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Multi Cooker Market

Global Multi Cooker Market Share, Size, Trends, Forecast: By Product Type: Round, Cube; By Application: Restaurants, Home Uses; By Distribution Channel: Electrical Goods Retailers, Supermarkets/Hypermarkets, Departmental Stores, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Multi Cooker Market Outlook

The global multi cooker market attained a value of USD 860.70 million in 2023. The market is further expected to witness a CAGR of 10.4% during the forecast period of 2024-2032 to reach USD 2,102.61 million by 2032.

 

Global Multi Cooker Market

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Based on the product type, the round multi cooker segment is anticipated to dominate the market over the forecast period. On the basis of the applications, the multi cookers are widely employed in homes, followed by restaurants and others. Based on the distribution channels, the electrical goods retailers accounted for the majority of the total market share. 

Regionally, North America held the major share in the global multi cooker market. The regional growth is accredited to the rising technological advancements along with the growing demand for automated products. Also, increasing research and development activities is likely to spur the market in the region.

 

Market Segmentation

Multi cooker is a modern electrical household appliance used for automated cooking. The essential parts of the multi cooker include an inner bowl, control panel, lid, temperature and pressure sensor, and condensate collector, among others. It is a multifunctional cooker that can be used to boil, roast, bake, steam, grill, stew, fry, and prepare yoghurt. They are widely used in households and commercial sectors on account of its convenient cooking options for users. Moreover, these cookers are equipped with pre-programmed user modes, which aids in the minimum monitoring requirement.

 

Global Multi Cooker Market By Product Type

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Additionally, multi cookers also offer various health benefits as it uses less oil content in preparing food, which, in turn, helps in reducing the overall calories. On account of the factors mentioned above, multi cookers have gradually replaced many kitchen appliances such as microwave, oven, stove, deep fryer, pan, and bread-maker, among others. Besides, rising promotional campaigns, and increasing research and development activities are the factors projected to stimulate the industry growth over the assessment years.

The major product types in the global multi cooker market are:

  • Round
  • Cube
  • Others

The industry can be broadly segregated on the basis of its application segment into:

  • Restaurants
  • Home Uses
  • Others

Based on the distribution channel, the global multi cooker market is divided into:

  • Electrical Goods Retailers
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Homeware Stores
  • Online

The EMR report looks into the regional markets in the global multi cooker market like North America, Europe, the Asia Pacific, the Middle East and Africa, and Latin America.

 

Global Multi Cooker Market By Region

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Market Analysis

Rising health consciousness among consumers and increasing instances of obesity across the globe are the prime factors driving the growth of the global multi cooker market. Moreover, with the technological advancements and rising automation in various verticals, the consumer's preference is shifting from manual to electric appliances such as multi cooker. These cookers assist in preparing multiple food items in a limited amount of time with minimal effort, owing to which their sales are witnessing exponential growth across the globe. Furthermore, increasing electricity charges coupled with the surging need for energy saving is also providing a thrust to the industry growth. Owing to this benefit, it has emerged as a convenient alternative to appliances such as a microwave oven, which usually consumes a significant amount of energy. Rising disposable incomes, rising working population, and product innovations by the manufacturers are also expected to influence the market growth positively.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global multi cooker market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Koninklijke Philips N.V.
  • KitchenAid (Whirlpool Corporation)
  • Breville, Inc.
  • Tefal S.A.S
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • Distribution Channel
  • Region
Breakup by Product Type
  • Round
  • Cube
  • Others
Breakup by Application
  • Restaurants
  • Home Uses
  • Others
Breakup by Distribution Channel
  • Electrical Goods Retailers
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Homeware Stores
  • Online
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Koninklijke Philips N.V.
  • KitchenAid (Whirlpool Corporation)
  • Breville, Inc.
  • Tefal S.A.S
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Multi Cooker Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Multi Cooker Historical Market (2018-2023) 
    8.3    Global Multi Cooker Market Forecast (2024-2032)
    8.4    Global Multi Cooker Market by Product Type
        8.4.1    Round
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Cube
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Multi Cooker Market by Application
        8.5.1    Restaurants
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Home Uses
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Others
    8.6    Global Multi Cooker Market by Distribution Channel
        8.6.1    Electrical Goods Retailers  
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Supermarkets/Hypermarkets
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Departmental Stores
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Homeware Stores
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)    
        8.6.5    Online
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
    8.7    Global Multi Cooker Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Multi Cooker Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Multi  Cooker Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Multi Cooker Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Multi Cooker Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Multi Cooker Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive  Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Koninklijke Philips N.V.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    KitchenAid (Whirlpool Corporation)
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Breville, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Tefal S.A.S
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Multi Cooker Market: Key Industry Highlights, 2018 and 2032
2.    Global Multi Cooker Historical Market: Breakup by Product Type (USD Million), 2018-2023
3.    Global Multi Cooker Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4.    Global Multi Cooker Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Multi Cooker Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Multi Cooker Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7.    Global Multi Cooker Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8.    Global Multi Cooker Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Multi Cooker Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Multi Cooker Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Multi Cooker Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Multi Cooker Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Multi Cooker Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Multi Cooker Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Multi Cooker Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Multi Cooker Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Multi Cooker Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Multi Cooker Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Multi Cooker Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Multi Cooker Market Structure

Key Questions Answered in the Report

The global multi cooker market reached a value of USD 860.70 million in 2023. 

The market is projected to grow at a CAGR of nearly 10.4% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 2,102.61 million by 2032.   

The major market drivers include growing disposable incomes, ease of usage and multifunctionality offered by multi cookers, the rising health-consciousness among consumers, and the increasing prevalence of obesity.

The key trends guiding the market include technological advancements and innovations, shifting consumers’ inclination towards electric appliances, and the growing use of multi-cooker as a convenient alternative to microwaves.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

Round and cube, among others, are the major product types of multi cooker considered in the market report.

Restaurants and home uses, among others, are the various applications of multi cooker.

The significant distribution channels of multi cooker in the market are electrical good retailers, supermarkets/hypermarkets, departmental stores, homeware stores, and online, among others.

The leading players in the market are Koninklijke Philips N.V., KitchenAid (Whirlpool Corporation), Breville, Inc., and Tefal S.A.S, among others.

Analyst Review

The global multi cooker market attained a value of USD 860.70 million in 2023, driven by the rising technological advancements. Aided by the rising health consciousness among consumers, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 10.4%. The industry is projected to reach USD 2,102.61 million by 2032.   

EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global multi cooker market can be segmented into round and cube, among others, with the round segment accounting for the largest market share. By distribution channel, the electrical goods retailers lead the industry. On the basis of application, the home uses sector accounts for the largest share in the global industry. The major regional markets for multi cooker are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Koninklijke Philips N.V., KitchenAid (Whirlpool Corporation), Breville, Inc., and Tefal S.A.S, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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