Market Overview:
The global household induction heating rice cooker market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience foods and the rising disposable income of consumers in developing countries. In addition, the growing awareness about healthy eating habits is also contributing to the growth of this market. The global household induction heating rice cooker market can be segmented on the basis of type, application, and region. On the basis of type, this market can be segmented into 2L, 3L, 4L, 5L and >7 L segments. The 2 L segment is expected to account for a major share in terms of revenue in 2018 owing to its low price point and high portability.
Product Definition:
A rice cooker is a small kitchen appliance used to cook rice. It is often electric, with a heating element at the bottom and one or more lids on top. There are many different types of rice cookers, but all work more or less the same way: you add some water to the pot, put in your desired amount of rice, then press a button and let it do its thing. Some models have timers and automatic shut-offs so that you can go about your day while your dinner cooks itself; others require manual stirring and input throughout the cooking process. A household induction heating rice cooker is an electronic device that uses induction heating to cook food. Induction heating occurs when an electrical current passes through a conductor (in this case, metal) placed in close proximity to another magnetized object (in this case, the pan).
2L:
2L is a measurement for capacity of liquid in household induction heating rice cooker. It’s basically used to measure amount of water that can be heated using element inside the rice cooker.
3L:
3L is the largest market for household induction heating rice cooker. The 3L capacity rice cookers are designed to be used in combination with other smaller capacities such as 1.5 and 2L, which allows it to effectively deal with large scale cooking requirements when compared to a 1 or 2 liter cookers.
The increasing popularity of induction technology among households that have the luxury of space but lack electricity for Induction Cooktop is expected to drive product demand over the forecast period.
Application Insights:
The offline segment dominated the global household induction heating rice cooker market in 2017, accounting for more than 60.0% share of the total revenue. The product is gaining popularity among households as an essential kitchen appliance due to its ability to cook a delicious meal in less time with less effort and at a lower cost.
Offline consumers prefer this method of cooking as it saves them from having to constantly monitor the stovetop while trying to prepare a meal for their families or friends. Furthermore, these products are user-friendly and can be used by almost everyone in the family without any prior knowledge or experience required regarding its usage and settings.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing awareness about healthy eating habits and staple food preparation techniques among consumers in developing countries, such as India and China. Furthermore, an increase in disposable income levels will boost the demand for household induction cookers over the forecast period.
North America held a significant share of more than 25% in 2017 owing to high adoption rates of advanced kitchen appliances among consumers with higher incomes across U.S., Canada, and Mexico countries due to their well-established kitchen infrastructure within households coupled with growing trend towards convenience foods prepared quickly at home by using these appliances instead of using outside services or restaurants.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increased demand for convenient cooking appliances such as household induction heating rice cookers. These appliances offer a quick and easy way to cook rice without having to worry about it burning or sticking to the pot.
- Rising income levels in developing countries: A large percentage of the population in developing countries is rising out of poverty, which has resulted in an increase in their disposable income levels. This is leading to an increase in demand for high-quality, luxury appliances such as household induction heating rice cookers.
- Advances in technology: Household induction heating rice cookers are becoming more and more advanced, with features such as timers and automatic shut-offs that make them easier and safer to use. This is attracting more consumers towards these products, especially those who are looking for a hassle-free cooking experience.
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Induction Heating Rice Cooker Market Research Report
By Type
2L, 3L, 4L, 5L, >7L
By Application
Online, Offline
By Companies
Midea, Joyoung, SUPOR(SEB), PHILIPS, ZO JIRUSHI, Cuckoo, TIGER, CUCHEN, Panasonic, Mitsubishi
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Household Induction Heating Rice Cooker Market Report Segments:
The global Household Induction Heating Rice Cooker market is segmented on the basis of:
Types
2L, 3L, 4L, 5L, >7L
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
Online, Offline
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:
- Midea
- Joyoung
- SUPOR(SEB)
- PHILIPS
- ZO JIRUSHI
- Cuckoo
- TIGER
- CUCHEN
- Panasonic
- Mitsubishi
Highlights of The Household Induction Heating Rice 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:
- 2L
- 3L
- 4L
- 5L
- >7L
- By Application:
- Online
- Offline
- 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 Household Induction Heating Rice 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.
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?
A household induction heating rice cooker is a small, portable appliance that uses electricity to cook food. It typically has a removable cooking pot and comes with an automatic timer.
