Global Multicooker Market 2024-2028

Global Multicooker Market 2024-2028

Global Multicooker Market 2024-2028

The multicooker market is forecasted to grow by USD 3906.8 mn during 2023-2028, accelerating at a CAGR of 33.15% during the forecast period. The report on the multicooker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product innovation and portfolio extension leading to premiumization, product convenience and multiple functions enable better cooking experience, and expansion of distribution network.

Technavio's multicooker market is segmented as below:

• By Distribution Channel
• Offline
• Online
• By Capacity
• 5-6 quarts
• Less than 5 quarts
• Greater than 6 quarts
• By Geographical Landscape
• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the integration of smart connectivity in multicookers as one of the prime reasons driving the multicooker market growth during the next few years. Also, changing dietary habits and rising consumer health consciousness and increased adoption of modular kitchen will lead to sizable demand in the market.

The report on the multicooker market covers the following areas:

• Multicooker market sizing
• Multicooker market forecast
• Multicooker market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading multicooker market vendors that include Aroma Housewares Co., Breville Group Ltd., CHEFMAN, Corelle Brands LLC, De Longhi S.p.A, Domu Brands Ltd., Glen Dimplex Group., Gourmia Inc., SEB Developpement SA, Hamilton Beach Brands Holding Co., Hisense International Co. Ltd., John Mills Ltd., Koninklijke Philips N.V., Mueller Direct, National Presto Industries Inc., Newell Brands Inc., Panasonic Holdings Corp., REDMOND Industrial group, Robert Bosch GmbH, SharkNinja Operating LLC, Spectrum Brands Holdings Inc., Sunpentown International Inc., Tiger Corp., TTK Prestige Ltd., and Whirlpool Corp.. Also, the multicooker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.