Global Multicooker Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Multicooker Market

Multicooker market will reach an estimated valuation of USD 1.47 billion by 2028, while registering this growth at a rate of 5.0% for the forecast period of 2021 to 2028. Multicooker market report analyses the growth, which is currently being growing due to the rising health consciousness among consumers across the globe.

The multicooker is a modern household electrical device used for automatic cooking. It consists of various components, such as the inner tank, cap, sensors for temperature and pressure, control panel, condensate collector, and others. It is a multifunctional cooker that is ideal for boiling, roasting, baking, stewing, frying, grilling, steaming and prepare yoghurt.   

The growing usages of product as they assist in preparing a vast array of food items simultaneously in a limited amount of time with minimal effort, escalating charges of electricity coupled with the rising awareness about energy saving, rising shift from consuming calorie-rich packaged and convenience foods to homecooked meals, rising levels of disposable income of the people along with increasing working population, changing lifestyle of the consumer are some of the major as well as vital factors which will likely to augment the growth of the multicooker market in the projected timeframe of 2021-20208. On the other hand, growing number of innovative product offering along with rise in the inclination of individuals for modular kitchen and rapid urbanization which will further contribute by generating massive opportunities that will lead to the growth of the multicooker market in the above mentioned projected timeframe.

Sustaining business operations in manufacturing units along with high existing penetration of traditional cookers in developing countries which will likely to act as market restraints factor for the growth of the multicooker in the above mentioned projected timeframe.

This multicooker market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on multicooker market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Multicooker Market Scope and Market Size

Multicooker market is segmented on the basis of quarts, material, usage, end use, sales channel, product, and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

• On the basis of quarts, the multicooker market is segmented into under 4-quarts electric pressure, 5-quarts electric pressure, 6-quarts electric pressure, 7-quarts electric pressure and above.  
• Based on material, the multicooker market is segmented into stainless steel, aluminium, ceramic, glass, and hand-anodized aluminium.
• On the basis of usage, the multicooker market is segmented into boiling, baking, deep fry, and grill roast.
• Based on end use, the multicooker market is segmented into household/ residential, and commercial. Commercial segment has been further segmented into hotels, restaurants, and cafeterias.
• On the basis of sales channel, the multicooker market is segmented into direct, and indirect. Indirect segment has been further segmented into hypermarket/supermarket, convenience stores, departmental stores, specialty stores, multi-brand stores, exclusive/franchise stores, online retailers, and others sales channel.
• Based on product, the multicooker market is segmented into round, cube, and others.
• On the basis of type, the multicooker market is segmented into small volume, medium volume, and large volume.

Multicooker Market Country Level Analysis

Multicooker market is analysed and market size, volume information is provided by country, quarts, material, usage, end use, sales channel, product and type as referenced above.  

The countries covered in the multicooker market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The U.S. dominates the North America multicooker market due to the high demand for the best electric cookers in the region while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 due to the increase in the purchasing power and change in the living standards along with hectic schedule of individuals in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Multicooker Market Share Analysis

Multicooker market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to multicooker market.

The major players covered in the multicooker market report are Koninklijke Philips N.V.; ELECTROLUX PROFESSIONAL; Whirlpool.; SAMSUNG; TTK Prestige Ltd; GLEN DIMPLEX GROUP.; Dacor, Inc.; General Electric Company.; LG Electronics.; Panasonic Corporation of North America.; Miele & Cie. KG; GREE INDIA ELECTRONIC APPLIANCES; Sony Corporation; Morphy Richards; KitchenAid.; Breville Pty Ltd; TEFAL; BRG Appliances Limited; Cuisinart; Lakeland; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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