Smart Meat Thermometer Market : Global Size, Share, Trends, Growth and Forecast Year ( 2023 – 2032 )
Meat thermometer refers to a device used to measure the temperature of meat while being cooked. These thermometers ensure that food is properly cooked and kills pathogen which might cause foodborne illness. However, dial meat thermometer comes with few disadvantages such as continuous manual monitoring is required. In order to overcome this drawback, smart meat thermometers were introduced in the market. Smart meat thermometers advise the users about meat temperature through application and can be tracked remotely.
The global smart meat thermometer market accounted for USD 44.2 Million in 2019. Moreover, it is anticipated to flourish at a CAGR of 24.7% during the forecast period i.e. 2020-2025. Factors such as government awareness campaigns, increasing health concerns, and rising disposable income are expected to foster the growth of smart meat thermometer market in the years ahead.
Growth Drivers – Smart Meat Thermometers Market
Growing Health Concerns
Uncooked or overcooked meat results in serious foodborne illness as it might contains harmful bacteria, such as Campylobacter, E.coli, Salmonella, Clostridium perfringens, and Yersinia. Further, rising awareness among meat consumers regarding harmful effects of uncooked and overcooked food is further envisioned to bolster the growth of smart meat thermometer market. Furthermore, increasing disposable income and growing consumption of meat is further anticipated to impel the growth of smart meat thermometer market in the years ahead.
Lifestyle changes and rise in income level in various developing economies such as China, South Africa, Brazil and others is believed to intensify the growth of global smart meat thermometer market during the forecast period. Furthermore, rapid urbanization and strict food regulations implemented by government authorities is also believed to positively impact the growth of smart meat thermometer market.
Positive Outlook of Smart Home Products
Ongoing trend of smart home technologies adoption is offering significant growth opportunities to smart meat thermometer meter market. Several key players are engaged in offering innovative and customized products to their clients. Manufacturers are also focusing on increasing their geographical presence and increase their market share in smart food thermometer market.
The research offers a comprehensive analysis of smart meat thermometer market with respect to following sub-markets:
On the basis of connectivity, the report has been segmented into Bluetooth and Wi-Fi. In 2019, Bluetooth segment accounted for a significant share of global smart meat thermometer market.
By Distribution Channel
By distribution channel, the smart meat thermometer market has been segmented into online distribution channel and offline distribution channel. Continuous growth of e-commerce channel and growing inclination towards online purchases will positively impact the growth of smart meat thermometer market in the years ahead.
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as
- Apption Labs
- G & C Ltd.
- Thermo Works Inc.
- Weber Stephen Products
- Inkbird Tech.
- Taylor Precision Products Inc.
- Maverick House Wares
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in Smart Meat Thermometer market.
Timeline Considered for Analysis:
- 2019- Base Year
- 2020 – Estimated Year
- 2020 to 2025 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global Smart Meat Thermometer market by the following segments:
- Distribution Channel
Geographical Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Smart Meat Thermometer Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?