Electric Rice Cooker Market Share, Industry Report 2022-2027
According to the latest report by IMARC Group, titled “Electric Rice Cooker Market: Global Industry Trends, Share, 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 size 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 cookers refer to electrical cooking appliances with a heating element that helps prepare rice. They are manufactured from aluminum or steel, which assists in regulating the cooking temperature. They are widely available in automatic and non-automatic variants. They are extremely energy efficient compared to conventional cookers and offer several benefits, including non-sticky rice, uniform and automatic cooking, and keeping the rice warm. As a result, electric rice cookers find extensive applications in the commercial and residential sectors.
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Electric Rice Cooker Market Trends and Drivers:
The global electric rice cooker market is primarily driven by the rising usage of convenience products due to hectic lifestyles. Moreover, the increasing reliance on quick, fast, and easy-to-operate electrical appliances has catalyzed market growth.
Additionally, the shifting consumer preferences from gas-based toward electrical kitchen appliances owing to inflating cooking gas prices has augmented product demand. Besides this, several key players are investing in research and development (R&D) activities to launch Wi-Fi-based induction rice cookers, thereby contributing to product sales.
Furthermore, the increasing integration of the internet of things (IoT) in electric rice cookers to allow minimal remote-control intervention is propelling the market growth. Other factors, including the growing number of working women, increasing awareness about energy-saving appliances, product innovations, and rapid urbanization, are also anticipated to create a favorable market outlook.
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Global Electric Rice Cooker Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Electric Rice Cooker Companies:
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:
· Standard
· Multifunctional
· Induction
· Others
Breakup by Capacity:
· Small Volume
· Medium Volume
· Large Volume
· Extra Large Volume
Breakup by Distribution Channel:
· Supermarkets and Hypermarkets
· Specialty Stores
· Online Stores
· Others
Breakup by End User:
· Household
· Commercial
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.
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