The global Cutting Boards Market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Cutting boards are versatile kitchen tools used for a variety of food preparation tasks such as chopping, slicing and dicing of vegetables, fruits, meat and seafood. Made from various materials like wood, plastic, bamboo, glass and others, cutting boards come in different sizes, shapes and styles to suit individual needs. They keep work surfaces sanitary by containing food waste and juices released during cutting. Their non-porous and easy to clean nature makes them convenient to use. Increased focus on home cooking and do-it-yourself meal preparation is driving demand for multipurpose and durable cutting boards.

Market key trends:
The Global Cutting Boards Market Scope is witnessing noteworthy trends such as growing popularity of bamboo and plastic cutting boards. Bamboo boards are sustainable, cruelty-free and have natural antimicrobial properties which make them ideal for vegetable and fruit preparation. Plastic boards are affordable, shatterproof, stain and moisture resistant, making them suitable for heavy-duty meat and chicken slicing. Manufacturers are launching innovative cutting board designs like reversible, extra-large, divided and magnetic boards to enhance convenience. Rising health and hygiene awareness is also propelling the demand for antimicrobial boards that inhibit bacterial growth. Continuous product innovation focused on different surfaces, sizes and functionalities will favor market expansion over the forecast period.
Porter's Analysis

Threat of new entrants: New players find it difficult to enter the market because of the requirement of high capital investment and the presence of established brands.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of a variety of material and size options offered by vendors.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to the availability of substitute raw materials.

Threat of new substitutes: The threat of substitutes is low as cutting boards offer unique functional advantages over other products.

Competitive rivalry: The market features tough competition between vendors due to their focus on product innovation.

Key Takeaways

The global cutting boards market is expected to witness high growth, exhibiting a CAGR of 7.3% over the forecast period, due to increasing preference for eco-friendly and multipurpose cutting boards.

Regional analysis

North America is expected to dominate the cutting boards market during the forecast period. The US accounts for the major share of the regional market due to the high demand for green and sustainable products. Changing lifestyles and rising health consciousness are also driving the demand.

Key players

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. These players are focusing on new product launches and partnerships to gain a competitive edge in the market.

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