Global Electric Rice Cooker Market to Reach US$ 5.7 Billion by 2028, Stimulated by Rising Focus on Minimizing Energy Consumption

July 26, 2023 | Retail

According to the latest report by IMARC Group, titled “Electric Rice Cooker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global electric rice cooker market size reached US$ 3.9 Billion in 2022. An electric rice cooker is a kitchen appliance specifically designed to simplify and automate the process of cooking rice. It includes a heat source, a cooking bowl, and a thermostat that controls the temperature. It is available with various additional functions, such as slow cooking, baking, and frying, making them versatile appliances for various cooking needs. It is energy-efficient and uses less energy compared to a stovetop. It offers unparalleled convenience in the kitchen as it automates the rice cooking process, eliminating the need for constant monitoring and stirring. It is also employed for steaming vegetables and dumplings and even preparing soups.

Global Electric Rice Cooker Market Trends:

At present, the increasing utilization of electric rice cookers to save time and prevent over-cooking rice represents one of the crucial factors impelling the growth of the market. Besides this, the rising popularity of electric rice cookers, as they are portable and ideal for small kitchens and dormitories, is contributing to the growth of the market. In addition, the growing adoption of smart and connected appliances which can be monitored remotely through mobile apps is offering a favorable market outlook. Apart from this, the rising focus on minimizing energy consumption by various electronic devices is supporting the growth of the market. Additionally, the increasing number of e-commerce platforms selling various types of electric rice cookers is bolstering the growth of the market. Looking forward, the market value is projected to reach US$ 5.7 Billion by 2028, expanding at a CAGR of 5.97% during 2023-2028.

Market Summary:

  • Based on the product, the market has been segmented into standard, multifunctional, induction, and others. Standard currently dominates the market, holding the largest share.
  • On the basis of the capacity, the market has been divided into small volume, medium volume, large volume, and extra large volume. At present, small volume represents the biggest market share.
  • Based on the distribution channel, the market has been classified into supermarkets and hypermarkets, specialty stores, online stores, and others. Presently, supermarkets and hypermarkets exhibit a clear dominance in the market.
  • On the basis of end user, household represents the largest segment, followed by the commercial.
  • Region-wise, the market has been segregated into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some 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, Zojirushi Corporation, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Product
  • Capacity
  • Distribution channel
  • End User
  • Region
Products Covered Standard, Multifunctional, Induction, Others
Capacities covered Small Volume, Medium Volume, Large Volume, Extra- Large Volume
Distribution channels covered Supermarkets and Hypermarkets, Specialty Stores, Online Stores, Others
End users covered Household and Commercial
Regions 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
Five User License: US$ 3499
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Electric Rice Cooker Market to Reach US$ 5.7 Billion by 2028, Stimulated by Rising Focus on Minimizing Energy Consumption
Purchase options Year End sale

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More