its food industry and population. Europe is another major market for cutting boards owing to advanced culinary culture and emphasis on food presentation across countries in Western and Central Europe.
Fastest Growing Region for Cutting Boards Market
The Asia Pacific region is expected to register the fastest growth in the cutting boards market during the forecast period. This is because countries like China and India have the world's largest populations as well as rapidly growing middle-class segments with increasing disposable incomes. As lifestyles become busier, emphasis on convenience and better time management in cooking is propelling the sales ofcutting boards and other kitchen gadgets in Asia Pacific. Rising health consciousness is also driving demand as people prefer cutting different foods separately to avoid cross-contamination. The Asia Pacific cutting boards market is driven by mounting demand across both residential and food service sectors across the region.
Get More Insights On, Cutting Boards Market
Explore More Related On, Copper Sputtering Target Market
Comments
0 comment