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The global precision food thermometers market size is estimated to grow by USD 132.71 million at a CAGR of 8.69% between 2023 and 2028.
To precisely monitor the internal temperature of different food items, such as chicken, the food industry uses precision food thermometers, which are specialized gadgets. They are made to meet the unique needs of the food processing industries, commercial kitchens, and professional chefs. By ensuring that food is cooked or chilled to the correct temperature, these thermometers help lower the risk of foodborne illnesses and ensure that food safety regulations are satisfied. The market is expanding as a result of rising consumer awareness and increased demand for high-quality and safe food. The market growth is also being aided by the stringent rules and guidelines that food regulatory agencies such as the Food Safety and Standards Authority of India (FSSAI) have enforced regarding food safety. Thus, the growing demand for food safety and quality is expected to drive the growth of the global precision food thermometers market during the forecast period.
Technavio has segmented the market into Distribution Channel, Application and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.
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The market share growth by the offline segment will be significant during the forecast period. The offline channel is holding the largest market share in the global precision food thermometers market in 2023. The offline distribution channel includes hypermarkets, grocery stores, discount stores, department or home speciality stores, kitchen or gourmet food stores, and more. These shops carry popular brands of precision food thermometers and offer products from a wide range of brands and product portfolios.
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The offline segment was the largest and was valued at USD 167.47 million in 2018. They sell similar types of products in all their outlets. Departmental and kitchen stores are a few popular stores because they charge reasonable prices and meet the needs of the consumers. Consumers prefer buying precision food thermometers from department stores and hypermarkets, as they carry a large portfolio of products, allow a closer evaluation of products, and provide consumers with the required support and information, often via expert customer service personnel. These stores offer a wide variety of products at affordable or discounted prices that appeal to a wide range of consumers. Examples of such stores include Walmart, Target, and Tesco. Thus, the offline segment is expected to fuel the growth of the global precision food thermometers market during the forecast period.
The industrial segment will hold a significant market share in the global precision food thermometers market in 2023. Precision food thermometers are used in industrial settings for food processing and manufacturing to track temperatures at different production stages and guarantee food safety and quality. These food thermometers are very useful in baking and cooking applications as by taking the correct temperature, and the end-users achieve the desired temperature. Also, the rapid expansion of the restaurant sector is expected to fuel the demand for precision food thermometers. The stringent food safety and quality regulations and rising government regulations in the food sector are expected to fuel the demand for precision food thermometers in industrial applications, thereby driving the growth of the global precision food thermometers market during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The precision food thermometers market in North America is holding a significant market share in the global precision food thermometers market in 2023. The increased standard of living and high disposable income in the region are expected to fuel the growth of the regional precision food thermometers market significantly during the forecast period. In October 2022, the Food Safety and Inspection Service (FSIS) of the US Department of Agriculture (USDA) conducted meal preparation research that found that 55% of individuals use a food thermometer to check if their food is safe to eat.
Furthermore, the USDA advises against determining the doneness of food by using colour, hardness, or time as indicators. To avoid foodborne illness, always cook all meats to the minimum safe internal temperature that can be determined using a food thermometer. Moreover, the growing number of restaurants in the region is further expected to fuel the demand for precision food thermometers as these food establishments are the main end-users of these food thermometers due to food safety and quality regulations. Thus, the regional precision food thermometers market is expected to grow significantly during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Antylia Scientific - The company offers precision food thermometers under the brand name Traceable such as 2 Second-Temp Food Traceable Thermometer, Robo Traceable Thermometer, Platinum Ultra-Accurate Digital Traceable Thermometer.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The growing importance of cooking at the right temperature is an emerging trend shaping the market growth. People nowadays are more concerned about the food items which they consume. Control of temperature is one of the most important factors for preventing pathogens in food. At low temperatures, disease-causing microorganisms such as bacteria grow very slowly and multiply rapidly in the middle of the range while they are being killed at a high temperature. For well-being, perishable foods should be held at legitimate cold temperatures to restrain bacterial development or cooked to temperatures sufficiently high to kill harmful microorganisms.
However, to avoid undercooked meat, chicken, and egg products, as well as for the prevention of foodborne illnesses, it is appropriate to use a food thermometer during cooking. Thus, the growing importance of cooking at the right temperature will fuel the demand for precision food thermometers, which, in turn, will drive the growth of the global precision food thermometers market during the forecast period.
Low awareness about food thermometers is a significant challenge hindering market growth. The low awareness of food thermometers is expected to hamper the growth of the global precision food thermometers market during the forecast period. Household consumers have a tradition of preparing foods by analyzing the color of food items, which, in turn, poses a challenge to the precision food thermometers market. Moreover, many owners of food thermometers do not frequently use these thermometers when preparing foods as they sometimes forget to use them, and many of times, they analyze whether the food is prepared or not just by looking at the colour of the food.
However, to reduce the risk of foodborne illness, consumers should cook poultry at 174 degrees Celsius (to a minimum internal temperature). Hence, the low awareness about food thermometers is expected to negatively hamper the growth of the global precision food thermometers market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Precision Food Thermometers Market Customer Landscape
The precision food thermometers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Precision Food Thermometers Market Scope |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.69% |
Market Growth 2024-2028 |
USD 132.71 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.05 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 37% |
Key countries |
US, Canada, Germany, France, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Antylia Scientific, B B Thermo Technik GmbH, CHINO Corp., Digitron Italia Srl, Endress Hauser Group Services AG, Fortive Corp., Gunther GmbH Temperaturmesstechnik, Hanna Instruments Inc., Lavatools LLC, Lifetime Brands Inc., Maverick Industries Inc., S. L. TECHNOLOGIES, Shiv Dial Sud and Son, Tel Tru Manufacturing Co., Testo SE and Co. KGaA, ThermoWorks, and Xylem Inc. |
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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