PUBLISHER: Grand View Research | PRODUCT CODE: 1300954
PUBLISHER: Grand View Research | PRODUCT CODE: 1300954
U.S. Electric Rice Cooker Market Size, Share & Trends Analysis Report By Product (Standard, Multifunctional), By Application (Household, Commercial), By Distribution Channel, And Segment Forecasts, 2023 - 2030
U.S. Electric Rice Cooker Market Growth & Trends
The U.S. electric rice cooker market size is expected to reach USD 459.6 million by 2030, expanding at a CAGR of 9.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Electric rice cookers are convenient and help save time. This equipment allows users to set a timer and the cooker switches off automatically after the preset time is over. This frees up time and effort that can be used for other tasks, making it a popular choice for busy households in the U.S.
Standard electric rice cookers are suitable for use where there is limited space in the kitchen and inadequate ventilation. These cookers are much simpler to operate & maintain and are perfect for cooking small quantities of rice. They have a compact design and can be easily ported from one place to another as per convenience. Electric cookers require less heat while cooking rice, making them a more environmentally friendly option. They also have digital timers with readouts and countdowns, providing convenience to users during the cooking process.
Growing consumer preference for convenient, energy-efficient, and multi-functional cooking appliances is a key factor driving the demand for electric rice cookers among U.S. households. Electric rice cookers can be used to cook a variety of grains apart from rice, such as oats and barley, and come with additional functions like slow cooking and steaming. Moreover, many of these appliances are equipped with advanced features such as smart controls and programmable settings, allowing for greater precision and flexibility in cooking. This makes them useful for a wider range of dishes, serving as the ideal cooking appliance in home kitchens.
Offline distribution channels, which include supermarkets, hypermarkets, and specialty stores, play an important role in the distribution of electric rice cookers. These channels offer consumers the opportunity to physically verify the product and compare prices before making a purchase. Offline distribution channels also provide consumers with the option of immediate purchase, eliminating the need to wait for delivery & the added costs and risks of shipping.
Players in the electric rice cooker industry are likely to focus on launching products with features that make cooking rice more convenient and efficient, such as smart controls, multi-functional capabilities, and a large capacity. In addition, there is a focus on sustainability, eco-friendliness, and health-conscious options, given the increasing demand for these attributes in consumer products.
U.S. Electric Rice Cooker Market Report Highlights
- The U.S. electric rice cooker industry size was valued at USD 220.4 million in 2022. Factors such as the increasing demand for convenience and the rising popularity of ethnic foods are expected to drive the market
- Standard rice cookers accounted for the largest share in 2022. Standard electric rice cookers are typically less expensive than their multifunctional and induction counterparts, making them more accessible to budget-conscious consumers
- The household application held the dominant share in 2022. Growing consumer preference for convenient, energy-efficient, and multifunctional cooking appliances is a key factor driving the demand for electric rice cookers among U.S. households
- Based on the distribution channel, the offline segment accounted for the largest share in 2022. Many consumers need to physically verify the size, style, model, functions, and features of an electric rice cooker before making a purchase
- The online distribution channel is expected to register the fastest CAGR of 12.3% from 2023 to 2030. The convenience and popularity of online shopping and the availability of a wide variety of electric rice cookers are key factors driving this segment
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
Chapter 3. U.S. Electric Rice Cooker Market Variables & Trends
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Suppliers Outlook
- 3.2.2. Technology Trends
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier Power
- 3.4.1.2. Buyer Power
- 3.4.1.3. Substitution Threat
- 3.4.1.4. Threat from New Entrants
- 3.4.1.5. Competitive Rivalry
- 3.4.1. Industry Analysis - Porter's
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Service Provider Adoption
- 4.5. Observations & Recommendations
Chapter 5. U.S. Electric Rice Cooker Market: Product Analysis & Estimates
- 5.1. Product Movement Analysis & Market Share, 2022 & 2030
- 5.1.1. Standard
- 5.1.2. Multifunctional
- 5.1.3. Induction
- 5.1.4. Others
Chapter 6. U.S. Electric Rice Cooker Market: Application Analysis & Estimates
- 6.1. Product Movement Analysis & Market Share, 2022 & 2030
- 6.1.1. Household
- 6.1.2. Commercial
Chapter 7. U.S. Electric Rice Cooker Market: Distribution Channel Analysis & Estimates
- 7.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 7.1.1. Offline
- 7.1.2. Online
Chapter 8. U.S. Electric Rice Cooker Market: Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Service Provider Benchmarking
- 8.6. Company Market Share Analysis, 2022 (Value % Share)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.8.1. Partnerships
- 8.8.2. Service Provider Launches
- 8.9. List of key companies analyzed in this section includes:
- 8.9.1. Tiger Corporation
- 8.9.2. Town Food Service Equipment Co., Inc.
