Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "North America Multi Cooker Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
After achieving a market size of US$ 357.5 million in 2022, the multi cooker market in North America is projected to ascend to US$ 623.1 million, with a Compound Annual Growth Rate (CAGR) of 9.9% over the next five years.
Multi cookers have become an indispensable part of modern kitchen convenience in North America, offering versatile functionalities such as baking, boiling, roasting, grilling, steaming, stewing and frying. With an increasing emphasis on health and wellness, coupled with the surge in chronic health conditions, consumers are shifting towards kitchen appliances that facilitate healthy cooking habits. The integration of advanced technologies into multi cookers, including smart and Bluetooth-enabled features, is significantly influencing the market's trajectory.
Market Trends and Drivers
The report analyzes key market trends and identifies major drivers contributing to market expansion. Among these factors are escalating health-consciousness, adoption of automated kitchen appliances, technological advancements, and the high standards of living characterizing the North American populace. Additionally, manufacturers' commitment to research and development has fostered innovation, driving consumer demand for sophisticated and multifunctional cooking appliances.
Analysis by Segmentation
The comprehensive analysis offers a granular assessment of the market, with segmentation by product type, application, and distribution channel:
- Product Type: Including round, cube, and other multi cooker designs.
- Application: Categorized by usage in restaurants, home environments, and other applications.
- Distribution Channel: Detailing electrical goods retailers, supermarkets/hypermarkets, departmental stores, homeware stores, online retailers, and other channels.
The geographic analysis underscores the performance and prospects within key regions such as the United States and Canada, providing insights tailored to each country's market dynamics.
Competitive Landscape and Key Insights
The report includes a value chain analysis, Porter's Five Forces analysis, key drivers and challenges, as well as a review of the competitive landscape. It profiles key players, examining the competitive structure and the industry's degrees of competition. Analysts aim to provide stakeholders with a comprehensive understanding of the profit margins and the strategic dynamics shaping the North America multi cooker industry.
The impact of the COVID-19 pandemic on the North America multi cooker market is also thoroughly evaluated, offering stakeholders insights into the adjustments and resilience within the industry.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $357.5 Million |
| Forecasted Market Value (USD) by 2028 | $621.1 Million |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | North America |
For more information about this report visit https://www.researchandmarkets.com/r/jf4ffb
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