by The cutting boards market comprises wood, plastic, silicone, bamboo and other materials used for cutting fruits, vegetables and meat. Plastic cutting boards are becoming increasingly popular among consumers owing to their moisture and bacteria resistance as compared to wood boards. Plastic boards are affordable, durable and easy to clean. These properties make them ideal for both commercial and household kitchen use.
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 key opportunities in the Cutting Boards Market Demand include growing demand from emerging economies of Asia Pacific and Latin America. These developing countries have a rising middle class population that is willing to spend increasingly on kitchen products.
Recent advancements in plastic materials have led to development of non-toxic, antimicrobial plastics. These innovative plastics reduce chances of bacterial growth on cutting boards, thereby enhancing food safety.
Market Drivers
The rising health awareness among consumers regarding food safety is a major driver for the cutting boards market. Plastic and other material boards reduce chances of cross-contamination from meat and poultry to other food items as compared to wood boards. This prevents spread of foodborne illnesses. Furthermore, growing trend of home-cooking during the pandemic has also boosted demand for cutting boards from residential users.
Challenges in Cutting Boards Market
Some of the key challenges faced by the Cutting Boards Market are high production costs associated with wooden cutting boards, availability of cheaper alternatives made of plastics, and durability and hygiene issues with certain materials like wood. Additionally, increasing prices of raw materials needed for manufacturing cutting boards also pose a challenge. With sustainability becoming a major focus area globally, the market also faces the challenge of moving towards more eco-friendly production processes and sustainable raw material sourcing.
SWOT Analysis
Strength: Cutting boards made of wood offer excellent cutting abilities and are aesthetically pleasing. They also last for several years if properly maintained.
Weakness: Wooden cutting boards require regular oiling to prevent cracks and are prone to bacterial growth over time. Plastic boards made of polyethelyne are not very durable.
Opportunity: Growing focus on eco-friendly products offers opportunities for manufacturers to explore use of recycled wood, bamboo, polymeric composites etc. Innovative dual material boards combining strengths of different materials is another growth area.
Threats: Availability of cheaper plastic alternatives and preference for disposable/replaceable boards pose threats. Economic slowdowns can impact general consumer spending on kitchen accessories.
Geographical Regions
North America currently accounts for the largest share in the global cutting boards market in terms of value. This is attributed to high consumption rates of packaged and processed food items requiring cutting and chopping. The region is also a major producer and exporter of various fruits and vegetables augmenting market demand.
Fastest Growing Region
Asia Pacific region is expected to witness the fastest growth in the cutting boards market over the forecast period. This can be accredited to rising health-conscious population, evolving food consumption patterns, growing affluence in countries like India and China, and establishment of many quick service restaurants in the region contributing to market growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
