by Cutting boards are rigid platforms used to provide a solid backing surface for food being cut or chopped. They come in various materials such as wood, plastic, bamboo, glass, and others. Wood and plastic are the most commonly used materials for cutting boards. Cutting boards help protect kitchen counters or tables from damage and make food preparation safer and easier. The global food processing industry’s growth has fueled the demand for cutting boards from commercial consumers such as restaurants, cafes, and takeout joints.
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 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 processing industry is creating demand for cutting boards from commercial establishments such as restaurants, cafes, and takeaway joints. With increasing number of people opting for takeout and home delivery of food items, the demand for cutting boards is expected to rise significantly over the forecast period.
The global expansion of Quick Service Restaurants (QSR) chains such as McDonald’s, Burger King, Starbucks, Domino’s Pizza and others will drive the growth of commercial cutting boards market. With growing number of outlets worldwide, the demand for commercial grade cutting boards from QSR chains is anticipated to increase substantially in the coming years.
Market Drivers
The increasing popularity of home-cooked meals during the pandemic has boosted retail sales of cutting boards. With more people opting to cook at home, the need for having a dedicated surface to prepare ingredients and food items grew, thereby driving sales. In addition, the rising health-conscious population prefers Cutting Boards Market made of wood or bamboo over plastic due to perceived food safety benefits. This trend is a major factor propelling the demand for cutting boards globally.
PEST Analysis
Political: Environment-friendly policies regarding wood production impact the cutting boards market. Rules regulating the use of certain types of wood affect supply.
Economic: Changes in consumer spending influence demand. Fluctuations in raw material costs affect manufacturers.
Social:Focus on eco-friendly and sustainable products increases demand for boards made from recycled/renewable materials. Population growth and smaller household sizes drive sales.
Technological: Advances in board design and composite materials expand product options. Online retail platforms enhance accessibility.
North America holds the largest value share for cutting boards as consumers invest in high-quality kitchen tools and host frequent dinner parties at home. Western Europe is another concentrated region due to buyers’ willingness to pay premium prices for aesthetically pleasing, artisanal products.
The Asia Pacific region is growing the fastest as rising disposable incomes boost spending across all kitchen appliance categories including cutting boards. Increased urbanization is driving large nuclear families to smaller living spaces where space-saving, multipurpose products are preferable. Growth is led by China, India and Southeast Asia.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
