USD 524.8 million
Global Electric Lunch Box Market Size, Share, Growth Analysis, By Type(Metal, Plastic), By Technology(Microwave, Steamed), By Distribution Channel(Supermarkets, Hypermarkets) - Industry Forecast 2024-2031
Report ID:
SQMIG25E2092 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|
Tables:
93 |
Figures:
76
Global Electric Lunch Box Market Insights
Electric Lunch Box Market size was valued at USD 524.8 million in 2019 and is poised to grow from USD 559.44 million in 2023 to USD 994.41 million by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
Customers like lunch containers with electrical connections so they can plug them in and reheat their food whenever and wherever they like. This increases the product's adaptability, which not only makes it easier to use but also increases consumer interest in the product. Over the previous five years, there have been several innovations and technological advancements worldwide. Producers of kitchenware are constantly looking for novel ways to enhance their product lines in order to return their financial curves to the high growth phase. For instance, battery-operated electric lunch boxes have been made available on the market by Milton and Tedemei.
Manufacturers of electric lunch boxes continue to place a high priority on coming up with creative ideas that make using the product easier. As an illustration, producers are spending money on insulation and product casing that would improve heat retention, creating a transient environment barrier that keeps the food from being chilly or spoiling. The general public's eating habits, particularly those of millennials, have changed significantly over the previous five years as a result of the advent of the digital age.
Although eating out typically draws more people, people today are more likely to prefer eating at home since they place a higher importance on their health. It is predicted that during the next few years, rising home-cooked meal consumption would significantly increase demand for electric lunch boxes.
Consumer-focused new concepts will always rank highly for manufacturers. Customers are favouring healthier home-cooked meals as a result of the rise in lifestyle conditions like obesity, diabetes, and other diseases. Street junk food, fatty foods, and other food products are the main causes of these diseases. Long-term market growth is also projected to be aided by rising health consciousness and simple access to novel items like electric lunch boxes. The market for electric lunch boxes in the Asia Pacific area is significantly increasing due to improvements in research and development programmes, particularly in China and Japan and a move toward eco-friendly products.
US Electric Lunch Box Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Plastic
Fastest Growth
Plastic
Growth Rate
6.6% CAGR
Global Electric Lunch Box Market ($ Mn)
Country Share for North America Region (%)
Country Share for Aisa Pacific Region (%)
Global Electric Lunch Box Market By Type ($ Mn)
Global Electric Lunch Box Market By Type (%)
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Global Electric Lunch Box Market Segmental Analysis
Global Electric Lunch Box Market is segmented on the basis of Type, Technology, Distribution Channels, and Region. Based on Type, the Electric Lunch Box Market is segmented into Metal, Plastic, Glass, Combined. Based on Technology, the Electric Lunch Box Market is segmented into Microwave, steamed, Battery Powered, Wired. Based on Distribution Channel, the Electric Lunch Box Market is segmented into Supermarkets, Hypermarkets, Retail Outlets, Online Stores. Based on region, the global Electric Lunch Box Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Electric Lunch Box Market Analysis by Type
Electric lunch boxes are made up of various constituents and these are segmented into glass, metal, plastic, and combined. The combination of steel and plastic segment accounts for the largest market share in the year 2021. This is because of the value it delivers as the product, it is light weighted as well as durable at the same time. The combined material provides a clean, durable, and long-lasting package to the user. These are some of the key factors that will drive the electric lunch box market during the analysis period.
Electric Lunch Box Market Analysis by Technology
These electric lunch boxes are designed using various techniques that could be segmented into the microwave, steamed, battery-powered, and wired. The wired segment holds the lion’s portion of the market in the year 2021 as there are easy to make and use and are very cost-effective substitutes for battery-powered ones. The market is still filled with wired electric lunch boxes and will remain the same through the analysis period. The convenience of using them and the safety and services provided by wired electric lunch boxes are at par with any other technology.
The battery-powered electric lunch box will see tremendous growth in the coming phase due to the convenience of using it everywhere. Which in turn will propel the growth of the electric lunch box market during the analysis period.
