Pressure Cooker Market: Global Industry Analysis and Forecast (2021-2027) by Material, Application, Type, and region.

Pressure Cooker Market size was valued at US$ 57.46 Bn. in 2020 and the total revenue is expected to grow at 3.23 % through 2021 to 2027, reaching nearly US$ 71.78 Bn.

Pressure Cooker Market Overview:

The pressure cooker is a sealed container used for pressure cooking and works on unique high pressure and temperature helps in reducing cooking time and saving gas. Pressure cookers have witnessed a surge as consumers are inclining towards modern kitchenware. Pressure Cooker Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Pressure Cooker Market Dynamics:

Increasing consumer awareness of gas and electricity savings has heightened cooking methods such as pressure cookers, reducing cooking time by about 70%. Innovations in products such as high radiation flames and electric burners have a positive impact on the need for pressure cookers. These factors are driving the market growth of pressure cookers. A pressure cooker helps in preserving nutrients and helps create complex and rich flavors. Depending on the type, it also saves gas and electricity. Awareness of these benefits is expected to drive the demand for gas and electric pressure cooker products and is expected to grow in the future as well. Increased investing in Research & Development activities and the introduction of advanced technology based on cooking methods and ingredients to meet the growing demand for non-toxic pressure cookers. These factors are expected to drive the market through the forecast period. The products such as electric and high radiant flame burners are having a positive impact on the demand for pressure cookers. Market players have recorded increasing demand for pressure cookers coated with hard anodized ceramics and aluminum, among others. Products coated with hard alumite and ceramics are driving the growth of the pressure cooker market. The electric pressure cooker is better suited on the stove than the corresponding one. Innovative technology integrated into appliances automatically turns off pushbuttons. These factors are driving the growth of the pressure cooker market. The Electric pressure cooker is easier to use than the stove. The automatic stove type prevents food from burning and saves energy. Many top chefs recommend a pressure cooker because it retains essential nutrients better than other steaming and cooking methods. These factors are expected to have a positive impact on the demand for the pressure cooker. Market trends and challenges are analyzed and compiled in the report. The data of 2020 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2016 to 2019 with market forecast until 2027.

Pressure Cooker Market Segment Analysis:

By Material, The Stainless-Steel segment dominated the market with 58 % in 2020. Stainless steel is most commonly used in the production of gas and electric pressure cookers. It reduces the possibility of damage in the form of scratches, stains, and rust caused by constant overheating and cleaning. In addition, it does not absorb excessive heat during cooking and prevents food from burning. These factors are driving the growth of the segment in the pressure cooker market. The aluminum segment is expected to grow at a CAGR of around 7 % in 2020. Aluminum is a lightweight material that makes it very convenient to carry things and easy to carry when cooking and the affordable pricing of the product. It is a very good thermal conductor, contributing to the more uniform and faster cooking of food. These factors are expected to drive demand for the product and drive market growth. Pressure Cooker Market 1 By Application, the Residential segment dominated the market with a 61 % share in 2020. Electricity and gas connections are readily available and no residential outdoor equipment is required. Residential areas often have single-phase power connections suitable for use in electric pressure cookers. This is one of the key factors for product acceptance in this application segment. Compact cooking spaces in urban residential areas often lack adequate ventilation. The pressure cooker requires a small amount of heat and produces very little smoke. These factors are driving the market growth of the segment. The commercial segment is expected to grow at a CAGR of 8 % through the forecast period. The growing need for faster cooking in several commercial areas, such as restaurants and hotels with multiple kitchens, is expected to drive the demand for pressure cookers. Large cookers are often used to cook large amounts of food in a limited amount of time. They require a very small amount of heat and energy, which facilitates product adoption. Increasing demand for electric pressure cookers to maintain temperatures in commercial areas. These factors are expected to drive the market through the forecast period. Pressure Cooker Market 2 By Type, the Gas segment dominated the market with a 56 % share in 2020. The majority of households and restaurants have stoves for cooking. This factor is driving the market growth of the segment. The growing population in rural areas, innovations in gas stoves, etc. These are the factors driving the market growth of the segment. The electric segment is expected to grow at a CAGR of 11 % through the forecast period. They are more convenient to use than the gas-type pressure cooker. The innovative technology induced in the electric product automatically switches off the pressure button. The automatic type of cooker also saves the food from getting burnt along with saving energy. They also help is maintain the taste and nutrients in the food. These factors are expected to drive the market growth through the forecast period. Pressure Cooker Market 3

Pressure Cooker Market Regional Insights:

The Asia Pacific dominated the market with a 38 % share in 2020. Population and household growth, coupled with rapid development, is driving the regional market. More than 90% of the world's rice production and consumption is concentrated in the Asia-Pacific region, and it is increasing the adoption of pressure cookers in the region. Increased disposable income and the introduction of innovative products. These factors are driving the market growth of pressure cookers in the region. Europe is expected to grow a CAGR of over 9.4 % through the forecast period. The European Commission's initiative to promote the use of eco-friendly low-carbon products has increased pressure cooker demand. the high purchasing power of consumers, increasing number of restaurants. These factors are expected to drive the market growth through the forecast period. The objective of the report is to present a comprehensive analysis of the Pressure Cooker market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Pressure Cooker market dynamics, structure by analyzing the market segments and project the Pressure Cooker market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Pressure Cooker market make the report investor’s guide.

