Cutting Boards, also called chopping boards, is a type of kitchen utensils, mainly used in conjunction with the knife to cut meat, fish, vegetables and fruits and so on.
The Cutting Boards industry concentration is low; there are more than ten thousand manufacturers in the world, and high-end products mainly from North America, Western European and Japan.
The key consumption markets locate at developing countries, because of the higher replacement rate of cheaper cutting boards. While food industry, supermarkets and restaurants, etc. become increasing consumption fields. China takes the market share of 34.33%, followed by U.S.A. with 24.84%. Europe and Japan’s consumption market occupies 21.86%.
In the international market, the marketing channels characteristic differ from company to company.
The international companies prefer combination of stationed in physical stores and electricity sales, or some kitchen ware brands set direct-sale store and present their cutting boards.
Companies in developing countries such as China and India, in contrast, put more effort on direct selling business covering located market, and it is a common phenomenon in this industry. As they do not have that much international brand influence, their product quality is not good enough comparing with leading companies, however, they have price advantage. They like to expand their market share in developing countries and low-end international market.
The market is influenced by the price, while the cutting boards are necessities of life. People considers the low price referring to low quality and high replacement rate, hence some more expensive cutting boards are quite popular. Although China domestic companies have price advantage since the poor manufacture processing, cheap raw material and less diversity of products, the duration is much shorter than high quality goods.
According to this study, over the next five years the Cutting Boards market will register a 2.4% CAGR in terms of revenue, the global market size will reach US$ 11000 million by 2024, from US$ 9580 million in 2019.
Global Cutting Boards Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Cutting Boards Industry report also provides essential attributes associated with Cutting Boards market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Cutting Boards Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Cutting Boards business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Cutting Boards market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
Other (glass, steel, marble material etc.)
Market Segment by Applications, can be divided into:
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