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The electric lunch box market has been gaining popularity over the traditional lunch boxes due to the added convenience they provide. Electric lunch boxes come equipped with heating features that allow users to heat up their food in a few minutes with just the press of a button. They also maintain the temperature of food for extended hours ensuring that it stays warm till consumption. This prevents food spoilage and saves users’ time spent reheating food multiple times throughout the day.
The global Electric Lunch Box Market is estimated to be valued at US$ 600 million in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The key trend fueling the growth of the electric lunch box market is the convenience they provide to users. People lead busy lives with tight schedules leaving little time for elaborate breakfast and lunch preparations. Electric lunch boxes enable users to simply pack cooked or pre-made food in the morning and carry it along without worrying about it getting cold throughout the day. The heating and temperature maintenance features ensure users get to enjoy warm and appetizing meals even during short breaks at work or between activities. This has boosted the preference for electric boxes over traditional variants leading to increased demand and projected high growth of the market over the forecast period.
Key players related content comprises Key players operating in the electric lunch box market are Panasonic, TAYAMA, Zojirushi, Thermo Prep, KYOKUYO, Pigeon, Bentology, Wonderchef, House of Nirth, Vintage. Another major factor estimated to drive growth is the rising penetration of internet of things (IoT)-enabled electric lunch boxes and connected devices.
Segment Analysis
The global electric lunch box market is dominated by the non-connected segment. The absence of smart connectivity and lack of app-based features in food thermoses drive their widespread adoption. Non-connected lunch boxes are affordable and require no app downloads or Bluetooth pairing, making them an ideal solution for budget-conscious consumers. However, the connected segment is expected to witness higher growthdue to increasing proliferation of smart home appliances and growing popularity of IoT technology among younger demographics.
Regional analysis related content comprises The Asia Pacific region currently dominates the electric lunch box market and is expected to continue its dominance over the forecast period. Growing health awareness and rising food safety concerns are driving the sales of electric lunch boxes in countries like China, India, and Japan. North America is projected to witness the fastest growth owing to increasing popularity of smart kitchen appliances and focus on fitness and healthy lifestyle in the US and Canada.
Key Takeaways
The global Electric Lunch Box Market is expected to witness high growth. The global Electric Lunch Box Market is estimated to be valued at US$ 600 million in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
