According to the latest report by IMARC Group, titled “Electric Rice Cooker Market: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global electric rice cooker market share . The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global electric rice cooker market reached a value of US$ 3.62 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.32 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Electric Rice Cooker Market Overview :
An electric rice cooker refers to a cooking appliance with a heating element that helps prepare rice. It is manufactured from steel or aluminum and provides advantages, including automatic cooking and keeping the rice warm.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Electric Rice Cooker Market Trends and Drivers:
One of the primary factors driving the market is the increasing reliance on electrical appliances that require less time for cooking due to busy lifestyles. Additionally, the inflating gas prices across the globe are reducing the use of gas-based kitchen appliances, therefore positively influencing the market growth.
Besides this, various benefits offered by this cooker, such as uniform cooking, non-sticky rice, and allowing customers to prepare lentils other than rice, are escalating the product demand. Furthermore, electric rice cookers are more environment-friendly than traditional cookers.
Along with this, the extensive research and development (R&D) activities carried out by various key market players to introduce a wi-fi-based induction rice cooker and the integration of the internet of things (IoT) in electric cookers are other major growth-inducing factors.
|Electric Rice Cooker Market Report Scope|
|Market size value in 2021||US$ 3.62 Billion|
|Market forecast in 2027||US$ 5.32 Billion|
|Growth Rate||CAGR of 6.30% from 2022 to 2027|
|Base year for estimation||2021|
Global Electric Rice Cooker Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AB Electrolux, Bajaj Electricals Ltd., Breville Group Limited, Groupe SEB, Koninklijke Philips N.V., Newell Brands, Panasonic Corporation, Tiger Corporation, Toshiba Corporation, TTK Prestige Ltd., Wonderchef Home Appliances Pvt. Ltd and Zojirushi Corporation
The report has segmented the market on the basis of region, product, capacity, distribution channel and end user.
Breakup by Product:
Breakup by Capacity:
- Small Volume
- Medium Volume
- Large Volume
- Extra Large Volume
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
Breakup by End User:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.