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Electric Rice Cooker Market Trends

Report ID: GMI6672
Published Date: Sep 2023
Report Format: PDF

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Electric Rice Cooker Market Trends

The integration of smart technology into kitchen appliances is contributing to the lucrative evolution of electric rice cookers. The innovative features offered in these cookers enhance user convenience and cater to tech-savvy consumers, expanding the appeal of electric rice cookers. For instance, Xiaomi launched a range of products including the MIJIA Translucent Steam Rice Cooker. This innovative addition to its lineup boasts seven cooking modes.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Electric rice cooker market size was USD 3.2 billion in 2022 and is anticipated to witness over 6% CAGR from 2023 to 2032 owing to its unmatched convenience in preparing rice dishes

The offline distribution channel segment held over 67% revenue share in 2022 and is projected to witness significant CAGR from 2023-2032 due to its ability to reach broad and diverse consumer base

North America recorded over 35% of the market share in 2022 driven by the surging adoption of smart consumer goods in this region

Some of the leading industry players are Panasonic Corporation, Tiger Corporation, Zojirushi Corporation, Hamilton Beach Brands Inc., Breville Group Limited, Hitachi Appliances Inc., and Toshiba Corporation.