The increased demand for eco-friendly and sustainable cutting boards, along with growing number of restaurants and hotels around the world are driving the global cutting boards market.
It’s being expected that by 2027, the Cutting Board market cap will hit USD 12080 million at a CAGR growth of about 2.3%.
Covid-19 Impact & Market Status
Due to travel prohibitions and business closures, the COVID-19 has had a negative impact on economies and businesses in a number of countries. The closure of various plants and factories has had a severe influence on global supply chains, negatively affecting manufacturing, delivery schedules, and product sales in the global cutting boards market. It has affected the sales of the cutting board market as well. Looking ahead a few years, the recent stable and slightly gradual falling price trend will continue. The Cutting Boards business has been impacted by the global economic slowdown, although it has maintained a somewhat hopeful growth rate. We anticipate that this business will continue to expand, and that more specialized enterprises will emerge.
The report explores the latest trends in the global cutting boards market and considers what 2021 to 2028 has for the market. Also, the report looks at the some key trends that emerged in the market in past few years and the factors that are likely to changes these trends and its impact on the investors is studied in the report. The trends worth notable and important for investors to understand to earn full profit in the market are detailed in the report. The report also looks at the new strong markets that emerged in the industry. Annual changes in the financials of the market between 2019 and 2022 are detailed in the report. The report describes exports and imports of market products by region and by country. The report discusses the main issues and uncertainties in the market. The report looks at the economic data of the market from across the key regions like North America, Europe, Middle East and Africa, APAC, and others.
Plastic Segment To Have High Demand
The plastic segment will have the maximum growth in global cutting boards market during the analysis period due to the increased need for robust and lightweight cutting boards is to blame for this increase.
Plastic boards are often dishwasher friendly and may be sterilised with a bleach solution or by running them through the dishwasher. Plastic Cutting Boards have a number of advantages, including being lightweight, easy to clean and dishwasher safe, and hygienic.
Bamboo cutting boards are created from bamboo, which is a renewable resource. They are customizable which makes it efficient for various kitchen jobs. Bamboo cutting boards are also simple to clean, requiring only hand washing with soap and water and air drying. Wood Cutting Boards are also there which come in a variety of shapes and sizes.
Commercial Category To Be Lucrative
The commercial segment market for cutting boards in global cutting boards market is predicted to earn the highest market share during the analysis period due to the expanding number of restaurants and hotels around the world.
A cutting board is an essential kitchen equipment with a wide range of applications in the house. Bamboo chopping boards are particularly popular since they are long-lasting, environmentally friendly, and simple to clean. In any kitchen, a cutting board is a must-have item. To meet your needs, you should have a variety of sizes and types.
In industrial kitchens, the usage of a cutting board is critical. The main reason for this is because it can aid in the cleanliness and organisation of the kitchen. In a commercial kitchen, a cutting board can be utilised in a variety of ways like for prepping food, serving food or even cleaning food items.
North America Region To Remain Atop
North America dominated the global cutting boards market. During the predicted period, the European region is expected to increase at a moderate pace. The Asia Pacific region is expected to grow at a rapid pace due to the emerging economies like China, India and the different trends among the people in those places.
Owing to benefits such as durability, reliability, easy maintenance, protective cutting surface, enhanced hygiene, high tensile strength, the cutting boards is experiencing rapid adoption as opposed to manual cutting approaches thus fostering remarkable progress in global cutting boards market.
The factors such as clever cutting board concepts gaining popularity in the world, introduction of unique kitchen accessories, new varieties of cutting boards increasing attractiveness, changing lifestyle, high-disposable income is boosting the global cutting boards market.
The global cutting boards market is estimated to reach close to USD 4860.98 million by 2029 at an annualized growth rate of 6.8% during the forecast period 2022-2029.
Cutting boards, sometimes known as chopping boards, are sturdy flat surfaces which are used to cut meat, fish, vegetables, and fruits among other things. Cutting boards are made up of variety of different materials and are used for several different purposes. They can be used for cutting vegetables, fruits, raw materials etc. They are mainly used to make life easier for the people and to avoid stains on the kitchen or table counter tops. Cutting boards come in a variety of forms and sizes mainly meant to prevent scratches and knife marks on your countertop or table.
People associate low prices with poor quality and a high rate of replacement, hence some more expensive cutting boards are highly popular. Although some local enterprises have a pricing advantage due to inefficient manufacturing processes, low-cost raw materials, and a limited product variety, the duration is much shorter than that of high-quality items. Leading organisations have an advantage in terms of delivering better, more diverse product kinds, superior technical support, and flawless after-sales services. As a result, they control the vast bulk of the high-end market.
However, high maintenance, heavier, bad quality plastic material, and expensive, and unhygienic maintenance causing to develop harmful bacteria further leading to foodborne illness and infection is limiting the use of cutting boards. This is reducing the market value of cutting boards hampering the global cutting boards market.
Furthermore, rising demand for eco-friendly and unique kitchen accessories, increasing hotels and restaurants across the world, growing demand for durable and lightweight cutting boards is anticipated to be growth opportunity to the global cutting boards market.
The cutting boards market has intense competition and consists of several big companies such as Novica, Picnic Time, John Boos, Winco, BergHOFF, Shuangqiang Zhumu, Sage Surfaces, J.K. Adams, Adeco, Madiera, Ukinox, Freshware, Teakhaus , Epicurean, Totally Bamboo, Crate and Barrel, and Vigo among others.
Latest Innovations in the Global Cutting Boards Market: A Snapshot
- In December 2020, WinCo Foods announced a partnership with Afresh, an artificial intelligence-powered fresh replenishment platform, in which Afresh's software would be implemented across their whole chain of grocery stores. WinCo Foods would employ Afresh in its produce sections to reduce food waste, optimise produce inventory, place orders, and increase profitability as part of the agreement.
Cutting Board Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 4860.98 million|
|Growth Rate||CAGR of 6.8 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Novica, Picnic Time, John Boos, Winco, BergHOFF, Shuangqiang Zhumu, Sage Surfaces, J.K. Adams, Adeco, Madiera, Ukinox, Freshware, Teakhaus , Epicurean, Totally Bamboo, Crate and Barrel, and Vigo among others.|
Key Segments of the Global Cutting Boards Market
Type Overview, 2019-2029 (USD Million)
Application Overview, 2019-2029 (USD Million)
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa