Market Overview:
The global Instant Pot market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the rising demand for electric pressure cookers, technological advancements, and increasing awareness about healthy cooking. Based on type, the global Instant Pot market is segmented into low-pressure and high-pressure. Low-pressure cookers are used for delicate foods that need low pressure and gentle heat, whereas high-pressure cookers are used for tougher foods that need higher pressure and intense heat. Based on application, the global Instant Pot market is segmented into home and commercial applications. Home applications include personal use by consumers in their homes, whereas commercial applications include use by restaurants or caterers. Geographically, the global Instant Pot market is segmented into North America, Latin America, Europe Asia Pacific (APAC), and Middle East & Africa (MEA).
Product Definition:
An Instant Pot is a type of electric pressure cooker. It is an important tool for modern cooking as it speeds up the process of cooking food by 3 to 10 times.
Low-pressure:
Low-pressure is a type of electric pressure cooker that works at a lower temperature than the traditional ones. The working principle of low-pressure is similar to high and medium pressure, by creating an environment inside the cooker where water or other liquids can boil rapidly. However, unlike other types, it does not use steam as a cooking medium but instead uses hot air from an internal fan for faster cooking.
High-pressure:
High-pressure and its usage in instant pot market is a new term in the kitchen appliance industry. The pressure cooker has been around for quite some time, but it's only recently that people have started to take notice of them. High-pressure cooking is when food is cooked under a reduced pressure or steam inside a sealed vessel, which helps the ingredients inside retain their nutrients as well as their natural juices.
The concept behind high-pressure.
Application Insights:
The commercial application segment dominated the global instant pot market, accounting for over 70.0% share of the total revenue in 2017. The increasing number of restaurants and food chains across the globe has been contributing significantly to segment growth. For instance, according to Technomic Global Market Research Report 2018, there were 23 million electric pressure cookers (IPC) sold globally in 2016 and this number is expected to grow at a rate of 9% from 2017 to 2022. Moreover, with an increase in disposable income among people around the world, there has been a rise in demand for home-cooked food which is also driving up demand for IPCs among consumers at homes as well as hotels.
The home application segment accounted for more than 30% share of the total revenue on account of high product penetration among consumers at homes worldwide especially during recent years when cooking shows have become so popular on TV programs such as Cook's Country.
Regional Analysis:
Asia Pacific dominated the global instant pot market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing awareness regarding electric pressure cookers, growing middle-class population, and rapid urbanization and development across countries such as China, India, Indonesia, Malaysia Philippines Singapore Thailand Vietnam among others. Moreover rising health concerns due to high consumption of unhealthy food are also driving the demand for Instant Pot in this region significantly.
North America is anticipated to witness significant growth over the next eight years owing to increasing awareness about Instant Pot's functionality amongst consumers especially those belonging from Generation Y (born between 1980s - 1990s).
Growth Factors:
- Increasing demand for healthy and convenient food options.
- Rising popularity of electric pressure cookers.
- Growing awareness of the Instant Pot's benefits among consumers.
- Innovative product features and enhancements by Instant Pot Inc..
Scope Of The Report
Report Attributes
Report Details
Report Title
Instant Pot Market Research Report
By Type
Low-pressure, High-pressure
By Application
Home, Commercial
By Companies
CHEFMADE, Blue Diamond Cookware, COOKER KING, Prestige
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Instant Pot Market Report Segments:
The global Instant Pot market is segmented on the basis of:
Types
Low-pressure, High-pressure
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, Commercial
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:
- CHEFMADE
- Blue Diamond Cookware
- COOKER KING
- Prestige
Highlights of The Instant Pot 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:
- Low-pressure
- High-pressure
- By Application:
- Home
- Commercial
- 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 Instant Pot 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Instant Pot is a popular electric pressure cooker that can be used to cook food quickly and easily. It features a variety of functions, including pressure cooking, slow cooking, steaming, and more.
Some of the major companies in the instant pot market are CHEFMADE, Blue Diamond Cookware, COOKER KING, Prestige.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Instant Pot 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 Instant Pot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Instant Pot 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 Instant Pot 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 Instant Pot Market Size & Forecast, 2018-2028
4.5.1 Instant Pot Market Size and Y-o-Y Growth
4.5.2 Instant Pot Market Absolute $ Opportunity
Chapter 5 Global Instant Pot 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 Instant Pot Market Size Forecast by Type
5.2.1 Low-pressure
5.2.2 High-pressure
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Instant Pot 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 Instant Pot Market Size Forecast by Applications
6.2.1 Home
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Instant Pot 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 Instant Pot 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 Instant Pot Analysis and Forecast
9.1 Introduction
9.2 North America Instant Pot 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 Instant Pot Market Size Forecast by Type
9.6.1 Low-pressure
9.6.2 High-pressure
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 Instant Pot Market Size Forecast by Applications
9.10.1 Home
9.10.2 Commercial
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 Instant Pot Analysis and Forecast
10.1 Introduction
10.2 Europe Instant Pot 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 Instant Pot Market Size Forecast by Type
10.6.1 Low-pressure
10.6.2 High-pressure
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 Instant Pot Market Size Forecast by Applications
10.10.1 Home
10.10.2 Commercial
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 Instant Pot Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Instant Pot 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 Instant Pot Market Size Forecast by Type
11.6.1 Low-pressure
11.6.2 High-pressure
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 Instant Pot Market Size Forecast by Applications
11.10.1 Home
11.10.2 Commercial
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 Instant Pot Analysis and Forecast
12.1 Introduction
12.2 Latin America Instant Pot 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 Instant Pot Market Size Forecast by Type
12.6.1 Low-pressure
12.6.2 High-pressure
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 Instant Pot Market Size Forecast by Applications
12.10.1 Home
12.10.2 Commercial
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) Instant Pot Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Instant Pot 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) Instant Pot Market Size Forecast by Type
13.6.1 Low-pressure
13.6.2 High-pressure
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) Instant Pot Market Size Forecast by Applications
13.10.1 Home
13.10.2 Commercial
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 Instant Pot Market: Competitive Dashboard
14.2 Global Instant Pot Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CHEFMADE
14.3.2 Blue Diamond Cookware
14.3.3 COOKER KING
14.3.4 Prestige
