Electric Rice Cooker Market expected to reach USD 6.2 billion by 2029 at a CAGR of 6.2 percent

(IT-NEWSWIRE.COM, November 02, 2023 ) As per Maximize Market research, the Electric Rice Cooker Market was USD 4.2 billion in 2022 and is expected to grow at a CAGR of 6.2 percent over the forecast period to reach USD 6.4 billion by 2029.

Electric Rice Cooker Market Report Scope and Research Methodology

The report offers a comprehensive research methodology involving primary and secondary data sources. The Electric Rice Cooker market report investigates the global landscape, encompassing key trends, market size, and major players in the industry. Along with this, the report also includes the SWOT and PESTLE analysis with the market dynamics by dividing the market into its sub-parts.

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Electric Rice Cooker Market Dynamics

The growing trend for healthier food and quality eating has gained the consumer market for increasing the use of rice cookers. The electric rice cooker helps in cooking more nutritious food and dishes. The market is further expected to grow rapidly due to a rise in demand and new designs that are introduced in the market by competitors.

Electric Rice Cooker Market Regional Insights

Asia Pacific region has dominated the market in the year 2022 and is expected to dominate the regional market during the forecast period. Electric Rice cookers are in significant demand in nations like China, Japan, South Korea, and India. In these areas, basic rice cookers are common, but there is also a growing trend toward multi-functional and intelligent rice cookers.

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Electric Rice Cooker Market Segmentation

By Product Type

Standard

Multifunctional

Induction

By Application

Household

Commercial

By Distribution Channel

Offline

Online

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Electric Rice Cooker Key Competitors include

Panasonic Corporation

Zojirushi Corporation

Tiger Corporation

Cuckoo Electronics Co., Ltd.

Toshiba Corporation

Maximize Market Research is leading Consumer Goods and Services research firm, has also published the following reports:

Electric Frying Pan Market - The market size is expected to reach USD 1.82 Bn by 2029 at a CAGR of 3.56 percent during the forecast period.

Wall Oven Market - The Market size is expected to reach USD 6.80 Bn by 2029 at a CAGR of 6.4 percent during the forecast period.

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Electric Rice Cooker Market expected to reach USD 6.2 billion by 2029 at a CAGR of 6.2 percent