Global Electric Lunch Box Market By Type, 2023 (%)
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Global Electric Lunch Box Market Regional Insights
In 2021, North America held the major electric lunch box market share and will maintain the same share throughout the analysis period. The growing trend of outing with friends and relatives is one of the key reasons for dining away from home. It provides warm and fresh food for these outdoor circumstances that are stimulating the demand for the market.
The Asia Pacific is anticipated to show tremendous growth during the analysis period. Growing awareness of people about healthy meals and inadequate food outlets in places is driving the electric lunch boxes demand. Further growing investments into the food container sector are also pushing the growth in the electric lunch box market.
Global Electric Lunch Box Market By Region, 2024-2031
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Global Electric Lunch Box Market Dynamics
Electric Lunch Box Market Driver
Serge in consuming healthy and homemade food.
- Growing trend of consuming homemade and healthy food is anticipated to drive the demand for the electric lunch box market during the analysis period. Increasing diseases due to consumption of junk food are a major reason for this growing trend to shift toward a healthy regime.
- Being portable and keeping food warm and freshly prepared for a long time is the main USP of the product and this is increasing the ease of caring for food. These all factors inflate the electric lunch box market in the coming time.
Electric Lunch Box Market Restraint
Availability of cheaper alternative
- Presence of various other alternatives in the market which are plastic lunch boxes, metal lunch boxes, and other conventional lunch boxes are major restraints for the electric lunch box market growth.
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Global Electric Lunch Box Market Competitive Landscape
The Electric Lunch Box market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Electric Lunch Box Market Top Player’s Company Profiles
- Cello World
- Groupe SEB
- Hengli Electric Industrial Co. Ltd.
- Kotobuki Plastic Co., Ltd.
- Lock&Lock Co., Ltd.
- MAXCOOK
- Milton
- Monbento
- Panasonic Corporation
- Philips Electronics N.V.
- Prepara
- Shenzhen ChengXingWeiYe Industrial Co.,Ltd.
- Shanghai TES Electrical Electronic Corp., Ltd.
- Sunpentown Inc.
- Tatung Company
- Tiger Corporation
- Zojirushi Corporation
- Guangdong Guanghong Holdings Co., Ltd.
- Guangdong Hengjian Group
- Guangdong Shunde Lianhua Electrical Appliance Industrial Co., Ltd.
Electric Lunch Box Market Recent Developments
- In June 2022, Milton launched new series of insulated lunch boxes that aid to keep the dish warm and fresh for a longer period. These are also leakproof and allow the customer to take the home-cooked food even though liquid nourishment on a long trip without affecting the value and nutrients of the food.
- In June 2022, Cello a food container and bottle manufacturer launched its colorful combined material tiffins which contain a metal base and a plastic top making them lightweight and durable products.
Global Electric Lunch Box Key Market Trends
- People around the world are now conscious of their health and the importance of healthy and fresh food importance in strength and wellbeing. These encourage them to consume homemade food and the electric lunch box helps in maintaining the temperature and quality of the food same and preserving the nutrients for a long period of time. These all features are driving the electric lunch box market to grow during the analysis period.
Global Electric Lunch Box Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Electric Lunch Box Market analysis, the growing trend of consuming homemade and healthy food is anticipated to drive growth of the electric lunch box market during the analysis period. Increasing diseases due to consumption of junk food are a major reason for this growing trend to shift toward a healthy regime. The combination of the steel and plastic segments accounts for the largest market share and the wired segment holds the lion’s portion of the market in the year 2021 as these are easy to make and use and are very cost-effective substitutes for battery-powered ones. North America is expected to hold the lion’s share in the electric lunch box market globally and will maintain the same share throughout the analysis period. The growing trend of outing with friends and relatives is one of the key reasons for dining away from home will fuel the growth of the electric lunch box market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 524.8 million |
| Market size value in 2031 | USD 994.41 million |
| Growth Rate | 6.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Electric Lunch Box Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Electric Lunch Box Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Electric Lunch Box Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Electric Lunch Box Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Electric Lunch Box Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Electric Lunch Box Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Electric Lunch Box Market Report Snapshots
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