Global Precision Food Thermometers Market to 12.15% CAGR to 2021 – Analysis of Electronic Temperature Instruments, Lavatools, MAVERICK HOUSEWARES, Taylor Precision Products, and ThermoWorks

MarketResearchNest.com adds “Global Precision Food Thermometers Market 2017-2021” new reports to its research database. The report spread across 86 pages with tables and figures in it.

The research analysts forecast the global precision food thermometers market to grow at a CAGR of 12.15% during the period 2017-2021.

Food thermometers are used to maintain a healthy temperature and also to check the doneness of food. Proper cooking and maintaining a healthy temperature of cooked food reinforce the quality of food and reduces the chances of food-borne diseases that arise from the bacteria present in food. Innovations in technology such as smart application-based thermometers and features like a thermometers' capability to perform automated monitoring and functioning as a control system for cooked food have increased end-users' interest in adopting food thermometers. Competitors are continuously improving the efficiency and functionality of food thermometers to increase customer satisfaction. These advances in technologies will help the food thermometer market to grow and increase the profitability of vendors.

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Technavio recognizes the following companies as the key players in the global precision food thermometers market: Electronic Temperature Instruments, Lavatools, MAVERICK HOUSEWARES, Taylor Precision Products, and ThermoWorks

Other Prominent Vendors in the market are: AcuRite.com, Component Design Northwest, EatSmart Products, Cuisinart, Le Creuset, OXO, Polder Products, Progressive, Rosle USA, Salter Housewares, Supreme Home Cook, Testo, and WEBER.

The latest trend gaining momentum in the market is Introduction of Wi-Fi-enabled food thermometer. The growing concern over illnesses has raised consumer awareness regarding diseases arising from uncooked and partially cooked food. Monitoring the food while it is getting cooked is a difficult task. Thus, the introduction of smart wireless thermometers helps users to focus on other tasks while cooking as the device sends alerts to the phone updating them regarding the status of the food being cooked.

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According to the report, one of the major drivers for this market is Product innovation in terms of utility and raw materials. Several advances in technology have empowered vendors to produce multipurpose and high-utility products. Vendors are coming up with new designs and value-driven products to remain competitive in the market. The concept of multipurpose food thermometers has gained popularity as these thermometers are capable of analyzing multiple cuisines and helping restaurants cut costs. This is primarily due to the increasing concern about the health of consumers and more stringent government regulations pertaining to food served in restaurants and fast food joints.

Further, the report states that one of the major factors hindering the growth of this market is Prevailing market for used food thermometers. Most leading food service providers use high-quality food thermometers to enhance their operational efficiency and accuracy for measuring the temperature of food items. However, small players such as independent restaurants, bakeries, pizza outlets, and cafes are more focused on increasing their profit margins by reducing their operational costs. Such establishments opt for used food thermometers at a nominal cost, especially in emerging economies. Some of the online portals such as eBay and Amazon also offer used thermometers at low prices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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