The global electric lunch box market size was worth around USD 600 Million in 2022 and is predicted to grow to around USD 1000 Million by 2030 with a compound annual growth rate (CAGR) of roughly 6.62% between 2023 and 2030.
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➤ Convenience provided by the device to stimulate market expansion
The exceptional convenience provided by electric lunch boxes is anticipated to drive significant growth in the global electric lunch box market. Carrying these instruments to work or while traveling is effortless due to their lightweight nature. Additionally, the food item does not necessitate a physical kitchen to be heated for consumption by users. The lunch box is an excellent option for individuals who are frequently traveling or work in fields and may not have access to a microwave oven or stove, as it easily warms the food using a low-voltage electric supply. Furthermore, the lunch packs are accessible at a variety of price points, which makes them suitable for a broad consumer base.
➤ Growth restriction to be implemented due to safety concerns
If not used correctly or mismanaged, electric lunch boxes can be a safety hazard. Furthermore, it is imperative that they be removed from the reach of minors. The bento box may pose a threat to those in its vicinity in the event of a circuit malfunction. Additionally, they are susceptible to overheating, which is a significant contributor to electrical fires.
➤ Industry participants implement strategic measures to generate growth prospects.
The global electric lunch box industry is anticipated to capitalize on the increasing number of strategic partnerships that are being established by a variety of market participants. For example, manufacturers of electric lunch packs are forming partnerships with food delivery services or kitchen appliance manufacturers to broaden their product offerings or consumer reach. It is also anticipated that these events will help the companies capitalize on each other’s strengths and assets to foster further innovation. Over the next few years, there may be a greater influx of new consumers due to the growing investments in rural infrastructure, particularly for electricity products.
➤ Challenges to market development from traditional substitutes’ existing competition
Parents or guardians may not favor charging electric lunch packs for students due to potential safety concerns. Additionally, it is probable that educational institutions will advocate against the utilization of lunch boxes that are powered by electricity. Traditional lunch cases are in fierce competition due to their safety and efficiency. The electric lunch box market is relatively new, and industry participants must invest in marketing strategies to ensure that they can establish the necessary trust with the consumer group, which is anticipated to pose a challenge to industry growth.
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The Global Electric Lunch Box Market is segmented based on product, application and region
Global Electric Lunch Box Market: Product Segment Analysis
● Container Electric Lunch Boxes
● Grid Electric Lunch Boxes
Global Electric Lunch Box Market: Application Segment Analysis
● Vegetables
● Food
● Drink
● Others
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The global Electric Lunch Box market profiles key players such as:
● Crock-Pot
● Ecolunchbox
● BentoHeaven
● Hot Logic
● Vmotor
● YISSVIC
● Zojirushi
● Electriclunchbox.com
● RoadPro
● Gideon
● Umami
● UUTO
● Skywin
● Skywalk
● Vissles
● Amatage
● HomeLifairy
● Cuisinart
● Birushanah
● Zocye
● Koolatron
???? Recent Developments:
• Jaypee, a prominent homeware brand, introduced its electric segment in September 2022. This segment encompasses electric chafing dishes and lunch cases. The collection encompasses a power meal that includes a steel electric lunch box, an electrical chafing dish, a Spark 4 Cherry lunch box, and a hot-line electric plastic lunch box with four steeliness steel.
• In September 2020, LunchEaze, a US-based manufacturer of electric lunch boxes, announced the introduction of the world’s first heated, cordless lunch box, which was designed specifically for construction workers in the country. In accordance with the company’s description, the lunch box functions as a slow-pressure cooker and necessitates a minimum of two hours to prepare the food for consumption. It is capable of heating any form of food product and is spill-proof as a result of its double-sealing.
➤ Asia-Pacific is a significant shareholder in the market.
The Asia-Pacific region is currently the largest shareholder in the global electric lunch box market, and it is anticipated to experience the most significant growth. The segment’s primary revenue generators are China, Japan, and South Korea, which are primarily attributed to the ease of product adoption and the presence of numerous domestic brands that are designed to accommodate the evolving food consumption habits of their dynamic populations. Additionally, there is a rise in the number of individuals in the regions who are experiencing intense traffic conditions or have hectic work schedules, resulting in the loss of valuable time. This has resulted in a significant number of individuals selecting convenient options, such as electric lunch packs, in order to allocate more time to other activities.
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