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Global Multi Cooker Market: By Product Type: Round, Cube, Others; By Application: Restaurants, Home Uses, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Multi Cooker Market Outlook
The global multi cooker market attained a value of USD 638.5 million in 2020. The market is further expected to witness a CAGR of 10.5% during the forecast period of 2022-2027 to reach USD 1,159.2 million by 2026.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Multi Cooker Market Analysis
8.1 Key Industry Highlights
8.2 Global Multi Cooker Historical Market (2017-2021)
8.3 Global Multi Cooker Market Forecast (2022-2027)
8.4 Global Multi Cooker Market by Product Type
8.4.1 Round
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Cube
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Others
8.5 Global Multi Cooker Market by Application
8.5.1 Restaurants
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Home Uses
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Others
8.6 Global Multi Cooker Market by Distribution Channel
8.6.1 Electrical Goods Retailers
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Supermarkets/Hypermarkets
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Departmental Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Homeware Stores
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Online
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.7 Global Multi Cooker Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Market by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Market by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Market by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Market by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Market by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
12.3.1 Koninklijke Philips N.V.
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 KitchenAid (Whirlpool Corporation)
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 Breville, Inc.
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Tefal S.A.S
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Multi Cooker Market: Key Industry Highlights, 2016 and 2026
2. Global Multi Cooker Historical Market: Breakup by Product Type (USD Million), 2017-2021
3. Global Multi Cooker Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4. Global Multi Cooker Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Multi Cooker Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Multi Cooker Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
7. Global Multi Cooker Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
8. Global Multi Cooker Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Multi Cooker Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Multi Cooker Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Multi Cooker Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Multi Cooker Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Multi Cooker Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Multi Cooker Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Multi Cooker Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Multi Cooker Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Multi Cooker Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Multi Cooker Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Multi Cooker Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Global Multi Cooker Market Structure
Key Questions Answered in the Report
The global multi cooker market reached a value of USD 638.5 million in 2020.
The market is projected to grow at a CAGR of nearly 10.5% in the forecast period of 2022-2027.
The market is estimated to reach a value of about USD 1,159.2 million by 2026.
The major drivers of the industry include rising disposable incomes, growing health consciousness among consumers, rising instances of obesity, technological advancements, and the increasing automation in various verticals.
The rising electricity charges and the rising demand for energy saving are expected to be the key trends guiding the development of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.
The round multi cooker segment is the dominant type in the market.
Electrical goods retailers are the leading distribution channel of the product in the industry.
The home uses sector accounts for the largest market share, among other application segments in the industry.
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 638.5 million in 2020, 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 2022-2027, growing at a CAGR of 10.5%. The industry is projected to reach USD 1,159.2 million by 2026.
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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