Market Overview:
The global infrared cooker market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the growing demand for energy-efficient appliances, rising disposable income, and increasing awareness about the benefits of using infrared cookers. Based on type, the global infrared cooker market can be segmented into desktop stove structure and built-in stove structure. The desktop stove structure segment is expected to account for a larger share of the market in terms of revenue during the forecast period. This can be attributed to its low cost and easy installation compared with built-in stoves. Based on application, the global infrared cooker market can be divided into home use and commercial use segments.
Product Definition:
An infrared cooker is a device that uses infrared radiation to cook food. The heat from the radiation cooks the food, and does not require any contact with the cooking surface. This makes it a safer option than traditional stove top or oven cooking, as there is no risk of burns. Infrared cookers are also more energy efficient than other cooking methods, and can save up to 50% on energy costs.
Desktop Stove Structure:
The global desktop stove structure is expected to witness significant growth over the forecast period. The increasing demand for compact and portable stoves across various residential applications such as small kitchen, dining table, living room, and bedroom is anticipated to drive the market growth. In addition, these stoves are considered ideal for cooking in confined spaces such as a bathroom or a kitchen cupboard due to their compact size which also boosts its demand in infrared cooker market over the forecast period.
Built-in Stove Structure:
The built-in stove structure is used in infrared cookers for cooking. It helps to save space and energy required for the installation of separate burners. The product can be fixed on any type of kitchen countertop including marble, granite or steel.
Advantages: It provides a clean look to the kitchen as it has no electrical parts.
Application Insights:
The commercial use segment dominated the global infrared cooker market, accounting for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to an increase in demand for healthy food and a reduction in calorie intake among people suffering from obesity and other related diseases. In addition, rising number of commercial places including restaurants and hotels is expected to drive the product demand over the forecast period.
The home use segment is expected to witness significant growth during the forecast period owing to growing awareness about health benefits associated with using this equipment at home instead of going out or preparing food in restaurants or common areas where people gather together. Rising preference for cooking exotic foods that are hard to cook due largely unskilled chefs has also driven demand across various regions globally as well as locally within countries such as India, China Japan etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing adoption of innovative kitchen appliances in emerging countries, such as China and India. The region is expected to continue its dominance over the forecast period due to rising demand for convenient options for cooking food at home. Moreover, growing number of nuclear families will boost product demand further.
North America is projected to be one of the promising regional markets from 2018 to 2030 owing to high disposable income and changing eating habits among consumers, thereby boosting restaurant industry growth in this region. Europe also held a significant share in terms of revenue due mainly on developed infrastructure and large consumer base within this region.
Growth Factors:
- Increasing demand for healthy and organic food: The global market for organic food is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth can be attributed to the increasing awareness among consumers about the benefits of organic food, such as its nutritional value, environmental sustainability, and health benefits. Infrared cookers are ideal for preparing healthy and organic food as they do not use any oil or fat and retain most of the nutrients in the food.
- Rising disposable income: A key factor driving the growth of infrared cooker market is rising disposable income across developing countries such as India, China, Brazil, etc. This has led to an increase in consumer spending on appliances such as infrared cookers that offer convenience and better health outcomes compared to traditional cooking methods.
- Growing popularity of multicooking devices: Multicooking devices are gaining popularity due to their ability to perform multiple tasks such as grilling, baking, roasting etc., all in one appliance. This has led consumers towards opting for multicooking devices over traditional standalone appliances like ovens or grills which often require more time and effort for cooking different types of foods separately . Infrared cookers are well-suited for multicooking applications given their ability to quickly heat up foods without overcooking them or causing any moisture loss..
Scope Of The Report
Report Attributes
Report Details
Report Title
Infrared Cooker Market Research Report
By Type
Desktop Stove Structure, Built-in Stove Structure
By Application
Home Use, Commercial Use
By Companies
COOKTEK, GE, VOLLRATH, Spring USA, True Induction, Globe Food Equipment, WARING
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Infrared Cooker Market Report Segments:
The global Infrared Cooker market is segmented on the basis of:
Types
Desktop Stove Structure, Built-in Stove Structure
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- COOKTEK
- GE
- VOLLRATH
- Spring USA
- True Induction
- Globe Food Equipment
- WARING
Highlights of The Infrared Cooker Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Desktop Stove Structure
- Built-in Stove Structure
- By Application:
- Home Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Infrared Cooker Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An infrared cooker is a kitchen appliance that cooks food using infrared radiation. This type of cooking method uses less energy than traditional methods, such as stovetop or oven cooking, and preserves nutrients in food. Infrared cookers are often used to cook meat, poultry, and vegetables.
Some of the key players operating in the infrared cooker market are COOKTEK, GE, VOLLRATH, Spring USA, True Induction, Globe Food Equipment, WARING.
The infrared cooker market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Infrared Cooker Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Infrared Cooker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Infrared Cooker Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Infrared Cooker Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Infrared Cooker Market Size & Forecast, 2018-2028
4.5.1 Infrared Cooker Market Size and Y-o-Y Growth
4.5.2 Infrared Cooker Market Absolute $ Opportunity
Chapter 5 Global Infrared Cooker Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Infrared Cooker Market Size Forecast by Type
5.2.1 Desktop Stove Structure
5.2.2 Built-in Stove Structure
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Infrared Cooker Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Infrared Cooker Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Infrared Cooker Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Infrared Cooker Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Infrared Cooker Analysis and Forecast
9.1 Introduction
9.2 North America Infrared Cooker Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Infrared Cooker Market Size Forecast by Type
9.6.1 Desktop Stove Structure
9.6.2 Built-in Stove Structure
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Infrared Cooker Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Infrared Cooker Analysis and Forecast
10.1 Introduction
10.2 Europe Infrared Cooker Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Infrared Cooker Market Size Forecast by Type
10.6.1 Desktop Stove Structure
10.6.2 Built-in Stove Structure
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Infrared Cooker Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Infrared Cooker Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Infrared Cooker Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Infrared Cooker Market Size Forecast by Type
11.6.1 Desktop Stove Structure
11.6.2 Built-in Stove Structure
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Infrared Cooker Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Infrared Cooker Analysis and Forecast
12.1 Introduction
12.2 Latin America Infrared Cooker Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Infrared Cooker Market Size Forecast by Type
12.6.1 Desktop Stove Structure
12.6.2 Built-in Stove Structure
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Infrared Cooker Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Infrared Cooker Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Infrared Cooker Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Infrared Cooker Market Size Forecast by Type
13.6.1 Desktop Stove Structure
13.6.2 Built-in Stove Structure
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Infrared Cooker Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Infrared Cooker Market: Competitive Dashboard
14.2 Global Infrared Cooker Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 COOKTEK
14.3.2 GE
14.3.3 VOLLRATH
14.3.4 Spring USA
14.3.5 True Induction
14.3.6 Globe Food Equipment
14.3.7 WARING
