Cutting Boards Market To Benefit From Rising Demand For Wooden Cutting Boards For Culinary Skills

Cutting Boards Market

The cutting boards market refers to durable surfaces designed for food preparation through chopping, slicing, and dicing of ingredients. Cutting boards are made using various materials including wood, plastic, bamboo, granite, and glass. Among these, wooden cutting boards are preferred by professional chefs and home cooks owing to their hardness, anti-bacterial properties, and ability to help retain juices and moisture in food being prepared. Wooden boards are considered better for knives as well due to their ability to maintain the sharpness of blades. With growing interest in culinary skills and emphasis on fresh ingredients among consumers, the demand for wooden cutting boards is rising significantly.

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 Cutting Boards Market Demand provides multiple opportunities for players to expand their product portfolios and focus on ergonomic designs. Increased focus of consumers on home-cooking and skills is expected to drive sales of high-quality wooden boards.

North American and European players are exploring opportunities in Asia Pacific and Middle Eastern markets to leverage growth opportunities through partnerships and joint ventures.

Market drivers

The key driver of the cutting boards market is the rising demand for wooden cutting boards from professional chefs and home cooks. Wooden boards are considered superior in terms of safety, hygiene and helping retain juices in food items compared to plastic or other materials. They do not absorb knife marks or odors and impart natural and soft textures to food. The emphasis on procuring fresh and natural ingredients is driving the preference for wooden cutting boards.

Market restraints

High prices of premium quality wood used in manufacturing cutting boards pose a restraint on the market. Tropical hardwood variants are sourced through forestry and involve long production cycles, driving up costs. Strict regulations pertaining to wood exports from some countries also act as a restraint for global manufacturers.

Segment Analysis

The cutting boards market is segmented into wood, plastic, bamboo and other material types. Wood cutting boards dominate the market currently holding around 30% share as wood provides natural antibacterial properties and is considered safer for knives. However, the plastic segment is expected to grow at a higher pace during the forecast period. Plastic boards are affordable, lightweight and easier to clean in comparison to wooden boards driving their adoption amongst home cooks and individuals.

Global Analysis

Regionally, the North America cutting boards market currently holds the largest share and is expected to continue its dominance during the forecast period. Higher spending power, established retail infrastructure and growing health conscious population driving the demand for cutting boards in the region. Asia Pacific cutting boards market is projected to grow at the fastest pace during the forecast period. Countries like India, China and Japan are witnessing rapid urbanization, increasing number of nuclear families and working population driving the demand for convenient and easy to use kitchen accessories like cutting boards in the region.

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