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Insulated Food Container Market

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The global insulated food container market was valued at US$ 1,200 million in 2017 and is expected to register a CAGR of 5.6% in terms of revenue over the forecast period (2018 – 2026).
Insulated Food Container Market - Size, Share and
Growth Analysis 2018-2026
The market is projected to reach US$ 1,860 million by the end of 2026, at a CAGR of
5.6% over the forecast period, attributing to the growth of food and beverage industry
coupled with rising awareness associated with food contamination.
Factors such as increasing workforce is fueling growth of the insulated food
container market. Increasing number of working population is resulting in huge
demand for healthy and fresh food at the workplace. Insulated food containers are
used to keep the things stored in hot/cold condition for a longer duration. Moreover,
good quality containers prevent foodborne illness, ensuring the safety of food. These
factors are expected to increase the demand for insulated food containers over the
forecast period.
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Distribution channel of insulated food container includes hypermarkets,
supermarkets, online, and others. Other distribution channel comprises convenience
stores and departmental stores. The online channel is predicted to grow at a faster
pace during the forecast period attributing to the increased penetration of internet
and mobile phones across the globe.
According to the Internet and Mobile Association of India (IAMAI)’s report published
in 2017, the number of internet users in India was 481 million in December 2017 and
is expected to reach 500 million by June 2018, recording an increase of 11.34% over
the period. This scenario is expected to contribute to growth of the e-commerce
industry in the near future, thereby boosting the sales of insulated food containers
sold through the online distribution channel.
High cost associated with insulated food container is projected to hamper the market
growth. However, technology advancements in the industry is expected to increase
demand for insulated food container in the near future. Favorable growth of food and
beverages industry across the globe creates a high growth opportunity for
manufacturers in the insulated food container industry.
The global insulated food container market was valued at US$ 1,200 million in 2017
and is expected to register a CAGR of 5.6% in terms of revenue over the forecast
period (2018 – 2026).
Asia Pacific is the fastest growing region and accounted for the largest market share
of around 37.0% in 2017, owing to increasing adoption of insulated food containers
to keep food hot and ensure food safety. Rising demand in emerging economies
such as China, India, and Brazil attributing to improved economic conditions and
lifestyles is driving the market growth.
Players operating in the global insulated food container market are adopting various
growth strategies such as mergers & acquisitions and business expansion to cater to
increasing demand for insulated food containers. For instance, in July 2017,
Thermos L.L.C., the world’s leading manufacturer of portable insulated food and
drinks container, announced the acquisition of Lifefactory, Inc., a privately held
housewares company based in Sausalito, California. This acquisition will help the
company to enhance its product portfolio and its presence in untapped regions over
the forecast period.
Major players operating in the global insulated food container market include
Cambro Foodservice Equipment and Supplies, Carlisle FoodService Products,
Newell Brands, Zojirushi America Corporation, Stanley, Kuuk, Thermos L.L.C., and
Hamilton Housewares Pvt. Ltd.
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Author
apeksha motghare
apeksha motghare508   documents Email
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