Global Food Thermometer Market Overview
Food thermometer is a type of thermometer used to measure the temperature of food. Food thermometers provide ease to verify the proper cooking of the food. These thermometers are used to prevent undercooking and foodborne diseases. Food thermometers are gaining traction among homes and restaurants. Increasing foodborne diseases due to undercooking is leading to the rising awareness among the population. Thus, people are moving towards use of food thermometer to ensure that all microorganisms in the food have been destroyed.
Market Size and Forecast
Global food thermometer market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. The market of food thermometer formulated an impregnable column in recent years and is expected to behold positive growth in near future.
Geographically, Asia-Pacific is anticipated to dominate the overall market of food thermometer during the forecast period. Further, China food thermometer market is likely to grow at a significant pace owing the rising number of food thermometer manufacturing companies. Likewise, Hong Kong, Malaysia, Taiwan and South Korea food thermometer market is expected to grow over the forecast period. Apart from this, rising number of food industries is likely to spur the demand for food thermometer in the Asia-Pacific region over the forecast period i.e. 2017-2024.
Further, North America region is expected to be the fastest growing market across the globe. The market of North-America region is mainly expanding on the back of the rising health consciousness and massive adoption of smart kitchen appliances. Further, rising disposable income is expected to foster the growth of global food thermometer market over the forecast period.
Our-in depth analysis of the global food thermometer market includes the following segments:
By End User
By Price Range
By Distribution Channel
The global food thermometer market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Increasing awareness about the effects of overcooking and undercooking of foods such as toxicity, digestion problems, loss of nutrients and others is substantially raising the demand for food thermometer in various food industries and restaurants. On the other hand, rapid urbanization coupled with changing lifestyle is further expected to spur the growth of food thermometer market in developing regions. Additionally, rising penetration and growth of restaurants market is swelling the demand for the food thermometer market. Increasing concern toward health and hygiene are significant factors which are creating pressure on the restaurants to adopt food thermometers. These food thermometers help the restaurants to provide better service and quality food to the customers.
Outbreak of foodborne diseases in the various regions of the globe is the major factors driving the growth of food thermometer market. The demand for food thermometer is further anticipated to expand on account of stringent food safety regulation in developed and developing nations.
Rising disposable income is increasing the purchasing power of population and thus, resulting in more demand for smart food appliances such as food thermometer. Apart from this, rising e-commerce channel expansion and increasing preference for online purchases is likely to expand the market size of the food thermometer market. Further, penetration of giant companies such as Nokia and investment made by them in food thermometer products is likely to positively impact the growth of the food thermometer market over the forecast period.
However, high cost of food thermometers is the major restraining factor for the growth of this market. Lack of awareness is also hampering the demand for food thermometer. Moreover, absence of technological advancement such as time taking process is likely to restrain the growth of this market.
Scope and Context
Overview of the Parent Market
The global food thermometer market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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