The Electric Rice Cooker Market is Predicted to reach USD 4.07 Billion by 2032, at a CAGR of 8.6%

Electric Rice Cooker Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Electric Rice Cooker Market size is expected to reach $4.07 billion by 2032, rising at a market growth of 9.7% CAGR during the forecast period. In the year 2024, the market attained a volume of 19530.9 Thousand Units experiencing a growth of 13.4% (2021-2024).

The global market for electric rice cookers has evolved from a regional niche—primarily concentrated in Asian markets—into a significant segment of the worldwide small household appliances industry. Traditionally, rice cookers were most prevalent in countries with high rice consumption such as Japan, China, and other Asia-Pacific nations. However, globalization of food culture, rising demand for convenient cooking solutions, and expanding urban lifestyles have driven their adoption across North America, Europe, the Middle East, and Latin America.

The Household segment is experiencing a CAGR of 9.4 % during the forecast period. The household segment in the electric rice cooker market is primarily driven by the growing adoption of convenient cooking appliances among families and individuals. The increasing preference for compact, efficient, and easy-to-use kitchen devices has encouraged households to invest in electric rice cookers. These cookers offer features such as automatic shut-off, timer settings, and multiple cooking modes that make them suitable for everyday meal preparation.

The Offline segment led the maximum revenue in the Global Electric Rice Cooker Market by Distribution Channel in 2024, thereby, achieving a market value of $2.6 billion by 2032. The offline segment in the electric rice cooker market is supported by the strong presence of retail stores, supermarkets, specialty appliance outlets, and hypermarkets that allow customers to physically examine products before purchase. Many consumers prefer offline shopping for home appliances due to the assurance of product quality, immediate availability, and the opportunity to receive in-person demonstrations or guidance from sales representatives.

The Standard segment is growing at a CAGR of 9.1 % during the forecast period. The standard segment in the electric rice cooker market is primarily driven by its affordability, simplicity, and widespread availability. These cookers are designed to perform the essential function of cooking rice efficiently with minimal effort, making them ideal for households seeking basic utility at a reasonable cost. Their user-friendly operation, durability, and consistent cooking performance continue to make them a popular choice, particularly in regions where rice is a staple food.

Full Report: https://www.kbvresearch.com/electric-rice-cooker-market/

The Asia Pacific region dominated the Global Electric Rice Cooker Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $2.2 billion by 2032. The North America region is anticipated to grow at a CAGR of 9.1% during (2025 - 2032). Additionally, The Europe region would witness a CAGR of 9.4% during (2025 - 2032).

List of Key Companies Profiled

• TTK Prestige Limited
• Zojirushi Corporation
• Panasonic Holdings Corporation
• Wonderchef Home Appliances Pvt. Ltd.
• Koninklijke Philips N.V.
• Breville Group Limited
• AB Electrolux
• Bajaj Electricals Limited
• Newell Brands Inc.
• Groupe SEB

Electric Rice Cooker Market Report Segmentation

By Application (Volume, Thousand Units, USD Billion, 2021-2032)

• Household
• Commercial

By Distribution Channel (Volume, Thousand Units, USD Billion, 2021-2032)

• Offline
• Online

By Product (Volume, Thousand Units, USD Billion, 2021-2032)

• Standard
• Multifunctional
• Induction
• Other Product

By Geography (Volume, Thousand Units, USD Billion, 2021-2032)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports: