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 2021-2026”, the global multi cooker market reached a value of US$ 720 Million in 2020.
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, IMARC Group expects the global multi cooker market to grow at a CAGR of 9.50% during 2021-2026.
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.
Key Questions Answered in This Report:
The global multi cooker market reached a value of US$ 720 Million in 2020.
According to the estimates by IMARC Group, the global multi cooker market is expected to grow at a CAGR of 9.50% during 2021-2026.
The increasing instances of obesity are making consumers more conscious about their health and dietary habits, thereby encouraging them to adopt new cooking and healthy living practices. This represents one of the key drivers for the global multi cooker market.
The introduction of innovative product variants with higher efficiency, enhanced features, easy portability, etc., represents one of the key trends in the global multi cooker market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and disrupted supply chains for multi cookers.
On the basis of product type, the market has been bifurcated into round, cube, and others. Amongst these, round multi cookers are the most preferred product type.
On the basis of application, the market has been bifurcated into home use, restaurants, and others, where home use exhibits a clear dominance in the global multi cooker market.
On the basis of distribution channel, the market has been bifurcated into electrical goods retailers, supermarkets/hypermarkets, departmental stores, homeware stores, online, and others. Amongst these, electrical goods retailers exhibit a clear dominance in the market.
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America, where North America accounts for the majority of the market share.
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