Electric Rice Cooker Market Introduction and Overview
According to SPER Market Research, the Global Electric Rice Cooker Market is estimated to reach USD 8.97 billion by 2034 with a CAGR of 18.16%.
The report includes an in-depth analysis of the Global Electric Rice Cooker Market, including market size and trends, product mix, Applications, and supplier analysis. The global electric rice cooker market was valued at USD 1.69 billion in 2024 and is expected to grow at a rate of 18.16% from 2025 to 2034. The growth is driven by a rising demand for convenient kitchen appliances and an increased focus on health and dietary awareness. Busy lifestyles prompt people to find quick cooking solutions, and electric rice cookers offer an easy way to cook rice. As more people move to urban areas, the need for compact appliances in smaller living spaces is growing.
By Product Insights: The standard electric rice cooker segment held a major market share in 2024. Its simplicity and affordability attract many consumers. It is user-friendly, ideal for busy people. Energy-efficient with basic functions, innovations like safety features and keep warm options are boosting growth in this segment.
By Application Insights: The household segment dominated the market in 2024. Growing consumer demand for energy-efficient and convenient cooking appliances in households is expected to drive market growth. Electric rice cookers save time and make food preparation easier, allowing users to focus on other tasks, which boosts market growth.
By Distribution Channel Insights: The online distribution channel dominated the market in 2024. These channels are gaining popularity because they are convenient and offer a wide variety. Options like free home delivery and next-day delivery are boosting demand. Platforms like Amazon, Flipkart, offer discounts, easy returns, and EMI options, increasing appliance sales online.
By Capacity Insights: The small volume segment dominated the market in 2024. Consumers' increasing need for portable and convenient rice cookers is projected to boost segment expansion. This cooker holds 1 to 3 cups of uncooked rice. It provides efficient rice servings for small families, which encourages users to buy small volume rice cookers.
By Regional Insights: Asia Pacific electric rice cooker market led the market with a big share in 2024. Rice is a key part of diets in countries like Japan, China, India, and South Korea. Customers want more features in these appliances. Manufacturers are innovating with smart cookers, multifunctional cookers, and compact designs. The growing population in the region offers more market potential for these cookers.
Market Competitive Landscape:
Some key companies in the electric rice cooker market include Wonderchef Home Appliances Pvt. Ltd, TTK Prestige Ltd, Koninklijke Philips N. V, Breville Pty Ltd, and AB Electrolux. These companies aim to grow their customer base by introducing new features and innovations. They often pursue strategies like mergers, acquisitions, and partnerships. TTK Prestige Ltd is a well-trusted brand in India for kitchen appliances and cookware, offering products such as electric cookers and pressure cookers. Wonderchef Home Appliances Pvt. Ltd is an Indian brand that manufactures a variety of kitchen products, including pressure cookers and cookware.
Recent Developments:
- In March 2024, Zojirushi, the market's leading brand, launched a new range of smart rice cookers with app connectivity and voice control features.
- Panasonic Corporation announced plans to increase its production capacity for electric rice cookers in November 2023, in response to rising global demand, notably in Asia Pacific and North America.
- Midea, a key leader in the Chinese home appliance market, will launch a new series of eco-friendly electric rice cookers in December 2023. These models are meant to consume less energy and use environmentally sustainable components.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Application, By Distribution Channel, By Capacity. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | TTK Prestige Ltd, Wonderchef Home Appliances Pvt. Ltd, Koninklijke Philips N.V, Breville Pty Ltd, AB Electrolux, Bajaj Electricals Ltd, Newell Brands, Groupe SEB, Ali Group Worldwide, Panasonic Corporation. and others. |
Key Topics Covered in the Report:
- Global Electric Rice Cooker Market Size (FY’2021-FY’2034)
- Overview of Global Electric Rice Cooker Market
- Segmentation of Electric Rice Cooker Market By Product (Standard, Multifunctional, Induction, Others)
- Segmentation of Electric Rice Cooker Market By Application (Household, Commercial)
- Segmentation of Electric Rice Cooker Market By Distribution Channel (Offline, Online)
- Segmentation of Electric Rice Cooker Market By Capacity (Small Volume, Medium Volume, Large Volume, Extra Large Volume)
- Statistical Snap of Global Electric Rice Cooker Market
- Expansion Analysis of Global Electric Rice Cooker Market
- Problems and Obstacles in Global Electric Rice Cooker Market
- Competitive Landscape in the Global Electric Rice Cooker Market
- Details on Current Investment in Global Electric Rice Cooker Market
- Competitive Analysis of Global Electric Rice Cooker Market
- Prominent Players in the Global Electric Rice Cooker Market
- SWOT Analysis of Global Electric Rice Cooker Market
- Global Electric Rice Cooker Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Rice Cooker Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Rice Cooker Market
7. Global Electric Rice Cooker Market, By Product (USD Million) 2021-2034
7.1. Standard
7.2. Multifunctional
7.3. Induction
7.4. Others
8. Global Electric Rice Cooker Market, By Application (USD Million) 2021-2034
8.1. Household
8.2. Commercial
9. Global Electric Rice Cooker Market, By Distribution Channel (USD Million) 2021-2034
9.1. Offline
9.2. Online
10. Global Electric Rice Cooker Market, By Capacity (USD Million) 2021-2034
10.1. Small Volume
10.2. Medium Volume
10.3. Large Volume
10.4. Extra Large Volume
11. Global Electric Rice Cooker Market, (USD Million) 2021-2034
11.1. Global Electric Rice Cooker Market Size and Market Share
12. Global Electric Rice Cooker Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia
12.1.2. China
12.1.3. India
12.1.4. Japan
12.1.5. South Korea
12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France
12.2.2. Germany
12.2.3. Italy
12.2.4. Spain
12.2.5. United Kingdom
12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia
12.3.2. United Arab Emirates
12.3.3. Qatar
12.3.4. South Africa
12.3.5. Egypt
12.3.6. Morocco
12.3.7. Nigeria
12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada
12.4.2. Mexico
12.4.3. United States
12.5. Latin America
12.5.1. Argentina
12.5.2. Brazil
12.5.3. Rest of Latin America
13. Company Profile
13.1. TTK Prestige Ltd
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Wonderchef Home Appliances Pvt. Ltd
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Koninklijke Philips N.V
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Breville Pty Ltd
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. AB Electrolux
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Bajaj Electricals Ltd
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Newell Brands
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Groupe SEB
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Ali Group Worldwide
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Panasonic Corporation
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
