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This report published by Infiniti Research Limited in September 2015 has forecasts and trends about the food warming trays market. It features information on how technology and automation are influencing trends in food warming trays and other appliances.
Food warming trays are specialty appliances that are used to keep food at its optimal heat. The industry is quickly changing, due to improvements in technology, consumers are moving away from manual appliances towards electrical appliances. Changes in consumer preference towards home cooked meals and entertaining at home have also allowed the market to increase further. Modern electric food warming trays are more aesthetically pleasing and some are cordless, which makes them more portable. Manufacturers are also ensuring that modern designs are both durable and easy to clean. The demand for smart appliances is also moving into the food warming tray market.
This report features a market analysis and a 2014-2019 forecast, where the predicted compound annual growth rate is 6.28%. The market size was calculated by looking at sales revenue, while the market analysis features input from industry experts. The report covers the market in Asia-Pacific, Europe, North America and the Rest of the World. It shows growth prospects for the coming years and features a discussion about the key vendors, including Broil King, Jarden Consumer Solutions, Toastess, Waring, Hostess Trolley World, Nostalgia Products Group, Salton and VonShef.
The key market drivers are food habit and lifestyle changes, with further details included in the report. The market is being challenged by faster time-to-market cycles and trends are shifting due to growing urbanization. The report includes figures on how large the market will be in 2019 and what the growth rate is expected to be, what the main market drivers and challenges, are as well as what strengths, weaknesses, opportunities and threats are faced by the major players.
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