by Cutting boards are an essential kitchen tool used for slicing, dicing, and chopping various ingredients. They come in different materials like wood, plastic, bamboo, stainless steel, etc. Cutting boards made from sustainable materials like bamboo are gaining popularity due to their eco-friendly nature. They are durable, resilient to cuts and marks, and easy to clean.
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 demand for cutting boards made from sustainable materials like bamboo is growing significantly owing to rising environmental concerns and focus on reducing plastic waste. Bamboo is one of the fastest-growing plant species and is a renewable resource. It is a tough and durable material for cutting boards that perform as efficiently as plastic or wood boards without harming the environment. The availability of attractive and styles of bamboo cutting boards in online and offline retail stores is boosting their adoption among consumers. This growing demand is expected to drive the cutting boards market during the forecast period.
SWOT Analysis
Strength: Cutting boards made from bamboo, acacia wood and other eco-friendly materials are gaining popularity due to their sustainable nature. These materials are durable and provide excellent cutting surfaces.
Weakness: Plastic cutting boards are cheaper than wooden boards but they can harbor more bacteria. Improper cleaning and maintenance can damage wooden boards over time.
Opportunity: Growing focus on home cooking and do-it-yourself food preparation is driving the demand for various types of cutting boards. Innovation in board styles, sizes and designs presents new opportunities.
Threats: Availability of alternative cooking and food preparation appliances can limit the demand for cutting boards. Economic slowdowns may negatively impact consumer spending on such kitchen products.
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 cutting boards was valued at US$ 1.49 Billion in 2024 and is projected to reach US$2.53 billion by 2031, registering a CAGR of 13% during the forecast period.
Regional analysis – North America dominated the global cutting boards market in 2024 and is expected to maintain its lead through 2031. This can be attributed to growing popularity of home-cooked meals and presence of major kitchenware brands in the region. Asia Pacific is anticipated to be the fastest growing regional market owing to rising health-conscious consumer base and expanding middle-class population in countries like India and China.
Key players – 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. These companies are focusing on new product launches and strategic partnerships to gain more revenue share in the growing cutting boards market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
