Multi cooker is a modern electric household appliance which is used for automated cooking. It consists of various parts, such as inner bowl, lid, temperature and pressure sensors, control panel, condensate collector, etc. It is a multifunctional cooker which can be used to boil, roast, bake, stew, fry, grill, steam and prepare yogurt. Multi cookers reduce the number of calories in the food as it uses less oil or fat for cooking, thereby promoting healthy eating habits. Owing to the convenience of use offered by multi cookers, they have gradually replaced several kitchen appliances, such as microwave, stove, oven, deep fryer, bread-maker, pan, and so on. According to the latest report by IMARC Group, titled “Multi Cooker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global multi cooker market reached a value of US$ 578 Million in 2018.
The increasing instances of obesity are making consumers more conscious about their health and dietary habits, encouraging them towards new cooking and healthy living practices. This is projected to strengthen the market growth of multi cookers globally. Furthermore, with the advancements in technology and automation in all spheres, consumers are rapidly switching from manual to electric appliances such as multi cooker. Moreover, the high disposable income of the consumers, improving lifestyle, and innovative product offerings and campaigns by the manufacturers are some of the other factors which facilitate the overall growth of global multi cooker market. Looking forward, the market value is anticipated to reach US$ 1,050 Million by 2024, expanding at a CAGR of 10.2% during 2019-2024.
This report provides a deep insight into the global multi cooker market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the multi cooker market in any manner.
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