Global Electric Rice Cooker Market Growth 2023-2029

Global Electric Rice Cooker Market Growth 2023-2029

A rice cooker is an electrical kitchen appliance use for cooking of rice. It utilizes an insulated outer container and an inner removable bowl, often coated with a non-stick surface, and has an indicator for water level to be maintained vis-à- vis the quantity of rice. The cooking principle is simple: it boils rice through the heating via electric element around the inner container. While cooking (when water is being evaporated from food), about 700 watts of electric power is consumed; on slow cooking mode, once the food is cooked, about 30–45 watts of electricity is consumed

LPI (LP Information)' newest research report, the “Electric Rice Cooker Industry Forecast” looks at past sales and reviews total world Electric Rice Cooker sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Rice Cooker sales for 2023 through 2029. With Electric Rice Cooker sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Rice Cooker industry.

This Insight Report provides a comprehensive analysis of the global Electric Rice Cooker landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Rice Cooker portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Rice Cooker market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Rice Cooker and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Rice Cooker.

The global Electric Rice Cooker market size is projected to grow from US$ 748.2 million in 2022 to US$ 1104.1 million in 2029; it is expected to grow at a CAGR of 1104.1 from 2023 to 2029.

First of all, a key driver of the global rice cookers market is convenience of rice cookers, customers can control temperature and select time of cooking. In addition, they are able to cook what they want including fish and soup even porridge. Second, Asia Pacific electric rice cooker dominate the market share in the following year owing to the largest consumption of rice and large number of population in the region. China Demand for electric rice cooker and scooters is significantly higher than other countries across the region. Others are expected to rise in forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Rice Cooker market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Insulation Automatic
Timing Insulation
New Microcomputer Cont

Segmentation by application
E-Commerce
Retail store

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Toshiba Corporation
Panasonic
Bajaj Electricals
Pigeon Corporation,
Zojirushi America Corporation
Cusinart
Tiger Corporation
Sunbeam Products
Aroma Housewares Company

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Rice Cooker market?

What factors are driving Electric Rice Cooker market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Rice Cooker market opportunities vary by end market size?

How does Electric Rice Cooker break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.