Electric Lunch Box Market Trends

The electric lunch box market is expected to observe an attainable growth during the forecast period, i.e., 2020-2028. The market is segmented by type, application, technology, distribution channel, and region. Among the distribution channel, the online segment held the prevalent share on account of the breakthrough shift in the shopping trends of the majority of shoppers across the world. It offers ease to the customers while shopping especially in the current situation of a global pandemic and additionally, the number of suppliers online has augmented tremendously, as online podiums offer equal profit to the sellers and manufacturers globally which has picked digital platforms for generating product awareness, and consequently upturned the sales of the product.

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. CLICK TO DOWNLOAD SAMPLE REPORT

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.

Restraints

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.