According to the rice cooker market analysis, the rice cooker market is segmented based on end users, marketing channels, and regions.
5933 NE WIN SIVERS DRIVE, Portland, OR, USA, Oct. 21, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, Rice Cookers by End User and Market Channel: Global Opportunity Analysis and Forecast Industry 2019-2026: “The global rice cooker market was estimated at US$3.2 billion in 2018 and is expected to reach US$5.5 billion by 20126, growing at a CAGR of 6.8% over the forecast period. period. From 2018 to 2026, the market is expected to have $2.3 billion in revenue growth opportunities.
Rice cookers allow consumers to cook rice in an efficient and convenient way. Apart from rice, it is also used to prepare cereals such as oatmeal and lentils. Rice cooked in a rice cooker is smooth and non-sticky, with a better view and taste. Compared to non-automatic rice cookers, automatic rice cookers are the most widely purchased as they require minimal human intervention and avoid overcooking or overcooking as they stop when the rice is cooked. Busy lifestyles and a growing number of women entering the workforce have prompted them to turn to efficient, time-saving kitchen appliances and the convenience offered by rice cookers.
In the past, the price of gas has risen significantly, prompting consumers to turn to efficient alternatives in terms of cost, convenience and efficiency. Electric rice cookers are an economical, convenient and efficient alternative to gas rice cookers, so the demand for electric rice cookers is expected to increase in the near future.
The Rice Cooker market is segmented based on end user, marketing channel, and region. Depending on the end user, the rice cooker market is divided into household and commercial. Rice cookers are most widely used for domestic purposes due to consumers’ active lifestyles, and the efficient operation of rice cookers allows consumers to cook rice and specialty rice products without much manual intervention. The household segment was valued at $2.6 billion in 2018 and is expected to reach a CAGR of 6.7% from 2019 to 2026 to reach $4.3 billion by 2026. The commercial segment is rated as the fastest growing segment during the forecast period.
According to the distribution channel, it is divided into supermarkets/hypermarkets, specialty stores, e-commerce, etc. The supermarket/hypermarket segment leads the rice cooker market in terms of distribution channels and is expected to achieve a CAGR of 6.1% over the forecast period. This segment is expected to reach $2.4 billion by 2026. The e-commerce segment is expected to be the fastest growing segment during the rice cooker market forecast period.
By region, for North America (US, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, Australia, Korea, and the rest of Asia-Pacific) ) and LAMEA (Middle East, Latin America and Africa). The Asia-Pacific region leads the global rice cooker market. This can be explained by the expansion of retail trade and the increase in the disposable income of consumers in countries such as India, China, and countries in Southeast Asia. Rice is a staple food in most countries in the Asia-Pacific region, further fueling the growth of the rice cooker market in the region.
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Key players featured in this report include AB Electrolux, Panasonic Corporation, Groupe SEB, Breville Group, TTK Prestige Ltd, Bajaj Electricals Limited, Koninklijke Philips NV, Ali Group Srl, Wonderchef Home Appliances Pvt. Ltd and Newell Brands (Auster).
○ The report quantitatively analyzes current market trends, estimates, and market size dynamics from 2018 to 2026 to identify key opportunities. ○ Porter’s Five Forces Analysis highlights the potential of buyers and suppliers, enabling stakeholders to make profitable business decisions and strengthen their supplier-buyer networks. ○In-depth analysis and market size and segmentation help identify popular Rice Cooker market opportunities. ○Comparison of key countries in each region based on their contribution to revenue ○Market position segmentation is useful for comparative analysis and a clear understanding of the current state of Rice Cooker Industry market participants.
○ Mergers and acquisitions should be carefully planned to identify the best manufacturers. ○ Categorize new customers or potential partners according to the demographics you are interested in. ○ Suitable for providing reliable and high quality data and analysis to help you with internal and external presentations ○ Develop tactical plans by better understanding areas where larger companies can interfere. ○ Increase and develop business potential and achieve, design and plan licensing and licensing strategies by finding possible partners for the most attractive projects. ○ Identify newcomers with potentially strong product portfolios and develop effective countermeasures to gain a competitive advantage. ○ Develop an effective R&D strategy to collect information, analysis, and strategic insights from competitors.
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About Us Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of Market Research Reports and Business Intelligence Solutions for global enterprises and small and medium enterprises. AMR provides targeted business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market segments.
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Post time: Oct-28-2022