Global Multicooker Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Multicooker Market Analysis

The multicooker market is growing as consumers seek convenient cooking solutions. This demand is driving innovation, with manufacturers integrating smart features for better user experience. The adoption of IoT and voice control is enhancing functionality and ease of use. Energy efficiency and multifunctionality are becoming key factors influencing consumer preferences. As urbanization rises, more households are embracing advanced kitchen appliances for time-saving benefits. Growing health awareness is increasing demand for customizable cooking options with precise control. The expansion of e-commerce is further boosting market accessibility and consumer reach. Strategic collaborations among brands are strengthening distribution channels and market presence. Continuous technological advancements are shaping the future of multicookers, making them more versatile.

Multicooker Market Size

The multicooker market size was valued at USD 1.20 billion in 2024 and is projected to reach USD 1.77 billion by 2032, with a CAGR of 5.00% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Multicooker Market Trends

“Rising Use of Multicookers for Quick and Effortless Cooking”

The rising use of multicookers for quick and effortless cooking is transforming the market as a key trend. Consumers seek appliances that simplify meal preparation while ensuring efficiency and convenience. This demand is boosting the development of advanced models with multifunctional capabilities. This demand is accelerating the development of advanced models with multifunctional capabilities. Pressure cooking, as a key function, allows faster meal preparation while retaining nutrients. For instance, busy professionals rely on pressure cooking to prepare meals in less time. The ability to cook tough ingredients quickly makes it a preferred choice in households. Energy efficiency and reduced cooking times further enhance its appeal among health-conscious consumers. The shift toward home-cooked meals is driving demand for user-friendly, high-performance solutions. Manufacturers continue to refine pressure cooking technology to improve safety and ease of use. As innovations progress, the market for advanced multicookers with efficient pressure cooking expands further.

Report Scope and Multicooker Market Segmentation

Multicooker Market Definition

The multicooker is a modern household electrical device used for automatic cooking. It consists of various components, such as the inner tank, cap, sensors for temperature and pressure, control panel, condensate collector, and others. It is a multifunctional cooker that is ideal for boiling, roasting, baking, stewing, frying, grilling, steaming and prepare yoghurt. In the global market, multicookers are witnessing increasing demand due to their convenience, time-saving capabilities, and multifunctionality. Consumers are actively seeking smart kitchen solutions that reduce cooking efforts while maintaining quality and consistency. With the rising popularity of compact and energy-efficient appliances, manufacturers are focusing on innovation by integrating programmable settings, Wi-Fi connectivity, and voice.

Multicooker Market Dynamics

Drivers

• Rising Shift from Packaged Foods to Homecooked Meals

The rising shift from packaged foods to homecooked meals is driving the multicooker market. Consumers prioritize healthier eating habits and seek appliances that simplify meal preparation. This change is increasing demand for multicookers that offer convenience and time efficiency. Health-conscious individuals prefer homecooked meals to control ingredients and reduce processed food intake. The growing awareness of nutrition further accelerates the adoption of smart cooking solutions. For instance, families are investing in multicookers to prepare fresh and nutritious meals effortlessly. As lifestyles become more hectic, demand for automated cooking appliances continues to surge. Manufacturers are responding by introducing user-friendly models with preset cooking functions. The market is further supported by the rising influence of home cooking content on social media. As more consumers embrace homecooked meals, the need for efficient cooking solutions strengthens market growth.

• Rising Levels of Disposable Income

Rising levels of disposable income are driving the growth of the multicooker market. Consumers are increasingly investing in advanced kitchen appliances that enhance convenience. Higher spending capacity enables households to prioritize time-saving and efficient cooking solutions. The demand for premium multicookers with enhanced features is steadily increasing. For instance, urban professionals prefer smart multicookers to simplify meal preparation amid busy schedules. Growing middle-class populations in emerging economies are further boosting market expansion. As living standards improve, the preference for modern kitchen appliances continues to rise. Manufacturers are introducing innovative models to cater to evolving consumer expectations. The expanding e-commerce sector is also making premium multicookers more accessible. As disposable income rises globally, the shift toward high-performance cooking appliances strengthens market growth.

Opportunities

• Growing Number of Innovative Product Offering

The growing number of innovative product offerings is creating new opportunities in the multicooker market. Manufacturers are developing advanced models with smart features to enhance user convenience. For instance, Instant Brands launched Wi-Fi-enabled multicookers that allow remote operation via mobile apps. Consumers prefer appliances with customizable cooking programs to suit diverse culinary needs. The demand for energy-efficient solutions is driving the introduction of eco-friendly designs, such as Philips' energy-efficient multicookers. Compact and space-saving models are gaining popularity among urban households with limited kitchen space. As competition increases, brands focus on premium aesthetics and user-friendly interfaces, seen in Breville’s sleek, touchscreen-enabled multicookers. The rise of multifunctional cookers is further catering to modern cooking preferences. Expanding e-commerce platforms such as Amazon and Walmart are making these innovations more accessible to a wider audience. Continuous advancements in technology are strengthening market adoption and consumer engagement, ensuring sustained growth in the industry.

