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Food Thermometer Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032

Publisher Global Market Insights
Published Sep 02, 2024
Length 151 Pages
SKU # GMI19309725

Description

Food Thermometer Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032


The Global Food Thermometer Market was valued at USD 165.9 million in 2023 and is projected to grow at a CAGR of 6.2% from 2024 to 2032. The rising awareness of foodborne illnesses and the significance of food safety practices are propelling the demand for precise temperature measurements. Food thermometers play a crucial role in ensuring food is cooked to temperatures that eliminate harmful bacteria. As lifestyle changes and a growing culinary interest fuel a surge in home cooking and baking, the demand for precise cooking tools, including food thermometers, intensifies. The advent of smart food thermometers, boasting features like app integration, Bluetooth or Wi-Fi connectivity, and digital displays, appeals to tech-savvy consumers desiring convenience and advanced functionalities. With a heightened focus on health, consumers are emphasizing precise cooking temperatures to retain nutrients, achieve desired doneness, and prevent overcooking.

The overall food thermometer industry is classified based on type, application, end-use, distribution channel, and region.

The market is segmented by type into digital and dial thermometers. In 2023, digital thermometers, favored for their swift and accurate readings essential for both professional and home kitchens, dominated the market. Their integration with smart technology, like Bluetooth and Wi-Fi, facilitates real-time monitoring and mobile app alerts, amplifying convenience and precision. Digital models often boast clear displays and user-friendly controls, catering to all skill levels. The allure of instant readings with minimal effort resonates with efficiency-driven consumers.

Market segmentation by application includes casseroles, roasts, soups, poultry, and meat, thin & thick foods, and others. In 2023, roasts commanded a 31% market share and are poised for continued growth. Precise temperature control is paramount for roasting, ensuring desired doneness and even cooking. As roasting gains prominence during holidays and special occasions like Thanksgiving and Christmas, the demand for reliable thermometers surges to guarantee perfectly cooked roasts.

North America, with a market valuation of approximately USD 43.8 million in 2023, is projected to reach USD 76.7 million by 2032. The region's heightened awareness of foodborne illnesses and the critical nature of food safety practices are driving the demand for trustworthy food thermometers. In the U.S., where outdoor cooking traditions like grilling and barbecuing are deeply ingrained, the market is set to expand at a CAGR of 6.6% during the forecast period. This cultural inclination underscores the demand for robust, high-temperature-resistant food thermometers tailored for outdoor culinary endeavors.

Table of Contents

151 Pages
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Raw material analysis
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Increase in food service and hospitality industry
3.7.1.2 Rising interest in cooking and culinary arts
3.7.1.3 Increased focus on food safety
3.7.1.4 Health and wellness trends
3.7.2 Industry pitfalls & challenges
3.7.2.1 Accuracy and reliability issues
3.7.2.2 Technological limitations
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021-2032 (USD Million) (Million Units)
5.1 Key trends
5.2 Digital
5.3 Dial
Chapter 6 Market Estimates & Forecast, By Application, 2021-2032 (USD Million) (Million Units)
6.1 Key trends
6.2 Roasts
6.3 Casseroles
6.4 Soups
6.5 Meat and poultry
6.6 Thin & thick foods
6.7 Others (Deep Fry, etc.)
Chapter 7 Market Estimates & Forecast, By End-Use, 2021-2032 (USD Million) (Million Units)
7.1 Key trends,
7.2 Residential
7.3 Commercial
7.3.1 Food safety inspectors
7.3.2 Professional chefs
7.3.3 Food service
Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Million) (Million Units)
8.1 Key trends
8.2 Online
8.2.1 E-commerce
8.2.2 Company owned websites
8.3 Offline
8.3.1 Supermarkets
8.3.2 Specialty stores
8.3.3 Others (Departmental Stores, etc.)
Chapter 9 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Million Units)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.4.6 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Rest of Latin America
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
9.6.4 Rest of MEA
Chapter 10 Company Profiles
10.1 B+B Thermo-Technik GmbH
10.2 Battersea
10.3 Char-Broil
10.4 CHINO Corporation
10.5 Fluke Corporation
10.6 Hanna Equipments (India) Pvt. Ltd.
10.7 Inkbird
10.8 Kizen
10.9 LAVATOOLS, LLC
10.10 PCE Instruments
10.11 Polder
10.12 Salter
10.13 TECPEL CO., LTD.
10.14 ThermoWorks
10.15 TROTEC GmbH

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