Electric lunch boxes have gained popularity among individuals seeking the convenience of enjoying warm, homemade meals while on the move, at the workplace, or during travel. Available in diverse sizes and designs, advanced models offer additional features such as temperature control, multiple compartments, and the capability to cook or reheat various types of food. The innovative design of electric lunch boxes aligns with the demands of the modern lifestyle, presenting a convenient solution for individuals who prioritize the enjoyment of home-cooked meals outside their residences.
According to Data Bridge Market Research analyses that the Global Electric Lunch Box Market was valued at USD 596.36 million in 2022 is expected to reach USD 994.41 million by 2030, registering a CAGR of 6.60% during the forecast period of 2023 to 2030.
"Rise in Demand for USB-Compatible Electric Lunch Boosts the Market Growth"
The global electric lunch box market is experiencing a notable driver in the growing demand for lunch boxes with low electricity consumption. Contemporary consumers prioritize lunch boxes that require minimal electricity, allowing them to conveniently connect to the universal serial bus (USB) charging ports in cars. This feature not only reduces power consumption but also enhances the travel-friendliness of these lunch boxes, making them ideal companions during excursions and vacations. The surge in short trips and outings, whether for official purposes or leisure, is anticipated to boost the adoption of electric lunch boxes, driving market growth. The convenience of USB connectivity aligns with the modern lifestyle, contributing to the increasing popularity of these energy-efficient lunch boxes.
What restraints the growth of global electric lunch box market?
“Affordable Alternatives Limits the Market Growth”
The growth of the global electric lunch box market is constrained by the availability of alternative and more affordable options. Consumers have access to a variety of alternatives, such as insulated and microwave-safe lunch boxes, as well as traditional steel, glassware, or plastic tiffin containers. The existence of these alternatives provides consumers with choices that may be perceived as more cost-effective, hindering the widespread adoption of electric lunch boxes. This competition from lower-priced alternatives acts as a significant restraint on the expansion of the electric lunch box market as consumers weigh their options based on both functionality and affordability.
Segmentation: Global Electric Lunch Box Market
The global electric lunch box market is segmented on the basis of type, technology, material use, application, price range, end-user, distribution channel and product.
- On the basis of type, the global electric lunch box market is segmented into grid electric lunch boxes, and container electric lunch boxes
- On the basis of technology, the global electric lunch box market is segmented into microwave application, and steam
- On the basis of material use, the global electric lunch box market is segmented into plastic, metal, and glass
- On the basis of application, the global electric lunch box market is segmented into food, drink, vegetables, and others
- On the basis of price range, the global electric lunch box market is segmented into below US$ 10 electric lunch boxes, US$ 11-25 electric lunch boxes, US$ 26-50 electric lunch boxes, and above US$ 50 electric lunch boxes
- On the basis of end-user, the global electric lunch box market is segmented into household, and commercial
- On the basis of distribution channel, the global electric lunch box market is segmented into online, and offline
- On the basis of product, the global electric lunch box market is segmented into multi-layer, double-layer, and single-layer
Regional Insights: North America dominates the Global Electric Lunch Box Market
In North America, U.S. dominates the global electric lunch box market due to its diverse product range and efficient distribution channels. The region's growing preference for innovative lunch boxes and the surge in online retail contribute significantly to market dominance. The availability of these products through various channels and the convenience of online shopping drive the industry's success in North America.
The Asia-Pacific region is set to lead the global electric lunch box market's growth from 2023 to 2030, driven by increased urbanization, rising disposable income, and rapid adoption among the working class in countries such as India and China. The demand is fueled by a need for convenient meal solutions in urban areas, higher spending capacity, and a preference for time-saving kitchen appliances, particularly among the workforce.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-electric-lunch-box-market
Recent Developments in Global Electric Lunch Box Market
- In February 2020, Kobwa introduced an innovative series of electric lunch boxes designed to extend the freshness of food. This product line emphasizes the quick preparation of fresh, home-cooked meals. Harnessing the power of steam, the electric lunch boxes enable the cooking of various ingredients, including raw chicken, beef, fish, eggs, and noodles, offering a convenient and efficient solution for on-the-go meal preparation.
The Prominent Key Players Operating in the Global Electric Lunch Box Market Include:
- Zojirushi America Corporation (U.S.)
- Cello (India)
- Hamilton Housewares Pvt. Ltd. (India)
- Haven Innovation (U.S.)
- Koolatron (U.S.)
- Newell Brands (U.S.)
- SKG Electric Co., Ltd. (Thailand)
- Tayama Appliance Inc (U.S.)
- GiftEzee (India)
- Sociosis Productions (India)
- HotLogic (U.S.)
- Thermos LLC (U.S.)
- Garmin Ltd. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global electric lunch box market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Electric Lunch Box Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
