NASDAQ 6,632.34 148.20 (+0.13%) DJIA 23,145.64 148.20 (+0.64%) S&P 500 2,562.57 3.21 (+0.12%) 18/10/2017 12:35

Precision Food Thermometers Market - Drivers and Forecasts by Technavio

12/10/2017 21:33

LONDON

Technavio analysts forecast the global precision food thermometers market to grow at a CAGR of over 12% during the forecast period, according to their latest report.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171012006345/en/

Technavio has published a new report on the global precision food thermometers market from 2017-2021 ...

Technavio has published a new report on the global precision food thermometers market from 2017-2021. (Graphic: Business Wire)

The research study covers the present scenario and growth prospects of the global precision food thermometers market for 2017-2021. The report segments the market by product (meat thermometer, cooking thermometer, oven thermometer, fridge/freezer thermometer, food probe thermometer, pocket thermometer, and others), by distribution channel (online channel and offline channel), and by geography (the Americas, EMEA, and APAC).

Manufacturers of food thermometers need to focus on technological advances, appropriate channels of distribution, and aggressive pricing strategies to market their product among end-users. Moreover, R&D of the product is an important factor for food thermometer manufacturers. The increasing awareness and strict government regulations will boost the market for food scale thermometers. Whereas, online retailing widens the reach and scope of distribution for manufacturers to operate globally.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Technavio analysts highlight the following three factors that are contributing to the growth of the global precision food thermometers market:

  • Product innovation in terms of utility and raw materials
  • Growing awareness about the perils of overcooked or undercooked food
  • E-commerce expansion and increasing preference for online purchases

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Product innovation in terms of utility and raw materials

Several advances in technology have empowered vendors to produce multipurpose and high-utility products. Vendors are coming up with new designs and value-driven products to remain competitive in the market. The concept of multipurpose food thermometers has gained popularity as these thermometers are capable of analyzing multiple cuisines and helping restaurants cut costs.

Shikha Kaushik, a lead retail goods and services research analyst at Technavio, says, “Taylor Precision Products' Connoisseur Digital Cooking Thermometer with a folding probe can be used for a number of cuisines barring candied products. It has a light and alarm signal when food reaches the optimum temperature. Its sleek probe design enables it to fold at the base for easy storage. The bottom of the probe has a thin tip for faster readings and smaller puncture holes.”

Growing awareness about the perils of overcooked or undercooked food

People in the US are more aware about the effects of overcooked and undercooked foods such as toxicity, digestion problems, and loss of nutrients. These effects are substantially raising the demand for food thermometers in various food industries and restaurants. This rising concern about health and hygiene are significant factors that are pressurizing restaurants and food joints to adopt food thermometers.

“According to the International Association for Food Protection, raw poultry may be contaminated with Salmonella and Campylobacter; hence, it is imperative that poultry is handled and prepared properly. Using a food thermometer is the only reliable way to ensure that poultry has reached a safe internal temperature while cooking,” adds Shikha.

E-commerce expansion and increasing preference for online purchases

The global e-commerce market is expected to grow at a CAGR of more than 19% by 2020 as per Technavio estimates. The key factors contributing to the growth of the e-commerce market stem from its diverse portfolio segments. These segments include electronic gadgets, apparels, books, and many others that are regularly updated with latest offerings and help to retain customer loyalty, thereby leading to an increase in the preference for online purchases.

Vendors in the precision food thermometer market operate globally via the e-commerce market. The main reasons for operating through the e-commerce market are complex issues related to inventory and continuous technology updates.

Top vendors:

  • Electronic Temperature Instruments
  • Lavatools
  • MAVERICK HOUSEWARES
  • Taylor Precision Products
  • ThermoWorks

Browse Related Reports:

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

More News


Suprema Launches CoreStation, an Intelligent Biometric Access Controller for Centralized Systems

12/10/2017 13:00

SEOUL, KOREA, Oct 12, 2017 - (ACN Newswire) - Suprema, a global leader in biometrics and secur...

Suprema BioEntry P2 officially launching on October 12

12/10/2017 13:00

SEOUL, KOREA, Oct 12, 2017 - (ACN Newswire) - Suprema, a global provider of leading biometrics...

Engel & V�lkers Snell Real Estate Win Best Lifestyle/Branding Video Award at 22nd Annual Luxury Real Estate(TM) Fall Conference

12/10/2017 13:03

LOS CABOS, Mexico , Oct. 12, 2017 /PRNewswire/ -- Every year Who's Who in Luxury Re...


Terms and Conditions | Privacy Statement
Financial.org is an educational platform. We DO NOT deal with securities and receive any financial benefits from Financial Products & Service Providers.