What is Multicooker Market?
A multicooker (also called "multi-cooker") is an electrical kitchen appliance for automated cooking with a timer. A typical multi-cooker can boil, simmer, bake, fry, deep-fry, broil, broil, stew, steam, and brown food. The appliance is operated by adding ingredients, selecting the appropriate program, and cooking the multicooker according to the program, usually without further user intervention. Some multicookers have an adjustable thermostat. In addition to cooking programs, a multi-cooker can have functions to keep food warm, warm it up, or to cook it at a later time. Some multi-cookers can also function as slow cookers.
The market study is being classified by Type (Small Volume, Medium Volume and Large Volume), by Application (Home Uses, Restaurants and Food outlets) and major geographies with country level break-up.
Breville (Australia), Fagor (Spain), Cuisinart (United States), KitchenAid (United States), Philips (Netherlands), Tefal (France), Sage Group (United Kingdom), Morphy Richards (United Kingdom), Elegento (Greece), Lakeland (United Kingdom) and SharkNinja Operating LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Midea Group (China) and Supor (China).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Multicooker market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Multicooker market by Type, Application and Region.
On the basis of geography, the market of Multicooker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Adoption of Electric Multi-Cookers across the World
- Rising Buyer's Awareness Concerning the Preservation of Gas and Power
Market Trend
- The Lifestyle of People Getting More Hectic, There Is Greater Demand for Electric Multi-Cookers
- The Rising Interest for Innovative and Alluring Kitchen Appliances
Restraints
- Rising COVID-19 Pandemic Outbreak Sustained Business Operations
Opportunities
- The Multicooker Manufacturing Companies Are Focusing On Integrating Their Products with Functions Such As Food Processing
- Rise In Product Innovation and Development Activities and With the Technology-Advancement on Cooking Methods
Challenges
- Unawareness about the Usage of Multicookers
Key Target Audience
Manufacturers of Multicooker, Distributors and Suppliers of Multicooker, End-Users, Potential Investors, Market Research Firms and Others