Rice Cooker Market Size Analysis, Industry Outlook and Forecasts, 2017 - 2022
Globally, Rice Cooker market is predicted to grow at a CAGR of 3.5% over the forecast period, providing numerous opportunities for market players to invest in research and development of the rice cooker market.
Globally, Rice Cooker market is predicted to grow at a CAGR of 3.5% over the forecast period, providing numerous opportunities for market players to invest in research and development of the rice cooker market.
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<strong>Rice</strong> <strong>Cooker</strong> <strong>Market</strong> <strong>Size</strong> <strong>Analysis</strong>, <strong>Industry</strong> <strong>Outlook</strong> <strong>and</strong><br />
<strong>Forecasts</strong>, <strong>2017</strong> - <strong>2022</strong><br />
<strong>Rice</strong> <strong>Cooker</strong> <strong>Market</strong> Report provides in-depth analysis of industry by<br />
Production, Share, <strong>Size</strong>, Dem<strong>and</strong>, Proposition, Development, Opportunistic<br />
Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic<br />
Investment Feasibility, Major key players, SWOT <strong>Analysis</strong> <strong>and</strong> Forecast.<br />
The Global <strong>Rice</strong> <strong>Cooker</strong> <strong>Market</strong> is subject to witness a substantial growth due to the increasing rice<br />
consumption in the both underdeveloped <strong>and</strong> developing economies across the globe. Increasing<br />
import <strong>and</strong> export activities in the Asia Pacific <strong>and</strong> African region is expected to foster market<br />
growth over the forecast period. Increasing popularity of the rice cookers market is attributed to its<br />
capability to cook rice evenly, keeping the grain neither separate, undercooked nor overcooked.<br />
Globally, the market is predicted to grow at a CAGR of 3.5% over the forecast period, providing<br />
numerous opportunities for market players to invest in research <strong>and</strong> development of the rice cooker<br />
market.<br />
Request Sample Copy of this <strong>Market</strong> Research @<br />
https://www.millioninsights.com/industry-reports/rice-cooker-market/request-sample
The recent technological advancement <strong>and</strong> development of the novel products such as electric rice<br />
cookers are expected fuel market dem<strong>and</strong> over the upcoming years. Additionally, excessive features<br />
such as measuring cups for the rice <strong>and</strong> marking on the pots to quantify the amount of water<br />
required to cook rice are expected to boost market dem<strong>and</strong> for rice cookers in the near future.<br />
The electric cookers are easier to use with simple operation with variable programing modes to<br />
allow cooking of different types of grains such as wild rice, white rice, brown rice, oatmeal, <strong>and</strong><br />
polenta. Furthermore, some rice cookers comes with settings for cooking fish, vegetables, cooking<br />
stews <strong>and</strong> soups. These advantages help in market expansion leading to a wider market reach for<br />
rice cooker industry.<br />
However, factors such as lack of consistent performance to cook brown rice evenly <strong>and</strong> long cooking<br />
time limits the market to a certain extent. Occasionally, the lower layer of rice forms a crust, making<br />
rice less fluffy, <strong>and</strong> becoming stickier. These factors substantially hampers popularity of the rice<br />
cooker. Additionally, complex cleaning process <strong>and</strong> regular maintenance for electric cookers are<br />
restraining market progress, in the recent years. In some cases, additional cleaning is required<br />
involving the steaming vent <strong>and</strong> inner lid.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/rice-cooker-market<br />
The rice cookers market is broadly categorized into two major types based on the product type such<br />
as electric rice cooker <strong>and</strong> gas rice cooker. The gas rice cooker is considered as one of the fastest<br />
growing segment in the rice cooker market with substantial revenue generation in the last couple of<br />
years. Growing popularity of the gas rice cooker market segment is attributed to easy availability<br />
<strong>and</strong> lower cost. Other factors such as increasing penetration in the rural areas owing to the<br />
presence of vast chain of retail stores <strong>and</strong> supermarket, thus driving market dem<strong>and</strong> for gas rice<br />
cooker. The electric gas cooker has also witnessed significant growth, in the recent years owing to<br />
the portability, flexibility <strong>and</strong> minimum operating requirements.<br />
The rice cookers market is further divided into two major types based on end-users applications<br />
such as household <strong>and</strong> commercial. The rice cookers market is exp<strong>and</strong>ing at a remarkable pace
owing to recent technological innovation, rising competition in the market, <strong>and</strong> R&D activities in the<br />
industry.<br />
The rice cooker market is divided by region as North America, Europe, Asia-Pacific, Latin America<br />
<strong>and</strong> Africa. North America has shown major growth in recent years owing to the rise in the<br />
implementation of latest technologies <strong>and</strong> existence of well-established manufacturing sector in the<br />
region. Asia-Pacific region is predicted to hold major market share in the rice cooker market with<br />
massive growth in forecast period.<br />
Countries such as India, China, South Korea, Japan, Indonesia <strong>and</strong> Singapore are leading the Asia-<br />
Pacific market with increasing consummation of rice, strong economic growth, rising per capita<br />
income, growing penetration in the rural areas, <strong>and</strong> significant investment by leading industry<br />
players considering potential growth opportunities in the region.<br />
The key players in the rice cooker market are Panasonic Co., Zhejiang Supor Co., Ltd., Midea Group,<br />
Matsushita Electric Industrial Company, Ltd., Koninklijke Philips N.V., Nine Yang Ltd., SKG Electric<br />
Co., Ltd., Triangle Co., Toshiba Co., Fuqua Companies LLC, Haier Group Co., TCL Co., Sanyo Electric<br />
Appliance Co., Ltd., Konka Group Ltd., <strong>and</strong> LG Electronics, Inc.<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/consumer-goods<br />
<strong>Market</strong> Segment:<br />
Key Products<br />
• Conventional <strong>Rice</strong> <strong>Cooker</strong><br />
• Micom <strong>Rice</strong> <strong>Cooker</strong><br />
• IH <strong>Rice</strong> <strong>Cooker</strong><br />
Key Vendors<br />
• CUCHEN
• Cuckoo<br />
• Enaiter<br />
• Joyoung<br />
• Midea<br />
• Panasonic<br />
• Supor<br />
• Toshiba<br />
• Zojirushi<br />
• request free sample to get a complete list of companies<br />
Key Questions Answered in this Report<br />
• What will the market size be in <strong>2022</strong>?<br />
• What are the key factors driving the global rice cooker market?<br />
• What are the challenges to market growth?<br />
• Who are the key players in the rice cooker market?<br />
• What are the market opportunities <strong>and</strong> threats faced by the key players?<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/rice-cooker-market
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