The latest report by IMARC Group, titled “Multi Cooker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global multi cooker market to grow at a CAGR of 9.50% during 2021-2026. A multi cooker refers to a modern electric household appliance that is used for automated cooking. The various parts of a multi cooker include inner bowl, temperature and pressure sensors, condensate collector, lid, control panel, etc. A multi cooker is multifunctional and can be used to roast, stew, grill, boil, bake, steam, fry, prepare yogurt, etc. These cookers minimize the number of calories in the food as they utilize less fat or oil for cooking, thereby promoting healthy eating habits. Owing to their convenience, multi cookers have gradually replaced various kitchen appliances, such as stoves, deep fryers, pans, microwaves, ovens, bread-makers, etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The changing dietary habits and growing consumer health consciousness are encouraging the adoption of new cooking methods and healthy living practices, which is driving the multi cooker market. Additionally, the rising penetration of automated cooking procedures has led to a switch from manual to electric appliances, which include multi cookers. Furthermore, increasing awareness towards saving energy is also bolstering the product demand, as multi cookers aid in minimizing power consumption by reducing the cooking time. Moreover, the improving living standards and inflating disposable incomes of the consumers are also expected to cater to the market growth in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Philips
- Morphy Richards
- KitchenAid
- Fagor
- Breville
- Tefal
Multi Cooker Market Segmentation:
Our report has categorized the market based on region, product type, application and distribution channel.
Market Breakup by Product Type:
- Round
- Cube
- Other
Market Breakup by Application:
- Restaurants
- Home Use
- Others
Market Breakup by Distribution Channel:
- Electrical Goods Retailers
- Supermarkets/Hypermarkets
- Departmental Stores
- Homeware Stores
- Online
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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