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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).

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. '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.'

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.

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.

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.

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Global Electric Lunch Box Market

Product ID: SQMIG25E2092