• Growing Preference for Modular Kitchens

The growing preference for modular kitchens presents a significant opportunity for the multicooker market. Consumers seek compact and efficient appliances that seamlessly fit modern kitchen layouts. This shift drives demand for space-saving, multifunctional cooking solutions with advanced technology. For instance, Panasonic's sleek multicookers cater to modular kitchen aesthetics and functionality. Manufacturers focus on innovation to enhance convenience and user experience. Rising urbanization and premium kitchen designs further accelerate the adoption of smart appliances. As modular kitchens gain popularity, the multicooker market is poised for sustained growth.

Restraints/Challenges

• Sustaining Manufacturing Operations

Sustaining manufacturing operations remains a key restraint in the multicooker market. Rising raw material costs increase production expenses, impacting overall profitability and pricing strategies. Manufacturers face challenges in maintaining steady supply chains due to fluctuating global trade policies. High energy consumption in production units adds to operational costs and environmental concerns. Stringent regulatory compliance further complicates manufacturing processes, leading to delays and increased expenses. Labor shortages and skill gaps hinder production efficiency, affecting market growth potential. For instance, disruptions in semiconductor supply impact the availability of smart multicookers. Additionally, unpredictable economic conditions limit investment in advanced manufacturing technologies. Balancing cost efficiency while ensuring high product quality remains a significant challenge. Addressing these operational constraints is crucial for sustaining market competitiveness and meeting consumer demand.

• High Existing Penetration of Traditional Cookers

High existing penetration of traditional cookers presents a significant challenge in the multicooker market. Consumers accustomed to conventional cooking methods often resist transitioning to advanced appliances. This resistance slows market adoption, limiting the growth potential for multicookers. Established brand loyalty toward traditional cookers further restricts consumer willingness to explore new alternatives. Additionally, the widespread availability of conventional cookers at lower prices makes them a preferred choice. Many households, especially in developing regions, hesitate to invest in expensive multicookers. Lack of awareness regarding the benefits of multicookers further affects purchasing decisions. For instance, in rural areas, consumers prioritize affordability over technological convenience. Retailers also face difficulties in convincing customers to switch, leading to slower sales conversions. Overcoming these challenges requires strategic marketing, competitive pricing, and consumer education to highlight the efficiency and versatility of multicookers.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Multicooker Market Scope

The market is segmented on the basis of quarts, material, usage, end use, sales channel, product, and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Quarts

• Under 4-Quarts Electric Pressure
• 5-Quarts Electric Pressure
• 6-Quarts Electric Pressure
• 7-Quarts Electric Pressure
• Others

Material

• Stainless Steel
• Aluminium
• Ceramic
• Glass
• Hand-Anodized Aluminium

Usage

• Boiling, Baking
• Deep Fry
• Grill Roast

End Use

• Household/ Residential
• Commercial

Sales Channel

• Direct
• Indirect

Product

• Round
• Cube
• Others

Type

• Small Volume
• Medium Volume
• Large Volume

Multicooker Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, quarts, material, usage, end use, sales channel, product, and type as referenced above.

The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America is expected to dominate the multicooker market during the forecast period of 2025-2032 due to the high demand for the best electric cookers in the region. Additionally, the growing trend of smart kitchens and the integration of IoT technology in cooking devices further boost demand. The presence of key market players and their continuous innovation in product design enhances product availability and adoption.

Asia-Pacific region is projected to witness significant growth in the multicooker market during the forecast period of 2025-2032 due to the increase in the purchasing power and change in the living standards along with hectic schedule of individuals in the region. Increasing awareness of healthy home-cooked meals over packaged foods further accelerates the adoption of multicookers.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Multicooker Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Multicooker Market Leaders Operating in the Market Are:

• Koninklijke Philips N.V. (Netherlands)
• Electrolux Professional (Sweden)
• Whirlpool Corporation (U.S.)
• Samsung Electronics Co., Ltd. (South Korea)
• TTK Prestige Limited (India)
• Glen Dimplex Group (Ireland)
• Dacor, Inc. (U.S.)
• General Electric Company (U.S.)
• LG Electronics Inc. (South Korea)
• Panasonic Corporation of North America (U.S.)
• Miele & Cie. KG (Germany)
• Gree India Electronic Appliances (India)
• Sony Corporation (Japan)
• Morphy Richards (U.K.)
• KitchenAid (U.S.)
• Breville Pty Ltd (Australia)
• Tefal (France)
• BRG Appliances Limited (India)
• Cuisinart (U.S.)
• Lakeland (U.K.)

Latest Developments in Multicooker Market

• In August 2024, Xiaomi launched the Mijia Rice Cooker N1, a 4-liter, six-layer black-gold inner liner, 24-hour reservation, and 12-hour heat preservation multi cooker. The inclusion of nine cooking modes, a quick 28-minute cooking option, and extended heat preservation capabilities align with the growing demand for smart and time-saving kitchen appliances. Additionally, its 24-hour reservation function enhances user convenience, making it a competitive offering in the market
• In March 2024, Gourmia introduced the Versia, a multifunctional kitchen appliance that combines an air fryer, grill, panini maker, and multicooker, catering to the increasing consumer demand for versatile cooking solutions. Equipped with 14 one-touch cooking functions, a 7-quart air fry basket, and a 6-quart multicooker pot, the appliance enhances cooking efficiency and convenience. As consumers increasingly prioritize multifunctional and smart kitchen solutions, the introduction of such advanced appliances is expected to boost market growth and influence purchasing preferences, fostering greater adoption of high-tech cooking devices

SKU-60618