Dublin, Nov. 20, 2024 (GLOBE NEWSWIRE) -- The "Electric Rice Cookers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Electric Rice Cookers was estimated at US$1.1 Billion in 2023 and is projected to reach US$1.7 Billion by 2030, growing at a CAGR of 6.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the electric rice cookers market is driven by several factors, including the demand for convenient cooking solutions, the popularity of rice as a staple food, and advancements in kitchen appliance technology. As consumers lead increasingly busy lives, the convenience offered by electric rice cookers, which automate cooking tasks, is highly appealing. The ability to produce consistently cooked rice with minimal oversight makes electric rice cookers an attractive option for both novice and experienced cooks. Additionally, the rising popularity of rice-based diets and healthy meal preparation has led to increased demand for rice cookers that offer versatile cooking functions beyond basic rice preparation.
Growing consumer awareness of the health benefits associated with whole grains has also contributed to market growth, as electric rice cookers enable users to prepare nutritious, low-fat meals easily. Together, these factors are driving the adoption of electric rice cookers, positioning them as essential kitchen appliances for a wide range of consumers.
Why Are Electric Rice Cookers Gaining Popularity Among Consumers?
Electric rice cookers have become popular household appliances due to their convenience, versatility, and ability to deliver consistently cooked rice. As consumer lifestyles become busier, electric rice cookers offer a quick, hands-free solution for cooking rice and other grains without constant supervision. These cookers simplify meal preparation, allowing users to focus on other tasks while the appliance handles precise temperature and timing controls. Many electric rice cookers now come with programmable settings for various types of rice, such as white, brown, and sushi rice, ensuring optimal results with minimal effort. The convenience factor, combined with consistent quality, makes electric rice cookers highly appealing to both novice and experienced home cooks.
The health-conscious trend has also contributed to the popularity of electric rice cookers, as they support the preparation of nutritious, whole-grain meals. With features like steaming trays, electric rice cookers enable users to prepare entire meals, including vegetables and proteins, making them a versatile appliance for health-focused cooking. Additionally, their portability and ease of use make them suitable for small living spaces and dorm rooms. As consumers prioritize both convenience and healthy eating, electric rice cookers are increasingly valued as an essential kitchen appliance, meeting the demands of modern cooking.
What Technological Innovations Are Enhancing Electric Rice Cookers?
The electric rice cooker market has seen various technological advancements that improve functionality, energy efficiency, and user convenience. Induction heating is a significant innovation in high-end electric rice cookers, allowing for precise and even heat distribution. Unlike conventional electric rice cookers, which rely on a single heating element at the bottom, induction heating cookers heat the entire inner pot, resulting in fluffier and more evenly cooked rice. Fuzzy logic technology is another key development, enabling cookers to automatically adjust cooking times and temperatures based on the type and quantity of rice, ensuring optimal cooking results. This technology makes electric rice cookers smarter and easier to use, as users can simply select the rice type and let the cooker handle the rest.
Advancements in materials, such as non-stick ceramic inner pots, have also improved the durability and cleaning convenience of electric rice cookers. Many models now offer multiple cooking functions, such as slow cooking, steaming, and porridge settings, transforming rice cookers into multifunctional kitchen appliances. Smart features, including Wi-Fi connectivity and app integration, are also emerging, allowing users to control and monitor the cooker remotely. These innovations are enhancing the appeal and versatility of electric rice cookers, catering to a wide range of consumer preferences and culinary needs.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Electric Rice Cookers Market such as Aroma Houseware Company, Conair Corporation, ELECTROLUX, Koninklijke Philips, Newell Brands and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Standard Cookers segment, which is expected to reach US$900.3 Million by 2030 with a CAGR of a 5.1%. The Multifunctional Cookers segment is also set to grow at 8.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $290.2 Million in 2023, and China, forecasted to grow at an impressive 9.6% CAGR to reach $393.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 92 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.7 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Electric Rice Cookers - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Consumer Demand for Convenient Cooking Solutions Drives Market for Multi-Function Electric Rice Cookers
- Growth in Urbanization and Rising Disposable Income Expands Market for Electric Rice Cookers in Emerging Economies
- Rising Trend Toward Healthy Eating Spurs Demand for Electric Rice Cookers with Steam and Slow-Cooking Functions
- Advancements in Smart Kitchen Appliances Propel Demand for IoT-Enabled Electric Rice Cookers with Remote Control
- Expansion of Retail and E-Commerce Channels Strengthens Accessibility and Growth of Electric Rice Cooker Market
- Focus on Energy Efficiency and Eco-Friendly Appliances Expands Demand for Low-Power Consumption Electric Rice Cookers
- Rising Popularity of Multi-Cuisine Cooking Drives Innovation in Electric Rice Cookers with Versatile Cooking Modes
- Demand for Compact and Space-Saving Appliances Expands Addressable Market for Electric Rice Cookers in Small Kitchens
- Increasing Adoption of Electric Rice Cookers in Institutional Catering and Foodservice Boosts Market Growth
- Growth of Home Meal Preparation Trend Fuels Demand for High-Capacity Electric Rice Cookers in Family Households
- Focus on Minimizing Cooking Time Spurs Innovation in Rapid-Heating and High-Power Electric Rice Cookers
- Rising Popularity of Japanese and Asian Cuisine Globally Strengthens Demand for Premium Electric Rice Cookers
- Focus on Advanced Safety Features Drives Demand for Electric Rice Cookers with Auto Shut-Off and Heat Control
FOCUS ON SELECT PLAYERS
- Aroma Houseware Company
- Conair Corporation
- ELECTROLUX
- Koninklijke Philips
- Newell Brands
- Panasonic Inc.
- Pigeon Corporation
- Spectrum Brands
- Sunbeam Product Inc.
- Tiger Corporation
- Toshiba Corporation
- TTK Prestige Limited
- Zojirushi America Corporation
For more information about this report visit https://www.researchandmarkets.com/r/7muufu
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