Electric Rice Cooker Market Trends, Growth, Scope, Size, Overall Analysis and Prognostication by 2027 The global electric rice cooker market was valued at USD 682.1 million in 2019. The market is projected to expand at a CAGR of 7.2% during the forecast period, 2021 – 2028. The growth of the market is attributed to shifting consumer preferences towards energy-efficient appliances.
An electric rice cooker is an automated appliance designed to steam rice. It contains a heat source, a thermostat, and a cooking bowl. The thermostat measures the temperature of the cooking bowl and controls the heat. The oxidization process does not take place in these cookers. Nowadays, cookers are offered with a measuring cup for rice and lines on the bowl, specifying how much water is to be added. Rice cooked in an electric cooker is healthier than normal cooked rice. It is rich in minerals, proteins, and carbohydrates. Market Trends, Drivers, Restraints, and Opportunities:
Rise in the number of nuclear families along with enhancement in standard of living is driving the market.
Electric rice cooker cooks rice perfectly, without overcooking or undercooking it. This, in turn, fuels the market growth.
Various options available in an electric cooker such as keeping warm, allows one to keep the rice warm for 20 minutes to 12 hours. This helps in boosting the market.
The electric rice cooker is completely sealed and preserves the flavor and color of the food. This factor is expected to propel the market growth.
Electric rice cookers do not spread vapor and smell, thus keeping the kitchen clean.
Electric rice cookers are available in compact sizes and occupy less space, which provides easy handling and storage.