The North America Electric Rice Cooker Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,651 thousand Units, showcasing a growth of 6.7% (2019-2022).
An electric rice cooker is an appliance used for cooking rice. It has an inner removable bowl usually coated with a non-stick surface and an insulated outer container. Furthermore, it has a water level indicator to be maintained for the respective quantity of rice. It boils rice through heating using the electric element. The rice cookers are available in automatic or non-automatic variants on the market. Consumers have been using the rice cooker to prepare various rice specialties. Due to busy lifestyles, consumers' inclination toward convenience products has grown recently. Hence, as rice cookers require less time and monitoring, it has become one of the most preferred choices of appliances among consumers. In turn, this has led to the growth of the market.
The increase in cooking gas prices has also caused consumers to turn away from gas-powered kitchen appliances instead of electric ones. While the gas range's uneven heat distribution could lead to a layer of overdone rice at the bottom, the electric rice cooker offers even cooking. It also allows users to cook different grains and lentils besides rice. Due to these advantages, consumers are switching from gas to electric rice cookers.
Due to its ease and consistent, flawless rice cooking, these cookers are growing in popularity in the United States. These appliances allow busy individuals to cook rice quickly and effortlessly without worrying about overcooking or undercooking. The rise of online cooking communities and social media platforms has created a space for sharing recipes and cooking tips, including those related to electric rice cookers. This online presence has contributed to the appliance's popularity. These cookers are a convenient and efficient way to cook rice, and they are becoming increasingly popular in these regional households and restaurants. Therefore, the demand will increase in the region in the coming years.
The US market dominated the North America Electric Rice Cooker Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $242.2 million by 2030. The Canada market is estimated to grow at a CAGR of 9% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 8.1% during (2023 - 2030).
Based on Application, the market is segmented into Household and Commercial. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Standard, Multifunctional, Induction and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Electric Rice Cooker Market is Projected to reach USD 1.5 Billion by 2030, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toshiba Corporation, TTK Prestige Limited, Panasonic Holdings Corporation, AB Electrolux (Electrolux), Wonderchef Home Appliances Pvt. Ltd., Groupe SEB, Pigeon Corporation, Koninklijke Philips N.V., Cuisinart (Conair Corporation), and Aroma Houseware Company
By Application (Volume, Thousand Units, USD Million, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Million, 2019-2030)
By Product (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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