Smart Kitchen Hood Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027
Global smart lunch box market value is anticipated to grow with an impressive CAGR during the forecast years on the backbone of growing demands for the insulated packaging of the hot or cold food separately and maintain their freshness for longer duration. Growing advancement in the technology as well as the evolution of the innovative products also drive the growth of the global smart lunch box market in the upcoming five years. Rising health awareness among the consumers and benefits of the fresh food consumption along with the consequences of the unhygienic food specially for the patients in the need for considering food habits, further supports the growth of the global smart lunch box market in the next five years.
Additionally, working professionals are also ditching canteens and opting for home-cooked food since it offers pocket-friendly, nutritious, hygienic, and fresh food. Thus, quickly changing consumer preferences that would also facilitate the growth of the global smart lunch box market in the forecast years through 2027.
Higher Inclination Toward Home Cooked Meals Drive Market Growth
Increasing instances of obesity, blood pressure, chronic diseases, and sedentary lifestyles influences the population to mend their regular habits. One such habit the population is seen instinctively shifting is opting for home cooked meals and hygienic eating over their workplace canteens or street foods. Rising concerns over fast food consumption and junk eating also aids the higher risks of various diseases. With population growing highly concerned for their health, they prefer to buy smart lunchboxes that may keep their food warm, and hygienic and provide them with fresh home cooked meal even at wee hours, thus driving the growth of the global smart lunch box market in the upcoming five years, effectively.
In the year 2021, about 3.45 Billion population was employed globally that ensures the consistent demands for the lunch boxes along with the growing concerns over healthy eating, the factor will substantiate the growth of the global smart lunch box market in the next five years.
Technological Advancement Stimulates Market Growth
Rising research and development of the innovative products further fuels the growth of the global smart lunch box market in the future five years. Growing technological advancement like electric lunchboxes are flooding the market. Electric lunch box trend is further growing due to rising disposable income among the working class population, inclined toward spending higher amounts on these advanced products. The technological advancement is also growing as with the demand for the heat box lunch boxes.
Market Segmentation
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. 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. 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.
Company Profile
Hamilton Housewares Pvt. Ltd (Milton), ReliantEMS Corp, located (LunchEAZE), Inspire Ecoware, are enlisted in a partial list of major market players of the global smart lunch box market.
Report Scope:
In this report, global smart lunch box market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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