Electronic Rice Cooker Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Product Type

Overview of the Electronic Rice Cooker Market

The global electronic rice cooker market is poised for significant growth from 2025 to 2030, driven by increasing demand for convenient and energy-efficient kitchen appliances. The market is expected to grow at a compound annual growth rate (CAGR) of 5.8% during this period. The rising adoption of smart kitchen appliances, coupled with advancements in technology, is fueling the demand for electronic rice cookers. Additionally, the growing urban population and changing consumer lifestyles are contributing to the market's expansion.

Market Size and Share Analysis

In 2025, the global electronic rice cooker market is projected to be valued at $4.2 billion, with a steady increase to $5.3 billion by 2030. The market is segmented into two primary product types: Mass Electronic Rice Cookers and Premium Electronic Rice Cookers. The mass segment currently holds a larger market share, accounting for 65%-70% of the total market, while the premium segment is expected to grow at a faster rate due to increasing consumer preference for advanced features and smart functionalities.

Market Share by Product Type

• Mass Electronic Rice Cookers: 65%-70% market share
• Premium Electronic Rice Cookers: 30%-35% market share

Key Players in the Market

The electronic rice cooker market is highly competitive, with several key players dominating the industry. Major companies include:

• Panasonic
• Philips
• Tiger
• Zo Jirushi
• Toshiba
• MITSUBISHI
• Cuckoo
• Cuchen
• Midea
• Groupe SEB
• Joyoung
• ASD
• TTK Prestige Ltd
• Butterfly Gandhimathi Appliances Ltd
• Stove Kraft Ltd
• Bajaj Electricals Ltd

Market Trends and Analysis

The electronic rice cooker market is witnessing several key trends that are expected to shape its growth trajectory:

• Smart Technology Integration: The integration of IoT and smart technology in rice cookers is gaining traction, with consumers increasingly opting for appliances that offer remote control and monitoring capabilities.
• Energy Efficiency: Energy-efficient rice cookers are becoming more popular as consumers seek to reduce their energy consumption and lower utility bills.
• Multi-Functionality: Rice cookers with multiple cooking functions, such as steaming, slow cooking, and baking, are in high demand as they offer greater versatility in the kitchen.
• Health and Wellness: The growing focus on health and wellness is driving the demand for rice cookers that can prepare healthier meals, such as brown rice and quinoa.

Regional Analysis

The electronic rice cooker market is segmented into several key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is expected to dominate the market, accounting for 45%-50% of the global market share. This is primarily due to the high consumption of rice in countries like China, India, and Japan. North America and Europe are also expected to witness significant growth, driven by the increasing adoption of smart kitchen appliances.

Market Share by Region

• Asia-Pacific: 45%-50%
• North America: 20%-25%
• Europe: 15%-20%
• Latin America: 5%-10%
• Middle East & Africa: 5%-10%

Market News on Policy and Companies

Several policy changes and company developments are expected to impact the electronic rice cooker market:

• Energy Efficiency Standards: Governments worldwide are implementing stricter energy efficiency standards for household appliances, which is expected to drive innovation in the electronic rice cooker market.
• Company Collaborations: Key players in the market are increasingly entering into collaborations and partnerships to expand their product portfolios and enhance their market presence. For example, Panasonic recently partnered with a leading IoT company to develop smart rice cookers with advanced connectivity features.
• Product Launches: Companies are continuously launching new products with advanced features to cater to the evolving needs of consumers. Cuckoo recently introduced a new line of premium rice cookers with AI-based cooking algorithms.

Segment Forecasts (2025 - 2030)

The electronic rice cooker market is expected to witness significant growth across all segments:

• Mass Electronic Rice Cookers: This segment is expected to grow at a CAGR of 4.5%-5.5% during the forecast period, driven by the increasing demand for affordable and reliable rice cookers in emerging markets.
• Premium Electronic Rice Cookers: The premium segment is projected to grow at a higher CAGR of 6.5%-7.5%, fueled by the rising adoption of smart and multi-functional rice cookers in developed regions.
• By Application: The residential segment is expected to dominate the market, accounting for 70%-75% of the total market share. However, the commercial segment is also expected to witness steady growth, driven by the increasing demand for rice cookers in restaurants and catering services.
• By End-Use: The household segment is expected to hold the largest market share, while the hospitality sector is projected to grow at a faster rate due to the increasing number of hotels and restaurants worldwide.

Conclusion

The global electronic rice cooker market is set to experience robust growth from 2025 to 2030, driven by technological advancements, changing consumer preferences, and increasing demand for energy-efficient and multi-functional kitchen appliances. With key players continuously innovating and expanding their product portfolios, the market is expected to offer lucrative opportunities for both existing and new entrants. The Asia-Pacific region is anticipated to remain the dominant market, while North America and Europe are expected to witness significant growth due to the rising adoption of smart kitchen appliances.