(MENAFN- Ameliorate Digital Consultancy)
The Electric Lunch Box market is expected to be worth US$ 1.09 billion in 2023, with a 4.2% year-on-year growth rate in 2022. Electric lunch box sales are expected to grow at a CAGR of 4.3% worldwide, reaching a market worth of US$ 1.66 billion by 2033.
An electric lunch box, also known as a heated lunch box or electric food warmer, is a portable food heating and storage device. It has grown in popularity as a practical alternative for people who wish to eat warm, freshly prepared meals on the go. Electric lunch boxes are built with high-quality insulating materials to efficiently maintain heat. Some of them offer temperature control options, allowing users to adjust the temperature.
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Competitive Landscape:
Key players in the electric lunch box market are placing greater importance on providing innovative products such as low-power consumption and battery-operated electric lunch boxes. These lunch boxes can be conveniently connected to the USB ports of cars and vehicles, making them ideal for travel. They are mainly useful during short trips or journeys.
In February 2020, Kobwa announced the launch of its new electric lunch box. This innovative product not only heats food but also steams and cooks a whole meal.
Key Players:
Cello World Hamilton Housewares Pvt. Ltd. Haven Innovation Jaypee Plus Koolatron Corporation Newell Brands Inc SKG Electric Co. Ltd Tayama Appliance USA INC.
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Regional Analysis:
“Prominent Cultural Practice of Consuming Homemade Food”
In Japan, the market for electric lunch boxes is expected to grow at a CAGR of 4.2% through 2033.
Individuals in Japan are used to bringing prepared meals to work, school, or other trips. Electric lunch boxes are becoming increasingly popular because they allow individuals to enjoy hot, freshly prepared meals away from home. As a result of this cultural norm, sales of electric lunch boxes in Japan are constantly increasing.
By 2033, the German market is expected to be worth US$152.47 million. Electric lunch boxes meet the demands of city inhabitants by offering a portable and easy way to heat or prepare meals on the go.
Germany is well-known for its technical and industrial capabilities. Electric lunch boxes made in Germany include high-quality components, durability, and precision manufacturing. German goods' reputation for quality and dependability is favorably affecting sales of electric lunch boxes in the country.
Key Segments of Industry:
By Type : Grid Lunch Boxes Container Lunch Boxes
By Price Range : Below US$ 10 US$ 10 to 25 US$ 26 to 50 Above US$ 50
By Raw Material : By Distribution Channel :
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