Electric Lunch Boxes Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

The electric lunch boxes market share is expected to increase to USD 260.18 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.1%.

This electric lunch boxes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric lunch boxes market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The electric lunch boxes market report also offers information on several market vendors, including Cello World Pvt. Ltd., Faitron AG, GiftEzee, Hamilton Housewares Pvt. Ltd., Haven Innovation, Jaipan Industries Ltd., JayPee Plus, Joyoung Co. Ltd., Koolatron CA, LocknLock Co., NAYASA, Nikul Engineering Pvt. Ltd., Ritz Hill Consolidated Sdn Bhd, Tayama Appliance Inc., Treasure Retail Pvt. Ltd., and Trevidea Srl among others.

What will the Electric Lunch Boxes Market Size be During the Forecast Period?

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Electric Lunch Boxes Market: Key Drivers, Trends, and Challenges

The rising awareness of convenience offered by electric lunch boxes is notably driving the electric lunch boxes market growth, although factors such as the presence of other low-cost alternatives may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric lunch boxes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Lunch Boxes Market Driver

One of the key factors driving growth in the electric lunch boxes market is the rising awareness of convenience offered by electric lunch boxes. An electric lunch box makes a hot meal accessible to consumers, no matter where they are. This type of lunch box keeps your food warm while also storing it. Higher food options, better tasting food, less workplace interruption, healthier food, dishwasher-safe, and simple usage are just a few of the advantages of using an electric lunch box. Food stored in an insulated lunch box loses a lot of heat over the course of the day. Electric lunch boxes are available in a variety of sizes, a few of which can carry a single meal and others that can hold numerous servings in separate compartments. Electric lunch boxes can have several features, such as various manufacturing materials and the highest potential heating temperature. Such factors will increase the demand for electric lunch boxes during the forecast period.

Key Electric Lunch Boxes Market Trend

The increasing use of online sales channels is a electric lunch boxes market trend that is expected to have a positive impact in the coming years. The availability of online stores and online specialty retailers provides a wide range of choices to consumers in addition to online shopping conveniences. Consumers are more comfortable with online shopping, wherein they can compare prices of electric lunch boxes. The increasing use of online channels for purchasing products is expected to drive the growth of the global electric lunch boxes market. The increase in the use of online sales channels is expected to create new opportunities for vendors where they can target customers without geographical boundaries, improve operational efficiencies, and provide customized products to consumers. The evolving landscape of the retail industry worldwide is enabling vendors to develop online strategies to target new market segments and retain old customers.

Key Electric Lunch Boxes Market Challenge

The presence of other low-cost alternatives will be a major challenge for the electric lunch boxes market during the forecast period. Electric lunch boxes are more expensive when compared to simple lunch boxes and are unaffordable for most people. These lunch boxes are not suitable for children to use due to the presence of electricity. There is a possibility of receiving a shock, the fuse burning out, and the cord and plug damaging while using an electric lunchbox. In the event of a power outage, an electric lunch box fails to serve its purpose. A few versions are incompatible with 110V and 220V, and if an individual wants to travel with electric lunch boxes, they will have to buy a converter, which is expensive. As a result, the availability of other low-cost options such as insulated lunch boxes, standard steel, plastic, or glassware tiffin, and microwave-safe lunch boxes is expected to hinder the global electric lunch boxes market growth.

This electric lunch boxes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electric lunch boxes market as a part of the global housewares and specialties market (specialties are small household products), within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric lunch boxes market during the forecast period.

Who are the Major Electric Lunch Boxes Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Cello World Pvt. Ltd.
• Faitron AG
• GiftEzee
• Hamilton Housewares Pvt. Ltd.
• Haven Innovation
• Jaipan Industries Ltd.
• JayPee Plus
• Joyoung Co. Ltd.
• Koolatron CA
• LocknLock Co.
• NAYASA
• Nikul Engineering Pvt. Ltd.
• Ritz Hill Consolidated Sdn Bhd
• Tayama Appliance Inc.
• Treasure Retail Pvt. Ltd.
• Trevidea Srl

 

This statistical study of the electric lunch boxes market encompasses successful business strategies deployed by the key vendors. The electric lunch boxes market is fragmented and the vendors are deploying growth strategies such as increasing the use of online sales channels to compete in the market.

Product Insights and News

• celloworld.com - The company offers electric lunch boxes such as Cello Atom Electric Stainless Steel Lunch Box.

• celloworld.com - Under the unified  segment, the company acts as manufacturer and exporter of household products.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric lunch boxes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Lunch Boxes Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric lunch boxes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electric Lunch Boxes Market?

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28% of the market's growth will originate from North America during the forecast period. The US is the key market for electric lunch boxes in North America. Market growth in this region will be slower than the growth of the market in the European, APAC and MEA regions.

The consumers' increasing emphasis on leading healthy and active lifestyles and eating well will facilitate the electric lunch boxes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 negatively impacted the regional electric lunch boxes market. The rise in the number of COVID-19 cases led to the implementation of nationwide lockdowns in countries such as the US, Canada, and Mexico to contain the spread of the disease. In 2021, the governments of countries such as the US, Canada, and Mexico commenced the vaccination program and lifted the lockdowns and travel restrictions, which resulted in the reopening of schools, offices, and offline stores. Owing to this, the demand for electric lunch boxes witnessed a rise among consumers in North America in 2021, as they were easily available in offline and online stores.

What are the Revenue-generating Distribution Channel Segments in the Electric Lunch Boxes Market?

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The electric lunch boxes market share growth by the offline segment will be significant during the forecast period. The retailers such as Tesco and Walmart have operations globally, which enhances the visibility of vendor products, resulting in an increased demand for electric lunch boxes globally. Also, a rise in the number of specialty stores that sell electric lunch boxes further drives sales through the offline distribution channel. Such factors contribute to the offline segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric lunch boxes market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric Lunch Boxes Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.1%
Market growth 2022-2026	$ 260.18 million
Market structure	Fragmented
YoY growth (%)	7.7
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 28%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Cello World Pvt. Ltd., Faitron AG, GiftEzee, Hamilton Housewares Pvt. Ltd., Haven Innovation, Jaipan Industries Ltd., JayPee Plus, Joyoung Co. Ltd., Koolatron CA, LocknLock Co., NAYASA, Nikul Engineering Pvt. Ltd., Ritz Hill Consolidated Sdn Bhd, Tayama Appliance Inc., Treasure Retail Pvt. Ltd., and Trevidea Srl
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electric Lunch Boxes Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive electric lunch boxes market growth during the next five years
• Precise estimation of the electric lunch boxes market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electric lunch boxes industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electric lunch boxes market vendors

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