Electric Rice Cooker Market Expansion in the near future at a CAGR of 6.30% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Electric Rice Cooker Market” that contains information from 2018 to 2032. The Electric Rice Cooker market is estimated to register a CAGR of 6.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Electric Rice Cooker market— Panasonic Corporation, Koninklijke Philips N.V, Newell Brands (Oster), AB Electrolux, Wonderchef Home Appliances Pvt. Ltd, Groupe SEB, TTK Prestige Ltd, Ali Group Srl, Breville Group, Bajaj Electricals Limited.

Electric Rice Cooker Market Highlights

The global Electric Rice Cooker market is accounted to register a CAGR of 6.30% during the forecast period and is estimated to reach USD 5.71 billion by 2032.

Rice is a dietary mainstay for billions of people, and the convenience offered by electric rice cookers is a compelling solution for busy households. These appliances simplify the rice cooking process, ensuring quick and consistent results, which resonates with consumers seeking both efficiency and perfectly cooked rice for their daily meals. This widespread demand aligns with the growth of the electric rice cooker market, making it an essential kitchen appliance in many households worldwide.

Segment Analysis

The global Electric Rice Cooker market has been segmented based on volume, type and distribution channel.

On the basis of volume, the market is segmented into Low, Medium, and Large. The low volume segment was attributed to holding the largest market share in 2022 because of their compact size and affordability, which is ideal for smaller households and individuals.

Based on type, the global Electric Rice Cooker market has been segmented into Standard/Basic Cooker and Multifunctional Cooker. The standard/basic cooker segment was expected to hold the largest market share in 2022, due to their simplicity, affordability and widespread appeal.

Based on distribution channel, the global market is segmented into Offline and Online. The offline channel segment was expected to hold the largest market share in 2022 as the consumers prefer to see and physically inspect appliances.

Regional Analysis

The global Electric Rice Cooker market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Electric Rice Cooker market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Electric Rice Cooker market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Electric Rice Cooker market comprises of Middle East, Africa, and Latin America.

The largest market share for Electric Rice Cooker was maintained by the North American regional sector. This increase is attributed to the diverse culinary landscape and the increasing popularity of international cuisines, such as Asian and Latin American dishes, where rice is a fundamental component. As consumers embrace these global flavors, there is a growing demand for convenient and efficient rice preparation methods. Electric rice cookers offer a user-friendly solution that resonates with North American households seeking consistent and hassle-free rice cooking, further propelling the market's growth.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Electric Rice Cooker is driven by increasing multicultural diversity and global culinary preferences, which have led to a growing demand for convenient and efficient rice cooking appliances that cater to a wide range of culinary traditions and facilitate the preparation of rice-based dishes in European kitchens.

Additionally, the market of electric rice cookers in Asia Pacific is primarily driven by the deep-rooted cultural preference for rice as a staple food in the region, with a significant portion of the population consuming rice as a part of their daily meals. Additionally, the fast-paced urbanization and increasing work demands in many Asian countries have led to a heightened demand for convenient kitchen appliances, making electric rice cookers a practical and time-saving solution for households.

Furthermore, the rest of the world's Electric Rice Cooker market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's diverse culinary preferences, with rice being a staple food in many MEA countries, and the convenience of electric rice cookers aligning well with local cooking traditions and busy lifestyles.

Key Findings of the Study

• The global Electric Rice Cooker market is expected to reach USD 5.71 billion by 2032, at a CAGR of 6.30% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the fast-paced urbanization and growing work demands and the deep-rooted cultural preference for rice as staple in this region.


• Based on type, the standard/basic cooker segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Panasonic Corporation, Koninklijke Philips N.V, Newell Brands (Oster), AB Electrolux, Wonderchef Home Appliances Pvt. Ltd, Groupe SEB, TTK Prestige Ltd, Ali Group Srl, Breville Group, Bajaj Electricals Limited.