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The Cutting Boards 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 are flat surfaces used for food preparation, mainly chopping and slicing of various foods such as vegetables, fruits, meat, and seafood. They come in different materials such as wood, plastic, bamboo, glass, and others. Wood and bamboo cutting boards are considered better than plastic as they are more eco-friendly and less likely to harbor bacteria. However, plastic cutting boards are cheaper and don't require maintenance. Market Dynamics: The growth of the cutting boards market is driven by the growing trend of home cooking and rising health awareness among consumers. The COVID-19 pandemic has led more people to eat home-cooked meals rather than eating outside, driving up demand for cutting boards. Consumers are also increasingly interested in healthy and organic food options, favoring wood and bamboo boards over plastic counterparts. In addition, growing customer inclination towards aesthetically pleasing and sustainable kitchenware products is also fueling market growth. Furthermore, availability of cutting boards in various materials, sizes, colors and styles as per consumer needs also supports the Cutting Boards Market expansion. SWOT Analysis Strength: Cutting boards made from bamboo are strong and durable. They are lightweight and easier to handle than wooden boards. Many boards come in attractive designs that add style to kitchen decor. Weakness: Plastic boards may harbor bacteria if not properly sanitized. Wooden boards can develop crevices over time where germs can hide. Some types of wood are porous and more difficult to clean thoroughly. Opportunity: As home cooking has increased in popularity, more individuals are investing in high-quality kitchen tools like cutting boards. Eco-friendly boards made from renewable materials like bamboo present an opportunity. Threats: stricter regulations regarding food safety could lead to additional requirements for materials used in food preparation areas. Economic downturns may reduce discretionary spending on kitchen accessories. Key Takeaways The global cutting boards market is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing interest in home cooking and focus on environmentally sustainable products. The market size for cutting boards is projected to reach US$ 1.29 Billion By 2023. Regional analysis North America dominates the cutting boards market currently, owing to strong demand for high-quality kitchen tools in countries like the United States. The region is expected to continue exhibiting growth of over 6% during the forecast period. Asia Pacific is anticipated to be the fastest growing region due to rising health consciousness and disposable incomes in nations such as China and India. 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 companies offer a variety of boards made from different materials to cater to consumer preferences regarding style, functionality and sustainability. Read More : https://www.ukwebwire.com/the-growth-of-eco-friendly-and-ergonomic-cutting-boards-market/ |
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September 2023
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