Electric Lunch Box Market Set to Surge Significantly During 2031
According to a recent FactMR - a market research and competitive intelligence provider - electric lunch box market analysis, lunch box prices have risen by nearly 20% between FY2016 and FY2020.
The preference of the working class for fresh home-cooked food is the primary cause of inflated prices. However, prices fell 4% in Q2 FY2020 compared to Q2 FY2019, owing to lower demand combined with an increase in inventory volume across regions.
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Key Companies Profiled
Cello World
Girmi.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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Key Segments Covered in Electric Lunch Box Industry Analysis
· By Type
Grid Electric Lunch Boxes
Container Electric Lunch Boxes
2-container Electric Lunch Boxes
3 Container Electric Lunch Boxes
4-container Electric Lunch Boxes
· By Raw Material
Stainless Steel Electric Lunch Boxes
Plastic Electric Lunch Boxes
· By Price Range
Below US$ 10 Electric Lunch Boxes
US$ 11-25 Electric Lunch Boxes
US$ 26-50 Electric Lunch Boxes
Above US$ 50 Electric Lunch Boxes
· By Distribution Channel
Offline
Electric Lunch Boxes Sold at Specialty Stores
Electric Lunch Boxes Sold at Hypermarkets/Supermarkets
Online
Electric Lunch Boxes Sold on Company-owned Websites
e-Commerce Sales of Electric Lunch Boxes
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Some of the key developments are:
In Sept 2019, on the occasion of its 100th anniversary, Italy-based Girni launched a new household catalogue covering all new products to be launched over the coming years, which also include electric lunch boxes.
In Feb 2020, Kobwa launched its new electric lunch box product series, which can preserve fresh for longer hours.
Key Takeaways from Market Study
Among the distribution channels, e-Commerce has been the fastest-growing segment owing to rise of the online sector over the past decade, and is anticipated to expand at a CAGR of 4.6% through 2031.
The market in Asia Pacific is projected to experience high market growth at 4.7%.
North America is anticipated to dominate the global market for electric lunch boxes over the decade.
Demand for stainless steel boxes is anticipated to increase at a higher CAGR compared to plastic electric lunch boxes.
China and Japan collectively account for more than 50% market share in Asia Pacific.
“Market players are expected to concentrate on product innovation and switch to eco-friendly materials for the manufacturing of electric lunch boxes,” says a FactMR analyst. Key Question answered in the survey of Electric Lunch Box market report:
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More Valuable Insights on Electric Lunch Box Market
FactMR, in its new report, offers an unbiased Market Analysis of Electric Lunch Box, Sales and Demand of Electric Lunch Box, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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