Electric Rice Cooker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
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.
Electric rice cookers are electrical cooking appliances with a heating element that helps prepare rice. They are made from aluminum or steel, which helps regulate the temperature required for cooking. They offer several advantages, such as cooking the rice automatically as well as keeping it warm. As a result, they find extensive applications in residential and commercial sectors across the globe.
Electric Rice Cooker Market Trends:
There is presently a considerable rise in the use of convenience products among individuals due to their busy lifestyles. This, along with the growing dependency on electrical appliances that are easy to handle and need less time for cooking, represents one of the key factors driving the market. In addition, there is a shift from the utilization of gas-based kitchen appliances to electrical kitchen appliances among the masses due to the inflating prices of cooking gas around the world. This, coupled with the several benefits offered by electric rice cookers, such as uniform cooking and non-sticky rice, is propelling the growth of the market. In addition, electric rice cookers allow consumers to cook grains and lentils other than rice, which is positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce a Wi-Fi-based induction rice cooker. In line with this, electric rice cookers are highly energy-efficient compared to traditional cookers, which is offering lucrative growth opportunities to industry investors. Furthermore, the rising integration of the internet of things (IoT) in the electric rice cookers to facilitate minimal intervention by remote control is projected to bolster the growth of the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric rice cooker market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
1. What was the size of the global electric rice cooker market in 2022?
2. What is the expected growth rate of the global electric rice cooker market during 2023-2028?
3. What are the key factors driving the global electric rice cooker market?
4. What has been the impact of COVID-19 on the global electric rice cooker market?
5. What is the breakup of the global electric rice cooker market based on the product?
6. What is the breakup of the global electric rice cooker market based on the capacity?
7. What is the breakup of the global electric rice cooker market based on the distribution channel?
8. What is the breakup of the global electric rice cooker market based on the end user?
9. What are the key regions in the global electric rice cooker market?
10. Who are the key players/companies in the global electric rice cooker market?
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Key Industry Trends
- 5 Global Electric Rice Cooker Market
- 5.1Market Overview
- 5.2Market Performance
- 5.3Impact of COVID-19
- 5.4Market Forecast
- 6 Market Breakup by Product
- 6.1Standard
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2Multifunctional
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3Induction
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Capacity
- 7.1Small Volume
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2Medium Volume
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3Large Volume
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4Extra Large Volume
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 8 Market Breakup by Distribution Channel
- 8.1Supermarkets and Hypermarkets
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2Specialty Stores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3Online Stores
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by End User
- 9.1Household
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2Commercial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 10 Market Breakup by Region
- 10.1North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1Overview
- 11.2Strengths
- 11.3Weaknesses
- 11.4Opportunities
- 11.5Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1Overview
- 13.2Bargaining Power of Buyers
- 13.3Bargaining Power of Suppliers
- 13.4Degree of Competition
- 13.5Threat of New Entrants
- 13.6Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1Market Structure
- 15.2Key Players
- 15.3Profiles of Key Players
- 15.3.1AB Electrolux
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2Bajaj Electricals Ltd.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3Breville Group Limited
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4Groupe SEB
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5Koninklijke Philips N.V.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6Newell Brands
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7Panasonic Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8Tiger Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9Toshiba Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10TTK Prestige Ltd.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.11Wonderchef Home Appliances Pvt. Ltd
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12Zojirushi Corporation
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
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