The global Insulated Food Containers Market is projected to touch USD 2.1 billion by 2025, according to a new report by Million Insights. The market is projected to grow at a CAGR of 5.5% over the forecast duration. The growing demand for home-cooked and fresh food is driving market growth. As of 2018, over 60 % of the world population was employed in one form or the other. Insulated food containers are capable of maintaining the freshness of the food up to 6 hours, thus, becoming popular among the working population.
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Market Synopsis of Insulated Food Containers Market:
Hypermarket & supermarket accounted for over 45% of the market share, 2018. Easy availability of a variety of products and consumer willingness to physically check the product before making a purchasing decision are supplementing the online sales. The online sales channel is projected to grow fastest owing to increasing e-commerce platforms and the growing trend of multi-retailing.
Among different regions, Asia Pacific is likely to exhibit the highest CAGR throughout the forecast years. Growing working population owing to rapidly increasing IT, manufacturing and construction industries in countries such as China and India is attributing to the growth of this region. Nearly 68% of the population in Asia Pacific is employed as of 2018. Among these working groups, fresh food consumption is a trend and they mostly rely on home-cooked food, thus, proliferating growth of the insulated food containers market.
Major companies in the market are Huhtamaki, Cambro, Stanley, Valor Industries, Zojirushi America Corporation, Carlisle, TokyoPlast, Hamilton Housewares Pvt Ltd, American Aerogel and Thermos LLC. These players are emphasizing on the introduction of the product with innovative design to gain the larger market share. For example, in 2017, Avon Appliances introduced stainless steel made food containers in capacity ranging from 14 to 40 liters.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Insulated Food Containers: Market Variables, Trends & Scope
Chapter 4 Insulated Food Containers: Product Estimates & Trend Analysis
Chapter 5 Insulated Food Containers: Application Estimates & Trend Analysis
Chapter 6 Insulated Food Containers: End-use Estimates & Trend Analysis
Chapter 7 Insulated Food Containers: Industrial End-use Estimates & Trend Analysis
Chapter 8 Insulated Food Containers: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Insulated Food Containers: Manufacturers Company Profiles
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