Global Food Scale Market Overview:
The food scale is used for weighing food products. Food scale market has high growth prospects owing to increasing demand from the end-user industries such as restaurants, cafes, bakeries, pizzerias, hotels, and others. Further, growth in the food service sector supplementing the market growth. In addition, increasing demand from the developing economies and technological advancement for developing high accuracy food scale expected to drive the demand for food scale market over the forecasted period.
As per latest study released by AMA Research, the Global Food Scale market is expected to see growth rate of 8.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Emergence of Smart Food Scales and Emphasizing On Development of High Accuracy Digital Food Scales
Market Growth Drivers:
Growth in Food Services Sector and Increasing Demand for Food Scales from the Commercial Food Service Industry
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
Fluctuating Raw Material Prizes
Opportunities:
Rising Demand from the Supermarkets and Hypermarkets and Increasing Demand from the Developing Economies
Competitive Landscape:
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Some of the key players profiled in the report are Tanita Corporation (United States), System Scale Corporation (United States), Taylor (United States), Soehnle (Germany), Kalorik (United Kingdom), Alessi (Italy), Alexandra Scales Pvt. Ltd. (India), Goldtech (India), Yonzo (China) and Contech Instruments Ltd. (India). Additionally, following companies can also be profiled that are part of our coverage like Brecknell (United States), Conair Corporation (United States) and Myweigh (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Food Scale market by 2030. Considering Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Food Scale market. Considering Market by End-Users, the sub-segment i.e. Domestic Kitchen will boost the Food Scale market.
Latest Market Insights:
On October 26, 2023, Escali, a major food scale manufacturer, launched the "Primo Black" series of scales, featuring sleek design, high precision, and smartphone connectivity.
On December 5, 2023, Etekcity, another popular brand, unveiled the "NutriScale" with a built-in nutrition tracker, allowing users to weigh ingredients and track calories, carbs, and other nutrients.
What Can be Explored with the Food Scale Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Food Scale Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Food Scale
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Scale market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Scale market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Food Scale Manufacturers, Food Scale Distributors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.