Global Pressure Cooker Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pressure Cooker Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pressure Cooker is a sealed vessel used for pressure cooking. It works on a unique high temperature and pressure, greatly reducing the cooking time, saving energy.

Market Overview:

The latest research study on the global Pressure Cooker market finds that the global Pressure Cooker market reached a value of USD 5503.5 million in 2022. It’s expected that the market will achieve USD 7446.02 million by 2028, exhibiting a CAGR of 5.17% during the forecast period.

Opportunities

Pressure cooking requires much less water than conventional boiling, so food can be ready sooner. Less energy is required than that of boiling, steaming, or oven cooking. Since less water or liquid has to be heated, the food reaches its cooking temperature faster. Using more liquid than necessary wastes energy because it takes longer to heat up; the liquid quantity is stated in the recipe. Pressure cookers can use much less liquid than the amount required for boiling or steaming in an ordinary saucepan. It is not necessary to immerse food in water. The minimum quantity of water or liquid used in the recipe to keep the pressure cooker filled with steam is sufficient. Because of this, vitamins and minerals are not leached (dissolved) away by water, as they would be if food were boiled in large amounts of water. Due to the shorter cooking time, vitamins are preserved relatively well during pressure cooking.
Not only is this steam energy transmitted quickly to food, it is also transmitted rapidly to any micro-organisms that are present, easily killing even the deadliest types that are able to survive at the boiling point. Because of this enhanced germ-killing ability, a pressure cooker can be used as an effective sterilizer for jam pots, glass baby bottles, or for water while camping. In fact, the autoclave, used in hospitals to sterilize surgical instruments, is really just a more precise and technical version of the ordinary pressure cooker.
A pressure cooker can be used to compensate for lower atmospheric pressure at high elevations. The boiling point of water drops by approximately 1 °C per every 294 meters of altitude (1 °F per every 540 feet (160 m) of altitude), causing the boiling point of water to be significantly below the 100 °C (212 °F) at standard pressure. Without the use of a pressure cooker, boiled foods may be undercooked.

Region Overview:

From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects.

Company Overview:

Midea is one of the major players operating in the Pressure Cooker market, holding a share of 11.95% in 2018.

Midea Group Co., Ltd. manufactures, markets and installs household electrical appliances, compressors and components. Midea also provides services in information technology, corporate investment consultation, software and hardware development, property management and corporate engineering supports.

Zhejiang Supor Co., Ltd. manufactures and markets cookware and home appliance products. The Company produces non-stick pans, pressure cookers, stainless steel cookware, rice cookers, air purifiers, thermos cups, and more

Segmentation Overview:

Among different product types, Electric Pressure Cooker segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Home Use segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Pressure Cooker market covered in Chapter 3:

Panasonic
Zwilling
Philips
Joyoung
Midea
Double Happiness
SEB
SUPOR
ASD
Fissler
Luby

In Chapter 4 and Chapter 14.2, on the basis of types, the Pressure Cooker market from 2018 to 2029 is primarily split into:

Ordinary Energy Pressure Cooker
Electric Pressure Cooker

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pressure Cooker market from 2018 to 2029 covers:

Commercial Use
Home Use

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)