Capacity Building Through Environment Friendly Materials Drives The Global Cutting Boards Market Growths
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Cutting Boards Market |
Cutting
boards made from environment-friendly materials like bamboo are becoming
increasingly popular among health-conscious consumers as they are durable and
easier on the environment compared to plastic. Cutting boards made from bamboo
are sturdy, renewable sources that minimize damage to kitchen knives during
food preparation. They are bacteriostatic, meaning their natural properties
make it harder for bacteria to survive and spread on the surface. 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 6.8% over the forecast period 2023 to 2030, as highlighted
in a new report published by Coherent Market Insights.
Market key trends:
Growth Accelerated by Sustainable Production Methods
The increasing demand for cutting boards made from sustainable raw materials
such as bamboo has led producers to invest in renewable and recyclable
production methods. Leading manufacturers are focusing on utilizing recycled
materials in the manufacturing of cutting boards to meet the rising demand for
eco-friendly products from health-conscious consumers. Additionally, the
implementation of sustainable manufacturing practices allows producers to
minimize the environmental footprint of operations. This has significantly
aided market growth over the past few years. Consumers are also willing to pay
higher prices for cutting boards produced from recycled wood or plant-based
materials using green production techniques.
Segment Analysis
The global cutting boards market is segmented by material type into wood,
plastic, bamboo, stone, glass, and others. Among these, the plastic segment
dominates the market with over 30% market share. Plastic cutting boards are
affordable and durable compared to wooden boards. They are easy to clean and
maintain and do not absorb knife cuts or odors like wood boards. This has made
plastic the most popular material for cutting boards.
Key Takeaways
The global Cutting
Boards Market Scope is expected to witness high over the forecast
period of 2023 to 2030. The market is projected to grow at a CAGR of 6.8%
during this period and reach a size of US$ 1.29 billion by 2023.
Regional analysis:
North America currently holds the largest share of over 35% of the global
cutting boards market. Increased health awareness and growing demand for
hygienic and convenient kitchen accessories are driving market growth in the
region. Europe is expected to be the fastest growing regional market owing to
popularity of home-cooking and rising disposable income in countries like
Germany, UK and France.
Key players:
Key players operating in the cutting boards market are Nomad Foods Ltd.,
Bakkavor Foods Ltd., General Mills, McCain Foods, Premier Foods Group Ltd., 2 Sisters
Food Group, Greencore Group Plc.,Orkla ASA, ConAgra Foods Inc., ITC Limited.
Nomad Foods and General Mills dominate the market with their diverse product
portfolio and strong distribution networks across various countries.
Get more insights on this topic: https://www.newsstatix.com/cutting-boards-market-size-and-share-analysis-growth-trends-and-forecasts-2023-2030/
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