Pressure Cooker Market Scope: Inquire before buying

Pressure Cooker Market 5

Pressure Cooker Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Pressure Cooker Market Key Players

• TTK Prestige • Koninklijke • Zhejiang Supor Co., Ltd. • Midea Group Co., Ltd. • Joyoung Co., Ltd. • Qingdao Haier Co., Ltd. • SEB • WMF • AMC • Sinbo • Silit • Hawkins • Kuhn Rikon • Zwilling • Fissler • Philips • Panasonic • Instant Pot • Midea • Supor • Jiuyang • Galanz • Double Happiness • Povos

FAQ:

1] What segments are covered in the Pressure Cooker Market report? Ans. The segments covered in the Pressure Cooker Market report are based on Material, Application, and Type. 2] Which region is expected to hold the highest share in the Pressure Cooker Market? Ans. Asia Pacific Region is expected to hold the highest share in the Pressure Cooker Market. 3] What is the market size of the Pressure Cooker Market by 2027? Ans. The market size of Pressure Cooker Market by 2027 is US $ 71.78 Bn. 4] Who are the top key players in the Pressure Cooker Market? Ans. TTK Prestige, Koninklijke, Zhejiang Supor Co., Ltd., Midea Group Co., Ltd., Joyoung Co., Ltd., Qingdao Haier Co., Ltd., SEB, WMF, AMC, Sinbo, Silit, Hawkins, Kuhn Rikon, Zwilling, Fissler, Philips, Panasonic, Instant Pot, Midea, Supor, Jiuyang, Galanz, Double Happiness, Povos. 5] What was the market size of the Pressure Cooker Market in 2020? Ans. The market size of the Pressure Cooker Market in 2020 was US $ 57.46 Bn.
1. Global Pressure Cooker Market: Research Methodology 2. Global Pressure Cooker Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Pressure Cooker Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Pressure Cooker Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Pressure Cooker Market Segmentation 4.1. Global Pressure Cooker Market, by Material (2020-2027) • Aluminum • Stainless Steel 4.2. Global Pressure Cooker Market, by Application (2020-2027) • Residential • Commercial 4.3. Global Pressure Cooker Market, by Type (2020-2027) • Electric • Gas 5. North America Pressure Cooker Market(2020-2027) 5.1. Global Pressure Cooker Market, by Material (2020-2027) • Aluminum • Stainless Steel 5.2. Global Pressure Cooker Market, by Application (2020-2027) • Residential • Commercial 5.3. Global Pressure Cooker Market, by Type (2020-2027) • Electric • Gas 5.4. North America Pressure Cooker Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Pressure Cooker Market (2020-2027) 6.1. European Pressure Cooker Market, by Material (2020-2027) 6.2. European Pressure Cooker Market, by Application (2020-2027) 6.3. European Pressure Cooker Market, by Type (2020-2027) 6.4. European Pressure Cooker Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Pressure Cooker Market (2020-2027) 7.1. Asia Pacific Pressure Cooker Market, by Material (2020-2027) 7.2. Asia Pacific Pressure Cooker Market, by Application (2020-2027) 7.3. Asia Pacific Pressure Cooker Market, by Type (2020-2027) 7.4. Asia Pacific Pressure Cooker Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Pressure Cooker Market (2020-2027) 8.1. Middle East and Africa Pressure Cooker Market, by Material (2020-2027) 8.2. Middle East and Africa Pressure Cooker Market, by Application (2020-2027) 8.3. Middle East and Africa Pressure Cooker Market, by Type (2020-2027) 8.4. Middle East and Africa Pressure Cooker Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Pressure Cooker Market (2020-2027) 9.1. Latin America Pressure Cooker Market, by Material (2020-2027) 9.2. Latin America Pressure Cooker Market, by Application (2020-2027) 9.3. Latin America Pressure Cooker Market, by Type (2020-2027) 9.4. Latin America Pressure Cooker Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. TTK Prestige 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Koninklijke 10.3. Zhejiang Supor Co., Ltd. 10.4. Midea Group Co., Ltd. 10.5. Joyoung Co., Ltd. 10.6. Qingdao Haier Co., Ltd. 10.7. SEB 10.8. WMF 10.9. AMC 10.10. Sinbo 10.11. Silit 10.12. Hawkins 10.13. Kuhn Rikon 10.14. Zwilling 10.15. Fissler 10.16. Philips 10.17. Panasonic 10.18. Instant Pot 10.19. Midea 10.20. Supor 10.21. Jiuyang 10.22. Galanz 10.23. Double Happiness 10.24. Povos

About This Report

Report ID 127202
Category Consumer Goods & Services
Published Date Nov 2021
Updated Date
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