Electric Rice Cooker Market 2025 Growth,
Share, Size, Key Drivers By Manufacturers,
The global Electric Rice Cooker Market size is expected to register a revenue of USD 1.1 billion by the end of
2025, according to a new report released by Million Insights. It is expected to grow with a CAGR of 7.5% over
the forecast period. This growth can be attributed to rising demand for electronic appliance for cooking in
order to reduce power and energy consumption.
Moreover, increasing number of nuclear families coupled with rising working population has paved the way
for market growth for such products. For example, Xiaomi launched Wi-Fi operated Induction cooker in 2016
which could help in cooking rice with more than 2000 methods.
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The household application segment held the highest share across the global market in 2018 owing to rising
inclination for energy-efficient and convenient cooking electronic appliances. The commercial segment is
anticipated to register the highest CAGR of 7.6% from 2019 to 2025. This can be attributed to increasing
number of restaurants and hotels across the globe. In addition, stringent rules being implemented by
statutory governing bodies for usage of gas connections have paved way for the market growth for such
Electric Rice Cooker Market Report provides in-depth analysis of industry by production,
share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends,
Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key
Players, SWOT analysis and Forecast.
The standard electric cooker product segment held the largest share exceeding 60% across the global market
due to salient features like ease of handling and low operational and maintenance cost. The multifunctional
electric cookers segment is expected to register significant growth with a CAGR