- 8.9.3. Toshiba Corporation
- 8.9.4. Panasonic Holdings Corporation
- 8.9.5. Admiral Craft Equipment Corp.
- 8.9.6. Aroma Housewares
- 8.9.7. Black+Decker Inc.
- 8.9.8. Hamilton Beach Brands, Inc.
- 8.9.9. Cuckoo Electronics Co., Ltd.
- 8.9.10. Zojirushi America Corporation
List of Tables
- 1. U.S. electric rice cooker market estimates & forecast, by product, 2017 - 2030 (USD Million)
- 2. U.S. electric rice cooker market revenue estimates and forecast, by application, 2017 - 2030 (USD Million)
- 3. U.S. electric rice cooker market revenue estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 4. Recent developments & impact analysis, by key market participants
- 5. Company market share, 2022 (value % share)
- 6. Company heat map analysis
- 7. Companies undergoing product launches
- 8. Companies undergoing other strategies
List of Figures
- 1. U.S. electric rice cooker market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. Market snapshot
- 7. Product segment snapshot
- 8. Application segment snapshot
- 9. Distribution channel segment snapshot
- 10. Competitive landscape Snapshot
- 11. U.S. electric rice cooker market value, 2022 (USD Million)
- 12. U.S. electric rice cooker market - Industry value chain Analysis
- 13. U.S. electric rice cooker market dynamics
- 14. U.S. rice cooker market: Porter's analysis
- 15. Electric rice cooker in the U.S., gender share (%) analysis, 2021 and 2022
- 16. Factors influencing consumer behavior in the electric rice cookers market
- 17. U.S. electric rice cooker pricing movement analysis chart, 2022 and 2023
- 18. U.S. electric rice cooker market, by product: Key takeaways
- 19. U.S. electric rice cooker market, by product: Market share, 2022 & 2030
- 20. U.S. standard electric rice cooker market estimates & forecasts, 2017 - 2030 (USD Million)
- 21. U.S. multifunctional electric rice cooker market estimates & forecasts, 2017 - 2030 (USD Million)
- 22. U.S. induction electric rice cooker market estimates & forecasts, 2017 - 2030 (USD Million)
- 23. U.S. other electric rice cooker market estimates & forecasts, 2017 - 2030 (USD Million)
- 24. U.S. electric rice cooker market, by application: Key takeaways
- 25. U.S. electric rice cooker market, by application: Market share, 2022 & 2030
- 26. U.S. electric rice cooker market estimates & forecasts, by household, 2017 - 2030 (USD Million)
- 27. U.S. electric rice cooker market estimates & forecasts, by commercial, 2017 - 2030 (USD Million)
- 28. U.S. electric rice cooker market, by distribution channel: Key takeaways
- 29. U.S. electric rice cooker market, by distribution channel: Market share, 2022 & 2030
- 30. U.S. electric rice cooker market estimates & forecasts, through offline, 2017 - 2030 (USD Million)
- 31. U.S. electric rice cooker market estimates & forecasts, through online, 2017 - 2030 (USD Million)
- 32. Key company categorization
- 33. Company market share analysis, 2022
- 34. Strategic framework
