Smart Lunch Box Market To Grow With AN Impressive CAGR Growth
Rising disposable income &
growing investments drive the Global Smart Lunch Box Market, 2027F growth.
According to TechSci Research report, “Smart Lunch Box Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2017-2027” Global smart lunch box market is anticipated to register
an impressive growth with a CAGR during the forecast period, 2023-2027, due to increasing
concern over the quality of the food being consumed. Rising inclination of the
consumers toward home cooked meals and avoiding the consumption of the street
food and junk food, further drives the growth of the global smart lunch box
market in the upcoming five years. Rising instances of chronic diseases like
cardiac arrest, strokes, etc. along with rising concern for large section of
population being affected with obesity, diabetes, alike sedentary lifestyle diseases
also support the inclination toward home cooked meal and thus the growth of the
global lunch box market in the next five years.
With changing lifestyle patterns, long
hours at work, zero physical workouts leave the younger generation too
exhausted to cook meals repeatedly throughout their day. This often leads to online food delivery services, or eating at fast food joints, or
restaurants. Excessive consumption of such food costs health problems, thus the
population is steady toward opting for home cooked meals and using smart lunch
boxes to support the hygiene and warmth of the food, thereby substantiating the
growth of the global smart lunch box market in the future five years. Electric
lunch boxes provide another technical advantage that can be used to pre-heat
the food before consumption. Capability of an electric lunch box to offer warm
food in an extremely portable manner facilitates the growth of the global smart
lunch box market in the forecast years through 2027F.
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Global Smart lunch box Market"
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The global smart lunch box market
segmentation is based on material type, number of containers, distribution
channel, regional distribution, and competitive landscape. Based on material
type, the market is further segmented into stainless steel, plastic, and
others. Stainless steel material for the lunch boxes are anticipated to hold
the largest revenue shares of the market and dominate the market segment in the
upcoming five years due to easier incorporation of the technology in the lunch
boxes. Higher prevalence of long lasting material advantages also facilitates
the growth of the global smart lunch box market in the future five years. Plastic material is also anticipated to hold
significant growth in the future years due to insulated container properties
that are highly in demand with electric lunchboxes thereby driving the growth
of the global smart lunch box market in the forecast period through 2027.
By number of containers, the market is
fragmented into 1 to 3, 3 to 6 and others. Based on distribution channel, the
market is bifurcated into supermarkets/hypermarkets, retail stores, online, and
others. Supermarket/hypermarkets are expected to hold the largest revenue
shares of the market and dominate the market segment in the upcoming five years
on the grounds of availability of the multiple brands through these channels.
Surge in the demand for the detailed analysis of the product before purchase
also influences the segmental growth. Moreover, online sales are also
increasing in the recent years. The growth can be owed to the evolving
preferences and shopping patterns of the consumers thereby aiding the growth of
the global smart lunch box market in the forecast period. The market analysis
also studies the regional segmentation, divided among Asia-Pacific region,
North American region, European region, South American region, and Middle East
& African region.
Some of the market players, dominating
the global smart lunch box market are:
- Hamilton Housewares Pvt. Ltd
(Milton)
- ReliantEMS Corp, located
(LunchEAZE)
- Inspire Ecoware
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“North America is anticipated to hold
the largest revenue shares of the market and dominate the regional analysis in
the upcoming five years due to increasing disposable income among the
population. Growing technologically advanced product availability also
influences the growth of the market in the future years. Asia Pacific region is
also anticipated to closely follow the growth in terms of regional analysis
since the demand for home cooked meals are higher in the countries like India,
China, South Korea, Japan, etc. Increasing instances of sedentary lifestyle
diseases further influences the consumers to focus on home cooked meals and
thus the growth in the demands for smart lunch boxes. Moreover, technological
advancement in such products is higher and aids the growth of the global smart
lunch box market in the forecast period. New market players may focus on
investing in the research and innovative product development to add to their
brand establishment,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Smart Lunch Box Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Material Type (Stainless Steel, Plastic, Others), By Number of Containers (1
to 3, 3 to 6, others), By Distribution Channel (Supermarkets/Hypermarkets,
Retail Stores, Online, Others), By Region”, has evaluated the future growth
potential of global smart lunch box and provides statistics & information
on market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in global smart lunch
box market.
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