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Electric Rice Cooker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global electric rice cooker market reached a value of US$ 3.62 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.32 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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.

 

 
 

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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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electric rice cooker market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, capacity, distribution channel and end user.

Breakup by Product:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Capacity, Distribution Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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$), 2016-2021
Figure 3: Global: Electric Rice Cooker Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Electric Rice Cooker Market: Breakup by Product (in %), 2021
Figure 5: Global: Electric Rice Cooker Market: Breakup by Capacity (in %), 2021
Figure 6: Global: Electric Rice Cooker Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Electric Rice Cooker Market: Breakup by End User (in %), 2021
Figure 8: Global: Electric Rice Cooker Market: Breakup by Region (in %), 2021
Figure 9: Global: Electric Rice Cooker (Standard) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Electric Rice Cooker (Standard) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Electric Rice Cooker (Multifunctional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Electric Rice Cooker (Multifunctional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Electric Rice Cooker (Induction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Electric Rice Cooker (Induction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Electric Rice Cooker (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Electric Rice Cooker (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Electric Rice Cooker (Small Volume) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Electric Rice Cooker (Small Volume) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Electric Rice Cooker (Medium Volume) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Electric Rice Cooker (Medium Volume) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Electric Rice Cooker (Large Volume) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Electric Rice Cooker (Large Volume) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Electric Rice Cooker (Extra Large Volume) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Electric Rice Cooker (Extra Large Volume) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Electric Rice Cooker (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Electric Rice Cooker (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Electric Rice Cooker (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Electric Rice Cooker (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Electric Rice Cooker (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Electric Rice Cooker (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Electric Rice Cooker (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Electric Rice Cooker (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Electric Rice Cooker (Household) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Electric Rice Cooker (Household) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Electric Rice Cooker (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Electric Rice Cooker (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Electric Rice Cooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Electric Rice Cooker Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Electric Rice Cooker Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Electric Rice Cooker Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Electric Rice Cooker Market Forecast: Breakup by Capacity (in Million US$), 2022-2027
Table 4: Global: Electric Rice Cooker Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Electric Rice Cooker Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Electric Rice Cooker Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Electric Rice Cooker Market: Competitive Structure
Table 8: Global: Electric Rice Cooker Market: Key Players


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Key Questions Answered in This Report

The global electric rice cooker market was valued at US$ 3.62 Billion in 2021.

We expect the global electric rice cooker market to exhibit a CAGR of 6.30% during 2022-2027.

The rising demand for energy efficient electrical kitchen devices, along with the emergence of multifunctional electric rice cookers to cook grains and lentils, is primarily driving the global electric rice cooker market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of electric rice cookers.

Based on the product, the global electric rice cooker market has been segmented into standard, multifunctional, induction, and others. Among these, standard electric rice cooker holds the majority of the total market share.

Based on the capacity, the global electric rice cooker market can be divided into small volume, medium volume, large volume, and extra large volume. Currently, small volume exhibits a clear dominance in the market.

Based on the distribution channel, the global electric rice cooker market has been categorized into supermarkets and hypermarkets, specialty stores, online stores, and others. Among these, supermarkets and hypermarkets account for the majority of the global market share.

Based on the end user, the global electric rice cooker market can be segregated into household and commercial. Currently, household segment holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global electric rice cooker market include 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.

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