Global Multi Cooker Market to Reach US$ 1,929.4 Million by 2032, Impelled by Rising Health Consciousness

December 20, 2018 | Retail

The latest report by IMARC Group, titled “Multi Cooker Market Report by Product Type (Round, Cube, and Others), Application (Restaurants, Home Use, and Others), Distribution Channel (Electrical Goods Retailers, Supermarkets/Hypermarkets, Departmental Stores, Homeware Stores, Online, and Others), and Region 2024-2032”, estimates that the global multi cooker market reached a value of US$ 831.1 Million in 2023. Multi cookers are modern electric appliances that are utilized for automated cooking. They consist of various parts such as the inner bowl, lid, control panel, temperature and pressure sensors, and condensate collector, which assist in performing multiple tasks. They are widely used for boiling, simmering, baking, frying, grilling, roasting and steaming across households as well as commercial spaces. These cookers are equipped with pre-programmed user modes which offer convenient cooking options for the users. They require minimum monitoring and can cook an entire meal in minimal time.

Global Multi Cooker Market Trends:

Rising health consciousness among consumers across the globe is one of the major factors driving the growth of the market. This has led them to make a shift from consuming calorie-rich packaged and convenience foods to homecooked meals, thereby increasing the demand for multi cookers. Moreover, these cookers assist in preparing a vast array of food items simultaneously in a limited amount of time with minimal effort, owing to which their sales are witnessing exponential increase across the globe. Furthermore, escalating charges of electricity coupled with the rising awareness about energy saving are also providing a thrust to the market growth. These cookers save energy by significantly reducing cooking time, thus further aiding to minimize power consumption. Owing to this benefit, they have emerged as a convenient alternative to appliances such as a microwave oven, which usually consumes a significant amount of energy. Other factors such as increasing working population, rising disposable income, improving lifestyle, and innovative product offerings by the manufacturers are also positively influencing the market growth. On account of the aforementioned factors, the global multi cooker market size is expected to reach US$ 1,929.4 Million by 2032, growing at a CAGR of 9.5% during 2024-2032.

Market Summary:

  • On the basis of the product type, the market is categorized into round, cube and others. Amongst these, round multi cookers are the most preferred product type.
  • Based on the application, home use exhibits a clear dominance in the market.
  • On the basis of the distribution channel, the market is divided into electrical goods retailers, supermarkets/hypermarkets, departmental stores, homeware stores, online and others. At present, electrical goods retailers account for the majority of the total market share.
  • On the geographical front, North America holds the leading position in the market. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been studied in the report with some of the key players operating in the market being Philips, Morphy Richards, KitchenAid, Fagor, Breville and Tefal.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Philips, Morphy Richards, KitchenAid, Fagor, Breville and Tefal
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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.

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Global Multi Cooker Market to Reach US$ 1,929.4 Million by 2032, Impelled by Rising Health Consciousness
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