PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1780850
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1780850
Global Gas & Electric Pressure Cooker Market to Reach US$11.7 Billion by 2030
The global market for Gas & Electric Pressure Cooker estimated at US$8.5 Billion in the year 2024, is expected to reach US$11.7 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2024-2030. Stainless Steel Material, one of the segments analyzed in the report, is expected to record a 5.2% CAGR and reach US$6.4 Billion by the end of the analysis period. Growth in the Aluminum Material segment is estimated at 6.5% CAGR over the analysis period.
The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 8.7% CAGR
The Gas & Electric Pressure Cooker market in the U.S. is estimated at US$2.3 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Global Gas & Electric Pressure Cooker Market - Key Trends & Drivers Summarized
Why Are Gas and Electric Pressure Cookers Becoming a Kitchen Essential?
Gas and electric pressure cookers have revolutionized home and commercial cooking by significantly reducing cooking time while preserving nutrients and enhancing flavors. Unlike conventional cooking methods, which require prolonged heat exposure, pressure cookers use steam and high pressure to cook food faster, making them an energy-efficient and time-saving solution for modern households. As lifestyles become more fast-paced, consumers are increasingly adopting pressure cookers to prepare healthy meals quickly and conveniently.
The rise of health-conscious eating habits has further fueled demand for pressure cookers, as they help retain more vitamins and minerals compared to traditional boiling or frying. Electric pressure cookers, in particular, have gained immense popularity due to their programmable settings, multifunctionality, and user-friendly features. With the integration of slow cooking, steaming, sauteing, and yogurt-making capabilities, electric pressure cookers have evolved into versatile kitchen appliances that cater to diverse culinary preferences. Additionally, gas pressure cookers remain popular among professional chefs and home cooks who prefer manual control over pressure and heat levels.
How Are Technological Advancements Enhancing Pressure Cooker Efficiency?
Technological innovations in gas and electric pressure cookers have transformed them into smart, efficient, and safe cooking appliances. Modern electric pressure cookers are equipped with digital control panels, pre-programmed cooking modes, and precision temperature controls, allowing users to cook a variety of dishes with minimal effort. The introduction of Wi-Fi-enabled and app-controlled pressure cookers has further improved convenience, enabling users to monitor and adjust cooking settings remotely.
Safety has been a major focus in pressure cooker development, with manufacturers incorporating advanced safety mechanisms such as automatic pressure release valves, lid-locking systems, and overheating protection. Electric pressure cookers now feature multiple pressure levels and delayed start timers, providing users with greater flexibility in meal preparation. Additionally, advancements in stainless steel and non-stick inner pots have improved durability and ease of cleaning. Gas pressure cookers, on the other hand, have been upgraded with better heat distribution technology and reinforced safety valves, ensuring efficient and risk-free cooking.
Which Market Segments and Consumer Trends Are Driving Demand for Pressure Cookers?
The residential sector dominates the gas and electric pressure cooker market, with busy professionals, families, and health-conscious consumers driving sales. The increasing adoption of electric pressure cookers in urban households is attributed to their ease of use, automatic cooking functions, and ability to replace multiple kitchen appliances. Additionally, the growing trend of meal prepping and batch cooking has encouraged consumers to invest in high-capacity pressure cookers that can prepare large quantities of food efficiently.
The commercial food industry, including restaurants, catering services, and hotel kitchens, is another key market segment for gas and electric pressure cookers. Professional chefs rely on high-capacity pressure cookers to prepare soups, stews, and braised dishes quickly while maintaining consistent taste and texture. Additionally, the rising demand for plant-based diets and home-cooked meals has led to an increase in the use of pressure cookers for cooking beans, grains, and legumes. The popularity of cooking influencers and online recipe sharing has also contributed to increased consumer interest in pressure cooker-based recipes, further driving market growth.
What Key Factors Are Driving Market Growth?
The growth in the gas and electric pressure cooker market is driven by increasing consumer demand for convenient, energy-efficient, and multi-functional kitchen appliances. The rise of smart home technology has fueled the adoption of Wi-Fi-connected electric pressure cookers, allowing users to control cooking settings remotely. Additionally, the growing awareness of the health benefits of pressure cooking, including nutrient retention and reduced oil consumption, has contributed to market expansion.
The rapid urbanization and busy lifestyles of modern consumers have accelerated the shift toward electric pressure cookers, which offer programmable settings and hands-free cooking options. Meanwhile, the commercial food industry continues to invest in high-capacity gas pressure cookers to improve cooking efficiency and meet high-volume food production demands. Sustainability concerns have also played a role in shaping the market, with manufacturers developing eco-friendly pressure cookers that reduce energy consumption and minimize food waste. As innovation in kitchen appliances continues, the gas and electric pressure cooker market is expected to witness sustained growth, catering to the evolving culinary preferences of consumers worldwide.
SCOPE OF STUDY:
The report analyzes the Gas & Electric Pressure Cooker market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Material (Stainless Steel Material, Aluminum Material, Other Materials); Distribution Channel (Offline Distribution Channel, Online Distribution Channel); Application (Residential Application, Commercial Application)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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