Some of the major companies in the household induction heating rice cooker market are Midea, Joyoung, SUPOR(SEB), PHILIPS, ZO JIRUSHI, Cuckoo, TIGER, CUCHEN, Panasonic, Mitsubishi.
The household induction heating rice cooker market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Household Induction Heating Rice Cooker Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Household Induction Heating Rice Cooker Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Household Induction Heating Rice Cooker Market - Supply Chain
4.5. Global Household Induction Heating Rice Cooker Market Forecast
4.5.1. Household Induction Heating Rice Cooker Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Household Induction Heating Rice Cooker Market Size (000 Units) and Y-o-Y Growth
4.5.3. Household Induction Heating Rice Cooker Market Absolute $ Opportunity
5. Global Household Induction Heating Rice Cooker Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Household Induction Heating Rice Cooker Market Size and Volume Forecast by Type
5.3.1. 2L
5.3.2. 3L
5.3.3. 4L
5.3.4. 5L
5.3.5. >7L
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Household Induction Heating Rice Cooker Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Household Induction Heating Rice Cooker Market Size and Volume Forecast by Application
6.3.1. Online
6.3.2. Offline
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Household Induction Heating Rice Cooker Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Household Induction Heating Rice Cooker Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Household Induction Heating Rice Cooker Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Household Induction Heating Rice Cooker Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Household Induction Heating Rice Cooker Demand Share Forecast, 2019-2026
9. North America Household Induction Heating Rice Cooker Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Household Induction Heating Rice Cooker Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Household Induction Heating Rice Cooker Market Size and Volume Forecast by Application
9.4.1. Online
9.4.2. Offline
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Household Induction Heating Rice Cooker Market Size and Volume Forecast by Type
9.7.1. 2L
9.7.2. 3L
9.7.3. 4L
9.7.4. 5L
9.7.5. >7L
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Household Induction Heating Rice Cooker Demand Share Forecast, 2019-2026
10. Latin America Household Induction Heating Rice Cooker Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Household Induction Heating Rice Cooker Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Household Induction Heating Rice Cooker Market Size and Volume Forecast by Application
10.4.1. Online
10.4.2. Offline
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Household Induction Heating Rice Cooker Market Size and Volume Forecast by Type
10.7.1. 2L
10.7.2. 3L
10.7.3. 4L
10.7.4. 5L
10.7.5. >7L
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Household Induction Heating Rice Cooker Demand Share Forecast, 2019-2026
11. Europe Household Induction Heating Rice Cooker Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Household Induction Heating Rice Cooker Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Household Induction Heating Rice Cooker Market Size and Volume Forecast by Application
11.4.1. Online
11.4.2. Offline
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Household Induction Heating Rice Cooker Market Size and Volume Forecast by Type
11.7.1. 2L
117.2. 3L
11.7.3. 4L
11.7.4. 5L
11.7.5. >7L
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Household Induction Heating Rice Cooker Demand Share, 2019-2026
12. Asia Pacific Household Induction Heating Rice Cooker Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Household Induction Heating Rice Cooker Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Household Induction Heating Rice Cooker Market Size and Volume Forecast by Application
12.4.1. Online
12.4.2. Offline
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Household Induction Heating Rice Cooker Market Size and Volume Forecast by Type
12.7.1. 2L
12.7.2. 3L
12.7.3. 4L
12.7.4. 5L
12.7.5. >7L
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Household Induction Heating Rice Cooker Demand Share, 2019-2026
13. Middle East & Africa Household Induction Heating Rice Cooker Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Household Induction Heating Rice Cooker Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Household Induction Heating Rice Cooker Market Size and Volume Forecast by Application
13.4.1. Online
13.4.2. Offline
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Household Induction Heating Rice Cooker Market Size and Volume Forecast by Type
13.7.1. 2L
13.7.2. 3L
13.7.3. 4L
13.7.4. 5L
13.7.5. >7L
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Household Induction Heating Rice Cooker Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Household Induction Heating Rice Cooker Market: Market Share Analysis
14.2. Household Induction Heating Rice Cooker Distributors and Customers
14.3. Household Induction Heating Rice Cooker Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Midea
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Joyoung
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SUPOR(SEB)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PHILIPS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZO JIRUSHI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cuckoo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TIGER
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CUCHEN
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Panasonic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
