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

Market Overview:

The global multi cooker market reached a value of US$ 696.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,343.9 Million by 2027, exhibiting at a CAGR of 11.5% 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.

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.

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.

Key Market Segmentation:

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

Breakup by Product Type:

  • Round 
  • Cube
  • Others
     

Based on the product type, round multi cookers represent the most popular product type. Other major segments include cube and others.

Breakup by Application:

  • Restaurants
  • Home Use
  • Others
     

On the basis of application, the market has been divided into home use, restaurants and others. At present, home use represents the biggest application segment.

Breakup by Distribution Channel:

  • Electrical Goods Retailers
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Homeware Stores
  • Online
  • Others
     

Based on the distribution channel, the market is categorized into electrical goods retailers, supermarkets/hypermarkets, departmental stores, homeware stores, online and others. Amongst these, electrical goods retailers exhibit a clear dominace in the market.

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Region-wise, North America is the leading market, accounting for the majority of the market share. North America is followed by Europe and Asia Pacific. Other major regions include Middle East & Africa, and Latin America.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Philips, Morphy Richards, KitchenAid, Fagor, Breville and Tefal.

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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$ 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)

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 Multicooker Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Price Analysis
        5.4.1    Price Indicators
        5.4.2    Price Structure
        5.4.3    Margin Analysis
    5.5    Market Breakup by Product Type
    5.6    Market Breakup by Application
    5.7    Market Breakup by Distribution Channel
    5.8    Market Breakup by Region
    5.9    Market Forecast
    5.10    SWOT Analysis
        5.10.1    Overview
        5.10.2    Strengths
        5.10.3    Weaknesses
        5.10.4    Opportunities
        5.10.5    Threats
    5.11    Value Chain Analysis
        5.11.1    Overview
        5.11.2    Research and Development
        5.11.3    Raw Material Procurement
        5.11.4    Manufacturing
        5.11.5    Marketing
        5.11.6    Distribution
        5.11.7    End-Use
    5.12    Porters Five Forces Analysis
        5.12.1    Overview
        5.12.2    Bargaining Power of Buyers
        5.12.3    Bargaining Power of Suppliers
        5.12.4    Degree of Competition
        5.12.5    Threat of New Entrants
        5.12.6    Threat of Substitutes
6   Market Breakup by Product Type
    6.1    Round
         6.1.1    Market Trends
         6.1.2    Market Forecast
    6.2    Cube
         6.2.1    Market Trends
         6.2.2    Market Forecast
    6.3    Others
         6.3.1    Market Trends
         6.3.2    Market Forecast
7   Market Breakup by Application
    7.1    Restaurants
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Home Use
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Distribution Channel
    8.1    Electrical Goods Retailers
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Supermarkets/Hypermarkets
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Departmental Stores
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Homeware Stores
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Online
       8.5.1 Market Trends
       8.5.2 Market Forecast
    8.6    Others
       8.6.1 Market Trends
       8.6.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Europe
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Asia Pacific
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Middle East & Africa
      9.4.1 Market Trends
       9.4.2 Market Forecast
    9.5    Latin America
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Multicooker Manufacturing Process
    10.1    Product Overview
    10.2    Raw Material Requirements
    10.3    Manufacturing Process
    10.4    Key Success and Risk Factors
11  Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
    11.3    Profiles of Key Players
        11.3.1    Philips
        11.3.2    Morphy Richards
        11.3.3    KitchenAid
        11.3.4    Fagor
        11.3.5    Breville
        11.3.6    Tefal

List of Figures

Figure 1: Global: Multicooker Market: Major Drivers and Challenges
Figure 2: Global: Multicooker Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Multicooker Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Multicooker Market: Breakup by Application (in %), 2021
Figure 5: Global: Multicooker Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Multicooker Market: Breakup by Region (in %), 2021
Figure 7: Global: Multicooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 8: Multicooker Market: Price Structure (in US$/Unit)
Figure 9: Global: Multicooker Industry: SWOT Analysis
Figure 10: Global: Multicooker Industry: Value Chain Analysis
Figure 11: Global: Multicooker Industry: Porter’s Five Forces Analysis
Figure 12: Global: Multicooker (Round Type) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Multicooker (Round Type) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Multicooker (Cube Type) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Multicooker (Cube Type) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Multicooker (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Multicooker (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Multicooker (Application in Restaurants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Multicooker (Application in Restaurants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Multicooker (Application in Home Use) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Multicooker (Application in Home Use) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Multicooker (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Multicooker (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Multicooker Market: Sales through Electrical Goods Retailers (in Million US$), 2016 & 2021
Figure 25: Global: Multicooker Market Forecast: Sales through Electrical Goods Retailers (in Million US$), 2022-2027
Figure 26: Global: Multicooker Market: Sales through Supermarkets/Hypermarkets (in Million US$), 2016 & 2021
Figure 27: Global: Multicooker Market Forecast: Sales through Supermarkets/Hypermarkets (in Million US$), 2022-2027
Figure 28: Global: Multicooker Market: Sales through Departmental Stores (in Million US$), 2016 & 2021
Figure 29: Global: Multicooker Market Forecast: Sales through Departmental Stores (in Million US$), 2022-2027
Figure 30: Global: Multicooker Market: Sales through Homeware Stores (in Million US$), 2016 & 2021
Figure 31: Global: Multicooker Market Forecast: Sales through Homeware Stores (in Million US$), 2022-2027
Figure 32: Global: Multicooker Market: Sales through Online (in Million US$), 2016 & 2021
Figure 33: Global: Multicooker Market Forecast: Sales through Online (in Million US$), 2022-2027
Figure 34: Global: Multicooker Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 35: Global: Multicooker Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 36: North America: Multicooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Multicooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Europe: Multicooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Europe: Multicooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia Pacific: Multicooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia Pacific: Multicooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Middle East & Africa: Multicooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Middle East & Africa: Multicooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Latin America: Multicooker Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Latin America: Multicooker Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Multicooker Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Multicooker Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Multicooker Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Multicooker Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Multicooker Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Multicooker Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Multicooker Manufacturing: Raw Material Requirements
Table 7: Global: Multicooker Market: Competitive Structure
Table 8: Global: Multicooker Market: Key Players

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Key Questions Answered in This Report

The global multi cooker market was valued at US$ 696.6 Million in 2021.

We expect the global multi cooker market to exhibit a CAGR of 11.5% during 2022-2027.

The rising health consciousness among the consumers, along with growing prominence of
homecooked meals over calorie-rich, packaged, and convenience food items, is currently driving the
global multi cooker market.

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

Based on the product type, the global multi cooker market can be categorized into round, cube, and
others. Among these, round multi cookers exhibit a clear dominance in the market.

Based on the application, the global multi cooker market has been segmented into restaurants,
home use, and others. Currently, home use represents the largest market share.

Based on the distribution channel, the global multi cooker market can be bifurcated into electrical
goods retailers, supermarkets/hypermarkets, departmental stores, homeware stores, online, and
others. Among these, electrical goods retailers channel currently accounts for the majority of the
global market share.

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

Some of the major players in the global multi cooker market include Philips, Morphy Richards,
KitchenAid, Fagor, Breville, and Tefal.

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