Food Thermometer Market

Food Thermometer Market : Global Demand Analysis & Opportunity Outlook 2024

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Report ID: 328 | Published On: Apr 05, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


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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.

Global food thermometer market

 

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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.


Market Segmentation

Our-in depth analysis of the global food thermometer market includes the following segments:

By Product

  • Cooking Thermometers
  • Meat Thermometers
  • Oven Thermometers
  • Food Probe Thermometers
  • Fridge Freezer Thermometers
  • Pocket Thermometers

By Technology

  • Dial Thermometers 
  • Digital Thermometers
  • Printing Thermometers
  • Others ( Liquid Filled and Single Use Temperature Indicators)

By End User

  • Restaurant
  • Home
  • Industry
  • Laboratory

By Price Range

  • Premium
  • Economy
  • Low

By Distribution Channel

  • Super Market
  • Online Store
  • Pharmacy Store

By Region

The global food thermometer market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis


Global food thermometer market
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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.


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