Electric Lunch Box Market Trends

  • Report ID: 2705
  • Published Date: Oct 17, 2024
  • Report Format: PDF, PPT

Electric Lunch Box Market Trends

Growth Drivers

An upsurge in the consumption of home-cooked food

Consumers are inclining towards healthy home-cooked meals on account of escalating lifestyle disorders such as obesity, diabetes, PCOD among women, which majorly arises due to the consumption of junk, oily and packed food products such as chips, and others. Additionally, the rising awareness related to health and easy accessibility to such innovation-driven products such as an electric lunch box has contributed significantly towards the global electric lunch box market growth. 

Convenience products such as an electric lunch box

The capability of an electric lunch box to offer warm food in an extremely portable manner is expected to draw a massive consumer base, particularly avid travelers and employees.

Additionally, an increase in per capita consumption in evolving nations,  growing influence of U.S. culture using electric lunch boxes, an increase in the working population around the world, and an expansion in digital advertisements concerning the advantages of an electric lunch box notably supporting the overall market growth.

Challenges

The convenience of cheaper substitutes

The availability of other low-cost alternatives such as insulated lunch boxes, regular steel, plastic or glassware tiffin, and microwave safe lunch boxes might impede the growth of the electric lunch box market.

The overall halt in the marketplace owing to COVID-19 is also disturbing the market of electric lunch box owing to the shutting down of factories, interruption in the supply chain, and a fall in the global economy.

Electric Lunch Box Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

4.4%

Base Year Market Size (2023)

USD 1.05 billion

Forecast Year Market Size (2036)

USD 1.84 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Parul Atri


  • Report ID: 2705
  • Published Date: Oct 17, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of electric lunch box is assessed at USD 1.09 billion.

Electric Lunch Box Market size was over USD 1.05 billion in 2023 and is projected to reach USD 1.84 billion by 2036, witnessing around 4.4% CAGR during the forecast period i.e., between 2024-2036.

North America industry is poised to account for largest revenue share by 2036, due to large pool of working population and awareness among individuals.

The major players in the market are TAYAMA APPLIANCE USA INC., Haven Innovation, Newell Brands, Hamilton Housewares Pvt. Ltd., Jaypee Plus, Koolatron CA, Cello World, Girmi, and others.
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