by The Cutting Surface Revolution 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 play a key role in kitchens and are indispensable tools for preparation of a variety of food items. From precision dicing of vegetables and slicing meat to butchering whole cuts, cutting boards come in diverse materials, sizes, and designs to suit varied tasks efficiently. Their non-porous and easy to clean surface helps maintain kitchen hygiene and reduce cross-contamination risks.
Market Dynamics:
Robust growth in foodservice industry is fueling demand for commercial grade cutting boards that ensure durability under heavy usage. Rapid urbanization and rising number of restaurants, hotels, and cafes are prompting new establishments to invest in high-quality chopping surfaces for swift and hygienic food preparation. Additionally, increasing health consciousness among consumers is propelling the popularity of bamboo and butcher block boards made of environment friendly materials. Their natural antibacterial properties reduce chances of bacterial growth compared to plastic variants. Consumers perceive them as safer and eco-friendly options. Changing lifestyles and busy routines of modern families also drive the need for multipurpose and space-saving cutting boards with drainage grooves to streamline kitchen tasks.
Market Key Trends:
One of the key trends observed in the Cutting Boards Market is the rising preference for eco-friendly wood and bamboo material based boards over conventional plastic boards. With growing environmental concerns, consumers are choosing more sustainable options for their kitchenware. Bamboo and wood are renewable sources and decompose naturally, making them preferable over plastic. Several manufacturers are introducing cutting boards made from recycled wood, bamboo, rubberwood, acacia etc to capitalize on this trend.
SWOT Analysis
Strengths: Eco-friendly natural materials like wood and bamboo provide an advantage over plastic. Properties like durability and withstand to bacteria make them suitable for food preparation.
Weaknesses: Wood and bamboo boards require handwash and may develop cracks or splits with regular use. Plastic boards are dishwasher safe but not environment friendly.
Opportunities: Growing popularity of artisanal and handcrafted products offer scope to introduce innovative designs and patterns. Expanding organic and eco-conscious consumer base is an opportunity.
Threats: Availability of cheaper plastic alternatives poses pricing pressure on natural material boards. Strict regulations over tree felling can impact raw material supply.
Key Takeaways
The global cutting boards market size was valued at US$ 1.29 Billion In 2023. Growing preference for home cooking during the pandemic has boosted demand for cutting boards. The market is expected to grow at a CAGR of 7.3% during the forecast period of 2023-2030.
Regional analysis: North America dominated the market in 2023 led by demand in the US market. Asia Pacific is projected to be the fastest growing market during the forecast period supported by rising disposable incomes in countries like China and India.
Key players analysis: 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. The market is highly fragmented with private label brands accounting for a significant share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
