IMARC Group, a leading market research company, has recently releases report titled “Electric Rice Cooker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global electric rice cooker market share, growth, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Electric Rice Cooker
An electric rice cooker is a kitchen appliance used for the specific purpose of cooking rice. It is a simple and convenient device that streamlines the rice cooking process. It saves time and effort, as traditional stovetop methods require constant monitoring and adjustment of heat, while a rice cooker operates autonomously. It is versatile and can be used for steaming vegetables or cooking other grains like quinoa, couscous, and bulgur. It is also utilized for preparing porridge, pasta, oatmeal, risotto, eggs, and polenta.
How Big Is the Electric Rice Cooker Market?
The global electric rice cooker market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.97% during 2023-2028.
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What are the growth prospects and trends in the electric rice cooker industry?
At present, modern lifestyles are becoming hectic, leaving people with limited time for cooking. Electric rice cookers simplify the rice preparation process, allowing individuals to enjoy a staple food without the need for constant monitoring. This time-saving aspect is highly appealing to busy professionals and families around the world. Besides this, electric rice cookers are designed to ensure well-cooked rice consistently. They use advanced technology to adjust cooking times and temperatures, resulting in perfectly fluffy and evenly cooked rice every time, which is propelling the growth of the market.
Moreover, with a growing emphasis on healthy eating, people are using electric rice cookers to control their diet. These cookers allow precise measurement of rice and water, helping individuals manage portion sizes and calorie intake. Additionally, the rising demand for electric rice cookers that feature non-stick coatings and reduce the need for excessive oil or butter is offering lucrative growth opportunities to industry investors.
Apart from this, energy-efficient appliances are gaining traction due to environmental concerns and cost savings among individuals. Electric rice cookers are designed to consume minimal energy while maintaining consistent cooking results. This eco-friendly aspect aligns with preferences of eco-conscious people across the globe. In addition, key manufacturers are offering electric rice cookers with smart features, such as programmable timers, smartphone connectivity, and voice control, enhancing user experience and attracting tech-savvy individuals.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
- Zojirushi Corporation
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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