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Electric Rice Cooker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5615248
Description Jump to:
The global electric rice cooker market size reached US$ 3.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.97% during 2023-2028.

Electric rice cookers are electrical cooking appliances with a heating element that helps prepare rice. They are made from aluminum or steel, which helps regulate the temperature required for cooking. They offer several advantages, such as cooking the rice automatically as well as keeping it warm. As a result, they find extensive applications in residential and commercial sectors across the globe.

Electric Rice Cooker Market Trends:

There is presently a considerable rise in the use of convenience products among individuals due to their busy lifestyles. This, along with the growing dependency on electrical appliances that are easy to handle and need less time for cooking, represents one of the key factors driving the market. In addition, there is a shift from the utilization of gas-based kitchen appliances to electrical kitchen appliances among the masses due to the inflating prices of cooking gas around the world. This, coupled with the several benefits offered by electric rice cookers, such as uniform cooking and non-sticky rice, is propelling the growth of the market. In addition, electric rice cookers allow consumers to cook grains and lentils other than rice, which is positively influencing the market. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce a Wi-Fi-based induction rice cooker. In line with this, electric rice cookers are highly energy-efficient compared to traditional cookers, which is offering lucrative growth opportunities to industry investors. Furthermore, the rising integration of the internet of things (IoT) in the electric rice cookers to facilitate minimal intervention by remote control is projected to bolster the growth of the market in the upcoming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global electric rice cooker market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, capacity, distribution channel and end user.

Breakup by Product:

  • Standard
  • Multifunctional
  • Induction
  • Others

Breakup by Capacity:

  • Small Volume
  • Medium Volume
  • Large Volume
  • Extra Large Volume

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others

Breakup by End User:

  • Household
  • Commercial

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Electrolux, Bajaj Electricals Ltd., Breville Group Limited, Groupe SEB, Koninklijke Philips N.V., Newell Brands, Panasonic Corporation, Tiger Corporation, Toshiba Corporation, TTK Prestige Ltd., Wonderchef Home Appliances Pvt. Ltd and Zojirushi Corporation.

Key Questions Answered in This Report

1. What was the size of the global electric rice cooker market in 2022?
2. What is the expected growth rate of the global electric rice cooker market during 2023-2028?
3. What are the key factors driving the global electric rice cooker market?
4. What has been the impact of COVID-19 on the global electric rice cooker market?
5. What is the breakup of the global electric rice cooker market based on the product?
6. What is the breakup of the global electric rice cooker market based on the capacity?
7. What is the breakup of the global electric rice cooker market based on the distribution channel?
8. What is the breakup of the global electric rice cooker market based on the end user?
9. What are the key regions in the global electric rice cooker market?
10. Who are the key players/companies in the global electric rice cooker market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electric Rice Cooker Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Standard
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Multifunctional
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Induction
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Capacity
7.1 Small Volume
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Medium Volume
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Large Volume
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Extra Large Volume
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Specialty Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Online Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End User
9.1 Household
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AB Electrolux
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Bajaj Electricals Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Breville Group Limited
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Groupe SEB
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Koninklijke Philips N.V.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Newell Brands
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Panasonic Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Tiger Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Toshiba Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 TTK Prestige Ltd.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Wonderchef Home Appliances Pvt. Ltd
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Zojirushi Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
List of Figures
Figure 1: Global: Electric Rice Cooker Market: Major Drivers and Challenges
Figure 2: Global: Electric Rice Cooker Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Electric Rice Cooker Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Electric Rice Cooker Market: Breakup by Product (in %), 2022
Figure 5: Global: Electric Rice Cooker Market: Breakup by Capacity (in %), 2022
Figure 6: Global: Electric Rice Cooker Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Electric Rice Cooker Market: Breakup by End User (in %), 2022
Figure 8: Global: Electric Rice Cooker Market: Breakup by Region (in %), 2022
Figure 9: Global: Electric Rice Cooker (Standard) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Electric Rice Cooker (Standard) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Electric Rice Cooker (Multifunctional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Electric Rice Cooker (Multifunctional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Electric Rice Cooker (Induction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Electric Rice Cooker (Induction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Electric Rice Cooker (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Electric Rice Cooker (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Electric Rice Cooker (Small Volume) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Electric Rice Cooker (Small Volume) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Electric Rice Cooker (Medium Volume) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Electric Rice Cooker (Medium Volume) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Electric Rice Cooker (Large Volume) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Electric Rice Cooker (Large Volume) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Electric Rice Cooker (Extra Large Volume) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Electric Rice Cooker (Extra Large Volume) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Electric Rice Cooker (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Electric Rice Cooker (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Electric Rice Cooker (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Electric Rice Cooker (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Electric Rice Cooker (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Electric Rice Cooker (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Electric Rice Cooker (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Electric Rice Cooker (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Electric Rice Cooker (Household) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Electric Rice Cooker (Household) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Electric Rice Cooker (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Electric Rice Cooker (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia-Pacific: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia-Pacific: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: Electric Rice Cooker Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: Electric Rice Cooker Market: Breakup by Country (in %), 2022
Figure 85: Middle East and Africa: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: Electric Rice Cooker Industry: SWOT Analysis
Figure 87: Global: Electric Rice Cooker Industry: Value Chain Analysis
Figure 88: Global: Electric Rice Cooker Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Electric Rice Cooker Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Electric Rice Cooker Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Electric Rice Cooker Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
Table 4: Global: Electric Rice Cooker Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Electric Rice Cooker Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Electric Rice Cooker Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Electric Rice Cooker Market: Competitive Structure
Table 8: Global: Electric Rice Cooker Market: Key Players

Companies Mentioned

  • AB Electrolux
  • Bajaj Electricals Ltd.
  • Breville Group Limited
  • Groupe SEB
  • Koninklijke Philips N.V.
  • Newell Brands
  • Panasonic Corporation
  • Tiger Corporation
  • Toshiba Corporation
  • TTK Prestige Ltd.
  • Wonderchef Home Appliances Pvt. Ltd
  • Zojirushi Corporation.

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedJuly 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 3.9 Billion
Forecasted Market Value ( USD ) by 2028 $ 5.7 Billion
Compound Annual Growth Rate6.5%
Regions CoveredGlobal
No. of Companies Mentioned12

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