Electric Rice Cooker Market Report: Trends, Forecast and Competitive Analysis to 2030

Electric Rice Cooker Trends and Forecast

The future of the global electric rice cooker market looks promising with opportunities in the household and commercial applications. The global electric rice cooker market is expected to reach an estimated $4.0 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing interest in healthy home-cooked meals, rising popularity of Asian cuisines, and expanding number of working individuals.

A more than 150-page report is developed to help in your business decisions.

Electric Rice Cooker by Segment

The study includes a forecast for the global electric rice cooker by product type, application, and region.

Electric Rice Cooker Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Standard
• Multifunctional
• Induction
• Others

Electric Rice Cooker Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Household
• Commercial
• Others

Electric Rice Cooker Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Electric Rice Cooker Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric rice cooker companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric rice cooker companies profiled in this report include-

• Panasonic
• Toshiba
• Zojirushi
• Cusinart
• Bajaj Electricals
• Philips
• Tiger
• Cusinart
• Sunbeam Products
• Aroma Housewares

Electric Rice Cooker Market Insights

Lucintel forecasts that standard will remain the largest segment over the forecast period due to its numerous attributes, such as affordable, easy to use, and requiring minimal maintenance.

Within this market, household will remain the larger segment due to increasing residential consumer inclinations towards quick and hassle-free rice preparing devices.

APAC will remain the largest region over the forecast period due to siginificant population demand for rice-based dishes, growing disposable incomes, and rapid urbanization in the region.

Features of the Global Electric Rice Cooker Market

Market Size Estimates: Electric rice cooker market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Electric rice cooker market size by product type, application, and region in terms of value ($B).

Regional Analysis: Electric rice cooker market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the electric rice cooker market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric rice cooker market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the electric rice cooker market size?

Answer: The global electric rice cooker market is expected to reach an estimated $4.0 billion by 2030.

Q2. What is the growth forecast for electric rice cooker market?

Answer: The global electric rice cooker market is expected to grow with a CAGR of 5.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the electric rice cooker market?

Answer: The major drivers for this market are increasing interest in healthy home-cooked meals, rising popularity of Asian cuisines, and expanding number of working individuals.

Q4. What are the major segments for electric rice cooker market?

Answer: The future of the electric rice cooker market looks promising with opportunities in the household and commercial applications.

Q5. Who are the key electric rice cooker market companies?

Answer: Some of the key electric rice cooker companies are as follows:

• Panasonic
• Toshiba
• Zojirushi
• Cusinart
• Bajaj Electricals
• Philips
• Tiger
• Cusinart
• Sunbeam Products
• Aroma Housewares

Q6. Which electric rice cooker market segment will be the largest in future?

Answer: Lucintel forecasts that standard will remain the largest segment over the forecast period due to its numerous attributes, such as affordable, easy to use, and requiring minimal maintenance.

Q7. In electric rice cooker market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to siginificant population demand for rice-based dishes, growing disposable incomes, and rapid urbanization in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electric rice cooker market by product type (standard, multifunctional, induction, and others), application (household, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?