Rice Cooker Market Key Players, Trends, Growth Opportunities
and Industry Forecast till 2022
“The recent technological advancement and development
of the novel products such as electric rice cookers are
expected fuel market demand over the upcoming years.”
The Global Rice Cooker Market is subject to witness a substantial growth due to the increasing rice consumption
in the both underdeveloped and developing economies across the globe. Increasing import and export activities
in the Asia Pacific and African region is expected to foster market growth over the forecast period. Increasing
popularity of the rice cookers market is attributed to its capability to cook rice evenly, keeping the grain neither
separate, undercooked nor overcooked. Globally, the 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.
The recent technological advancement and development of the novel products such as electric rice cookers are
expected fuel market demand over the upcoming years. Additionally, excessive features such as measuring cups
for the rice and marking on the pots to quantify the amount of water required to cook rice are expected to boost
market demand for rice cookers in the near future.
The electric cookers are easier to use with simple operation with variable programing modes to allow cooking
of different types of grains such as wild rice, white rice, brown rice, oatmeal, and polenta. Furthermore, some
rice cookers comes with settings for cooking fish, vegetables, cooking stews and soups. These advantages help
in market expansion leading to a wider market reach for rice cooker industry.
However, factors such as lack of consistent performance to cook brown rice evenly and long cooking time limits
the market to a certain extent. Occasionally, the lower layer of rice forms a crust, making rice less fluffy, and
becoming stickier. These factors substantially hampers popularity of the rice cooker. Additionally, complex