United States Electric Rice Cooker Market By Product Type (Standard, Multifunction & Induction Heat), By Capacity (Less Than 2 Litre, 2 Litre – 4 Litre and More Than 4 Litre), By End Use (Residential Vs. Commercial), By Distribution Channel Market Share Analysis (Supermarkets/Hypermarkets, Specialty Stores, Multi-Branded Stores, Online, Exclusive Stores & Others (Direct Sales, Distributors & Deale
Published on: 2024-11-08 | No of Pages : 320 | Industry : Consumer Goods and Retail
Publisher : MIR | Format : PDF&Excel
United States Electric Rice Cooker Market By Product Type (Standard, Multifunction & Induction Heat), By Capacity (Less Than 2 Litre, 2 Litre – 4 Litre and More Than 4 Litre), By End Use (Residential Vs. Commercial), By Distribution Channel Market Share Analysis (Supermarkets/Hypermarkets, Specialty Stores, Multi-Branded Stores, Online, Exclusive Stores & Others (Direct Sales, Distributors & Deale
United States electric rice cooker market is anticipated to register high growth during the forecast period. Increasing corporate work culture adoption, consumers are shifting towards energy-efficient cooking equipment, such as the electric rice cooker. Increasing reliance on electrical appliances, which a smartphone act can control, as an excellent opportunity for the growth of the market. As more people are moving towards technologically advanced home appliances
A rice cooker is an automated
For instance, in 2021, the brand Cuckoo launched its e-commerce website (Cuckoo U.S.A. store) to make its products found at directly to customers in the U.S.A.
. For Instance, Tiger Corporation U.S.A. and Zojirushi America Corporation offer micro-computer-controlled technology with large LCDs that allow you to pre-set cook times to suit your schedule.
Increasing Number of Restaurants in the United States Will Lead the Market Growth
A major contributing element to the rising demand is that a sizable portion of people in the United States, known as a melting pot of cultures, still cook most of their meals in rice cookers. A further factor driving market expansion in the area is the region's growing number of Asian restaurants. According to industry statistics, more than 23,661 Chinese restaurant business in the United States which translates to 4.4% when compared with the past year, according to industry statistics for the country.
Rising Demand for Energy Efficiency Product Will Fueling the Market Growth
The growing importance of energy-saving appliances, which save the time needed to complete household activities, is one of the significant reasons projected to drive the market in the upcoming years. And a multi-function cooking application includes functions for creating soups, steaming, cooking different kinds of rice, etc. Additionally, electric rice cookers are the most energy-efficient cooking equipment; they use less energy than other cooking and food appliances, and the average rate of electricity use is (10.59 cents per KW-hour.
Increasing Usage of Industrial Electric Rice Cooker Lead the Market Growth
The increasing usage of commercial electric rice cookers allows for cooking all kinds of grains, from wild rice to white rice, brown rice, oatmeal, and polenta, due to its low maintenance and monitoring requirements. The 3D heating mode ensures better cooking and even heating, and electric rice cookers are anticipated to become more prevalent in commercial sectors like hotels and restaurants.
New Technological Innovations Driving the Market Growth
Consumers' need for additional high-end household products is forcing producers to release new products. Such as 3D heating mode, programmable settings, a nonstick inner frying pan, an LCD with a timer, and other features guarantee better cooking and even heating. The most popular type of electric rice cooker is the automated variety since it requires the fewest human adjustments and prevents overcooking and undercooking by stopping when the rice is cooked. For instance, Zojirushi American Corporation offers a micro computerized fuzzy logic technology.
Market Segmentation
The United States electric rice cooker market is segmented based on product type, capacity, end-use, distribution channel, region, and competitional landscape. Based on product type, the market is further fragmented into Standard, Multifunction & Induction. Based on capacity, the market is divided into Less Than 2 Litre, 2 Litre – 4 Litre, and More Than 4 Litre. Based on end use, the further divide into residential vs. commercial. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, specialty retailers, multi-branded retailers, online, exclusive retailers & others (direct sales, distributors & dealers). The market analysis also studies regional segmentation to devise a regional market.
Company Profiles
Midea America Corp.., Panasonic Corporation of North America, Group SEB USA Inc,, Breville USA, Inc, Zojirushi America Corporation, Philips Electronic North America Corp., , TTK Prestige Limited,
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2022 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Product Type · Capacity · End Use · Distribution Channel · Region |
Regional Scope | South, West, Mid-West and North-West |
Key Companies Profiled | Midea America Corp., Panasonic Corporation of North America, Group SEB USA Inc,, Breville USA, Inc, Zojirushi America Corporation, Philips Electronic North America Corp., , TTK Prestige Limited, Tiger Corporation USA, Cuckoo Electronics America Inc., Sunbeam Products, Inc, |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |