Press release
Electric Lunch Box Market Is Projected To Reach US$ 152.47 Million By The End Of 2033
The worldwide electric lunch box market is predicted to be valued US$ 1.09 billion in 2023, with a 4.2% year-on-year growth rate in 2022, according to Fact.MR's most recent detailed analysis. Electric lunch box sales are predicted to increase at a 4.3% CAGR globally, reaching a market value of US$ 1.66 billion by 2033.A portable food heating and storage device known as an electric lunch box, heated lunch box, or electric food warmer. It has developed in popularity as a convenient option for folks who want to enjoy hot, freshly cooked meals on the go. To successfully preserve heat, electric lunch boxes are constructed with high-quality insulating materials.
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The tensile strength and resistance to corrosion, rust, and discoloration of stainless steel are widely recognized. Stainless steel electric lunch boxes are made to withstand repeated usage and to endure a long time. They are less prone to dents, scratches, and breakage than other materials such as plastic.
Stainless steel, unlike other polymers, does not leach harmful chemicals into food since it is a non-toxic material. As a consequence, stainless steel electric lunch boxes are a safe way to store and prepare food. These lunch boxes preserve the flavor, purity, and integrity of the food without adding any unwanted flavors or contaminants. Because stainless steel is a recyclable material, it is a good choice for the environment.
Competitive Landscape:
Key players in the electric lunch box market are emphasizing novel products including low-power consumption and battery-powered electric lunch boxes. These lunch boxes are perfect for travel since they can be easily linked to the USB ports of automobiles and trucks. They are especially beneficial for short vacations or travels.
Kobwa announced the release of their new electric lunch box in February 2020. This revolutionary gadget not only warms food, but it also steams and cooks it.
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:
Electric lunch boxes enable you to reheat or prepare food without using a microwave or a stove. This feature is appealing to office workers, campers, and students who do not have easy access to culinary facilities. The need for quick and easy solutions is a primary driver of electric lunch box sales.
With rising environmental concerns, Americans are actively seeking environmentally friendly alternatives to single-use plastic containers and disposable food packaging. Electric lunch boxes are a reusable and sustainable option for carrying and heating meals, aligning with the rising waste reduction and sustainability trend.
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 :
Stainless Steel
Plastic
By Distribution Channel :
Offline
Online
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